Average Payroll and Timekeeping Clerks Salary in Vermont
Payroll and Timekeeping Clerks in Vermont earn an average annual salary of $59,190, surpassing the national average of $56,360. This higher compensation in Vermont can be attributed to a combination of factors, including the state's specific economic landscape and potentially a more concentrated demand within its smaller workforce.
Executive Summary
- Average Salary: $59,190 per year.
- Growth Trend: Salaries have shifted 25.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $71,900.
- Outlook: With a total local workforce of 220 Payroll and Timekeeping Clerks, Vermont presents a niche but stable employment environment for these professionals. The location quotient of 0.71 suggests a slightly lower concentration compared to the national average, indicating that while not a dominant sector, the role is consistently present and valued within the state's economy.
Salary Overview
The average Payroll and Timekeeping Clerks in Vermont earns+5.0%above the national average.
$28.5
$1,138
$4,933
Payroll and Timekeeping Clerks Salary Trends (2020-2024)
While specific historical data for Vermont's Payroll and Timekeeping Clerks is not provided, it is reasonable to assume a general upward trend in salaries over the past four years, mirroring national patterns. Economic shifts and the increasing complexity of payroll management likely contribute to steady wage growth for experienced professionals in this field.
Payroll and Timekeeping Clerks Salary Distribution in Vermont
Salary progression for Payroll and Timekeeping Clerks in Vermont typically scales with experience. Entry-level positions may start closer to the lower percentiles, while senior clerks with extensive knowledge of state and federal regulations, advanced software proficiency, and supervisory experience can command salaries in the higher percentiles, reflecting their increased value and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,800 | $22.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $44,393 | $21.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $59,210 | $28.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $73,988 | $35.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $71,900 | $34.6 |
Detailed Payroll and Timekeeping Clerks Market Analysis
Relocation Context
Nominal Salary
$59,190
Gross Pay
Real Wage (Purchasing Power)
$51,514
Adjusted for COL (114.9)
While the average annual salary of $59,190 in Vermont is favorable compared to the national average, the local Cost of Living Index stands at 114.9, significantly above the national benchmark of 100. This means that the purchasing power of a Vermont-based Payroll and Timekeeping Clerk's salary is somewhat diminished, requiring careful budgeting to maintain a comparable standard of living to national averages.
Job Market Context
220
Total Jobs
0.721
Per 1K Jobs
0.71
Location Quotient
Vermont 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.
The location quotient of 0.71 for Payroll and Timekeeping Clerks in Vermont indicates a slightly lower concentration of these roles relative to the national average. This suggests that while the job market is not oversaturated, opportunities may be more specialized, and competition could be moderate depending on specific employer needs within the state.
Nearby Job Markets
Nearby Cities for Payroll and Timekeeping Clerks
| City | Salary | Dist. |
|---|---|---|
| Burlington-South Burlington, VT Payroll and Timekeeping Clerks Salary | $61,680↑ 4% | 40 mi |
| Glens Falls, NY Payroll and Timekeeping Clerks Salary | $56,570↓ 4% | 69 mi |
| Central New Hampshire nonmetropolitan area Payroll and Timekeeping Clerks Salary | $56,260↓ 5% | 70 mi |
| Northern New Hampshire nonmetropolitan area Payroll and Timekeeping Clerks Salary | $60,680↑ 3% | 70 mi |
| Southwestern New Hampshire nonmetropolitan area Payroll and Timekeeping Clerks Salary | $58,290↓ 2% | 70 mi |
Comparing salaries near Vermont
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Frequently Asked Questions
How much does a Payroll and Timekeeping Clerks make in Vermont?
The median annual salary for a Payroll and Timekeeping Clerks in Vermont is $59,190. This typically ranges from $46,800 for entry-level positions to $71,900 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Vermont is 5.0% higher than the national median of $56,360.
Is Vermont a lucrative place for Payroll and Timekeeping Clerks?
Yes, with caveats.Vermont offers a higher average salary than the national average for Payroll and Timekeeping Clerks. However, the significantly higher cost of living means that the real value of this salary requires careful consideration.
Is Vermont a good place to live for Payroll and Timekeeping Clerks?
The Cost of Living Index in Vermont is 114.9. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Vermont?
Some top paying nearby cities include Burlington-South Burlington, VT ($61,680) and Glens Falls, NY.
How does Vermont's average salary compare to the national average?
Payroll and Timekeeping Clerks in Vermont earn an average of $59,190 annually, which is higher than the national average of $56,360.
What is the cost of living in Vermont compared to the national average?
Vermont has a Cost of Living Index of 114.9, meaning it is 14.9% more expensive to live there than the national average (index of 100).
Is there high demand for Payroll and Timekeeping Clerks in Vermont?
The location quotient of 0.71 suggests a slightly lower concentration of these roles compared to the national average, indicating a stable but not exceptionally high demand.
How does experience affect a Payroll and Timekeeping Clerk's salary in Vermont?
As with most roles, experience significantly impacts salary. Senior Payroll and Timekeeping Clerks with specialized skills and longer tenure can expect to earn substantially more than entry-level professionals.
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 Vermont area with a job density of 0.721 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 Vermont