Payroll Accountant Salary in Peabody, MA

How much does a Payroll Accountant make in Peabody, MA?

As of August 01, 2026, the average salary for a Payroll Accountant in Peabody, MA is $68,710 per year, which breaks down to an hourly rate of $33.

However, a Payroll Accountant's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $79,147
  • Majority Range (25th-75th percentile): $62,943 to $74,173
  • Entry-Level (10th percentile): $57,692
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View as table View as graph 25% $62,943 10% $57,692 90% $79,147 75% $74,173 $68,710 50%(Median) Didn’t find job title? Click

Payroll Accountant Salaries by Percentile

Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $74,173 $6,181 $1,426 $36
Average $68,710 $5,726 $1,321 $33
25th Percentile $62,943 $5,245 $1,210 $30
Check out Payroll Accountant Job Openings in Peabody, MA
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Key Factors That Influence Payroll Accountant Salaries

A Payroll Accountant'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, skills and company size can directly affect your earning potential.

How Experience Level Affects Payroll Accountant Salaries?

Experience is a primary driver of a Payroll Accountant'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:

  • Entry-Level (less than 1 year): $68,308
  • Early Career (1-2 years): $79,395
  • Mid-Level (2-4 years): $92,020
  • Senior-Level (5-8 years): $109,681
  • Expert (over 8 years): $154,609
Levels Salary
Payroll A... Level Payroll Accountant$68,308
Accountan... Level Payroll Accountant$79,395
Accountan... Level Payroll Accountant$92,020
Accountan... Level Payroll Accountant$109,681
Accountan... Level Payroll Accountant$154,609
$68,308 0 yr
$79,395 < 2 yrs
$92,020 2-4 yrs
$109,681 5-8 yrs
$154,609 > 8 yrs
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What Am I Worth?

Top Paying Cities for Payroll Accountants

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $79,958
  • San Francisco: $79,083
  • Oakland: $77,416

What Skills Can Increase a Payroll Accountant's Salary?

Demanded Skills for the Role:

  • Analysis (Mentioned in 5.06% Job Postings): Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  • CPA (Mentioned in 2.85% Job Postings): A CPA, or Certified Public Accountant, is a trusted financial advisor who helps individuals, businesses, and other organizations plan and reach their financial goals.
  • Bookkeeping (Mentioned in 1.48% Job Postings): Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While these may be viewed as "real" bookkeeping, any process for recording financial transactions is a bookkeeping process. Bookkeeping is the work of a bookkeeper (or book-keeper), who records the day-to-day financial transactions of a business. They usually write the daybooks (which contain records of sales, purchases, receipts, and payments), and document each financial transaction, whether cash or credit, into the correct daybook—that is, petty cash book, suppliers ledger, customer ledger, etc.—and the general ledger. Thereafter, an accountant can create financial reports from the information recorded by the bookkeeper.
See More Skills
Skills Demand Percentage
Analysis 5.06%
CPA 2.85%
Bookkeeping 1.48%
What skills can make your compensation higher?
Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Payroll Accountant's salary.
  • Coordination: Can increase your salary by up to 6%.
  • Leadership: Can increase your salary by up to 6%.
  • Collaboration: Can increase your salary by up to 4%.
Skill Salary Salary % Increase
Coordination
$72,832
6%
Leadership
$72,832
6%
Collaboration
$71,458
4%
Initiative
$71,458
4%
Analysis
$71,458
4%
Finance and Accounting
$71,458
4%
Get Latest Data

Payroll Accountant Salary by Industry: Top Paying Sectors

For Payroll Accountant roles, the industry you choose can affect earning potential by as much as 110% (the gap between the highest and lowest paying industries). Data shows that the Software & Networking and Financial Services sectors offer the strongest compensation, at 35% above the average. In contrast, Payroll Accountant positions in Transportation or Telecom typically offer lower base pay, as these industries often view Payroll Accountant as a support function rather than a direct revenue driver.

The top paying industries for a Payroll Accountant

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Software & Networking$92,758$45.035%
Financial Services$89,322$43.030%
Biotechnology$85,887$41.025%
Pharmaceuticals$85,887$41.025%
Energy & Utilities$82,451$40.020%

Payroll Accountant Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Payroll Accountant'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 August 01, 2026

Find Your Next Payroll Accountant Job

Ready to take the next step in your career? Browse thousands of current Payroll Accountant job openings on our job board. Use the search bar below to find your perfect match.

United States
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    Peabody, MA

    Stop &amp; Shop | Peabody, MA

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    Peabody, MA

    Brooksby Village by Erickson Senior Living | Peabody, MA

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    8 Days Ago

  • The U Group, LLC

    Peabody, MA

    The U Group, LLC | Peabody, MA

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    Peabody, MA

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    8 Days Ago

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    Peabody, MA

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