SalaryNode

Average New Accounts Clerks Salary in Texas

New Accounts Clerks in Texas earn an average annual salary of $41,550, which is below the national average of $47,610. This disparity is often influenced by regional economic factors, the specific demands of the Texas market, and the overall cost of doing business within the state.

Executive Summary

  • Average Salary: $41,550 per year.
  • Growth Trend: Salaries have shifted 14.2% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $52,160.
  • Outlook: With a local workforce of 4,180 New Accounts Clerks, Texas demonstrates a significant presence in this occupational field. The Location Quotient of 1.22 indicates a higher concentration of these roles in Texas compared to the national average, suggesting a robust and potentially growing demand for these administrative professionals within the state's financial and business sectors.
2024 Market Data

Salary Overview

$41,550

The average New Accounts Clerks in Texas earns-12.7%below the national average.

BreakdownBased on 40h/week
Hourly

$20

Weekly

$799

Monthly

$3,463

New Accounts Clerks Salary Distribution in Texas

Career progression for New Accounts Clerks typically involves a salary increase with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior clerks with extensive experience and specialized skills can command salaries significantly higher than the average. The percentile gaps in salary distribution reflect these opportunities for advancement and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$33,120$15.9
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$31,163$15
ManagerOversees team, compliance, and project delivery.50% (Median)$38,970$18.7
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$51,938$25
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$52,160$25.1

Detailed New Accounts Clerks Market Analysis

Relocation Context

Nominal Salary

$41,550

Gross Pay

Real Wage (Purchasing Power)

$44,677

Adjusted for COL (93)

The nominal average salary of $41,550 in Texas needs to be considered alongside the local Cost of Living Index of 93. Since this index is below the national average of 100, the purchasing power of a New Accounts Clerk's salary in Texas is relatively stronger than the raw salary figure might suggest, offering a potentially better standard of living compared to higher cost-of-living areas.

Job Market Context

4,180

Total Jobs

0.302

Per 1K Jobs

1.22

Location Quotient

Above Average

With a location quotient of 1.22, Texas has a slightly higher-than-average concentration of New Accounts Clerks roles compared to the national norm.

A Location Quotient of 1.22 signifies that New Accounts Clerks are more concentrated in Texas than the national average. This suggests a healthy job market with a notable demand for these professionals, potentially offering more opportunities and a competitive environment for both employers and job seekers within the state.

Nearby Job Markets

Nearby Cities for New Accounts Clerks

CitySalaryDist.
Killeen-Temple, TX New Accounts Clerks Salary$41,990↑ 1%10 mi
Waco, TX New Accounts Clerks Salary$41,310↓ 1%41 mi
College Station-Bryan, TX New Accounts Clerks Salary$39,780↓ 4%82 mi

Comparing salaries near Texas

Hiring New Accounts Clerkss?

Frequently Asked Questions

How much does a New Accounts Clerks make in Texas?

The median annual salary for a New Accounts Clerks in Texas is $41,550. This typically ranges from $33,120 for entry-level positions to $52,160 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Texas is 12.7% lower than the national median of $47,610.

Is Texas a lucrative place for New Accounts Clerks?

Moderately so, with a strong cost of living advantage.While the average salary is below the national average, the lower cost of living in Texas enhances the purchasing power of the $41,550 salary. The concentration of jobs (LQ of 1.22) also indicates a stable market.

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

With a Cost of Living Index of 93 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Texas?

Some top paying nearby cities include Killeen-Temple, TX ($41,990) and Waco, TX.

How does the Texas job market compare nationally for New Accounts Clerks?

Texas has a higher concentration of New Accounts Clerks than the national average, indicated by a Location Quotient of 1.22, suggesting a more robust local market.

What is the impact of cost of living on a New Accounts Clerk's salary in Texas?

With a Cost of Living Index of 93, the $41,550 salary in Texas offers better purchasing power than the same nominal salary in a higher cost-of-living area.

How many New Accounts Clerks are employed in Texas?

There are approximately 4,180 New Accounts Clerks employed in Texas, representing 0.302 jobs per 1,000 workers.

Can experience significantly increase a New Accounts Clerk's salary in Texas?

Yes, career progression from entry-level to senior roles typically leads to substantial salary increases, with experienced clerks earning well above the state average.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,180 employees in the Texas area with a job density of 0.302 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 Texas