Average Payroll and Timekeeping Clerks Salary in Albuquerque, NM
In Albuquerque, New Mexico, Payroll and Timekeeping Clerks earn an average annual salary of $55,130. This figure is slightly below the national average of $56,360, indicating a localized compensation structure influenced by regional economic factors and the specific demand within the Albuquerque market. While not reaching the national benchmark, this salary reflects the prevailing wage for these essential administrative roles in the area.
Executive Summary
- Average Salary: $55,130 per year.
- Growth Trend: Salaries have shifted 40.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $76,000.
- Outlook: Albuquerque supports a local workforce of 350 Payroll and Timekeeping Clerks. The location quotient of 0.86 suggests that while the occupation is present, it is slightly less concentrated than the national average, implying a stable but not exceptionally high demand. The presence of nearly one job per thousand workers indicates a consistent need for these professionals within the city's economic landscape.
Salary Overview
The average Payroll and Timekeeping Clerks in Albuquerque, NM earns-2.2%below the national average.
$26.5
$1,060
$4,594
Payroll and Timekeeping Clerks Salary Trends (2020-2024)
While specific historical data for Albuquerque's Payroll and Timekeeping Clerk salaries over the past four years is not provided, it is reasonable to assume a general upward trend mirroring national patterns. Economic growth, inflation, and evolving labor market dynamics typically contribute to incremental salary increases for administrative roles, suggesting that compensation for these positions has likely seen modest growth in Albuquerque over the last few years.
Payroll and Timekeeping Clerks Salary Distribution in Albuquerque, NM
The salary range for Payroll and Timekeeping Clerks in Albuquerque, NM, naturally scales with experience. Entry-level positions typically start at the lower end of the pay scale, while senior clerks with extensive experience and specialized skills command higher salaries. The percentile gaps between entry-level, mid-career, and senior roles signify clear career progression pathways and the increasing value placed on expertise and tenure within the profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,220 | $18.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $41,348 | $19.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $54,520 | $26.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $68,913 | $33.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $76,000 | $36.5 |
Detailed Payroll and Timekeeping Clerks Market Analysis
Relocation Context
Nominal Salary
$55,130
Gross Pay
Real Wage (Purchasing Power)
$55,130
Adjusted for COL (100)
With an average annual salary of $55,130 and a Cost of Living Index of 100 (exactly matching the national average), the nominal salary in Albuquerque holds its purchasing power directly against the national standard. This means that the $55,130 earned locally offers a comparable lifestyle to earning $56,360 in a national average cost-of-living area, making Albuquerque a financially stable location for these professionals.
Job Market Context
350
Total Jobs
0.875
Per 1K Jobs
0.86
Location Quotient
Albuquerque, NM has 0.86x the national average concentration of Payroll and Timekeeping Clerks jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The location quotient of 0.86 for Payroll and Timekeeping Clerks in Albuquerque indicates that the occupation is slightly less concentrated in this metropolitan area compared to the national average. This suggests a moderately competitive job market where demand is present but not overwhelmingly high, offering a balanced environment for job seekers and employers alike. The market is neither saturated nor exceptionally scarce, providing steady opportunities.
Nearby Job Markets
Nearby Cities for Payroll and Timekeeping Clerks
| City | Salary | Dist. |
|---|---|---|
| Eastern New Mexico nonmetropolitan area Payroll and Timekeeping Clerks Salary | $56,090↑ 2% | 29 mi |
| Northern New Mexico nonmetropolitan area Payroll and Timekeeping Clerks Salary | $50,090↓ 9% | 29 mi |
| Santa Fe, NM Payroll and Timekeeping Clerks Salary | $52,840↓ 4% | 54 mi |
Comparing salaries near Albuquerque, NM
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Frequently Asked Questions
How much does a Payroll and Timekeeping Clerks make in Albuquerque, NM?
The median annual salary for a Payroll and Timekeeping Clerks in Albuquerque, NM is $55,130. This typically ranges from $39,220 for entry-level positions to $76,000 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albuquerque, NM is 2.2% lower than the national median of $56,360.
Is Albuquerque, NM a lucrative place for Payroll and Timekeeping Clerks?
No, it is slightly below the national average.While the average salary of $55,130 is respectable, it falls just shy of the national average of $56,360. However, the cost of living being at the national average means the purchasing power is comparable.
Is Albuquerque, NM a good place to live for Payroll and Timekeeping Clerks?
The Cost of Living Index in Albuquerque, NM is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albuquerque, NM?
Some top paying nearby cities include Eastern New Mexico nonmetropolitan area ($56,090) and Northern New Mexico nonmetropolitan area.
How does Albuquerque's cost of living compare to the national average?
Albuquerque's cost of living index is exactly 100, which is the national average. This means that the general cost of goods and services in Albuquerque is on par with the rest of the country.
What is the concentration of Payroll and Timekeeping Clerks in Albuquerque?
The location quotient of 0.86 indicates that Payroll and Timekeeping Clerks are slightly less concentrated in Albuquerque compared to the national average, suggesting a stable but not overly saturated job market for this role.
How many Payroll and Timekeeping Clerks are there in Albuquerque?
Albuquerque has a local workforce of approximately 350 Payroll and Timekeeping Clerks, representing a consistent presence of this profession within the city's economy.
Does experience significantly impact salary for Payroll and Timekeeping Clerks in Albuquerque?
Yes, like most professions, experience plays a crucial role. Entry-level positions will offer lower salaries, while senior clerks with extensive experience and specialized skills can expect to earn considerably more, reflecting career progression.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 350 employees in the Albuquerque, NM area with a job density of 0.875 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 Albuquerque, NM