Average Payroll and Timekeeping Clerks Salary in Knoxville, TN
In Knoxville, TN, Payroll and Timekeeping Clerks earn an average annual salary of $51,060. This figure is slightly below the national average of $56,360, reflecting localized economic factors and demand within the region. The specific pay rates in Knoxville are influenced by the local job market dynamics and the cost of living, which is at the national average.
Executive Summary
- Average Salary: $51,060 per year.
- Growth Trend: Salaries have shifted 19.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $68,420.
- Outlook: With a total local workforce of approximately 400 Payroll and Timekeeping Clerks, Knoxville presents a stable, albeit not exceptionally concentrated, job market for this profession. The Location Quotient of 0.95 indicates that the concentration of these roles in Knoxville is very close to the national average, suggesting a consistent demand that aligns with broader industry trends.
Salary Overview
The average Payroll and Timekeeping Clerks in Knoxville, TN earns-9.4%below the national average.
$24.6
$982
$4,255
Payroll and Timekeeping Clerks Salary Trends (2020-2024)
While specific historical data for Knoxville is not provided, it is reasonable to assume that salaries for Payroll and Timekeeping Clerks in the region have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing complexity of payroll systems, and the ongoing need for skilled professionals to manage these critical functions.
Payroll and Timekeeping Clerks Salary Distribution in Knoxville, TN
Career progression for Payroll and Timekeeping Clerks in Knoxville typically involves a significant salary increase with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior clerks with extensive experience and specialized knowledge can command salaries well above the average. The percentile gaps in salary distribution clearly signify opportunities for advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,000 | $18.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $38,295 | $18.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $49,220 | $23.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $63,825 | $30.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $68,420 | $32.9 |
Detailed Payroll and Timekeeping Clerks Market Analysis
Relocation Context
Nominal Salary
$51,060
Gross Pay
Real Wage (Purchasing Power)
$51,060
Adjusted for COL (100)
The average annual salary of $51,060 in Knoxville, TN, is directly comparable to the national average cost of living index of 100. This means that the purchasing power of a Payroll and Timekeeping Clerk's salary in Knoxville is effectively on par with the national average, indicating that the nominal salary provides a standard of living consistent with the rest of the country.
Job Market Context
400
Total Jobs
0.965
Per 1K Jobs
0.95
Location Quotient
Knoxville, TN has 0.95x 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 0.95 for Payroll and Timekeeping Clerks in Knoxville suggests that the job market for this role is nearly as concentrated as the national average. This indicates a healthy and competitive market where the number of available positions is well-balanced with the number of professionals, ensuring steady employment opportunities without excessive competition.
Nearby Job Markets
Nearby Cities for Payroll and Timekeeping Clerks
| City | Salary | Dist. |
|---|---|---|
| Morristown, TN Payroll and Timekeeping Clerks Salary | $47,230↓ 8% | 40 mi |
| Cleveland, TN Payroll and Timekeeping Clerks Salary | $49,120↓ 4% | 75 mi |
| Asheville, NC Payroll and Timekeeping Clerks Salary | $49,990↓ 2% | 83 mi |
| Kingsport-Bristol, TN-VA Payroll and Timekeeping Clerks Salary | $47,600↓ 7% | 87 mi |
| Johnson City, TN Payroll and Timekeeping Clerks Salary | $45,420↓ 11% | 91 mi |
Comparing salaries near Knoxville, TN
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Frequently Asked Questions
How much does a Payroll and Timekeeping Clerks make in Knoxville, TN?
The median annual salary for a Payroll and Timekeeping Clerks in Knoxville, TN is $51,060. This typically ranges from $38,000 for entry-level positions to $68,420 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Knoxville, TN is 9.4% lower than the national median of $56,360.
Is Knoxville, TN a lucrative place for Payroll and Timekeeping Clerks?
No, it is not exceptionally lucrative compared to the national average.While the average salary of $51,060 is competitive within the local market, it falls slightly below the national average of $56,360. However, the cost of living being at the national average means the salary offers standard purchasing power.
Is Knoxville, TN a good place to live for Payroll and Timekeeping Clerks?
The Cost of Living Index in Knoxville, TN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Knoxville, TN?
Some top paying nearby cities include Morristown, TN ($47,230) and Cleveland, TN.
How does the Knoxville job market compare to the national average for this role?
The job market in Knoxville is very similar to the national average, with a Location Quotient of 0.95, indicating a comparable concentration of Payroll and Timekeeping Clerk positions relative to the overall workforce.
What is the impact of the Cost of Living Index on salaries in Knoxville?
With a Cost of Living Index of 100, Knoxville's cost of living matches the national average. Therefore, the average salary of $51,060 offers a purchasing power equivalent to the national average.
How many Payroll and Timekeeping Clerks are there in Knoxville?
There are approximately 400 Payroll and Timekeeping Clerks employed in the Knoxville, TN area, representing about 0.965 jobs per 1,000 workers in the local economy.
Can experience significantly increase a Payroll and Timekeeping Clerk's salary in Knoxville?
Yes, experience is a key factor in salary progression. As clerks gain more experience and potentially specialize, their earning potential increases, moving them up the salary scale from entry-level to senior positions.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 400 employees in the Knoxville, TN area with a job density of 0.965 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 Knoxville, TN