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Average New Accounts Clerks Salary in Missouri

New Accounts Clerks in Missouri earn an average annual salary of $43,640. This figure is notably lower than the national average of $47,610. Local economic factors, including industry demand and the overall cost of living within the state, contribute to this regional pay variation.

Executive Summary

  • Average Salary: $43,640 per year.
  • Growth Trend: Salaries have shifted 22.7% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $59,860.
  • Outlook: With a local workforce of 1,620 New Accounts Clerks, Missouri demonstrates a significant concentration of these roles, indicated by a Location Quotient of 2.26. This suggests a robust demand and a specialized market for these professionals within the state, exceeding national averages for job density.
2024 Market Data

Salary Overview

$43,640

The average New Accounts Clerks in Missouri earns-8.3%below the national average.

BreakdownBased on 40h/week
Hourly

$21

Weekly

$839

Monthly

$3,637

New Accounts Clerks Salary Distribution in Missouri

Career progression for New Accounts Clerks in Missouri typically involves salary increases with experience. Entry-level positions may start at the lower end of the pay scale, while senior clerks with extensive experience and specialized skills can command salaries significantly higher than the average, reflecting a clear career trajectory.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$33,800$16.3
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$32,730$15.7
ManagerOversees team, compliance, and project delivery.50% (Median)$40,030$19.2
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$54,550$26.2
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$59,860$28.8

Detailed New Accounts Clerks Market Analysis

Relocation Context

Nominal Salary

$43,640

Gross Pay

Real Wage (Purchasing Power)

$49,367

Adjusted for COL (88.4)

The average annual salary of $43,640 in Missouri presents a favorable financial situation when contrasted with the state's Cost of Living Index of 88.4. This index, being below the national average of 100, suggests that the nominal income earned by New Accounts Clerks in Missouri offers a relatively strong purchasing power locally.

Job Market Context

1,620

Total Jobs

0.556

Per 1K Jobs

2.26

Location Quotient

Major Hub

Missouri has 2.3x 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.

Missouri's Location Quotient of 2.26 for New Accounts Clerks signifies a market that is more than twice as concentrated as the national average. This indicates a high demand and a specialized job pool, making it a potentially competitive but also opportunity-rich environment for those in this profession.

Nearby Job Markets

Nearby Cities for New Accounts Clerks

CitySalaryDist.
Jefferson City, MO New Accounts Clerks Salary$40,390↓ 7%10 mi

Comparing salaries near Missouri

Hiring New Accounts Clerkss?

Frequently Asked Questions

How much does a New Accounts Clerks make in Missouri?

The median annual salary for a New Accounts Clerks in Missouri is $43,640. This typically ranges from $33,800 for entry-level positions to $59,860 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Missouri is 8.3% lower than the national median of $47,610.

Is Missouri a lucrative place for New Accounts Clerks?

No, not in terms of nominal salary compared to the national average.While the average salary of $43,640 is below the national average, the lower cost of living in Missouri offers a reasonable standard of living.

Is Missouri a good place to live for New Accounts Clerks?

With a Cost of Living Index of 88.4 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Missouri?

Some top paying nearby cities include Jefferson City, MO ($40,390) and others.

How does Missouri's job market compare to the national average for New Accounts Clerks?

Missouri's job market for New Accounts Clerks is more concentrated than the national average, with a Location Quotient of 2.26, suggesting higher relative demand within the state.

What is the average salary for a New Accounts Clerk in Missouri?

The average annual salary for a New Accounts Clerk in Missouri is $43,640.

How does the cost of living in Missouri affect the salary?

Missouri's cost of living is 11.6% lower than the national average, meaning the $43,640 salary can provide a higher effective purchasing power locally compared to higher cost-of-living areas.

What is the total number of New Accounts Clerks employed in Missouri?

There are approximately 1,620 New Accounts Clerks employed in Missouri.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,620 employees in the Missouri area with a job density of 0.556 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 Missouri