Average Payroll Specialist Salary in Puerto Rico for 2026

In this article, we will look at the average Payroll Specialist salary for 2026 in Puerto Rico and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the United States dollar. To keep things simple, we are using the USD currency code instead of the currency symbol $.

How Much Does a Payroll Specialist Make in Puerto Rico?

A Payroll Specialist working in Puerto Rico will typically earn around 13,900 USD per year, and this can range from the lowest average salary of about 6,030 USD to the highest average salary of 21,100 USD.

Average Annual Salary13,900 USD
Average Monthly Salary1,158 USD
Average Lowest Salary6,030 USD
Lowest Monthly Salary502 USD
Average Highest Salary21,100 USD
Highest Monthly Salary1,758 USD

These are average salaries for a Payroll Specialist in Puerto Rico and include benefits such as housing and transport. It's also possible for a Payroll Specialist to earn more or less than the average salaries shown above.

Payroll Specialist salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Payroll Specialist Salaries in Puerto Rico

So we've looked at the average salaries a Payroll Specialist will earn in Puerto Rico. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Payroll Specialist can earn between 6,030 USD and 21,100 USD on average in Puerto Rico. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Payroll Specialist in Puerto Rico is 15,300 USD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 15,300 USD, and 50% of the population earn more than 15,300 USD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Payroll Specialist salary in Puerto Rico, 25% of the population are earning less than 9,610 USD while 75% of the population earn more than 9,610 USD.

75% of the population earn less than 17,900 USD, and 25% of the population earn more than 17,900 USD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Payroll Specialist Salary by Experience Level in Puerto Rico

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average Payroll Specialist salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Payroll Specialist in Puerto Rico that has less than two years of experience can expect to earn somewhere in the region of 8,950 USD.
  • 2 - 5 Years Experience. With two to five years of experience the average Payroll Specialist salary would increase to 12,300 USD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Payroll Specialist, the average salary would be 15,300 USD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 19,100 USD.
  • 15 - 20 Years Experience. A Payroll Specialist with 15 to 20 years of experience can earn an average of 20,300 USD.
  • 20+ Years Experience. For a Payroll Specialist with more than 20 years, the expected average salary increases to 21,100 USD.

Average Salary by Experience Chart

0-2 Years-
8,950 USD
2-5 Years+42%
12,300 USD
5-10 Years+31%
15,300 USD
10-15 Years+23%
19,100 USD
15-20 Years+6%
20,300 USD
20+ Years+10%
21,100 USD

Payroll Specialist Salary by Education Level in Puerto Rico

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Payroll Specialist in Puerto Rico based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Payroll Specialist in Puerto Rico with a high school education can earn an average salary of 10,500 USD.
  • Certificate or Diploma. A Payroll Specialist in Puerto Rico with a certificate or diploma education can earn an average salary of 10,800 USD.
  • Bachelor's Degree. A Payroll Specialist in Puerto Rico with a bachelor's degree education can earn an average salary of 16,800 USD.
  • Master's Degree. A Payroll Specialist in Puerto Rico with a master's degree education can earn an average salary of 20,400 USD.

Average Salary by Education Chart

High School-
10,500 USD
Certificate or Diploma+16%
10,800 USD
Bachelor's Degree+46%
16,800 USD
Master's Degree+23%
20,400 USD

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Puerto Rico is around 8,390 to 25,200 USD and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Payroll Specialist Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Puerto Rico, a male payroll specialist will earn an average of 14,200 USD, while a female payroll specialist will earn around 13,900 USD.

This means that a male payroll specialist earns approximately 2% more than a female payroll specialist for performing the same job.

Average Salary by Gender Chart in Puerto Rico

Male-
14,200 USD
Female-2%
13,900 USD

Payroll Specialist Average Pay Raise in Puerto Rico

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Payroll Specialist in Puerto Rico is around 7% every 28 months.

The national average pay raise across all professions and industries in Puerto Rico is around 4% every 29 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 7 ÷ 28 ) × 12  = 3%

What this means is that a Payroll Specialist in Puerto Rico can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Puerto Rico for 2026

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Puerto Rico.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking-
4%
Energy-
8%
Information Technology-
3%
Healthcare-
7%
Travel-
2%
Construction-
6%
Education-
1%

Payroll Specialist Bonus and Incentive Rates in Puerto Rico

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Payroll Specialist is a low bonus based job, with 39% of employees reporting at least one bonus in the last 12 months.

61% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 6%.

Received Bonus-
39%
No Bonus-
61%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Puerto Rico earn approximately 23% more than private sector employees in the same role.

Public Sector-
23,400 USD
Private Sector-23%
19,000 USD

Salaries for Jobs Similar to a Payroll Specialist

In the table below, we have salary information for jobs that are similar to a Payroll Specialist in Puerto Rico.

