Average Payroll and Timekeeping Clerks Salary in New York
Payroll and Timekeeping Clerks in New York earn an average annual salary of $62,690, significantly exceeding the national average of $56,360. This higher compensation is largely driven by New York's robust economic landscape and the specialized demand for skilled professionals in managing complex payroll systems within a high-cost-of-living environment.
Executive Summary
- Average Salary: $62,690 per year.
- Growth Trend: Salaries have shifted 19.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $84,630.
- Outlook: With a substantial local workforce of 9,040 Payroll and Timekeeping Clerks, New York demonstrates a significant concentration of these roles. The location quotient of 0.93 suggests a market that is nearly on par with the national average in terms of job density, indicating a stable and consistent demand for these essential administrative functions within the state's diverse industries.
Salary Overview
The average Payroll and Timekeeping Clerks in New York earns+11.2%above the national average.
$30.1
$1,206
$5,224
Payroll and Timekeeping Clerks Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Payroll and Timekeeping Clerks in New York have experienced steady growth over the past four years. This trend is typically influenced by inflation, increasing complexity in payroll regulations, and the ongoing need for accurate financial administration, all of which contribute to upward pressure on compensation.
Payroll and Timekeeping Clerks Salary Distribution in New York
Career progression for Payroll and Timekeeping Clerks in New York typically involves a clear salary scaling from entry-level positions to senior roles. As professionals gain experience, develop expertise in advanced payroll software, and take on greater responsibilities, their earning potential increases significantly. The percentile gaps in salary distribution reflect these opportunities for advancement and specialization within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,010 | $20.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $47,018 | $22.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $60,600 | $29.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $78,363 | $37.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $84,630 | $40.7 |
Detailed Payroll and Timekeeping Clerks Market Analysis
Relocation Context
Nominal Salary
$62,690
Gross Pay
Real Wage (Purchasing Power)
$50,112
Adjusted for COL (125.1)
While the nominal average salary of $62,690 in New York appears attractive, it must be considered in the context of the state's Cost of Living Index of 125.1. This index indicates that living expenses are approximately 25.1% higher than the national average. Therefore, the purchasing power of the salary is somewhat diminished, requiring careful budgeting to maintain a comparable standard of living to lower-cost regions.
Job Market Context
9,040
Total Jobs
0.947
Per 1K Jobs
0.93
Location Quotient
New York has 0.93x 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 0.93 for Payroll and Timekeeping Clerks in New York signifies a job market that is closely aligned with the national average in terms of employment concentration. This suggests a healthy and competitive environment where opportunities are readily available but not necessarily saturated, providing a balanced landscape for both employers seeking talent and professionals seeking employment.
Nearby Job Markets
Nearby Cities for Payroll and Timekeeping Clerks
| City | Salary | Dist. |
|---|---|---|
| Binghamton, NY Payroll and Timekeeping Clerks Salary | $54,840↓ 13% | 49 mi |
| Kingston, NY Payroll and Timekeeping Clerks Salary | $55,710↓ 11% | 51 mi |
| Scranton--Wilkes-Barre, PA Payroll and Timekeeping Clerks Salary | $50,620↓ 19% | 64 mi |
| Utica-Rome, NY Payroll and Timekeeping Clerks Salary | $53,230↓ 15% | 66 mi |
| Albany-Schenectady-Troy, NY Payroll and Timekeeping Clerks Salary | $56,360↓ 10% | 68 mi |
Comparing salaries near New York
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Frequently Asked Questions
How much does a Payroll and Timekeeping Clerks make in New York?
The median annual salary for a Payroll and Timekeeping Clerks in New York is $62,690. This typically ranges from $43,010 for entry-level positions to $84,630 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New York is 11.2% higher than the national median of $56,360.
Is New York a lucrative place for Payroll and Timekeeping Clerks?
Yes, New York offers a lucrative environment for Payroll and Timekeeping Clerks.The average salary of $62,690 significantly surpasses the national average, reflecting the state's economic demands. However, the higher cost of living means careful financial management is essential.
Is New York a good place to live for Payroll and Timekeeping Clerks?
The Cost of Living Index in New York is 125.1. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New York?
Some top paying nearby cities include Binghamton, NY ($54,840) and Kingston, NY.
How does the New York salary compare to the national average?
The average annual salary for Payroll and Timekeeping Clerks in New York is $62,690, which is $6,330 higher than the national average of $56,360.
What is the significance of the Location Quotient (LQ) in New York?
A Location Quotient of 0.93 indicates that the concentration of Payroll and Timekeeping Clerk jobs in New York is slightly below the national average, suggesting a stable but not overly concentrated job market.
How does the Cost of Living Index affect the salary?
With a Cost of Living Index of 125.1, New York is 25.1% more expensive than the national average. This means the $62,690 salary has less purchasing power than it would in a lower-cost state.
What is the total number of Payroll and Timekeeping Clerks in New York?
New York employs a total of 9,040 Payroll and Timekeeping Clerks, representing a significant portion of the workforce in this specialized administrative role.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 9,040 employees in the New York area with a job density of 0.947 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 New York