Becoming an accounts payable specialist is a rewarding career choice for individuals with strong organizational and financial skills. A few of their duties include handling purchase orders and ensuring accurate entry of invoices and general ledger data.
As per U.S. Bureau of Labor Statistics (BLS), this role is categorized under bookkeeping, accounting, and auditing clerks. While employment in this field is projected to decline by 5% from 2023 to 2033, there are still approximately 174,900 job openings expected annually on average during this period.
Salary.com projects the average annual salary for this job title in 2025 to be $58,172. Below is an overview of the salary for accounts payable specialists, including factors that influence it and tips to increase earnings.
The projected average salary for an accounts payable specialist in the United States in 2025 is $58,172 per year, representing a 1.7% increase from the 2024 average annual salary of $57,200.
As of this writing, the average salary for accounts payable specialists is $28 per hour, with hourly rates that can go up to $32 or down to $24. Meanwhile, the average weekly and monthly salaries for accounts payable specialists are $1,100 and $4,767, respectively.
According to Salary.com, the salary range for accounts payable specialists starts at $43,254 and can reach a high of $73,630, with most earnings between $49,900 and $65,800.
All of the factors, which will be discussed later, affect how much an accounts payable specialist earns, including levels of experience, education, and location.
Percentile | By Hour | By Week | By Month | By Year |
---|---|---|---|---|
10th Percentile | $21 | $832 | $3,604 | $43,254 |
25th Percentile | $24 | $960 | $4,158 | $49,900 |
50th Percentile (Median) | $28 | $1,100 | $4,767 | $57,200 |
75th Percentile | $32 | $1,265 | $5,483 | $65,800 |
90th Percentile | $35 | $1,416 | $6,136 | $73,630 |
There are several factors that influence how much an accounts payable specialist can earn. These include experience, place of work, and skills. Let’s explore each of these in detail.
The average pay for an accounts payable specialist by years of experience ranged from $56,355 per year for entry-level accounts payable specialists to $59,724 per year for specialists with 8+ years of experience.
Levels | Years of Experience | Average Salary per Year |
---|---|---|
Entry Level Accounts Payable Specialist | <1 | $56,355 |
Intermediate Level Accounts Payable Specialist | <2 | $57,157 |
Senior Accounts Payable Specialist | 2-4 | $59,082 |
Specialist Level Accounts Payable Specialist | 5-8 | $59,467 |
Expert Level Accounts Payable Specialist | 8+ | $59,724 |
According to BLS, the workplace significantly impacts the salary of an accounts payable specialist. For example, accounts payable specialists earn as much as 13.46% more in professional, scientific, and technical services than in retail trade in 2023.
Place of Work | Median Annual Salary |
---|---|
Professional, scientific, and technical services | $48,960 |
Construction | $48,540 |
Finance and insurance | $48,540 |
Wholesale trade | $47,190 |
Retail trade | $43,150 |
Accounts payable specialists with certain skills can increase their salaries. According to the Real-time Job Posting Salary Data Report, an accounts payable specialist with invoice processing skills can earn 11.87% more than those without.
For example, if employee A earns $43,254 per year and has invoice processing skills, they can earn 11.87% more, or an additional $5,134.25, bringing the total salary to $48,388.25
Skill | Demand | Salary Increase |
---|---|---|
Invoice Processing | 12.04% | +11.87% |
Accounting Software | 9.28% | +11.63% |
Accounts Payable | 54.32% | +10.32% |
Payment Processing | 5.43% | +9.62% |
Life Insurance | 4.75% | +9.22% |
The choice of location can significantly impact the earning potential for accounts payable specialists. In fact, this information can help pharmacy technicians identify the most strategic locations for both living and working.
Based on the salary data, the District of Columbia offers the highest average annual salary for accounts payable specialists in the United States, at $63,600.
State | Average Annual Salary |
---|---|
Alaska | $62,300 |
Alabama | $52,600 |
Arkansas | $52,100 |
Arizona | $55,700 |
California | $63,100 |
Colorado | $58,300 |
Connecticut | $61,400 |
District of Columbia | $63,600 |
Delaware | $58,000 |
Florida | $54,300 |
Georgia | $55,300 |
Hawaii | $59,700 |
Iowa | $54,700 |
Idaho | $53,400 |
Illinois | $58,500 |
Indiana | $55,500 |
Kansas | $54,400 |
Kentucky | $53,800 |
Louisiana | $54,400 |
Massachusetts | $62,200 |
Maryland | $58,900 |
Maine | $55,600 |
Michigan | $56,400 |
Minnesota | $58,500 |
Missouri | $54,500 |
Mississippi | $51,000 |
Montana | $53,400 |
North Carolina | $54,900 |
North Dakota | $56,600 |
Nebraska | $53,900 |
New Hampshire | $58,100 |
New Jersey | $62,700 |
New Mexico | $52,700 |
Nevada | $57,400 |
New York | $60,900 |
Ohio | $55,900 |
Oklahoma | $52,900 |
Oregon | $58,100 |
Pennsylvania | $57,100 |
Rhode Island | $59,700 |
South Carolina | $54,000 |
South Dakota | $51,400 |
Tennessee | $53,000 |
Texas | $56,000 |
Utah | $54,400 |
Virginia | $57,300 |
Vermont | $56,100 |
Washington | $61,600 |
Wisconsin | $56,500 |
West Virginia | $51,500 |
Wyoming | $54,800 |
Here are the top 5 highest paying cities for accounts payable specialists, according to Salary.com data, with San Jose, California, leading at $71,700 per year or $34 per hour.
Accounts payable specialists have many opportunities to earn a higher salary by gaining experience, improving skills, and exploring growth within the role.
The following are the salaries for accounts payable specialists from five top salary-reporting sites, averaging $21,297 (unweighted) across these sites.
$57,200 / year
$46,752 / year
$52,919 / year
$50,299 / year
$49,286 / year