Average Payroll and Timekeeping Clerks Salary in Lafayette, LA
In Lafayette, LA, Payroll and Timekeeping Clerks earn an average annual salary of $51,760. This figure is slightly below the national average of $56,360, a common occurrence in markets where local economic factors and demand dynamics influence compensation. The specific pay rates in Lafayette are a reflection of the regional job market's unique supply and demand equilibrium for these essential administrative roles.
Executive Summary
- Average Salary: $51,760 per year.
- Growth Trend: Salaries have shifted 22.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $67,460.
- Outlook: Lafayette, LA, supports a dedicated workforce of 220 Payroll and Timekeeping Clerks. With a Location Quotient of 1.21, this indicates a concentration of these roles that is 21% higher than the national average. This suggests a robust local demand and a potentially stable job market for professionals in this field within the region.
Salary Overview
The average Payroll and Timekeeping Clerks in Lafayette, LA earns-8.2%below the national average.
$24.9
$995
$4,313
Payroll and Timekeeping Clerks Salary Trends (2020-2024)
While specific historical data for Lafayette is not provided, it is reasonable to assume that salaries for Payroll and Timekeeping Clerks in the region have experienced gradual growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for skilled administrative support, and the evolving complexity of payroll regulations.
Payroll and Timekeeping Clerks Salary Distribution in Lafayette, LA
Career progression for Payroll and Timekeeping Clerks in Lafayette, LA, is typically marked by increasing salary potential. Entry-level positions might start closer to the lower end of the pay scale, while experienced professionals with specialized skills or those in senior or supervisory roles can command significantly higher salaries, reflecting their expanded responsibilities and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,230 | $16.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $38,820 | $18.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $49,200 | $23.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $64,700 | $31.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $67,460 | $32.4 |
Detailed Payroll and Timekeeping Clerks Market Analysis
Relocation Context
Nominal Salary
$51,760
Gross Pay
Real Wage (Purchasing Power)
$51,760
Adjusted for COL (100)
The average annual salary of $51,760 in Lafayette, LA, aligns perfectly with the local Cost of Living Index of 100, which is equivalent to the national average. This means that the purchasing power of a Payroll and Timekeeping Clerk's salary in Lafayette is comparable to that of their counterparts across the United States, offering a stable financial standing relative to everyday expenses.
Job Market Context
220
Total Jobs
1.233
Per 1K Jobs
1.21
Location Quotient
With a location quotient of 1.21, Lafayette, LA has a slightly higher-than-average concentration of Payroll and Timekeeping Clerks roles compared to the national norm.
The Location Quotient of 1.21 for Payroll and Timekeeping Clerks in Lafayette, LA, signifies a notable concentration of these jobs compared to the national landscape. This suggests that the job market in Lafayette is relatively more focused on this profession, potentially offering more opportunities or a more competitive environment for job seekers and employers alike.
Nearby Job Markets
Nearby Cities for Payroll and Timekeeping Clerks
| City | Salary | Dist. |
|---|---|---|
| Baton Rouge, LA Payroll and Timekeeping Clerks Salary | $55,790↑ 8% | 56 mi |
| Southwest Louisiana nonmetropolitan area Payroll and Timekeeping Clerks Salary | $47,740↓ 8% | 67 mi |
| Central Louisiana nonmetropolitan area Payroll and Timekeeping Clerks Salary | $49,040↓ 5% | 67 mi |
| Northeast Louisiana nonmetropolitan area Payroll and Timekeeping Clerks Salary | $45,660↓ 12% | 67 mi |
| Lake Charles, LA Payroll and Timekeeping Clerks Salary | $49,280↓ 5% | 70 mi |
Comparing salaries near Lafayette, LA
Hiring Payroll and Timekeeping Clerkss?
Frequently Asked Questions
How much does a Payroll and Timekeeping Clerks make in Lafayette, LA?
The median annual salary for a Payroll and Timekeeping Clerks in Lafayette, LA is $51,760. This typically ranges from $35,230 for entry-level positions to $67,460 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lafayette, LA is 8.2% lower than the national median of $56,360.
Is Lafayette, LA a lucrative place for Payroll and Timekeeping Clerks?
Moderately so, with stable purchasing power.While the average salary of $51,760 is below the national average, the cost of living in Lafayette is also at the national average. This balance means your earnings will likely maintain similar purchasing power to other regions.
Is Lafayette, LA a good place to live for Payroll and Timekeeping Clerks?
The Cost of Living Index in Lafayette, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lafayette, LA?
Some top paying nearby cities include Baton Rouge, LA ($55,790) and Southwest Louisiana nonmetropolitan area.
How does Lafayette's Payroll Clerk salary compare to the national average?
The average annual salary for Payroll and Timekeeping Clerks in Lafayette, LA, is $51,760, which is approximately 8% lower than the national average of $56,360.
What is the concentration of Payroll and Timekeeping Clerks in Lafayette, LA?
Lafayette, LA has a Location Quotient of 1.21 for this role, indicating that the profession is 21% more concentrated than the national average, suggesting a higher relative demand.
Does the cost of living affect the value of a Payroll Clerk's salary in Lafayette?
No, the cost of living in Lafayette is exactly at the national average (index of 100), meaning the $51,760 salary offers purchasing power equivalent to the national average.
How many Payroll and Timekeeping Clerks are there in Lafayette, LA?
There are approximately 220 Payroll and Timekeeping Clerks employed in the Lafayette, LA area, representing 1.233 jobs per 1,000 workers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Lafayette, LA area with a job density of 1.233 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 Lafayette, LA