Average Payroll and Timekeeping Clerks Salary in Chicago-Naperville-Elgin, IL-IN
Payroll and Timekeeping Clerks in the Chicago-Naperville-Elgin, IL-IN metropolitan area earn an impressive average annual salary of $62,930. This figure significantly surpasses the national average of $56,360, indicating a premium for these roles within this dynamic region. The robust economic activity and demand for specialized administrative functions in the area likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $62,930 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $81,660.
- Outlook: With a local workforce of 4,710 Payroll and Timekeeping Clerks, the Chicago-Naperville-Elgin area demonstrates a substantial presence in this field. The Location Quotient of 1.03 suggests a concentration of these roles that is slightly above the national average, implying a stable and potentially growing demand for skilled professionals in payroll and timekeeping.
Salary Overview
The average Payroll and Timekeeping Clerks in Chicago-Naperville-Elgin, IL-IN earns+11.7%above the national average.
$30.3
$1,210
$5,244
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 the Chicago-Naperville-Elgin area have experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, increased complexity in payroll regulations, and a growing demand for efficient timekeeping systems likely contribute to upward pressure on wages.
Payroll and Timekeeping Clerks Salary Distribution in Chicago-Naperville-Elgin, IL-IN
Career progression for Payroll and Timekeeping Clerks typically involves a significant salary increase from entry-level to senior positions. While specific percentile data is unavailable, the gap between starting salaries and those earned by experienced professionals often represents a substantial jump, reflecting the acquisition of specialized skills, increased responsibility, and a deeper understanding of complex payroll systems.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,830 | $21.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $47,198 | $22.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $61,920 | $29.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $78,663 | $37.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $81,660 | $39.3 |
Detailed Payroll and Timekeeping Clerks Market Analysis
Relocation Context
Nominal Salary
$62,930
Gross Pay
Real Wage (Purchasing Power)
$62,930
Adjusted for COL (100)
The average annual salary of $62,930 in Chicago-Naperville-Elgin, IL-IN aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, providing a balanced financial landscape for residents.
Job Market Context
4,710
Total Jobs
1.052
Per 1K Jobs
1.03
Location Quotient
With a location quotient of 1.03, Chicago-Naperville-Elgin, IL-IN has a slightly higher-than-average concentration of Payroll and Timekeeping Clerks roles compared to the national norm.
A Location Quotient of 1.03 indicates that Payroll and Timekeeping Clerk roles are marginally more concentrated in the Chicago-Naperville-Elgin, IL-IN area compared to the national average. This suggests a healthy job market where demand is slightly elevated, potentially leading to more opportunities and competitive compensation for qualified individuals.
Nearby Job Markets
Nearby Cities for Payroll and Timekeeping Clerks
| City | Salary | Dist. |
|---|---|---|
| Michigan City-La Porte, IN Payroll and Timekeeping Clerks Salary | $51,130↓ 19% | 41 mi |
| Kenosha, WI Payroll and Timekeeping Clerks Salary | $54,230↓ 14% | 51 mi |
| Kankakee, IL Payroll and Timekeeping Clerks Salary | $56,320↓ 11% | 55 mi |
| Racine-Mount Pleasant, WI Payroll and Timekeeping Clerks Salary | $54,690↓ 13% | 59 mi |
| Niles, MI Payroll and Timekeeping Clerks Salary | $49,820↓ 21% | 71 mi |
Comparing salaries near Chicago-Naperville-Elgin, IL-IN
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Frequently Asked Questions
How much does a Payroll and Timekeeping Clerks make in Chicago-Naperville-Elgin, IL-IN?
The median annual salary for a Payroll and Timekeeping Clerks in Chicago-Naperville-Elgin, IL-IN is $62,930. This typically ranges from $43,830 for entry-level positions to $81,660 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Chicago-Naperville-Elgin, IL-IN is 11.7% higher than the national median of $56,360.
Is Chicago-Naperville-Elgin, IL-IN a lucrative place for Payroll and Timekeeping Clerks?
Yes, it offers competitive compensation.The average salary of $62,930 is notably higher than the national average, and the cost of living is on par with the national average, indicating strong purchasing power.
Is Chicago-Naperville-Elgin, IL-IN a good place to live for Payroll and Timekeeping Clerks?
The Cost of Living Index in Chicago-Naperville-Elgin, IL-IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Chicago-Naperville-Elgin, IL-IN?
Some top paying nearby cities include Michigan City-La Porte, IN ($51,130) and Kenosha, WI.
How does the local salary compare to the national average?
The average annual salary for Payroll and Timekeeping Clerks in Chicago-Naperville-Elgin, IL-IN is $62,930, which is higher than the national average of $56,360.
What is the concentration of Payroll and Timekeeping Clerks in this area?
The Location Quotient of 1.03 signifies that the concentration of Payroll and Timekeeping Clerks in Chicago-Naperville-Elgin, IL-IN is slightly above the national average, suggesting a robust presence in the job market.
How does the cost of living affect the salary?
With a Cost of Living Index of 100, the local cost of living is equivalent to the national average. Therefore, the higher nominal salary in Chicago translates to comparable or better real purchasing power.
What is the total number of Payroll and Timekeeping Clerks in the area?
There are approximately 4,710 Payroll and Timekeeping Clerks employed within the Chicago-Naperville-Elgin, IL-IN 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 4,710 employees in the Chicago-Naperville-Elgin, IL-IN area with a job density of 1.052 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 Chicago-Naperville-Elgin, IL-IN