Average Payroll and Timekeeping Clerks Salary in Farmington, NM
The average salary for a Payroll and Timekeeping Clerks in Farmington, NM is $51,650. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $51,650 per year.
- Growth Trend: Salaries have shifted 22.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $66,250.
- Outlook: The current demand for Payroll and Timekeeping Clerkss is stable, with a local workforce of approximately 40 professionals. This role remains a specialized component of the broader Farmington, NM economy.
Salary Overview
The average Payroll and Timekeeping Clerks in Farmington, NM earns-8.4%below the national average.
$24.8
$993
$4,304
Payroll and Timekeeping Clerks Salary Trends (2020-2024)
Over the past 4 years, Payroll and Timekeeping Clerks salaries in Farmington, NM have experienced a rapid surge, growing by 22.9%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Payroll and Timekeeping Clerks Salary Distribution in Farmington, NM
The earning potential for Payroll and Timekeeping Clerkss in Farmington, NM varies significantly by experience level. The salary gap is relatively narrow, suggesting consistent and predictable earnings from entry-level to senior positions. Entry-level roles (10th percentile) typically start around $38,600, while highly experienced professionals can command wages upwards of $66,250.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,600 | $18.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $38,738 | $18.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $50,850 | $24.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $64,563 | $31 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $66,250 | $31.9 |
Detailed Payroll and Timekeeping Clerks Market Analysis
Relocation Context
Nominal Salary
$51,650
Gross Pay
Real Wage (Purchasing Power)
$51,650
Adjusted for COL (100)
In Farmington, NM, the Cost of Living Index is 100. This increases your effective purchasing power from $51,650 to $51,650.
Job Market Context
40
Total Jobs
0.947
Per 1K Jobs
0.93
Location Quotient
Farmington, NM has 0.93x 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.
40 people work as Payroll and Timekeeping Clerks in Farmington, NM.
Only 0.947 out of every 1,000 local jobs are Payroll and Timekeeping Clerks roles — this is a niche profession in the area.
Nearby Job Markets
Hiring Payroll and Timekeeping Clerkss?
Frequently Asked Questions
How much does a Payroll and Timekeeping Clerks make in Farmington, NM?
The median annual salary for a Payroll and Timekeeping Clerks in Farmington, NM is $51,650. This typically ranges from $38,600 for entry-level positions to $66,250 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Farmington, NM is 8.4% lower than the national median of $56,360.
Is Farmington, NM a good place for Payroll and Timekeeping Clerkss?
It depends on your priorities. While the average Payroll and Timekeeping Clerks salary in Farmington, NM is $51,650 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Farmington, NM. See distinct detailed breakdown below.
Is Farmington, NM a good place to live for Payroll and Timekeeping Clerks?
The Cost of Living Index in Farmington, NM is 100. While higher than average, this often correlates with higher wages.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 40 employees in the Farmington, NM area with a job density of 0.947 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 Farmington, NM