Average Payroll and Timekeeping Clerks Salary in Albany-Schenectady-Troy, NY
In Albany-Schenectady-Troy, NY, Payroll and Timekeeping Clerks earn an average annual salary of $56,360. This figure aligns precisely with the national average, indicating that local market dynamics and compensation structures are in sync with broader industry trends. The stability in pay suggests a well-established demand for these essential financial support roles within the region.
Executive Summary
- Average Salary: $56,360 per year.
- Growth Trend: Salaries have shifted 15.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $74,030.
- Outlook: The Albany-Schenectady-Troy area supports a local workforce of 530 Payroll and Timekeeping Clerks. With a Location Quotient of 1.17, this region demonstrates a slightly higher concentration of these roles compared to the national average, suggesting a robust and potentially growing job market for these professionals. The presence of nearly 1.2 jobs per 1,000 workers further underscores the consistent demand for payroll expertise.
Salary Overview
The average Payroll and Timekeeping Clerks in Albany-Schenectady-Troy, NY earns-0.0%below the national average.
$27.1
$1,084
$4,697
Payroll and Timekeeping Clerks Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Payroll and Timekeeping Clerks in Albany-Schenectady-Troy have experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, increasing complexity of payroll regulations, and demand for skilled professionals typically drive incremental salary increases in this sector.
Payroll and Timekeeping Clerks Salary Distribution in Albany-Schenectady-Troy, NY
Career progression for Payroll and Timekeeping Clerks typically involves a significant salary increase with experience. Entry-level positions may start at a lower percentile, while senior clerks with extensive knowledge of payroll systems, tax laws, and compliance can command salaries well above the average. The widening gap between entry-level and senior roles reflects the value placed on expertise and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,230 | $19.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $42,270 | $20.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $55,290 | $26.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $70,450 | $33.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $74,030 | $35.6 |
Detailed Payroll and Timekeeping Clerks Market Analysis
Relocation Context
Nominal Salary
$56,360
Gross Pay
Real Wage (Purchasing Power)
$56,360
Adjusted for COL (100)
The average annual salary of $56,360 in Albany-Schenectady-Troy, NY, is perfectly balanced by a Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Payroll and Timekeeping Clerk's salary in this region is equivalent to the national standard, making it a stable financial environment for residents.
Job Market Context
530
Total Jobs
1.196
Per 1K Jobs
1.17
Location Quotient
With a location quotient of 1.17, Albany-Schenectady-Troy, NY has a slightly higher-than-average concentration of Payroll and Timekeeping Clerks roles compared to the national norm.
A Location Quotient of 1.17 indicates that Payroll and Timekeeping Clerk roles are 17% more concentrated in the Albany-Schenectady-Troy area than the national average. This suggests a healthy job market with potentially more opportunities relative to the general workforce, implying a competitive but accessible environment for those seeking employment in this field.
Nearby Job Markets
Nearby Cities for Payroll and Timekeeping Clerks
| City | Salary | Dist. |
|---|---|---|
| Pittsfield, MA Payroll and Timekeeping Clerks Salary | $54,540↓ 3% | 31 mi |
| Glens Falls, NY Payroll and Timekeeping Clerks Salary | $56,570↑ 0% | 45 mi |
| Kingston, NY Payroll and Timekeeping Clerks Salary | $55,710↓ 1% | 52 mi |
| Southwest New York nonmetropolitan area Payroll and Timekeeping Clerks Salary | $56,020↓ 1% | 68 mi |
| Central East New York nonmetropolitan area Payroll and Timekeeping Clerks Salary | $53,150↓ 6% | 68 mi |
Comparing salaries near Albany-Schenectady-Troy, NY
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Frequently Asked Questions
How much does a Payroll and Timekeeping Clerks make in Albany-Schenectady-Troy, NY?
The median annual salary for a Payroll and Timekeeping Clerks in Albany-Schenectady-Troy, NY is $56,360. This typically ranges from $40,230 for entry-level positions to $74,030 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany-Schenectady-Troy, NY is 0.0% lower than the national median of $56,360.
Is Albany-Schenectady-Troy, NY a lucrative place for Payroll and Timekeeping Clerks?
Yes, it offers competitive compensation.The average salary aligns with the national average, and the cost of living is also at the national average, ensuring strong purchasing power. The slightly higher concentration of these roles suggests good market stability.
Is Albany-Schenectady-Troy, NY a good place to live for Payroll and Timekeeping Clerks?
The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albany-Schenectady-Troy, NY?
Some top paying nearby cities include Pittsfield, MA ($54,540) and Glens Falls, NY.
What is the average salary for a Payroll and Timekeeping Clerk in Albany-Schenectady-Troy, NY?
The average annual salary for a Payroll and Timekeeping Clerk in Albany-Schenectady-Troy, NY is $56,360.
How does the cost of living in Albany-Schenectady-Troy, NY compare to the national average?
The cost of living in Albany-Schenectady-Troy, NY is exactly at the national average, with an index of 100.
Is there high demand for Payroll and Timekeeping Clerks in this region?
Yes, the Location Quotient of 1.17 suggests a higher concentration of these jobs than the national average, indicating strong local demand.
How many Payroll and Timekeeping Clerks work in the Albany-Schenectady-Troy, NY area?
There are approximately 530 Payroll and Timekeeping Clerks employed in the Albany-Schenectady-Troy, NY metropolitan area.
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 Albany-Schenectady-Troy, NY area with a job density of 1.196 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Payroll and Timekeeping Clerks • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY