What does a Payroll and Timekeeping Clerks salary really buy you in Minnesota?
Minnesota is 2.3% cheaper than the US averageData: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31
Minnesota's Regional Price Parity (RPP) is 97.7, meaning prices are 2.3% lower the national average. A Payroll and Timekeeping Clerks earning $60,780 in Minnesota has the equivalent purchasing power of $62,210 in an average-cost US state.
Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Minnesota's cost of living.
| Percentile | Nominal Salary | COL-Adjusted | Difference |
|---|---|---|---|
| 10th Percentile (P10) | $46,140 | $47,226 | +$1,086 |
| 25th Percentile (P25) | $52,900 | $54,145 | +$1,245 |
| Median (P50) | $60,780 | $62,210 | +$1,430 |
| 75th Percentile (P75) | $69,010 | $70,634 | +$1,624 |
| 90th Percentile (P90) | $76,950 | $78,761 | +$1,811 |
Minnesota's cost of living is close to the national average, so $60,780 keeps most of its value at $62,210 in real terms. Location choice here is more about career opportunities than cost arbitrage.
Where does Payroll and Timekeeping Clerks salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
Minnesota ranks #3 out of 50 states for Payroll and Timekeeping Clerks after cost-of-living adjustment.
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A Payroll and Timekeeping Clerks in Minnesota earns a median salary of $60,780 per year. After adjusting for Minnesota's cost of living (RPP=97.7), the real purchasing power is $62,210 — a +2.4% difference.
Minnesota's cost of living is 2.3% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for Minnesota is 97.7 (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 Minnesota: $60,780 x (100 / 97.7) = $62,210. 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 Minnesota enjoys 2.4% 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.