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Average Payroll and Timekeeping Clerks Salary in New Haven, CT

Payroll and Timekeeping Clerks in New Haven, CT, command an average annual salary of $63,180, notably exceeding the national average of $56,360. This premium is often driven by the specific economic landscape and demand within the New Haven metropolitan area, reflecting a localized value for these essential financial support roles. The concentration of businesses and the need for meticulous payroll management contribute to this higher compensation.

Executive Summary

  • Average Salary: $63,180 per year.
  • Growth Trend: Salaries have shifted 19.5% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $82,160.
  • Outlook: The job market for Payroll and Timekeeping Clerks in New Haven, CT, shows a steady presence with a total local workforce of 220 individuals. While the Location Quotient of 0.77 suggests a slightly lower concentration compared to the national average, the consistent need for these roles ensures a stable demand. The figure of 0.782 jobs per 1,000 workers indicates a consistent, albeit not overwhelmingly high, level of employment opportunities within the region.
2024 Market Data

Salary Overview

$63,180

The average Payroll and Timekeeping Clerks in New Haven, CT earns+12.1%above the national average.

BreakdownBased on 40h/week
Hourly

$30.4

Weekly

$1,215

Monthly

$5,265

Payroll and Timekeeping Clerks Salary Distribution in New Haven, CT

The career trajectory for Payroll and Timekeeping Clerks typically involves significant salary progression based on experience. Entry-level positions often start closer to the lower end of the pay scale, focusing on fundamental tasks. As clerks gain experience, master more complex systems, and take on greater responsibilities, their earning potential increases substantially, reaching senior-level compensation. The percentile gaps in salary distribution clearly signify these opportunities for career advancement and increased earning power.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$46,050$22.1
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$47,385$22.8
ManagerOversees team, compliance, and project delivery.50% (Median)$61,780$29.7
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$78,975$38
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$82,160$39.5

Detailed Payroll and Timekeeping Clerks Market Analysis

Relocation Context

Nominal Salary

$63,180

Gross Pay

Real Wage (Purchasing Power)

$63,180

Adjusted for COL (100)

For professionals considering a move to New Haven, CT, the average annual salary of $63,180 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 New Haven is equivalent to the national average, offering a stable financial footing without the immediate pressure of higher living expenses.

Job Market Context

220

Total Jobs

0.782

Per 1K Jobs

0.77

Location Quotient

Below Average

New Haven, CT has 0.77x 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.

With a Location Quotient of 0.77, New Haven, CT, has a slightly lower concentration of Payroll and Timekeeping Clerks than the national average. This suggests that while the profession is present and necessary, the market is not oversaturated. This equilibrium can be advantageous for job seekers, potentially leading to more competitive offers as employers seek to attract and retain talent in a market where the supply is not excessively abundant.

Nearby Job Markets

Nearby Cities for Payroll and Timekeeping Clerks

CitySalaryDist.
Bridgeport-Stamford-Danbury, CT Payroll and Timekeeping Clerks Salary$65,290↑ 3%16 mi
Waterbury-Shelton, CT Payroll and Timekeeping Clerks Salary$60,860↓ 4%18 mi
Connecticut nonmetropolitan area Payroll and Timekeeping Clerks Salary$64,800↑ 3%22 mi
Hartford-West Hartford-East Hartford, CT Payroll and Timekeeping Clerks Salary$62,780↓ 1%34 mi
Norwich-New London-Willimantic, CT Payroll and Timekeeping Clerks Salary$58,960↓ 7%46 mi

Comparing salaries near New Haven, CT

Hiring Payroll and Timekeeping Clerkss?

Frequently Asked Questions

How much does a Payroll and Timekeeping Clerks make in New Haven, CT?

The median annual salary for a Payroll and Timekeeping Clerks in New Haven, CT is $63,180. This typically ranges from $46,050 for entry-level positions to $82,160 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in New Haven, CT is 12.1% higher than the national median of $56,360.

Is New Haven, CT a lucrative place for Payroll and Timekeeping Clerks?

Yes, New Haven offers competitive compensation for Payroll and Timekeeping Clerks.The average salary of $63,180 significantly surpasses the national average, and the cost of living is on par with the national index, indicating strong purchasing power.

Is New Haven, CT a good place to live for Payroll and Timekeeping Clerks?

The Cost of Living Index in New Haven, CT is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near New Haven, CT?

Some top paying nearby cities include Bridgeport-Stamford-Danbury, CT ($65,290) and Waterbury-Shelton, CT.

How does the New Haven salary compare to the national average?

The average annual salary for Payroll and Timekeeping Clerks in New Haven, CT, is $63,180, which is higher than the national average of $56,360.

What is the Cost of Living in New Haven, CT?

New Haven, CT has a Cost of Living Index of 100, which is exactly the national average, meaning expenses are neither significantly higher nor lower than the typical US city.

Is there high demand for Payroll and Timekeeping Clerks in New Haven?

While the Location Quotient of 0.77 indicates a slightly lower concentration than the national average, the consistent need for these roles suggests stable demand within the local job market.

How much does experience impact a Payroll and Timekeeping Clerk's salary in New Haven?

Experience plays a crucial role, with entry-level positions earning less and senior roles commanding significantly higher salaries, reflecting increased responsibility and expertise.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the New Haven, CT area with a job density of 0.782 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Payroll and Timekeeping Clerks • Data source: BLS OEWS 2024 •Jobs in New Haven, CT