Job TitleCategorySalary
Account ExaminerAccounting and Finance7,820 USD
Account ExecutiveAccounting and Finance16,900 USD
AccountantAccounting and Finance14,700 USD
Accounting AnalystAccounting and Finance16,100 USD
Accounting AssistantAccounting and Finance11,900 USD
Accounting AssociateAccounting and Finance11,640 USD
Accounting ClerkAccounting and Finance7,230 USD
Accounting CoordinatorAccounting and Finance12,800 USD
Accounting HeadAccounting and Finance26,900 USD
Accounting ManagerAccounting and Finance30,700 USD
Accounting OfficerAccounting and Finance7,820 USD
Accounting SpecialistAccounting and Finance18,900 USD
Accounting SupervisorAccounting and Finance16,300 USD
Accounting TechnicianAccounting and Finance7,850 USD
Accounting Unit ControllerAccounting and Finance20,700 USD
Accounts ExecutiveAccounting and Finance16,900 USD
Accounts OfficerAccounting and Finance12,300 USD
Accounts Payable AssistantAccounting and Finance13,000 USD
Accounts Payable AssociateAccounting and Finance12,600 USD
Accounts Payable ClerkAccounting and Finance11,300 USD
Accounts Payable ManagerAccounting and Finance25,800 USD
Accounts Payable and Receivable SpecialistAccounting and Finance14,500 USD
Accounts Receivable AdministratorAccounting and Finance20,400 USD
Accounts Receivable ClerkAccounting and Finance7,820 USD
Accounts Receivable Financial AnalystAccounting and Finance20,300 USD
Accounts Receivable ManagerAccounting and Finance25,500 USD
Accounts Receivable Team LeaderAccounting and Finance22,000 USD
Assistant AccountantAccounting and Finance12,300 USD
Assistant Accounting ManagerAccounting and Finance27,600 USD
Assistant AuditorAccounting and Finance14,900 USD
Assistant Corporate ControllerAccounting and Finance17,100 USD
Assistant Finance ManagerAccounting and Finance29,600 USD
Assistant Financial ControllerAccounting and Finance20,200 USD
Audit DirectorAccounting and Finance30,000 USD
Audit SupervisorAccounting and Finance23,600 USD
Auditing ClerkAccounting and Finance12,300 USD
Auditing ManagerAccounting and Finance29,300 USD
Billing ClerkAccounting and Finance11,900 USD
Billing CoordinatorAccounting and Finance12,500 USD
Billing SpecialistAccounting and Finance13,100 USD
Billing SupervisorAccounting and Finance20,000 USD
BookkeeperAccounting and Finance7,460 USD
Bookkeeping SpecialistAccounting and Finance13,900 USD
Budget AnalystAccounting and Finance22,800 USD
Budget ManagerAccounting and Finance27,300 USD
Business Support AnalystAccounting and Finance14,200 USD
Capital Markets AssociateAccounting and Finance20,200 USD
Cash Flow AnalystAccounting and Finance20,000 USD
Cash Management ManagerAccounting and Finance26,200 USD
Cash Management OfficerAccounting and Finance13,500 USD
Cashbook ClerkAccounting and Finance6,990 USD
Chartered AccountantAccounting and Finance18,300 USD
Chief AccountantAccounting and Finance21,200 USD
Collections ClerkAccounting and Finance8,350 USD
Collections RepresentativeAccounting and Finance12,600 USD
Collections SpecialistAccounting and Finance14,200 USD
Corporate ControllerAccounting and Finance21,100 USD
Corporate TreasurerAccounting and Finance26,500 USD
Cost AccountantAccounting and Finance13,900 USD
Cost Accounting ManagerAccounting and Finance28,800 USD
Cost Accounting SupervisorAccounting and Finance22,300 USD
Cost AnalystAccounting and Finance21,100 USD
Credit ControllerAccounting and Finance17,900 USD
Credit ManagerAccounting and Finance30,800 USD
Credit and Collection ManagerAccounting and Finance27,800 USD
Credit and Collection StaffAccounting and Finance8,100 USD
Credit and Loans OfficerAccounting and Finance9,140 USD
Debt AdviserAccounting and Finance21,300 USD
Debt CollectorAccounting and Finance12,300 USD
Debtors ClerkAccounting and Finance9,660 USD
Debtors ControllerAccounting and Finance7,820 USD
Deputy CFOAccounting and Finance39,500 USD
Deputy Head of FinanceAccounting and Finance36,500 USD
Derivative TraderAccounting and Finance24,400 USD
Director of FinanceAccounting and Finance42,500 USD
EconomistAccounting and Finance32,200 USD
Equity AnalystAccounting and Finance22,200 USD
Escrow AssistantAccounting and Finance12,600 USD
Executive AccountantAccounting and Finance14,300 USD
External AuditorAccounting and Finance20,300 USD
Finance AdministratorAccounting and Finance15,400 USD
Finance AnalystAccounting and Finance24,400 USD
Finance AssociateAccounting and Finance12,600 USD
Finance DirectorAccounting and Finance42,000 USD
Finance ExecutiveAccounting and Finance29,600 USD
Finance Licensing ClerkAccounting and Finance11,640 USD
Finance Licensing ManagerAccounting and Finance27,600 USD
Finance Licensing SpecialistAccounting and Finance15,300 USD
Finance ManagerAccounting and Finance36,400 USD
Finance OfficerAccounting and Finance13,000 USD
