Average New Accounts Clerks Salary in Milwaukee-Waukesha, WI
New Accounts Clerks in the Milwaukee-Waukesha, WI area earn an average annual salary of $50,490, surpassing the national average of $47,610. This higher compensation reflects the specific economic dynamics and demand within the local financial sector. The concentration of financial institutions and businesses requiring these specialized roles in Milwaukee-Waukesha contributes to this favorable pay scale.
Executive Summary
- Average Salary: $50,490 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $60,840.
- Outlook: The Milwaukee-Waukesha, WI market for New Accounts Clerks presents a robust employment landscape, evidenced by a substantial local workforce of 530 professionals. The location quotient of 2.64 significantly exceeds the national average, indicating a strong concentration of these roles relative to the overall job market. This suggests a healthy demand and a potentially stable or growing job market for individuals in this profession within the region.
Salary Overview
The average New Accounts Clerks in Milwaukee-Waukesha, WI earns+6.0%above the national average.
$24.3
$971
$4,208
New Accounts Clerks Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for New Accounts Clerks in Milwaukee-Waukesha have experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, increasing demand for skilled administrative and financial support, and evolving industry standards likely contribute to upward pressure on wages, ensuring that compensation remains competitive.
New Accounts Clerks Salary Distribution in Milwaukee-Waukesha, WI
Salary progression for New Accounts Clerks in Milwaukee-Waukesha, WI, typically scales with experience. Entry-level positions may start closer to the lower end of the pay spectrum, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries. The percentile gaps in earnings, from the lowest paid to the highest, signify clear career progression pathways and the increasing value placed on expertise and tenure in the role.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,940 | $22.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $37,868 | $18.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $48,420 | $23.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $63,113 | $30.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $60,840 | $29.3 |
Detailed New Accounts Clerks Market Analysis
Relocation Context
Nominal Salary
$50,490
Gross Pay
Real Wage (Purchasing Power)
$50,490
Adjusted for COL (100)
The average annual salary of $50,490 for New Accounts Clerks in Milwaukee-Waukesha, WI, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, making relocation financially neutral in terms of basic living expenses. Professionals can expect their earnings to cover standard costs of living without significant strain or surplus compared to national benchmarks.
Job Market Context
530
Total Jobs
0.65
Per 1K Jobs
2.64
Location Quotient
Milwaukee-Waukesha, WI has 2.6x 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 2.64, the Milwaukee-Waukesha, WI metropolitan area exhibits a significantly higher concentration of New Accounts Clerks than the national average. This indicates a specialized and potentially competitive market where employers actively seek individuals with these skills. The abundance of roles relative to the national benchmark suggests that the local economy has a strong reliance on these positions, potentially leading to more job opportunities but also requiring candidates to stand out.
Nearby Job Markets
Nearby Cities for New Accounts Clerks
| City | Salary | Dist. |
|---|---|---|
| Kenosha, WI New Accounts Clerks Salary | $45,510↓ 10% | 33 mi |
| Sheboygan, WI New Accounts Clerks Salary | $46,950↓ 7% | 48 mi |
| Fond du Lac, WI New Accounts Clerks Salary | $44,000↓ 13% | 54 mi |
| Janesville-Beloit, WI New Accounts Clerks Salary | $47,300↓ 6% | 59 mi |
Comparing salaries near Milwaukee-Waukesha, WI
Hiring New Accounts Clerkss?
Frequently Asked Questions
How much does a New Accounts Clerks make in Milwaukee-Waukesha, WI?
The median annual salary for a New Accounts Clerks in Milwaukee-Waukesha, WI is $50,490. This typically ranges from $45,940 for entry-level positions to $60,840 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Milwaukee-Waukesha, WI is 6.0% higher than the national median of $47,610.
Is Milwaukee-Waukesha, WI a lucrative place for New Accounts Clerks?
Yes, it is a favorable location for New Accounts Clerks.The average salary of $50,490 is higher than the national average, and the cost of living is on par with the national average, offering strong purchasing power.
Is Milwaukee-Waukesha, WI a good place to live for New Accounts Clerks?
The Cost of Living Index in Milwaukee-Waukesha, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Milwaukee-Waukesha, WI?
Some top paying nearby cities include Kenosha, WI ($45,510) and Sheboygan, WI.
How does the Milwaukee-Waukesha, WI salary compare to the national average?
New Accounts Clerks in Milwaukee-Waukesha, WI, earn approximately $2,880 more annually than the national average, with a salary of $50,490 compared to $47,610.
What does the Location Quotient of 2.64 mean for job seekers?
A location quotient of 2.64 signifies that New Accounts Clerk roles are more than twice as concentrated in Milwaukee-Waukesha, WI, compared to the national average, indicating a strong local demand for these professionals.
Is the cost of living a factor for New Accounts Clerks in Milwaukee-Waukesha, WI?
The cost of living in Milwaukee-Waukesha, WI, is exactly at the national average (100), meaning the $50,490 salary provides average national purchasing power for residents.
How many New Accounts Clerks are employed in Milwaukee-Waukesha, WI?
There are approximately 530 New Accounts Clerks employed within the Milwaukee-Waukesha, WI metropolitan area, representing a notable segment of the local workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 530 employees in the Milwaukee-Waukesha, WI area with a job density of 0.65 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 Milwaukee-Waukesha, WI