As of July 01, 2026, the average salary for a Payroll Team Lead in Colorado is $90,754 per year, which breaks down to an hourly rate of $44.
However, a Payroll Team Lead's salary can vary significantly. Here’s a look at the typical salary range:
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A Payroll Team Lead's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.
Experience is a primary driver of a Payroll Team Lead's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Payroll Administrator III | 4-7 years | $86,368 |
| Payroll Administrator IV | 7+ years | $104,851 |
| Payroll Team Lead | 7+ years | $90,754 |
| Payroll Supervisor | 7+ years | $97,411 |
| Payroll Manager | 7+ years | $113,778 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Payroll Team Leads. For example, consider the average annual salaries in these key locations:
Payroll Team Lead salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $101,507. While startup companies pay approximate $85,845.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $85,845 |
| Growth Stage | 51~500 | $90,794 |
| Established | 501~5000 | $98,025 |
| Enterprise | 5000+ | $101,507 |
For Payroll Team Lead roles, the industry you choose can affect earning potential by as much as 100% (the gap between the highest and lowest paying industries). Data shows that the Aerospace & Defense and Business Services sectors offer the strongest compensation, at 50% above the average. In contrast, Payroll Team Lead positions in Biotechnology or Transportation typically offer lower base pay, as these industries often view Payroll Team Lead as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Aerospace & Defense | $136,130 | $65.0 | 50% |
Understanding how a Payroll Team Lead's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on July 01, 2026For a Payroll Team Lead, the most direct path to higher earnings is advancing to the Payroll Supervisor role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $97,411 - a projected growth of 7% over your current level.
Ready to take the next step in your career? Browse thousands of current Payroll Team Lead job openings on our job board. Use the search bar below to find your perfect match.
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