Average Payroll and Timekeeping Clerks Salary in Winston-Salem, NC
In Winston-Salem, NC, Payroll and Timekeeping Clerks earn an average annual salary of $53,070. This figure is slightly below the national average of $56,360, reflecting a localized compensation structure influenced by regional economic factors and the specific demand within the Winston-Salem labor market. While the nominal pay may differ, understanding these local nuances is key for financial planning.
Executive Summary
- Average Salary: $53,070 per year.
- Growth Trend: Salaries have shifted 19.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $70,590.
- Outlook: The job market for Payroll and Timekeeping Clerks in Winston-Salem, NC, shows a moderate level of concentration, with a Location Quotient of 0.78, indicating a slightly lower presence compared to the national average. The total local workforce of 220 suggests a stable, albeit not expansive, demand for these roles within the city.
Salary Overview
The average Payroll and Timekeeping Clerks in Winston-Salem, NC earns-5.8%below the national average.
$25.5
$1,021
$4,423
Payroll and Timekeeping Clerks Salary Trends (2020-2024)
While specific historical data for Winston-Salem is not provided, it's generally assumed that salaries for Payroll and Timekeeping Clerks have seen consistent, modest growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased complexity in payroll regulations, and the ongoing need for skilled professionals to manage financial operations.
Payroll and Timekeeping Clerks Salary Distribution in Winston-Salem, NC
Career progression for Payroll and Timekeeping Clerks in Winston-Salem typically involves salary increases tied to experience. Entry-level positions might start closer to the lower percentiles, while senior clerks with extensive experience and specialized skills can command salaries in the higher percentiles, reflecting their greater value and responsibility within an organization.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,290 | $17.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $39,803 | $19.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $51,850 | $24.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $66,338 | $31.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $70,590 | $33.9 |
Detailed Payroll and Timekeeping Clerks Market Analysis
Relocation Context
Nominal Salary
$53,070
Gross Pay
Real Wage (Purchasing Power)
$53,070
Adjusted for COL (100)
With a Cost of Living Index of 100, Winston-Salem is perfectly aligned with the national average. This means the average annual salary of $53,070 for Payroll and Timekeeping Clerks offers purchasing power equivalent to the national average, making the nominal salary quite representative of the local economic reality.
Job Market Context
220
Total Jobs
0.79
Per 1K Jobs
0.78
Location Quotient
Winston-Salem, NC has 0.78x 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 0.78 suggests that Payroll and Timekeeping Clerks are slightly less concentrated in Winston-Salem compared to the rest of the United States. This indicates a market that is neither oversaturated nor exceptionally scarce, presenting a balanced environment for job seekers and employers alike.
Nearby Job Markets
Nearby Cities for Payroll and Timekeeping Clerks
| City | Salary | Dist. |
|---|---|---|
| Greensboro-High Point, NC Payroll and Timekeeping Clerks Salary | $49,940↓ 6% | 23 mi |
| Eastern North Carolina nonmetropolitan area Payroll and Timekeeping Clerks Salary | $49,140↓ 7% | 41 mi |
| Western North Carolina nonmetropolitan area Payroll and Timekeeping Clerks Salary | $50,810↓ 4% | 41 mi |
| Central North Carolina nonmetropolitan area Payroll and Timekeeping Clerks Salary | $51,050↓ 4% | 41 mi |
| Burlington, NC Payroll and Timekeeping Clerks Salary | $51,910↓ 2% | 43 mi |
Comparing salaries near Winston-Salem, NC
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Frequently Asked Questions
How much does a Payroll and Timekeeping Clerks make in Winston-Salem, NC?
The median annual salary for a Payroll and Timekeeping Clerks in Winston-Salem, NC is $53,070. This typically ranges from $37,290 for entry-level positions to $70,590 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Winston-Salem, NC is 5.8% lower than the national median of $56,360.
Is Winston-Salem, NC a lucrative place for Payroll and Timekeeping Clerks?
No, not exceptionally lucrative compared to the national average.The average salary of $53,070 is below the national average of $56,360, though the cost of living is on par with the national average.
Is Winston-Salem, NC a good place to live for Payroll and Timekeeping Clerks?
The Cost of Living Index in Winston-Salem, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Winston-Salem, NC?
Some top paying nearby cities include Greensboro-High Point, NC ($49,940) and Eastern North Carolina nonmetropolitan area.
How does the Winston-Salem payroll clerk salary compare to the national average?
The average annual salary for Payroll and Timekeeping Clerks in Winston-Salem, NC is $53,070, which is slightly lower than the national average of $56,360.
What is the cost of living in Winston-Salem, NC?
Winston-Salem, NC has a Cost of Living Index of 100, which is exactly the national average, meaning the cost of goods and services is comparable to the rest of the country.
How concentrated are Payroll and Timekeeping Clerk jobs in Winston-Salem?
The concentration of Payroll and Timekeeping Clerk jobs in Winston-Salem is indicated by a Location Quotient of 0.78, suggesting a slightly lower presence than the national average.
What does the total local workforce number mean for Payroll and Timekeeping Clerks?
A total local workforce of 220 for this role in Winston-Salem suggests a stable, established presence of these positions within the city's economy.
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 Winston-Salem, NC area with a job density of 0.79 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 Winston-Salem, NC