Average Payroll and Timekeeping Clerks Salary in Minneapolis-St. Paul-Bloomington, MN-WI
Payroll and Timekeeping Clerks in the Minneapolis-St. Paul-Bloomington, MN-WI area earn an impressive average annual salary of $63,560, significantly exceeding the national average of $56,360. This elevated compensation reflects the region's robust economic activity and the specific demand for skilled professionals in financial administration within this metropolitan hub.
Executive Summary
- Average Salary: $63,560 per year.
- Growth Trend: Salaries have shifted 15.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $77,750.
- Outlook: With a local workforce of 1,660 Payroll and Timekeeping Clerks and a Location Quotient of 0.85, the Minneapolis-St. Paul-Bloomington area demonstrates a slightly below-average concentration compared to the national landscape. However, the presence of nearly 1,700 professionals indicates a substantial and established market for these roles, suggesting a stable, albeit not hyper-concentrated, demand.
Salary Overview
The average Payroll and Timekeeping Clerks in Minneapolis-St. Paul-Bloomington, MN-WI earns+12.8%above the national average.
$30.6
$1,222
$5,297
Payroll and Timekeeping Clerks Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Payroll and Timekeeping Clerks in Minneapolis-St. Paul-Bloomington have experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, increasing complexity of payroll regulations, and a competitive job market likely contribute to upward pressure on wages for these essential administrative roles.
Payroll and Timekeeping Clerks Salary Distribution in Minneapolis-St. Paul-Bloomington, MN-WI
Career progression for Payroll and Timekeeping Clerks typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while senior clerks with extensive knowledge of complex payroll systems, compliance, and advanced reporting can command salaries in the higher percentiles, reflecting their increased value and responsibility within an organization.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,120 | $22.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $47,670 | $22.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $63,380 | $30.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $79,450 | $38.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $77,750 | $37.4 |
Detailed Payroll and Timekeeping Clerks Market Analysis
Relocation Context
Nominal Salary
$63,560
Gross Pay
Real Wage (Purchasing Power)
$63,560
Adjusted for COL (100)
The average annual salary of $63,560 in Minneapolis-St. Paul-Bloomington aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that the purchasing power of a Payroll and Timekeeping Clerk's salary in this region is equivalent to the national average, offering a balanced lifestyle without significant financial strain due to living expenses.
Job Market Context
1,660
Total Jobs
0.861
Per 1K Jobs
0.85
Location Quotient
Minneapolis-St. Paul-Bloomington, MN-WI has 0.85x 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 0.85 suggests that while Payroll and Timekeeping Clerks are present in the Minneapolis-St. Paul-Bloomington workforce, the field is not disproportionately concentrated compared to the rest of the United States. This indicates a healthy job market where demand is present but not overwhelmingly saturated, offering good opportunities for qualified candidates without extreme competition.
Nearby Job Markets
Nearby Cities for Payroll and Timekeeping Clerks
| City | Salary | Dist. |
|---|---|---|
| Northwest Minnesota nonmetropolitan area Payroll and Timekeeping Clerks Salary | $56,650↓ 11% | 58 mi |
| Southeast Minnesota nonmetropolitan area Payroll and Timekeeping Clerks Salary | $55,470↓ 13% | 58 mi |
| Southwest Minnesota nonmetropolitan area Payroll and Timekeeping Clerks Salary | $56,030↓ 12% | 58 mi |
| Northeast Minnesota nonmetropolitan area Payroll and Timekeeping Clerks Salary | $52,800↓ 17% | 58 mi |
| St. Cloud, MN Payroll and Timekeeping Clerks Salary | $57,040↓ 10% | 59 mi |
Comparing salaries near Minneapolis-St. Paul-Bloomington, MN-WI
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Frequently Asked Questions
How much does a Payroll and Timekeeping Clerks make in Minneapolis-St. Paul-Bloomington, MN-WI?
The median annual salary for a Payroll and Timekeeping Clerks in Minneapolis-St. Paul-Bloomington, MN-WI is $63,560. This typically ranges from $47,120 for entry-level positions to $77,750 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Minneapolis-St. Paul-Bloomington, MN-WI is 12.8% higher than the national median of $56,360.
Is Minneapolis-St. Paul-Bloomington, MN-WI a lucrative place for Payroll and Timekeeping Clerks?
Yes, it is a financially advantageous location for Payroll and Timekeeping Clerks.The average salary of $63,560 is notably higher than the national average, and the cost of living is on par with the national average, offering excellent purchasing power.
Is Minneapolis-St. Paul-Bloomington, MN-WI a good place to live for Payroll and Timekeeping Clerks?
The Cost of Living Index in Minneapolis-St. Paul-Bloomington, MN-WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Minneapolis-St. Paul-Bloomington, MN-WI?
Some top paying nearby cities include Northwest Minnesota nonmetropolitan area ($56,650) and Southeast Minnesota nonmetropolitan area.
How does the Minneapolis-St. Paul-Bloomington salary compare to the national average?
The average annual salary for Payroll and Timekeeping Clerks in Minneapolis-St. Paul-Bloomington is $63,560, which is $7,200 higher than the national average of $56,360.
What is the concentration of Payroll and Timekeeping Clerks in this area?
The concentration, measured by the Location Quotient, is 0.85, indicating slightly less concentration than the national average.
Does the cost of living affect the value of the salary?
No, the cost of living in Minneapolis-St. Paul-Bloomington is exactly at the national average (100), meaning the higher salary offers equivalent or better purchasing power compared to the national average.
How many Payroll and Timekeeping Clerks work in the Minneapolis-St. Paul-Bloomington area?
There are approximately 1,660 Payroll and Timekeeping Clerks employed in the Minneapolis-St. Paul-Bloomington metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,660 employees in the Minneapolis-St. Paul-Bloomington, MN-WI area with a job density of 0.861 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 Minneapolis-St. Paul-Bloomington, MN-WI