Average Payroll and Timekeeping Clerks Salary in Toledo, OH
Payroll and Timekeeping Clerks in Toledo, OH, earn an average annual salary of $55,630. This figure is slightly below the national average of $56,360, indicating a stable but not exceptionally high-paying market. Local economic factors and the specific demand within the Toledo area contribute to this compensation level.
Executive Summary
- Average Salary: $55,630 per year.
- Growth Trend: Salaries have shifted 14.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $76,330.
- Outlook: With a local workforce of 280 Payroll and Timekeeping Clerks and a Location Quotient of 0.95, Toledo presents a market that closely mirrors national employment concentrations for this role. The figure of 0.965 jobs per 1,000 workers suggests a steady, albeit not rapidly expanding, demand for these essential administrative professionals within the region.
Salary Overview
The average Payroll and Timekeeping Clerks in Toledo, OH earns-1.3%below the national average.
$26.7
$1,070
$4,636
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 Toledo, OH, have experienced modest growth over the past four years, aligning with general economic trends and inflation. This consistent, albeit gradual, increase reflects the enduring need for accurate payroll processing and timekeeping management across various industries.
Payroll and Timekeeping Clerks Salary Distribution in Toledo, OH
Experience plays a significant role in the earning potential for Payroll and Timekeeping Clerks. Entry-level positions typically start at the lower end of the pay scale, while senior clerks with extensive experience and specialized skills can command salaries considerably higher than the average. The percentile gaps in salary distribution highlight clear opportunities for career advancement and increased compensation through professional development.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,950 | $16.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $41,723 | $20.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $52,710 | $25.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $69,538 | $33.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $76,330 | $36.7 |
Detailed Payroll and Timekeeping Clerks Market Analysis
Relocation Context
Nominal Salary
$55,630
Gross Pay
Real Wage (Purchasing Power)
$55,630
Adjusted for COL (100)
The average annual salary of $55,630 in Toledo, OH, is directly aligned 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 Toledo is comparable to that of their counterparts in an average U.S. city, offering a balanced lifestyle without significant financial strain.
Job Market Context
280
Total Jobs
0.965
Per 1K Jobs
0.95
Location Quotient
Toledo, OH has 0.95x 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 0.95 indicates that Payroll and Timekeeping Clerk roles are present in Toledo at a concentration very close to the national average. This suggests a balanced job market where the supply of qualified professionals aligns well with the demand from local businesses, making it neither overly competitive nor exceptionally abundant.
Nearby Job Markets
Nearby Cities for Payroll and Timekeeping Clerks
| City | Salary | Dist. |
|---|---|---|
| Monroe, MI Payroll and Timekeeping Clerks Salary | $51,040↓ 8% | 20 mi |
| Ann Arbor, MI Payroll and Timekeeping Clerks Salary | $57,970↑ 4% | 43 mi |
| Sandusky, OH Payroll and Timekeeping Clerks Salary | $49,630↓ 11% | 48 mi |
| Detroit-Warren-Dearborn, MI Payroll and Timekeeping Clerks Salary | $59,280↑ 7% | 54 mi |
| Jackson, MI Payroll and Timekeeping Clerks Salary | $54,520↓ 2% | 58 mi |
Comparing salaries near Toledo, OH
Hiring Payroll and Timekeeping Clerkss?
Frequently Asked Questions
How much does a Payroll and Timekeeping Clerks make in Toledo, OH?
The median annual salary for a Payroll and Timekeeping Clerks in Toledo, OH is $55,630. This typically ranges from $34,950 for entry-level positions to $76,330 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Toledo, OH is 1.3% lower than the national median of $56,360.
Is Toledo, OH a lucrative place for Payroll and Timekeeping Clerks?
No, but it offers stable compensation.While the average salary of $55,630 is close to the national average, it does not stand out as exceptionally lucrative. However, with a cost of living index of 100, the salary offers equivalent purchasing power to the national average.
Is Toledo, OH a good place to live for Payroll and Timekeeping Clerks?
The Cost of Living Index in Toledo, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Toledo, OH?
Some top paying nearby cities include Monroe, MI ($51,040) and Ann Arbor, MI.
How does the Toledo job market compare to the national average for this role?
The job market in Toledo for Payroll and Timekeeping Clerks is very similar to the national average, as indicated by a Location Quotient of 0.95 and a comparable number of jobs per 1,000 workers.
What is the average salary for a Payroll and Timekeeping Clerk in Toledo, OH?
The average annual salary for a Payroll and Timekeeping Clerk in Toledo, OH, is $55,630.
Does the cost of living in Toledo affect the value of the salary?
No, the cost of living in Toledo is at the national average (index of 100), meaning the $55,630 salary has purchasing power equivalent to the national average.
How many Payroll and Timekeeping Clerks are employed in Toledo, OH?
There are approximately 280 Payroll and Timekeeping Clerks employed in Toledo, OH.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 280 employees in the Toledo, OH area with a job density of 0.965 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 Toledo, OH