Average Payroll and Timekeeping Clerks Salary in Waco, TX
The average salary for a Payroll and Timekeeping Clerks in Waco, TX is $52,660. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $52,660 per year.
- Growth Trend: Salaries have shifted 22.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $71,130.
- Outlook: The current demand for Payroll and Timekeeping Clerkss is stable, with a local workforce of approximately 110 professionals. This role remains a specialized component of the broader Waco, TX economy.
Salary Overview
The average Payroll and Timekeeping Clerks in Waco, TX earns-6.6%below the national average.
$25.3
$1,013
$4,388
Payroll and Timekeeping Clerks Salary Trends (2020-2024)
Over the past 4 years, Payroll and Timekeeping Clerks salaries in Waco, TX have experienced a rapid surge, growing by 22.9%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Payroll and Timekeeping Clerks Salary Distribution in Waco, TX
The earning potential for Payroll and Timekeeping Clerkss in Waco, TX varies significantly by experience level. The salary gap is relatively narrow, suggesting consistent and predictable earnings from entry-level to senior positions. Entry-level roles (10th percentile) typically start around $34,540, while highly experienced professionals can command wages upwards of $71,130.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,540 | $16.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $39,495 | $19 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $51,580 | $24.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $65,825 | $31.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $71,130 | $34.2 |
Detailed Payroll and Timekeeping Clerks Market Analysis
Relocation Context
Nominal Salary
$52,660
Gross Pay
Real Wage (Purchasing Power)
$52,660
Adjusted for COL (100)
In Waco, TX, the Cost of Living Index is 100. This increases your effective purchasing power from $52,660 to $52,660.
Job Market Context
110
Total Jobs
0.857
Per 1K Jobs
0.84
Location Quotient
Waco, TX has 0.84x 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.
110 people work as Payroll and Timekeeping Clerks in Waco, TX.
Only 0.857 out of every 1,000 local jobs are Payroll and Timekeeping Clerks roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Payroll and Timekeeping Clerks
Comparing salaries near Waco, TX
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Frequently Asked Questions
How much does a Payroll and Timekeeping Clerks make in Waco, TX?
The median annual salary for a Payroll and Timekeeping Clerks in Waco, TX is $52,660. This typically ranges from $34,540 for entry-level positions to $71,130 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waco, TX is 6.6% lower than the national median of $56,360.
Is Waco, TX a good place for Payroll and Timekeeping Clerkss?
It depends on your priorities. While the average Payroll and Timekeeping Clerks salary in Waco, TX is $52,660 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Waco, TX. See distinct detailed breakdown below.
Is Waco, TX a good place to live for Payroll and Timekeeping Clerks?
The Cost of Living Index in Waco, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waco, TX?
Some top paying nearby cities include North Region of Texas nonmetropolitan area ($47,670) and Northwestern Region of Texas nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 110 employees in the Waco, TX area with a job density of 0.857 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 Waco, TX