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salary information

Salary Information for a Payroll Analyst in Boston, MA

Median salary:

This data reflects Total Cash for a Level 5 Payroll Analyst at a mid-size company. To get more detailed information on total compensation for the role of Payroll Analyst in Boston, MA, including base pay, total cash, and equity by job level, region and company size, please join OpenComp.

25th percentile
50th percentile
75th percentile

Behind the numbers

What is the adjusted total comp for a Payroll Analyst in Boston, MA?

Total Comp (TC)
Cost of Living (COL) Index
COL-Adjusted TC
Median Home Price

83.4

Total Comp (TC)

Cost of Living (COL) Index
83.4
COL-Adjusted TC

Median Home Price

What are the responsibilities of a Payroll Analyst in Boston, MA?

The Payroll Analyst is responsible for accurately processing payroll, ensuring compliance with applicable laws and regulations, maintaining employee records, analyzing payroll data, and providing support to management and employees regarding payroll-related inquiries. They must maintain confidentiality, attention to detail, manage multiple priorities, and collaborate with cross-functional teams to drive continuous improvement in payroll processes.

What are the characteristics of a level 5 Payroll Analyst?

A level 5 Payroll Analyst in Boston, MA possesses a wide range of experience, and is looked to as a thought leader. Their work affects design, quality and timeline of entire product or service. Average experience 11 years.

Payroll Analyst

Benchmark Role

Individual Contributor

Job Type

Payroll

Job Family

Business

Job Area

Quality of Life in Boston, MA at an Annual Salary of $134,820

Boston, Massachusetts, is one of the major cities in the United States known for its rich history, cultural institutions, and vibrant neighborhoods. Earning $134,820 per year in Boston places an individual above the average U.S. household income. Let’s explore what quality of life this salary provides, considering Boston’s cost of living, housing market, healthcare access, and school quality.

Cost of Living

  • Higher than Average: Boston’s overall cost of living is significantly higher than the national average, driven by housing, transportation, and groceries.
  • Transportation: While public transportation is accessible and reduces the need for a car, commuting costs can still be high due to public transit fees.
  • Groceries and Dining: Expect to pay more for groceries and dining out compared to many other U.S. cities, though there are diverse options available.

Housing Market

  • Expensive Real Estate: The median home price in Boston is considerably higher than the national average, influenced by demand and limited space within the city.
  • Rent: Renting in desirable areas such as Back Bay or Beacon Hill can be particularly costly, though there are more affordable options in some suburbs and surrounding neighborhoods.
  • Home Ownership Feasibility: With a salary of $134,820, owning a home in Boston is possible but may require compromises on size or location for affordability.

Quality of Life

  • Cultural Opportunities: Boston offers an abundance of cultural, historical, and recreational activities, including museums, historical sites, and public parks.
  • Job Market: The job market in Boston is robust, especially in sectors like education, healthcare, and technology, offering strong career growth opportunities.
  • Diversity and Community: The city is known for its diverse communities and vibrant local culture, enhancing social experiences and engagement.

Access to Healthcare

  • High-Quality Healthcare: Boston is home to some of the best hospitals and medical facilities in the nation, such as Massachusetts General Hospital and Boston Children's Hospital.
  • Health Insurance: Given the higher cost of living, healthcare premiums might be more expensive, yet the access and quality of services are excellent.

Quality of K-12 Schools

  • Varied Education Quality: There is considerable variation in the quality of public schools depending on the district. However, Boston offers access to prestigious private

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OpenComp aggregates multiple data sources to provide accurate salary data for Boston, MA, specifically for a Level 5 Payroll Analyst. The primary source is real-time, crowd-sourced salary information collected through direct integrations with hundreds of customer-connected HRIS platforms.

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