Average Payroll and Timekeeping Clerks Salary in Springfield, MA
Payroll and Timekeeping Clerks in Springfield, MA, earn an average annual salary of $58,810. This figure slightly surpasses the national average of $56,360, indicating a localized demand that supports competitive compensation. Factors such as the specific industry mix and the cost of doing business within Springfield contribute to this favorable pay.
Executive Summary
- Average Salary: $58,810 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $77,660.
- Outlook: With a total local workforce of 230 Payroll and Timekeeping Clerks, Springfield, MA, presents a stable job market for these professionals. The Location Quotient of 1.12 suggests a slightly higher concentration of these roles compared to the national average, implying a consistent demand that aligns with the workforce size.
Salary Overview
The average Payroll and Timekeeping Clerks in Springfield, MA earns+4.3%above the national average.
$28.3
$1,131
$4,901
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 Springfield, MA, have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing responsibilities, and the evolving complexity of payroll systems.
Payroll and Timekeeping Clerks Salary Distribution in Springfield, MA
The career trajectory for Payroll and Timekeeping Clerks in Springfield, MA, typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while senior clerks with specialized skills and extensive experience can command salaries in the upper percentiles, reflecting a clear progression path.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $44,270 | $21.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $44,108 | $21.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $56,010 | $26.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $73,513 | $35.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $77,660 | $37.3 |
Detailed Payroll and Timekeeping Clerks Market Analysis
Relocation Context
Nominal Salary
$58,810
Gross Pay
Real Wage (Purchasing Power)
$58,810
Adjusted for COL (100)
For professionals considering a move to Springfield, MA, the average annual salary of $58,810 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of this salary is equivalent to the national average, offering a stable financial standing without significant adjustments needed for daily expenses.
Job Market Context
230
Total Jobs
1.136
Per 1K Jobs
1.12
Location Quotient
With a location quotient of 1.12, Springfield, MA has a slightly higher-than-average concentration of Payroll and Timekeeping Clerks roles compared to the national norm.
The Location Quotient of 1.12 for Payroll and Timekeeping Clerks in Springfield, MA, indicates a market that is slightly more concentrated than the national average. This suggests a healthy, albeit not overly saturated, job market where demand is consistently present, making it a moderately competitive environment for new entrants.
Nearby Job Markets
Nearby Cities for Payroll and Timekeeping Clerks
| City | Salary | Dist. |
|---|---|---|
| Amherst Town-Northampton, MA Payroll and Timekeeping Clerks Salary | $60,180↑ 2% | 18 mi |
| Hartford-West Hartford-East Hartford, CT Payroll and Timekeeping Clerks Salary | $62,780↑ 7% | 25 mi |
| Connecticut nonmetropolitan area Payroll and Timekeeping Clerks Salary | $64,800↑ 10% | 37 mi |
| Worcester, MA Payroll and Timekeeping Clerks Salary | $58,500↓ 1% | 39 mi |
| Pittsfield, MA Payroll and Timekeeping Clerks Salary | $54,540↓ 7% | 44 mi |
Comparing salaries near Springfield, MA
Hiring Payroll and Timekeeping Clerkss?
Frequently Asked Questions
How much does a Payroll and Timekeeping Clerks make in Springfield, MA?
The median annual salary for a Payroll and Timekeeping Clerks in Springfield, MA is $58,810. This typically ranges from $44,270 for entry-level positions to $77,660 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, MA is 4.3% higher than the national median of $56,360.
Is Springfield, MA a lucrative place for Payroll and Timekeeping Clerks?
Yes, Springfield, MA offers a slightly above-average earning potential for Payroll and Timekeeping Clerks.The average salary of $58,810 exceeds the national average, and the cost of living is on par with the national average, making it a financially sound location.
Is Springfield, MA a good place to live for Payroll and Timekeeping Clerks?
The Cost of Living Index in Springfield, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, MA?
Some top paying nearby cities include Amherst Town-Northampton, MA ($60,180) and Hartford-West Hartford-East Hartford, CT.
How does the local workforce size impact job availability?
A local workforce of 230 indicates a moderate-sized pool of professionals, suggesting consistent opportunities without extreme competition.
What does a Location Quotient of 1.12 signify?
A Location Quotient of 1.12 means that Payroll and Timekeeping Clerk roles are slightly more prevalent in Springfield, MA, than the national average, indicating steady demand.
How does Springfield's cost of living compare nationally?
Springfield, MA, has a Cost of Living Index of 100, which is exactly the national average, meaning expenses are typical.
Are there significant salary differences based on experience?
Yes, as with most professions, experienced Payroll and Timekeeping Clerks in Springfield, MA, can expect to earn considerably more than entry-level staff.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Springfield, MA area with a job density of 1.136 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 Springfield, MA