Average New Accounts Clerks Salary in Los Angeles-Long Beach-Anaheim, CA
New Accounts Clerks in the Los Angeles-Long Beach-Anaheim, CA metropolitan area earn an impressive average annual salary of $57,980. This figure significantly surpasses the national average of $47,610, indicating a strong demand and potentially higher cost of doing business within this major economic hub. The robust local economy and competitive market dynamics likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $57,980 per year.
- Growth Trend: Salaries have shifted 19.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $69,180.
- Outlook: With a total local workforce of 370 New Accounts Clerks, the Los Angeles-Long Beach-Anaheim area demonstrates a substantial presence in this role. The Location Quotient of 0.24 suggests that while the concentration is below the national average, the sheer volume of jobs indicates a stable and ongoing need for these professionals within the region's diverse financial and business sectors.
Salary Overview
The average New Accounts Clerks in Los Angeles-Long Beach-Anaheim, CA earns+21.8%above the national average.
$27.9
$1,115
$4,832
New Accounts Clerks Salary Trends (2020-2024)
While specific historical data for New Accounts Clerks in Los Angeles is not provided, it is reasonable to assume a general upward trend in salaries over the past four years, mirroring national economic growth and inflation. This suggests that compensation for this role has likely seen consistent, albeit potentially modest, increases, reflecting the evolving economic landscape and demand for administrative support.
New Accounts Clerks Salary Distribution in Los Angeles-Long Beach-Anaheim, CA
Salary progression for New Accounts Clerks typically correlates with experience and specialized skills. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with extensive knowledge of financial regulations, customer service excellence, and advanced software proficiency can command salaries significantly higher than the average. The percentile gaps in salary data reflect these opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,410 | $22.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $43,485 | $20.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $57,180 | $27.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $72,475 | $34.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $69,180 | $33.3 |
Detailed New Accounts Clerks Market Analysis
Relocation Context
Nominal Salary
$57,980
Gross Pay
Real Wage (Purchasing Power)
$57,980
Adjusted for COL (100)
The average annual salary of $57,980 in Los Angeles-Long Beach-Anaheim, CA, aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is higher than the national average, the purchasing power of that salary is comparable to the national standard, offering a balanced financial outlook for professionals in this area.
Job Market Context
370
Total Jobs
0.06
Per 1K Jobs
0.24
Location Quotient
At 0.24x, Los Angeles-Long Beach-Anaheim, CA has a notably lower concentration of New Accounts Clerks jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.24 indicates that New Accounts Clerks are less concentrated in the Los Angeles-Long Beach-Anaheim area compared to the national average. This suggests that while the role is present, it is not a dominant sector, potentially leading to a more specialized or niche demand rather than widespread abundance, which can influence hiring dynamics and compensation.
Nearby Job Markets
Nearby Cities for New Accounts Clerks
| City | Salary | Dist. |
|---|---|---|
| Riverside-San Bernardino-Ontario, CA New Accounts Clerks Salary | $51,160↓ 12% | 49 mi |
Comparing salaries near Los Angeles-Long Beach-Anaheim, CA
Hiring New Accounts Clerkss?
Frequently Asked Questions
How much does a New Accounts Clerks make in Los Angeles-Long Beach-Anaheim, CA?
The median annual salary for a New Accounts Clerks in Los Angeles-Long Beach-Anaheim, CA is $57,980. This typically ranges from $46,410 for entry-level positions to $69,180 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Los Angeles-Long Beach-Anaheim, CA is 21.8% higher than the national median of $47,610.
Is Los Angeles-Long Beach-Anaheim, CA a lucrative place for New Accounts Clerks?
Yes, it is a lucrative place for New Accounts Clerks.The average salary of $57,980 significantly exceeds the national average, and the cost of living is on par with the national average, indicating strong purchasing power.
Is Los Angeles-Long Beach-Anaheim, CA a good place to live for New Accounts Clerks?
The Cost of Living Index in Los Angeles-Long Beach-Anaheim, CA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Los Angeles-Long Beach-Anaheim, CA?
Some top paying nearby cities include Riverside-San Bernardino-Ontario, CA ($51,160) and others.
How does the local workforce size affect New Accounts Clerk jobs in Los Angeles?
The local workforce of 370 New Accounts Clerks indicates a solid presence of this role, suggesting consistent job opportunities within the region's business ecosystem.
What does a Location Quotient of 0.24 mean for New Accounts Clerks in Los Angeles?
A Location Quotient of 0.24 signifies that New Accounts Clerks are less concentrated here than the national average, implying a potentially specialized demand rather than an oversaturated market.
How does the Cost of Living Index impact the salary of a New Accounts Clerk in Los Angeles?
With a Cost of Living Index of 100, the national average, the $57,980 salary offers purchasing power equivalent to the national average, making it a financially stable location.
Are there significant salary differences based on experience for New Accounts Clerks in Los Angeles?
Yes, experience plays a crucial role, with entry-level positions earning less and senior roles commanding higher salaries, reflecting a clear career progression path.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 370 employees in the Los Angeles-Long Beach-Anaheim, CA area with a job density of 0.06 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for New Accounts Clerks • Data source: BLS OEWS 2024 •Jobs in Los Angeles-Long Beach-Anaheim, CA