Average Payroll and Timekeeping Clerks Salary in Fort Wayne, IN
Payroll and Timekeeping Clerks in Fort Wayne, IN, earn an average annual salary of $49,620. This figure is notably below the national average of $56,360, reflecting localized economic factors and demand within the region. While the pay may differ from national benchmarks, understanding these local dynamics is crucial for professionals in this field.
Executive Summary
- Average Salary: $49,620 per year.
- Growth Trend: Salaries have shifted 21.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $64,270.
- Outlook: Fort Wayne's market for Payroll and Timekeeping Clerks shows a moderate concentration, indicated by a Location Quotient of 1.33, suggesting a slightly higher presence of these roles compared to the national average. With a total local workforce of 300 in this specific role, the demand appears stable, offering a consistent, albeit not rapidly expanding, job environment for professionals.
Salary Overview
The average Payroll and Timekeeping Clerks in Fort Wayne, IN earns-12.0%below the national average.
$23.9
$954
$4,135
Payroll and Timekeeping Clerks Salary Trends (2020-2024)
While specific historical data for Fort Wayne's Payroll and Timekeeping Clerk salaries over the past four years is not provided, it's reasonable to assume a general upward trend mirroring national wage growth. Economic shifts and inflation typically drive incremental salary increases, suggesting that compensation for these roles has likely seen modest gains, aiming to keep pace with the cost of living and evolving market demands.
Payroll and Timekeeping Clerks Salary Distribution in Fort Wayne, IN
The career trajectory for Payroll and Timekeeping Clerks in Fort Wayne, IN, typically involves salary progression tied to experience and skill development. Entry-level positions may start closer to the lower end of the pay scale, while senior clerks with specialized knowledge or supervisory responsibilities can command significantly higher salaries. The percentile gaps in earnings highlight clear opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,490 | $17.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $37,215 | $17.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $48,180 | $23.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $62,025 | $29.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $64,270 | $30.9 |
Detailed Payroll and Timekeeping Clerks Market Analysis
Relocation Context
Nominal Salary
$49,620
Gross Pay
Real Wage (Purchasing Power)
$49,620
Adjusted for COL (100)
The average annual salary of $49,620 in Fort Wayne, IN, aligns precisely with the national average cost of living, as indicated by the Cost of Living Index of 100. This means that the purchasing power of a Payroll and Timekeeping Clerk's salary in Fort Wayne is equivalent to the national average, offering a balanced lifestyle without significant financial strain related to living expenses.
Job Market Context
300
Total Jobs
1.354
Per 1K Jobs
1.33
Location Quotient
With a location quotient of 1.33, Fort Wayne, IN has a slightly higher-than-average concentration of Payroll and Timekeeping Clerks roles compared to the national norm.
With a Location Quotient of 1.33, Fort Wayne, IN, exhibits a slightly higher concentration of Payroll and Timekeeping Clerks than the national average. This suggests a healthy, established market for these professionals, indicating a steady demand that supports the local workforce size. While not an exceptionally competitive market, the concentration implies that employers are actively seeking individuals with these essential skills.
Nearby Job Markets
Nearby Cities for Payroll and Timekeeping Clerks
| City | Salary | Dist. |
|---|---|---|
| Lima, OH Payroll and Timekeeping Clerks Salary | $48,260↓ 3% | 59 mi |
| Elkhart-Goshen, IN Payroll and Timekeeping Clerks Salary | $53,660↑ 8% | 59 mi |
| Muncie, IN Payroll and Timekeeping Clerks Salary | $43,690↓ 12% | 63 mi |
| South Bend-Mishawaka, IN-MI Payroll and Timekeeping Clerks Salary | $49,780↑ 0% | 71 mi |
Comparing salaries near Fort Wayne, IN
Hiring Payroll and Timekeeping Clerkss?
Frequently Asked Questions
How much does a Payroll and Timekeeping Clerks make in Fort Wayne, IN?
The median annual salary for a Payroll and Timekeeping Clerks in Fort Wayne, IN is $49,620. This typically ranges from $35,490 for entry-level positions to $64,270 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fort Wayne, IN is 12.0% lower than the national median of $56,360.
Is Fort Wayne, IN a lucrative place for Payroll and Timekeeping Clerks?
No, it is not exceptionally lucrative compared to the national average.The average salary of $49,620 is below the national average of $56,360. However, the cost of living is also at the national average, meaning purchasing power is maintained.
Is Fort Wayne, IN a good place to live for Payroll and Timekeeping Clerks?
The Cost of Living Index in Fort Wayne, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fort Wayne, IN?
Some top paying nearby cities include Lima, OH ($48,260) and Elkhart-Goshen, IN.
How does Fort Wayne's Payroll Clerk salary compare to the national average?
The average annual salary for Payroll and Timekeeping Clerks in Fort Wayne, IN, is $49,620, which is lower than the national average of $56,360.
What is the cost of living in Fort Wayne, IN for these clerks?
Fort Wayne, IN, has a Cost of Living Index of 100, which is exactly the national average. This means your salary has average purchasing power.
Is there high demand for Payroll and Timekeeping Clerks in Fort Wayne?
The Location Quotient of 1.33 indicates a slightly higher concentration of these roles than the national average, suggesting a stable and present demand within the local job market.
How many Payroll and Timekeeping Clerks are there in Fort Wayne?
There are approximately 300 Payroll and Timekeeping Clerks employed in Fort Wayne, IN, representing 1.354 jobs per 1,000 workers in the general workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 300 employees in the Fort Wayne, IN area with a job density of 1.354 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 Fort Wayne, IN