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Average Payroll and Timekeeping Clerks Salary in Maine

In Maine, Payroll and Timekeeping Clerks earn an average annual salary of $56,280, a figure that aligns closely with the national average of $56,360. This parity suggests that while the specific demand within Maine may differ, the overall compensation structure for this role remains consistent across the country. Local economic factors and the specific needs of Maine's industries play a role in maintaining this equilibrium.

Executive Summary

  • Average Salary: $56,280 per year.
  • Growth Trend: Salaries have shifted 30.9% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $74,350.
  • Outlook: With a local workforce of 510 Payroll and Timekeeping Clerks, Maine presents a stable, albeit not exceptionally concentrated, job market for this profession. The Location Quotient of 0.78 indicates a slightly lower concentration of these roles compared to the national average, suggesting a moderate level of demand that is met by the existing workforce. The presence of nearly one such professional per thousand workers underscores the essential nature of these roles within the state's economy.
2024 Market Data

Salary Overview

$56,280

The average Payroll and Timekeeping Clerks in Maine earns-0.1%below the national average.

BreakdownBased on 40h/week
Hourly

$27.1

Weekly

$1,082

Monthly

$4,690

Payroll and Timekeeping Clerks Salary Distribution in Maine

The career trajectory for Payroll and Timekeeping Clerks in Maine, as elsewhere, typically involves a significant salary increase with experience. Entry-level positions may start at the lower end of the pay scale, while seasoned professionals with specialized skills and a proven track record can command substantially higher salaries. The percentile gaps in earnings clearly signify career progression, rewarding accumulated knowledge and responsibility.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$40,470$19.5
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$42,210$20.3
ManagerOversees team, compliance, and project delivery.50% (Median)$53,110$25.5
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$70,350$33.8
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$74,350$35.7

Detailed Payroll and Timekeeping Clerks Market Analysis

Relocation Context

Nominal Salary

$56,280

Gross Pay

Real Wage (Purchasing Power)

$50,475

Adjusted for COL (111.5)

A nominal salary of $56,280 in Maine needs to be considered against the state's Cost of Living Index of 111.5, which is 11.5% higher than the national average. This means that while the salary is on par with the national average, the purchasing power of that income is slightly diminished due to the higher cost of goods and services in Maine. Prospective employees should factor this into their financial planning.

Job Market Context

510

Total Jobs

0.795

Per 1K Jobs

0.78

Location Quotient

Below Average

Maine has 0.78x 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.

The Location Quotient of 0.78 for Payroll and Timekeeping Clerks in Maine indicates that this profession is slightly less concentrated than the national average. This suggests that while the role is present and necessary, the market may not be saturated, potentially offering a stable environment for skilled professionals. It implies a balanced supply and demand, where opportunities exist without intense competition.

Nearby Job Markets

Nearby Cities for Payroll and Timekeeping Clerks

Comparing salaries near Maine

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Frequently Asked Questions

How much does a Payroll and Timekeeping Clerks make in Maine?

The median annual salary for a Payroll and Timekeeping Clerks in Maine is $56,280. This typically ranges from $40,470 for entry-level positions to $74,350 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Maine is 0.1% lower than the national median of $56,360.

Is Maine a lucrative place for Payroll and Timekeeping Clerks?

No, not significantly more lucrative than the national average.While the average salary of $56,280 is on par with the national average, Maine's higher cost of living means the purchasing power is slightly less. The job market is stable but not exceptionally concentrated.

Is Maine a good place to live for Payroll and Timekeeping Clerks?

The Cost of Living Index in Maine is 111.5. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Maine?

Some top paying nearby cities include Bangor, ME ($48,940) and Lewiston-Auburn, ME.

How does the Maine salary compare to the national average?

The average annual salary for Payroll and Timekeeping Clerks in Maine is $56,280, which is very close to the national average of $56,360.

What is the concentration of Payroll and Timekeeping Clerks in Maine?

Maine has a Location Quotient of 0.78 for this role, indicating a slightly lower concentration of these professionals compared to the national average.

How does the cost of living affect the salary in Maine?

With a Cost of Living Index of 111.5, Maine is more expensive than the national average, meaning the $56,280 salary offers slightly less purchasing power locally.

What is the total number of Payroll and Timekeeping Clerks in Maine?

There are approximately 510 Payroll and Timekeeping Clerks employed in Maine.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 510 employees in the Maine area with a job density of 0.795 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.