Average Payroll and Timekeeping Clerks Salary in Raleigh-Cary, NC
Payroll and Timekeeping Clerks in Raleigh-Cary, NC, earn an average annual salary of $55,680. This figure is slightly below the national average of $56,360, suggesting a localized compensation structure that may be influenced by regional economic factors and the specific demand within the Research Triangle area. While close to the national benchmark, subtle differences highlight the importance of understanding local market dynamics.
Executive Summary
- Average Salary: $55,680 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $78,830.
- Outlook: The Raleigh-Cary area supports a local workforce of 520 Payroll and Timekeeping Clerks. With a Location Quotient of 0.71, the concentration of these roles is slightly below the national average, indicating a moderately competitive market. The presence of 0.723 jobs per 1,000 workers suggests a stable, albeit not exceptionally high, demand for these essential administrative functions within the region's diverse economy.
Salary Overview
The average Payroll and Timekeeping Clerks in Raleigh-Cary, NC earns-1.2%below the national average.
$26.8
$1,071
$4,640
Payroll and Timekeeping Clerks Salary Trends (2020-2024)
While specific historical data for Payroll and Timekeeping Clerks in Raleigh-Cary is not provided, it is reasonable to assume that salaries in this field have experienced steady growth over the past four years, mirroring national trends. Economic expansion and the increasing complexity of payroll regulations typically drive incremental salary increases for skilled professionals in administrative support roles.
Payroll and Timekeeping Clerks Salary Distribution in Raleigh-Cary, NC
Career progression for Payroll and Timekeeping Clerks typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while senior clerks or those with specialized skills in payroll software and compliance can command salaries considerably higher than the average. The percentile gaps in salary distribution signify clear opportunities for advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,130 | $17.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $41,760 | $20.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $54,110 | $26 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $69,600 | $33.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $78,830 | $37.9 |
Detailed Payroll and Timekeeping Clerks Market Analysis
Relocation Context
Nominal Salary
$55,680
Gross Pay
Real Wage (Purchasing Power)
$55,680
Adjusted for COL (100)
The average annual salary of $55,680 in Raleigh-Cary, NC, aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a Payroll and Timekeeping Clerk's salary in this area is equivalent to the national average. Consequently, the nominal salary translates directly to a comparable standard of living without the financial strain often associated with higher or lower cost-of-living regions.
Job Market Context
520
Total Jobs
0.723
Per 1K Jobs
0.71
Location Quotient
Raleigh-Cary, NC has 0.71x 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 0.71 for Payroll and Timekeeping Clerks in Raleigh-Cary indicates that the profession is slightly less concentrated than the national average. This suggests that while the demand exists, the market may not be saturated, potentially offering a balanced environment for job seekers. Employers might find a slightly smaller pool of specialized candidates compared to national hubs, making experienced professionals valuable.
Nearby Job Markets
Nearby Cities for Payroll and Timekeeping Clerks
| City | Salary | Dist. |
|---|---|---|
| Durham-Chapel Hill, NC Payroll and Timekeeping Clerks Salary | $60,270↑ 8% | 18 mi |
| Rocky Mount, NC Payroll and Timekeeping Clerks Salary | $47,790↓ 14% | 48 mi |
| Burlington, NC Payroll and Timekeeping Clerks Salary | $51,910↓ 7% | 49 mi |
| Fayetteville, NC Payroll and Timekeeping Clerks Salary | $49,390↓ 11% | 55 mi |
Comparing salaries near Raleigh-Cary, NC
Hiring Payroll and Timekeeping Clerkss?
Frequently Asked Questions
How much does a Payroll and Timekeeping Clerks make in Raleigh-Cary, NC?
The median annual salary for a Payroll and Timekeeping Clerks in Raleigh-Cary, NC is $55,680. This typically ranges from $36,130 for entry-level positions to $78,830 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Raleigh-Cary, NC is 1.2% lower than the national median of $56,360.
Is Raleigh-Cary, NC a lucrative place for Payroll and Timekeeping Clerks?
Yes, it offers a stable earning potential.The average salary of $55,680 is competitive with the national average, and the cost of living index of 100 ensures strong purchasing power. While the concentration is slightly below average, this can indicate a healthy demand for skilled professionals.
Is Raleigh-Cary, NC a good place to live for Payroll and Timekeeping Clerks?
The Cost of Living Index in Raleigh-Cary, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Raleigh-Cary, NC?
Some top paying nearby cities include Durham-Chapel Hill, NC ($60,270) and Rocky Mount, NC.
How does the Raleigh-Cary salary compare to the national average?
The average salary of $55,680 in Raleigh-Cary is slightly lower than the national average of $56,360, by approximately $680 annually.
What is the cost of living in Raleigh-Cary, NC?
Raleigh-Cary, NC has a cost of living index of 100, which is exactly the national average, indicating a balanced economic environment for residents.
Is the job market for Payroll and Timekeeping Clerks strong in Raleigh-Cary?
The market is moderately competitive with a Location Quotient of 0.71, suggesting a stable demand for these roles without being overly saturated.
How does experience affect salary for Payroll and Timekeeping Clerks in this area?
Experience significantly impacts earnings, with senior roles commanding higher salaries than entry-level positions, reflecting a clear career progression path.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 520 employees in the Raleigh-Cary, NC area with a job density of 0.723 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 Raleigh-Cary, NC