Average Payroll and Timekeeping Clerks Salary in Eastern New Mexico nonmetropolitan area
In the Eastern New Mexico nonmetropolitan area, Payroll and Timekeeping Clerks earn an average annual salary of $56,090. This figure is remarkably close to the national average of $56,360, indicating a stable compensation landscape. The specific economic drivers and demand within this region play a crucial role in aligning local pay rates with national benchmarks.
Executive Summary
- Average Salary: $56,090 per year.
- Growth Trend: Salaries have shifted 31.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $68,620.
- Outlook: The job market for Payroll and Timekeeping Clerks in Eastern New Mexico appears moderately robust, with a local workforce of 230 professionals. The Location Quotient of 1.35 suggests a slightly higher concentration of these roles compared to the national average, implying a steady, albeit not explosive, demand for these essential administrative functions within the region's economy.
Salary Overview
The average Payroll and Timekeeping Clerks in Eastern New Mexico nonmetropolitan area earns-0.5%below the national average.
$27
$1,079
$4,674
Payroll and Timekeeping Clerks Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to assume that salaries for Payroll and Timekeeping Clerks in Eastern New Mexico have experienced gradual growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing complexity of payroll regulations, and the ongoing need for skilled professionals to manage financial administration.
Payroll and Timekeeping Clerks Salary Distribution in Eastern New Mexico nonmetropolitan area
Career progression for Payroll and Timekeeping Clerks typically involves a salary increase with experience. Entry-level positions might start at a lower percentile, while senior clerks with extensive knowledge of complex payroll systems and compliance can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies a clear path for career advancement and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,180 | $19.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $42,068 | $20.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $58,240 | $28 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $70,113 | $33.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $68,620 | $33 |
Detailed Payroll and Timekeeping Clerks Market Analysis
Relocation Context
Nominal Salary
$56,090
Gross Pay
Real Wage (Purchasing Power)
$56,090
Adjusted for COL (100)
With an average annual salary of $56,090 and a Cost of Living Index of 100, the nominal income in Eastern New Mexico nonmetropolitan area holds its purchasing power precisely at the national average. This means that the $56,090 earned locally will afford a lifestyle comparable to earning the national average salary in a location with a national average cost of living.
Job Market Context
230
Total Jobs
1.378
Per 1K Jobs
1.35
Location Quotient
With a location quotient of 1.35, Eastern New Mexico nonmetropolitan area has a slightly higher-than-average concentration of Payroll and Timekeeping Clerks roles compared to the national norm.
The Location Quotient of 1.35 for Payroll and Timekeeping Clerks in Eastern New Mexico indicates a concentration of these roles that is 35% higher than the national average. This suggests that the job market in this region is relatively more abundant with these positions compared to other occupations, potentially offering more opportunities for job seekers or a more competitive environment for employers.
Nearby Job Markets
Nearby Cities for Payroll and Timekeeping Clerks
| City | Salary | Dist. |
|---|---|---|
| Albuquerque, NM Payroll and Timekeeping Clerks Salary | $55,130↓ 2% | 29 mi |
| Santa Fe, NM Payroll and Timekeeping Clerks Salary | $52,840↓ 6% | 59 mi |
Comparing salaries near Eastern New Mexico nonmetropolitan area
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Frequently Asked Questions
How much does a Payroll and Timekeeping Clerks make in Eastern New Mexico nonmetropolitan area?
The median annual salary for a Payroll and Timekeeping Clerks in Eastern New Mexico nonmetropolitan area is $56,090. This typically ranges from $40,180 for entry-level positions to $68,620 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Eastern New Mexico nonmetropolitan area is 0.5% lower than the national median of $56,360.
Is Eastern New Mexico nonmetropolitan area a lucrative place for Payroll and Timekeeping Clerks?
Yes, it offers competitive compensation.The average salary of $56,090 is on par with the national average, and the cost of living is also at the national average, ensuring strong purchasing power. The higher-than-average concentration of these roles (LQ of 1.35) suggests consistent demand.
Is Eastern New Mexico nonmetropolitan area a good place to live for Payroll and Timekeeping Clerks?
The Cost of Living Index in Eastern New Mexico nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Eastern New Mexico nonmetropolitan area?
Some top paying nearby cities include Albuquerque, NM ($55,130) and Santa Fe, NM.
How does the salary compare to the national average?
The average annual salary for Payroll and Timekeeping Clerks in Eastern New Mexico is $56,090, which is very close to the national average of $56,360.
What is the Cost of Living in Eastern New Mexico compared to the nation?
The Cost of Living Index in Eastern New Mexico is 100, which is exactly the national average, meaning the cost of goods and services is neither higher nor lower than the typical U.S. location.
Is there a high demand for Payroll and Timekeeping Clerks in this area?
With a Location Quotient of 1.35, the concentration of these jobs is higher than the national average, suggesting a relatively strong demand for these professionals in the region.
How many Payroll and Timekeeping Clerks work in Eastern New Mexico?
There are approximately 230 Payroll and Timekeeping Clerks employed in the Eastern New Mexico nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Eastern New Mexico nonmetropolitan area area with a job density of 1.378 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 Eastern New Mexico nonmetropolitan area