What does a Payroll and Timekeeping Clerks salary really buy you in Indiana?
Indiana is 8.2% cheaper than the US averageData: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31
Indiana's Regional Price Parity (RPP) is 91.8, meaning prices are 8.2% lower the national average. A Payroll and Timekeeping Clerks earning $49,380 in Indiana has the equivalent purchasing power of $53,790 in an average-cost US state.
Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Indiana's cost of living.
| Percentile | Nominal Salary | COL-Adjusted | Difference |
|---|---|---|---|
| 10th Percentile (P10) | $35,430 | $38,594 | +$3,164 |
| 25th Percentile (P25) | $40,360 | $43,965 | +$3,605 |
| Median (P50) | $49,380 | $53,790 | +$4,410 |
| 75th Percentile (P75) | $59,430 | $64,738 | +$5,308 |
| 90th Percentile (P90) | $68,840 | $74,989 | +$6,149 |
A Payroll and Timekeeping Clerks in Indiana earns $49,380 on paper, but low living costs mean your money goes 9% further — like earning $53,790 in an average-cost state. This makes Indiana one of the best value states for this occupation.
Where does Payroll and Timekeeping Clerks salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
Indiana ranks #39 out of 50 states for Payroll and Timekeeping Clerks after cost-of-living adjustment.
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A Payroll and Timekeeping Clerks in Indiana earns a median salary of $49,380 per year. After adjusting for Indiana's cost of living (RPP=91.8), the real purchasing power is $53,790 — a +8.9% difference.
Indiana's cost of living is 8.2% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for Indiana is 91.8 (US average = 100).
Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.
The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Payroll and Timekeeping Clerks in Indiana: $49,380 x (100 / 91.8) = $53,790. This represents what the salary would be worth in a state with average living costs.
From a purchasing power perspective, yes. A Payroll and Timekeeping Clerks in Indiana enjoys 8.9% more buying power than the nominal salary suggests, because living costs are below the national average. However, other factors like job availability, career growth, and quality of life also matter.