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Average Payroll and Timekeeping Clerks Salary in Denver-Aurora-Centennial, CO

In the Denver-Aurora-Centennial, CO metropolitan area, Payroll and Timekeeping Clerks earn an average annual salary of $63,830. This figure notably surpasses the national average of $56,360, indicating a localized premium for these essential administrative roles. Factors such as the regional economic landscape and demand within the local business community likely contribute to this elevated compensation.

Executive Summary

  • Average Salary: $63,830 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $82,570.
  • Outlook: The Denver-Aurora-Centennial area supports a workforce of 1,620 Payroll and Timekeeping Clerks. With a Location Quotient of 0.98, the concentration of these roles is nearly on par with the national average, suggesting a stable and consistent demand for professionals in this field. The presence of over one job per thousand workers further underscores the steady employment opportunities available.
2024 Market Data

Salary Overview

$63,830

The average Payroll and Timekeeping Clerks in Denver-Aurora-Centennial, CO earns+13.3%above the national average.

BreakdownBased on 40h/week
Hourly

$30.7

Weekly

$1,228

Monthly

$5,319

Payroll and Timekeeping Clerks Salary Distribution in Denver-Aurora-Centennial, CO

Career progression for Payroll and Timekeeping Clerks in Denver-Aurora-Centennial typically involves a salary increase with experience. Entry-level positions might start closer to the lower percentiles, while senior clerks with extensive knowledge of payroll systems and compliance can command salaries in the upper percentiles. These percentile gaps highlight significant earning potential as professionals advance their careers.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$46,820$22.5
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$47,873$23
ManagerOversees team, compliance, and project delivery.50% (Median)$61,410$29.5
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$79,788$38.4
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$82,570$39.7

Detailed Payroll and Timekeeping Clerks Market Analysis

Relocation Context

Nominal Salary

$63,830

Gross Pay

Real Wage (Purchasing Power)

$63,830

Adjusted for COL (100)

The average annual salary of $63,830 in Denver-Aurora-Centennial aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that the nominal salary offers purchasing power equivalent to the national average, suggesting that the higher pay is balanced by the cost of living in the area.

Job Market Context

1,620

Total Jobs

1.002

Per 1K Jobs

0.98

Location Quotient

Below Average

Denver-Aurora-Centennial, CO has 0.98x 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 0.98, the job market for Payroll and Timekeeping Clerks in Denver-Aurora-Centennial is highly representative of the national landscape. This indicates a balanced market where the number of available positions closely matches the national proportion of the workforce, suggesting neither an oversupply nor a significant shortage of talent.

Nearby Job Markets

Nearby Cities for Payroll and Timekeeping Clerks

CitySalaryDist.
Boulder, CO Payroll and Timekeeping Clerks Salary$67,270↑ 5%27 mi
Greeley, CO Payroll and Timekeeping Clerks Salary$56,400↓ 12%45 mi
Northwest Colorado nonmetropolitan area Payroll and Timekeeping Clerks Salary$58,930↓ 8%54 mi
Southwest Colorado nonmetropolitan area Payroll and Timekeeping Clerks Salary$53,720↓ 16%54 mi
Eastern and Southern Colorado nonmetropolitan area Payroll and Timekeeping Clerks Salary$51,200↓ 20%54 mi

Comparing salaries near Denver-Aurora-Centennial, CO

Hiring Payroll and Timekeeping Clerkss?

Frequently Asked Questions

How much does a Payroll and Timekeeping Clerks make in Denver-Aurora-Centennial, CO?

The median annual salary for a Payroll and Timekeeping Clerks in Denver-Aurora-Centennial, CO is $63,830. This typically ranges from $46,820 for entry-level positions to $82,570 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Denver-Aurora-Centennial, CO is 13.3% higher than the national median of $56,360.

Is Denver-Aurora-Centennial, CO a lucrative place for Payroll and Timekeeping Clerks?

Yes, Denver-Aurora-Centennial, CO offers a lucrative environment for Payroll and Timekeeping Clerks.The average salary of $63,830 significantly exceeds the national average, and the cost of living is at the national benchmark, indicating strong earning potential.

Is Denver-Aurora-Centennial, CO a good place to live for Payroll and Timekeeping Clerks?

The Cost of Living Index in Denver-Aurora-Centennial, CO is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Denver-Aurora-Centennial, CO?

Some top paying nearby cities include Boulder, CO ($67,270) and Greeley, CO.

How does the Denver-Aurora-Centennial salary compare to the national average?

The average salary for Payroll and Timekeeping Clerks in Denver-Aurora-Centennial is $63,830, which is higher than the national average of $56,360.

What is the concentration of Payroll and Timekeeping Clerk jobs in Denver-Aurora-Centennial?

The concentration, measured by the Location Quotient, is 0.98, indicating that the proportion of these jobs in the local workforce is very close to the national average.

Does the cost of living affect the purchasing power of a Payroll and Timekeeping Clerk's salary in Denver-Aurora-Centennial?

No, the cost of living index is 100, which is the national average. Therefore, the salary of $63,830 provides purchasing power equivalent to the national average.

How many Payroll and Timekeeping Clerks are employed in the Denver-Aurora-Centennial area?

There are approximately 1,620 Payroll and Timekeeping Clerks employed within the Denver-Aurora-Centennial 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 1,620 employees in the Denver-Aurora-Centennial, CO area with a job density of 1.002 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Denver-Aurora-Centennial, CO

Semantic Salary Analysis for Payroll and Timekeeping Clerks • Data source: BLS OEWS 2024 •Jobs in Denver-Aurora-Centennial, CO