Average Payroll and Timekeeping Clerks Salary in Colorado Springs, CO
Payroll and Timekeeping Clerks in Colorado Springs, CO, earn an average annual salary of $58,750. This figure slightly surpasses the national average of $56,360, indicating a competitive local market. Factors such as the specific industry mix and demand within the Colorado Springs metropolitan area contribute to this favorable compensation.
Executive Summary
- Average Salary: $58,750 per year.
- Growth Trend: Salaries have shifted 24.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $81,080.
- Outlook: With a local workforce of 290 Payroll and Timekeeping Clerks and a Location Quotient of 0.91, the job market in Colorado Springs shows a stable, albeit slightly below national average, concentration of these roles. The presence of nearly one job per thousand workers suggests consistent, though not exceptionally high, demand for these essential administrative functions within the region's economy.
Salary Overview
The average Payroll and Timekeeping Clerks in Colorado Springs, CO earns+4.2%above the national average.
$28.2
$1,130
$4,896
Payroll and Timekeeping Clerks Salary Trends (2020-2024)
While specific historical data for this role in Colorado Springs is not provided, it is reasonable to assume a general upward trend in salaries for Payroll and Timekeeping Clerks over the past four years, mirroring national trends. Economic growth and inflation typically drive compensation increases, ensuring that these vital positions remain attractive to the workforce.
Payroll and Timekeeping Clerks Salary Distribution in Colorado Springs, CO
Salary progression for Payroll and Timekeeping Clerks in Colorado Springs typically correlates with experience. Entry-level positions might start closer to the lower percentiles, while senior clerks with extensive experience and specialized skills can command salaries in the higher percentiles. The widening gap between entry-level and senior roles signifies clear career advancement opportunities within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $42,600 | $20.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $44,063 | $21.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $55,230 | $26.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $73,438 | $35.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $81,080 | $39 |
Detailed Payroll and Timekeeping Clerks Market Analysis
Relocation Context
Nominal Salary
$58,750
Gross Pay
Real Wage (Purchasing Power)
$58,750
Adjusted for COL (100)
The average annual salary of $58,750 in Colorado Springs aligns perfectly with the local 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 Colorado Springs is equivalent to the national average, offering a stable financial footing for residents.
Job Market Context
290
Total Jobs
0.924
Per 1K Jobs
0.91
Location Quotient
Colorado Springs, CO has 0.91x 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.
A Location Quotient of 0.91 indicates that Payroll and Timekeeping Clerk roles are slightly less concentrated in Colorado Springs compared to the national average. This suggests a moderately competitive market where employers may need to offer competitive salaries to attract and retain talent, though the demand is not exceptionally high relative to other professions.
Nearby Job Markets
Nearby Cities for Payroll and Timekeeping Clerks
| City | Salary | Dist. |
|---|---|---|
| Northwest Colorado nonmetropolitan area Payroll and Timekeeping Clerks Salary | $58,930↑ 0% | 32 mi |
| Southwest Colorado nonmetropolitan area Payroll and Timekeeping Clerks Salary | $53,720↓ 9% | 32 mi |
| Eastern and Southern Colorado nonmetropolitan area Payroll and Timekeeping Clerks Salary | $51,200↓ 13% | 32 mi |
| Pueblo, CO Payroll and Timekeeping Clerks Salary | $55,350↓ 6% | 42 mi |
| Denver-Aurora-Centennial, CO Payroll and Timekeeping Clerks Salary | $63,830↑ 9% | 62 mi |
Comparing salaries near Colorado Springs, CO
Hiring Payroll and Timekeeping Clerkss?
Frequently Asked Questions
How much does a Payroll and Timekeeping Clerks make in Colorado Springs, CO?
The median annual salary for a Payroll and Timekeeping Clerks in Colorado Springs, CO is $58,750. This typically ranges from $42,600 for entry-level positions to $81,080 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Colorado Springs, CO is 4.2% higher than the national median of $56,360.
Is Colorado Springs, CO a lucrative place for Payroll and Timekeeping Clerks?
Yes, Colorado Springs offers a competitive salary for Payroll and Timekeeping Clerks.The average salary of $58,750 is above the national average, and the cost of living is exactly at the national average, providing good purchasing power.
Is Colorado Springs, CO a good place to live for Payroll and Timekeeping Clerks?
The Cost of Living Index in Colorado Springs, CO is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Colorado Springs, CO?
Some top paying nearby cities include Northwest Colorado nonmetropolitan area ($58,930) and Southwest Colorado nonmetropolitan area.
How does the Colorado Springs salary compare to the national average?
The average annual salary for Payroll and Timekeeping Clerks in Colorado Springs is $58,750, which is slightly higher than the national average of $56,360.
What is the Cost of Living in Colorado Springs?
Colorado Springs has a Cost of Living Index of 100, which is exactly the national average, meaning it is neither significantly more nor less expensive to live there compared to the rest of the US.
How concentrated are Payroll and Timekeeping Clerk jobs in Colorado Springs?
The Location Quotient of 0.91 suggests that Payroll and Timekeeping Clerk jobs are slightly less concentrated in Colorado Springs than the national average, indicating a stable but not overly saturated market.
What does the number of jobs per 1,000 workers indicate?
With 0.924 jobs per 1,000 workers, it shows a consistent presence of Payroll and Timekeeping Clerk roles within the local labor force, reflecting ongoing demand for these positions.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 290 employees in the Colorado Springs, CO area with a job density of 0.924 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Payroll and Timekeeping Clerks Salaries by State
Top Jobs in Colorado Springs, CO
- All Occupations Salary in Colorado Springs, CO
- Office and Administrative Support Occupations Salary in Colorado Springs, CO
- Food Preparation and Serving Related Occupations Salary in Colorado Springs, CO
- Sales and Related Occupations Salary in Colorado Springs, CO
- Business and Financial Operations Occupations Salary in Colorado Springs, CO
- Transportation and Material Moving Occupations Salary in Colorado Springs, CO
- Healthcare Practitioners and Technical Occupations Salary in Colorado Springs, CO
- Educational Instruction and Library Occupations Salary in Colorado Springs, CO
- Computer and Mathematical Occupations Salary in Colorado Springs, CO
- Healthcare Support Occupations Salary in Colorado Springs, CO
- Browse All Jobs in Colorado Springs, CO →
Semantic Salary Analysis for Payroll and Timekeeping Clerks • Data source: BLS OEWS 2024 •Jobs in Colorado Springs, CO