How Much Do Accounts Payable Specialists Make in 2025?

How Much Do Accounts Payable Specialists Make in 2025?

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.

What is the Average Accounts Payable Specialist Salary?

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.

2025 Accounts Payable Specialist Average Salary: $58,172 per year

2024 Accounts Payable Specialist Average Salary: $57,200 per year

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.

What is the Pay Range for Accounts Payable Specialists?

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.

Accounts Payable Specialist Salary Range: $43,254 to $73,630 per year ($21 to $35 per hour)

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

Accounts Payable Specialist Salary Factors

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.

Years of Experience

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

Place of Work

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

Skill Set

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%

Accounts Payable Specialist Salary by City and State

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.

Highest Paying States for Accounts Payable Specialist

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.

  1. District of Columbia: $63,600 per year (or $30.58 per hour)
  2. California: $63,100 per year (or $30.34 per hour)
  3. New Jersey: $62,700 per year (or $30.14 per hour)
  4. Alaska: $62,300 per year (or $29.95 per hour)
  5. Connecticut: $61,400 per year (or $29.52 per hour)

Accounts Payable Specialist Salary by State

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

Highest Paying Cities for Accounts Payable Specialist

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.

  1. San Jose, California: $71,700 per year (or $34 per hour)
  2. San Francisco, California: $71,500 per year ($34 per hour)
  3. Oakland, California: $69,700 per year ($34 per hour)
  4. New York, New York: $66,800 per year ($32 per hour)
  5. Queens Village, New York: $66,300 per year ($32 per hour)

Ways to Increase Your Salary as an Accounts Payable Specialist

Accounts payable specialists have many opportunities to earn a higher salary by gaining experience, improving skills, and exploring growth within the role.

  • Consider pursuing certifications like the Certified Accounts Payable Clerk (CAPC) or Certified Professional Accountant (CPA). As per BLS, CPAs tend to earn more than unlicensed accounting professionals.
  • Gaining experience can lead to higher pay. For example, entry-level accounts payable specialists earn $56,355, while those with 8+ years earn $59,724.
  • If you respond to a change in industry, moving from retail trade to professional, scientific, and technical services could lead to a 13.46% pay increase.
  • Consider moving to a state or city with higher pay. For example, the District of Columbia offers $63,600 per year (or $30.58 per hour), while San Jose, California offers $71,700 per year (or $34 per hour).
  • Learn highly compensated skills that can boost your earnings, like invoice processing, accounting software, and accounts payable.
  • Negotiate your salary by researching market rates for your position and experience. As of this writing, the accounts payable specialist salary range is between $43,254 and $73,630 per year.

Average National Salaries by Source

The following are the salaries for accounts payable specialists from five top salary-reporting sites, averaging $21,297 (unweighted) across these sites.

SALARY.COM AVG. SALARY

$57,200 / year

INDEED.COM AVG. SALARY

$46,752 / year

GLASSDOOR AVG. SALARY

$52,919 / year

PAYSCALE AVG. SALARY

$50,299 / year

ZIPRECRUITER AVG. SALARY

$49,286 / year

Dec 13, 2024

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