Average Payroll and Timekeeping Clerks Salary in Montana
In Montana, Payroll and Timekeeping Clerks earn an average annual salary of $51,870, which is slightly below the national average of $56,360. This difference can be attributed to a variety of factors, including the specific economic landscape and demand within the state's unique business environment.
Executive Summary
- Average Salary: $51,870 per year.
- Growth Trend: Salaries have shifted 24.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $66,500.
- Outlook: With a local workforce of 540 Payroll and Timekeeping Clerks, Montana demonstrates a stable presence in this essential administrative role. The Location Quotient of 1.05 suggests that this profession is slightly more concentrated in Montana than the national average, indicating a steady, if not growing, demand for these skilled individuals within the state's economy.
Salary Overview
The average Payroll and Timekeeping Clerks in Montana earns-8.0%below the national average.
$24.9
$998
$4,323
Payroll and Timekeeping Clerks Salary Trends (2020-2024)
While specific historical data for Montana is not provided, it is reasonable to assume that salaries for Payroll and Timekeeping Clerks in the state have seen incremental growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased demand for accurate financial record-keeping, and the evolving complexity of payroll regulations.
Payroll and Timekeeping Clerks Salary Distribution in Montana
Career progression for Payroll and Timekeeping Clerks in Montana typically involves a salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while senior clerks with extensive experience and specialized knowledge can command salaries significantly higher than the average. The percentile gaps in salary distribution highlight these opportunities for advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,120 | $18.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $38,903 | $18.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $50,270 | $24.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $64,838 | $31.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $66,500 | $32 |
Detailed Payroll and Timekeeping Clerks Market Analysis
Relocation Context
Nominal Salary
$51,870
Gross Pay
Real Wage (Purchasing Power)
$48,522
Adjusted for COL (106.9)
The average annual salary of $51,870 in Montana needs to be considered alongside its Cost of Living Index of 106.9. This index, being higher than the national average of 100, suggests that everyday expenses such as housing, utilities, and transportation are somewhat more costly in Montana. Therefore, the purchasing power of the $51,870 salary may be slightly diminished compared to areas with a lower cost of living.
Job Market Context
540
Total Jobs
1.067
Per 1K Jobs
1.05
Location Quotient
With a location quotient of 1.05, Montana has a slightly higher-than-average concentration of Payroll and Timekeeping Clerks roles compared to the national norm.
Montana's Location Quotient of 1.05 for Payroll and Timekeeping Clerks indicates a job market that is slightly more concentrated than the national average. This suggests that while the profession is well-represented, the market is not oversaturated, and there is a consistent need for these roles within the state's businesses. Employers may find a moderately competitive landscape when seeking to fill these positions.
Nearby Job Markets
Nearby Cities for Payroll and Timekeeping Clerks
| City | Salary | Dist. |
|---|---|---|
| Great Falls, MT Payroll and Timekeeping Clerks Salary | $51,360↓ 1% | 56 mi |
| Bozeman, MT Payroll and Timekeeping Clerks Salary | $54,840↑ 6% | 90 mi |
Comparing salaries near Montana
Hiring Payroll and Timekeeping Clerkss?
Frequently Asked Questions
How much does a Payroll and Timekeeping Clerks make in Montana?
The median annual salary for a Payroll and Timekeeping Clerks in Montana is $51,870. This typically ranges from $38,120 for entry-level positions to $66,500 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Montana is 8.0% lower than the national median of $56,360.
Is Montana a lucrative place for Payroll and Timekeeping Clerks?
Moderately so.While the average salary of $51,870 is below the national average, the slightly higher concentration of these roles (LQ 1.05) suggests consistent demand. However, the cost of living being above the national average tempers the overall lucrativeness.
Is Montana a good place to live for Payroll and Timekeeping Clerks?
The Cost of Living Index in Montana is 106.9. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Montana?
Some top paying nearby cities include Great Falls, MT ($51,360) and Bozeman, MT.
How does experience affect a Payroll Clerk's salary in Montana?
Experience is a significant factor in salary determination. Entry-level positions typically offer lower pay, while senior Payroll and Timekeeping Clerks with substantial experience and specialized skills can earn considerably more than the state average.
Is the demand for Payroll Clerks high in Montana?
The demand appears stable, with a Location Quotient of 1.05 indicating a slightly higher concentration of these roles compared to the national average. This suggests a steady need for qualified professionals in the state.
How does Montana's cost of living compare to the national average?
Montana's Cost of Living Index is 106.9, which is 6.9% higher than the national average (100). This means that goods and services, on average, are more expensive in Montana than in the rest of the country.
What is the total number of Payroll and Timekeeping Clerks in Montana?
There are approximately 540 Payroll and Timekeeping Clerks employed within the state of Montana.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 540 employees in the Montana area with a job density of 1.067 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 Montana
- All Occupations Salary in Montana
- Office and Administrative Support Occupations Salary in Montana
- Food Preparation and Serving Related Occupations Salary in Montana
- Sales and Related Occupations Salary in Montana
- Transportation and Material Moving Occupations Salary in Montana
- Construction and Extraction Occupations Salary in Montana
- Healthcare Practitioners and Technical Occupations Salary in Montana
- Educational Instruction and Library Occupations Salary in Montana
- Management Occupations Salary in Montana
- Business and Financial Operations Occupations Salary in Montana
- Browse All Jobs in Montana →
Semantic Salary Analysis for Payroll and Timekeeping Clerks • Data source: BLS OEWS 2024 •Jobs in Montana