Average Payroll and Timekeeping Clerks Salary in Memphis, TN-MS-AR
Payroll and Timekeeping Clerks in the Memphis, TN-MS-AR area earn an average annual salary of $51,230. This figure is notably below the national average of $56,360, suggesting that local economic factors and market demand play a significant role in compensation within this region. The specific economic landscape and the concentration of businesses requiring these services directly influence the prevailing wage rates for these essential administrative roles.
Executive Summary
- Average Salary: $51,230 per year.
- Growth Trend: Salaries have shifted 16.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $70,320.
- Outlook: The Memphis, TN-MS-AR region supports a local workforce of 470 Payroll and Timekeeping Clerks. With a Location Quotient of 0.75, the concentration of these roles is slightly below the national average, indicating a moderately developed but not overly saturated job market. The presence of 0.759 jobs per 1,000 workers suggests a stable demand for these professionals, without an overwhelming surplus of available positions.
Salary Overview
The average Payroll and Timekeeping Clerks in Memphis, TN-MS-AR earns-9.1%below the national average.
$24.6
$985
$4,269
Payroll and Timekeeping Clerks Salary Trends (2020-2024)
While specific historical data for the Memphis area is not provided, it is reasonable to assume that salaries for Payroll and Timekeeping Clerks have experienced gradual growth over the past four years, mirroring national trends. Economic expansion, inflation, and evolving payroll complexities likely contribute to a steady upward trajectory in compensation, ensuring that the value of these roles keeps pace with broader economic shifts.
Payroll and Timekeeping Clerks Salary Distribution in Memphis, TN-MS-AR
Career progression for Payroll and Timekeeping Clerks typically involves a significant salary increase with experience. Entry-level positions often start at the lower end of the pay scale, while senior clerks with extensive experience and specialized knowledge can command substantially higher salaries. The percentile gaps in earnings clearly signify the career advancement opportunities and the increased earning potential associated with accumulating expertise and taking on greater responsibilities within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,670 | $17.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $38,423 | $18.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $49,940 | $24 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $64,038 | $30.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $70,320 | $33.8 |
Detailed Payroll and Timekeeping Clerks Market Analysis
Relocation Context
Nominal Salary
$51,230
Gross Pay
Real Wage (Purchasing Power)
$51,230
Adjusted for COL (100)
The average annual salary of $51,230 for Payroll and Timekeeping Clerks in Memphis, TN-MS-AR aligns precisely with the national average Cost of Living Index of 100. This means that the nominal salary offers purchasing power equivalent to the national average, suggesting that the cost of essential goods and services in the Memphis area is neither significantly higher nor lower than the typical U.S. metropolitan area.
Job Market Context
470
Total Jobs
0.759
Per 1K Jobs
0.75
Location Quotient
Memphis, TN-MS-AR has 0.75x 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 0.75 for Payroll and Timekeeping Clerks in Memphis, TN-MS-AR indicates that this profession is less concentrated in the region compared to the national average. This suggests that while the job market is present and functional, it may not be as robust or specialized as in areas with a higher concentration of these roles. It implies a moderate level of competition and availability for these positions.
Nearby Job Markets
Nearby Cities for Payroll and Timekeeping Clerks
| City | Salary | Dist. |
|---|---|---|
| Jonesboro, AR Payroll and Timekeeping Clerks Salary | $51,730↑ 1% | 64 mi |
| Jackson, TN Payroll and Timekeeping Clerks Salary | $50,160↓ 2% | 74 mi |
Comparing salaries near Memphis, TN-MS-AR
Hiring Payroll and Timekeeping Clerkss?
Frequently Asked Questions
How much does a Payroll and Timekeeping Clerks make in Memphis, TN-MS-AR?
The median annual salary for a Payroll and Timekeeping Clerks in Memphis, TN-MS-AR is $51,230. This typically ranges from $35,670 for entry-level positions to $70,320 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Memphis, TN-MS-AR is 9.1% lower than the national median of $56,360.
Is Memphis, TN-MS-AR a lucrative place for Payroll and Timekeeping Clerks?
No, not particularly lucrative compared to the national average.The average salary of $51,230 is below the national average of $56,360, indicating less lucrative compensation. However, the cost of living being at the national average means the salary's purchasing power is equivalent.
Is Memphis, TN-MS-AR a good place to live for Payroll and Timekeeping Clerks?
The Cost of Living Index in Memphis, TN-MS-AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Memphis, TN-MS-AR?
Some top paying nearby cities include Jonesboro, AR ($51,730) and Jackson, TN.
How does the local workforce size affect job prospects?
A local workforce of 470 Payroll and Timekeeping Clerks suggests a stable but not overly large job market, indicating moderate opportunities for new entrants and established professionals.
What does a Location Quotient of 0.75 mean for job seekers?
A Location Quotient of 0.75 signifies that Payroll and Timekeeping Clerk roles are less concentrated in Memphis than the national average, implying a less competitive but potentially less specialized job market.
How does the Cost of Living Index impact the $51,230 salary?
With a Cost of Living Index of 100, the $51,230 salary has the same purchasing power as the national average, meaning it is neither exceptionally high nor low relative to expenses.
What is the job density for Payroll and Timekeeping Clerks in Memphis?
The rate of 0.759 jobs per 1,000 workers indicates a moderate presence of Payroll and Timekeeping Clerk positions within the Memphis labor force.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 470 employees in the Memphis, TN-MS-AR area with a job density of 0.759 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 Memphis, TN-MS-AR
- All Occupations Salary in Memphis, TN-MS-AR
- Transportation and Material Moving Occupations Salary in Memphis, TN-MS-AR
- Office and Administrative Support Occupations Salary in Memphis, TN-MS-AR
- Food Preparation and Serving Related Occupations Salary in Memphis, TN-MS-AR
- Sales and Related Occupations Salary in Memphis, TN-MS-AR
- Healthcare Practitioners and Technical Occupations Salary in Memphis, TN-MS-AR
- Laborers and Freight, Stock, and Material Movers, Hand Salary in Memphis, TN-MS-AR
- Management Occupations Salary in Memphis, TN-MS-AR
- Production Occupations Salary in Memphis, TN-MS-AR
- Business and Financial Operations Occupations Salary in Memphis, TN-MS-AR
- Browse All Jobs in Memphis, TN-MS-AR →
Semantic Salary Analysis for Payroll and Timekeeping Clerks • Data source: BLS OEWS 2024 •Jobs in Memphis, TN-MS-AR