Average Payroll and Timekeeping Clerks Salary in Madison, WI
Payroll and Timekeeping Clerks in Madison, WI, earn an average annual salary of $59,270, surpassing the national average of $56,360. This localized pay differential is often influenced by the specific economic demands and operational needs of businesses within the Madison metropolitan area, reflecting a tailored compensation strategy for these essential administrative roles.
Executive Summary
- Average Salary: $59,270 per year.
- Growth Trend: Salaries have shifted 25.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $78,330.
- Outlook: With a total local workforce of 420 Payroll and Timekeeping Clerks and a Location Quotient of 1.03, Madison exhibits a slightly higher concentration of these roles compared to the national average. This suggests a stable, albeit not exceptionally booming, demand for these professionals, indicating a robust job market that can support existing employment levels and offer consistent opportunities for skilled individuals.
Salary Overview
The average Payroll and Timekeeping Clerks in Madison, WI earns+5.2%above the national average.
$28.5
$1,140
$4,939
Payroll and Timekeeping Clerks Salary Trends (2020-2024)
While specific historical data for Madison's Payroll and Timekeeping Clerks is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic shifts and evolving business needs typically drive incremental increases in compensation for administrative support roles, ensuring that salaries remain competitive and reflective of the current market.
Payroll and Timekeeping Clerks Salary Distribution in Madison, WI
The career trajectory for Payroll and Timekeeping Clerks typically involves a significant salary increase with experience. Entry-level positions may start at a lower percentile, while senior or lead roles command higher salaries, reflecting increased responsibility and expertise. The gap between entry-level and senior compensation signifies clear opportunities for career progression and skill development within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,730 | $21 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $44,453 | $21.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $59,150 | $28.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $74,088 | $35.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $78,330 | $37.7 |
Detailed Payroll and Timekeeping Clerks Market Analysis
Relocation Context
Nominal Salary
$59,270
Gross Pay
Real Wage (Purchasing Power)
$59,270
Adjusted for COL (100)
The nominal average salary of $59,270 in Madison, WI, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This indicates that the purchasing power of a Payroll and Timekeeping Clerk's salary in Madison is equivalent to the national standard, meaning that while the pay is slightly higher than the national average, the cost of living does not inflate expenses disproportionately.
Job Market Context
420
Total Jobs
1.046
Per 1K Jobs
1.03
Location Quotient
With a location quotient of 1.03, Madison, WI has a slightly higher-than-average concentration of Payroll and Timekeeping Clerks roles compared to the national norm.
A Location Quotient of 1.03 for Payroll and Timekeeping Clerks in Madison signifies a job market that is very close to the national average in terms of concentration. This suggests a balanced environment where the demand for these roles is neither significantly higher nor lower than elsewhere, implying a moderately competitive landscape for job seekers and employers alike.
Nearby Job Markets
Nearby Cities for Payroll and Timekeeping Clerks
| City | Salary | Dist. |
|---|---|---|
| Janesville-Beloit, WI Payroll and Timekeeping Clerks Salary | $53,280↓ 10% | 33 mi |
| Rockford, IL Payroll and Timekeeping Clerks Salary | $54,920↓ 7% | 59 mi |
| Fond du Lac, WI Payroll and Timekeeping Clerks Salary | $58,390↓ 1% | 68 mi |
| Milwaukee-Waukesha, WI Payroll and Timekeeping Clerks Salary | $57,780↓ 3% | 72 mi |
| Oshkosh-Neenah, WI Payroll and Timekeeping Clerks Salary | $59,470↑ 0% | 77 mi |
Comparing salaries near Madison, WI
Hiring Payroll and Timekeeping Clerkss?
Frequently Asked Questions
How much does a Payroll and Timekeeping Clerks make in Madison, WI?
The median annual salary for a Payroll and Timekeeping Clerks in Madison, WI is $59,270. This typically ranges from $43,730 for entry-level positions to $78,330 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Madison, WI is 5.2% higher than the national median of $56,360.
Is Madison, WI a lucrative place for Payroll and Timekeeping Clerks?
Yes, Madison, WI offers a slightly above-average earning potential for Payroll and Timekeeping Clerks.The average salary of $59,270 is higher than the national average, and the cost of living is on par with the national average, indicating good purchasing power.
Is Madison, WI a good place to live for Payroll and Timekeeping Clerks?
The Cost of Living Index in Madison, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Madison, WI?
Some top paying nearby cities include Janesville-Beloit, WI ($53,280) and Rockford, IL.
How does Madison's Payroll Clerk salary compare to the national average?
Payroll and Timekeeping Clerks in Madison, WI, earn an average of $59,270 annually, which is approximately $2,910 more than the national average of $56,360.
What is the concentration of Payroll and Timekeeping Clerks in Madison, WI?
Madison has a slightly higher concentration of Payroll and Timekeeping Clerks than the national average, indicated by a Location Quotient of 1.03.
Does the cost of living in Madison affect the value of the salary?
No, the cost of living in Madison is exactly at the national average (100), meaning the higher nominal salary translates directly to equivalent purchasing power compared to the national average.
How many Payroll and Timekeeping Clerks are there in Madison, WI?
There are approximately 420 Payroll and Timekeeping Clerks employed in the Madison, WI area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 420 employees in the Madison, WI area with a job density of 1.046 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Payroll and Timekeeping Clerks Salaries by State
Top Jobs in Madison, WI
- All Occupations Salary in Madison, WI
- Office and Administrative Support Occupations Salary in Madison, WI
- Sales and Related Occupations Salary in Madison, WI
- Food Preparation and Serving Related Occupations Salary in Madison, WI
- Business and Financial Operations Occupations Salary in Madison, WI
- Transportation and Material Moving Occupations Salary in Madison, WI
- Healthcare Practitioners and Technical Occupations Salary in Madison, WI
- Educational Instruction and Library Occupations Salary in Madison, WI
- Production Occupations Salary in Madison, WI
- Management Occupations Salary in Madison, WI
- Browse All Jobs in Madison, WI →
Semantic Salary Analysis for Payroll and Timekeeping Clerks • Data source: BLS OEWS 2024 •Jobs in Madison, WI