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Average New Accounts Clerks Salary in Madison, WI

New Accounts Clerks in Madison, WI, earn an average annual salary of $49,700. This figure is notably higher than the national average of $47,610. Local economic factors and a concentrated demand within the region contribute to this elevated compensation.

Executive Summary

  • Average Salary: $49,700 per year.
  • Growth Trend: Salaries have shifted 26.8% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $57,750.
  • Outlook: The job market for New Accounts Clerks in Madison, WI, appears robust, supported by a local workforce of 240 individuals. The Location Quotient of 2.36 indicates a significantly higher concentration of these roles compared to the national average, suggesting strong local demand and potential for job growth.
2024 Market Data

Salary Overview

$49,700

The average New Accounts Clerks in Madison, WI earns+4.4%above the national average.

BreakdownBased on 40h/week
Hourly

$23.9

Weekly

$956

Monthly

$4,142

New Accounts Clerks Salary Distribution in Madison, WI

Career progression for New Accounts Clerks in Madison, WI, typically involves a salary increase with experience. Entry-level positions might start closer to the lower percentiles, while senior clerks with specialized skills and extensive experience can command salaries in the higher percentiles, reflecting their increased value and responsibility.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$43,490$20.9
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$37,275$17.9
ManagerOversees team, compliance, and project delivery.50% (Median)$47,550$22.9
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$62,125$29.9
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$57,750$27.8

Detailed New Accounts Clerks Market Analysis

Relocation Context

Nominal Salary

$49,700

Gross Pay

Real Wage (Purchasing Power)

$49,700

Adjusted for COL (100)

The nominal salary of $49,700 for New Accounts Clerks in Madison, WI, is well-positioned given the local Cost of Living Index of 100, which is precisely the national average. This means that the purchasing power of this salary is equivalent to the national average, offering a stable financial outlook for residents.

Job Market Context

240

Total Jobs

0.582

Per 1K Jobs

2.36

Location Quotient

Major Hub

Madison, WI has 2.4x the national concentration of New Accounts Clerks jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.

With a Location Quotient of 2.36, Madison, WI, exhibits a significantly higher concentration of New Accounts Clerk positions than the national average. This suggests a competitive yet abundant job market where employers actively seek qualified candidates, and professionals have ample opportunities within the local economy.

Nearby Job Markets

Nearby Cities for New Accounts Clerks

CitySalaryDist.
Janesville-Beloit, WI New Accounts Clerks Salary$47,300↓ 5%33 mi
Fond du Lac, WI New Accounts Clerks Salary$44,000↓ 11%68 mi
Milwaukee-Waukesha, WI New Accounts Clerks Salary$50,490↑ 2%72 mi
Oshkosh-Neenah, WI New Accounts Clerks Salary$45,480↓ 8%77 mi

Comparing salaries near Madison, WI

Hiring New Accounts Clerkss?

Frequently Asked Questions

How much does a New Accounts Clerks make in Madison, WI?

The median annual salary for a New Accounts Clerks in Madison, WI is $49,700. This typically ranges from $43,490 for entry-level positions to $57,750 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Madison, WI is 4.4% higher than the national median of $47,610.

Is Madison, WI a lucrative place for New Accounts Clerks?

Yes, Madison, WI offers a lucrative environment for New Accounts Clerks.The average salary of $49,700 exceeds the national average, and the cost of living is on par with the national average, indicating strong purchasing power.

Is Madison, WI a good place to live for New Accounts Clerks?

The Cost of Living Index in Madison, WI is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Madison, WI?

Some top paying nearby cities include Janesville-Beloit, WI ($47,300) and Fond du Lac, WI.

How does the Madison, WI salary compare to the national average?

The average annual salary for New Accounts Clerks in Madison, WI, is $49,700, which is higher than the national average of $47,610.

What does the Location Quotient of 2.36 mean for New Accounts Clerks in Madison, WI?

A Location Quotient of 2.36 signifies that New Accounts Clerk jobs are more than twice as concentrated in Madison, WI, compared to the national average, indicating higher local demand.

How does the Cost of Living in Madison, WI, affect the New Accounts Clerk salary?

With a Cost of Living Index of 100, Madison, WI, matches the national average, meaning the $49,700 salary offers standard purchasing power relative to the rest of the country.

What is the total number of New Accounts Clerks in Madison, WI?

There are approximately 240 New Accounts Clerks employed in the Madison, WI area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Madison, WI area with a job density of 0.582 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for New Accounts Clerks • Data source: BLS OEWS 2024 •Jobs in Madison, WI