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Average Payroll and Timekeeping Clerks Salary in Bridgeport-Stamford-Danbury, CT

Payroll and Timekeeping Clerks in the Bridgeport-Stamford-Danbury, CT area earn an impressive average annual salary of $65,290. This figure significantly surpasses the national average of $56,360, indicating a premium for these roles within this specific metropolitan region. Factors such as the local economic landscape and demand for specialized administrative functions likely contribute to this elevated compensation.

Executive Summary

  • Average Salary: $65,290 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $86,540.
  • Outlook: The local workforce for Payroll and Timekeeping Clerks in Bridgeport-Stamford-Danbury, CT comprises approximately 350 professionals. While the Location Quotient of 0.85 suggests a slightly lower concentration compared to the national average, the presence of a substantial workforce indicates a stable, albeit not hyper-concentrated, demand for these essential administrative roles within the region.
2024 Market Data

Salary Overview

$65,290

The average Payroll and Timekeeping Clerks in Bridgeport-Stamford-Danbury, CT earns+15.8%above the national average.

BreakdownBased on 40h/week
Hourly

$31.4

Weekly

$1,256

Monthly

$5,441

Payroll and Timekeeping Clerks Salary Distribution in Bridgeport-Stamford-Danbury, CT

Career progression for Payroll and Timekeeping Clerks typically involves a salary increase with accumulated experience. Entry-level positions may start closer to the lower end of the pay scale, while senior clerks with extensive expertise in complex payroll systems and compliance can command salaries significantly above 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)$48,560$23.3
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$48,968$23.5
ManagerOversees team, compliance, and project delivery.50% (Median)$60,720$29.2
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$81,613$39.2
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$86,540$41.6

Detailed Payroll and Timekeeping Clerks Market Analysis

Relocation Context

Nominal Salary

$65,290

Gross Pay

Real Wage (Purchasing Power)

$65,290

Adjusted for COL (100)

The average annual salary of $65,290 in Bridgeport-Stamford-Danbury, CT aligns perfectly with the national average Cost of Living Index of 100. This means that the higher nominal salary offers purchasing power that is equivalent to the national average, providing a stable financial footing for professionals considering a move to or within this area.

Job Market Context

350

Total Jobs

0.862

Per 1K Jobs

0.85

Location Quotient

Below Average

Bridgeport-Stamford-Danbury, CT has 0.85x 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.

With a Location Quotient of 0.85, the job market for Payroll and Timekeeping Clerks in Bridgeport-Stamford-Danbury, CT is neither overly saturated nor exceptionally scarce relative to the national landscape. This suggests a balanced market where employers are actively seeking qualified candidates, and professionals have a reasonable number of opportunities without facing extreme competition.

Nearby Job Markets

Nearby Cities for Payroll and Timekeeping Clerks

CitySalaryDist.
New Haven, CT Payroll and Timekeeping Clerks Salary$63,180↓ 3%16 mi
Waterbury-Shelton, CT Payroll and Timekeeping Clerks Salary$60,860↓ 7%27 mi
Connecticut nonmetropolitan area Payroll and Timekeeping Clerks Salary$64,800↓ 1%36 mi
Hartford-West Hartford-East Hartford, CT Payroll and Timekeeping Clerks Salary$62,780↓ 4%48 mi
Kiryas Joel-Poughkeepsie-Newburgh, NY Payroll and Timekeeping Clerks Salary$59,520↓ 9%51 mi

Comparing salaries near Bridgeport-Stamford-Danbury, CT

Hiring Payroll and Timekeeping Clerkss?

Frequently Asked Questions

How much does a Payroll and Timekeeping Clerks make in Bridgeport-Stamford-Danbury, CT?

The median annual salary for a Payroll and Timekeeping Clerks in Bridgeport-Stamford-Danbury, CT is $65,290. This typically ranges from $48,560 for entry-level positions to $86,540 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Bridgeport-Stamford-Danbury, CT is 15.8% higher than the national median of $56,360.

Is Bridgeport-Stamford-Danbury, CT a lucrative place for Payroll and Timekeeping Clerks?

Yes, it offers above-average compensation.The average salary of $65,290 significantly exceeds the national average, and the cost of living is on par with the national average, making it financially advantageous.

Is Bridgeport-Stamford-Danbury, CT a good place to live for Payroll and Timekeeping Clerks?

The Cost of Living Index in Bridgeport-Stamford-Danbury, CT is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Bridgeport-Stamford-Danbury, CT?

Some top paying nearby cities include New Haven, CT ($63,180) and Waterbury-Shelton, CT.

How does the local workforce size impact job availability?

A local workforce of 350 indicates a solid base of professionals, suggesting consistent demand and opportunities for both new entrants and experienced individuals in the Payroll and Timekeeping Clerk field.

What does a Location Quotient of 0.85 mean for job seekers?

A Location Quotient of 0.85 implies that Payroll and Timekeeping Clerks are slightly less concentrated here than the national average, potentially indicating a healthy job market with available positions.

How does the Cost of Living Index affect the real value of the salary?

With a Cost of Living Index of 100, the national average, the $65,290 salary in Bridgeport-Stamford-Danbury, CT has the same purchasing power as the national average salary, offering good financial stability.

Are there significant salary differences based on experience for this role locally?

Yes, as with most professions, experience plays a crucial role. Entry-level clerks will earn less, while senior clerks with specialized skills and extensive experience can command higher salaries, reflecting career growth.

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 Bridgeport-Stamford-Danbury, CT area with a job density of 0.862 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Bridgeport-Stamford-Danbury, CT

Semantic Salary Analysis for Payroll and Timekeeping Clerks • Data source: BLS OEWS 2024 •Jobs in Bridgeport-Stamford-Danbury, CT