Finance PresidentAccounting and Finance42,500 USD
Finance Relationship ManagerAccounting and Finance32,300 USD
Finance Release AnalystAccounting and Finance15,100 USD
Finance SpecialistAccounting and Finance22,300 USD
Finance Team Leader Accounting and Finance30,800 USD
Financial AccountantAccounting and Finance13,600 USD
Financial ActuaryAccounting and Finance18,600 USD
Financial AdministratorAccounting and Finance23,400 USD
Financial AdvisorAccounting and Finance27,400 USD
Financial AnalystAccounting and Finance24,400 USD
Financial Applications SpecialistAccounting and Finance19,400 USD
Financial AssistantAccounting and Finance13,000 USD
Financial AssociateAccounting and Finance12,300 USD
Financial AssociateAccounting and Finance13,900 USD
Financial Claims AnalystAccounting and Finance19,200 USD
Financial Claims ManagerAccounting and Finance24,800 USD
Financial Claims SupervisorAccounting and Finance23,400 USD
Financial ClerkAccounting and Finance11,900 USD
Financial Commercial AnalystAccounting and Finance18,200 USD
Financial Compliance AnalystAccounting and Finance23,400 USD
Financial ConsultantAccounting and Finance19,100 USD
Financial ControllerAccounting and Finance21,100 USD
Financial CoordinatorAccounting and Finance12,600 USD
Financial Customer Service ManagerAccounting and Finance23,600 USD
Financial Dealer and BrokerAccounting and Finance15,300 USD
Financial DirectorAccounting and Finance42,000 USD
Financial EncoderAccounting and Finance13,000 USD
Financial ManagerAccounting and Finance36,400 USD
Financial ManagerAccounting and Finance37,100 USD
Financial Operations ManagerAccounting and Finance32,600 USD
Financial Policy AnalystAccounting and Finance20,700 USD
Financial Project ManagerAccounting and Finance27,200 USD
Financial Quantitative AnalystAccounting and Finance24,400 USD
Financial Reporting ConsultantAccounting and Finance18,200 USD
Financial Reporting ManagerAccounting and Finance26,500 USD
Financial Section HeadAccounting and Finance23,600 USD
Financial Services ManagerAccounting and Finance32,600 USD
Financial Services Sales AgentAccounting and Finance17,100 USD
Fixed Assets AdministratorAccounting and Finance13,900 USD
Forensic AccountantAccounting and Finance16,100 USD
Fraud Detection SupervisorAccounting and Finance16,100 USD
Fraud Prevention ManagerAccounting and Finance27,000 USD
Fund AccountantAccounting and Finance15,100 USD
Grants CoordinatorAccounting and Finance11,300 USD
Group Financial ManagerAccounting and Finance39,500 USD
Internal AuditorAccounting and Finance19,100 USD
Internal Control AdviserAccounting and Finance23,000 USD
Internal Control OfficerAccounting and Finance10,000 USD
International Tax DirectorAccounting and Finance30,200 USD
Inventory AccountantAccounting and Finance14,500 USD
Investment AdvisorAccounting and Finance37,300 USD
Investment AnalystAccounting and Finance25,800 USD
Investment AssociateAccounting and Finance20,700 USD
Investment BrokerAccounting and Finance20,700 USD
Investment Fund ManagerAccounting and Finance30,600 USD
Investment Operations ManagerAccounting and Finance30,600 USD
Investment UnderwriterAccounting and Finance12,800 USD
InvestorAccounting and Finance19,000 USD
Investor Relations ManagerAccounting and Finance26,500 USD
KYC Team LeaderAccounting and Finance27,400 USD
Loan ProcessorAccounting and Finance12,300 USD
Management AccountantAccounting and Finance14,000 USD
Management EconomistAccounting and Finance30,300 USD
PaymasterAccounting and Finance13,000 USD
Payroll AdministratorAccounting and Finance20,300 USD
Payroll Benefits CoordinatorAccounting and Finance17,100 USD
Payroll Billing ManagerAccounting and Finance23,600 USD
Payroll ClerkAccounting and Finance12,200 USD
Payroll ManagerAccounting and Finance25,400 USD
Payroll OfficerAccounting and Finance12,800 USD
Payroll SupervisorAccounting and Finance18,300 USD
Pensions AdministratorAccounting and Finance14,000 USD
Personal Financial AdvisorAccounting and Finance21,200 USD
Pricing AnalystAccounting and Finance23,400 USD
Private Equity AnalystAccounting and Finance23,600 USD
Project AccountantAccounting and Finance15,200 USD
Proposal Development CoordinatorAccounting and Finance12,600 USD
Receivables AccountantAccounting and Finance12,800 USD
Regulatory AccountantAccounting and Finance13,500 USD
Retirement Plan AnalystAccounting and Finance21,100 USD
Revenue Management SpecialistAccounting and Finance22,300 USD
Revenue Recognition AnalystAccounting and Finance26,400 USD
Risk Management DirectorAccounting and Finance32,200 USD
Risk Management SupervisorAccounting and Finance29,600 USD
Staff AccountantAccounting and Finance11,800 USD
Tax AccountantAccounting and Finance13,500 USD
Tax AdministratorAccounting and Finance15,500 USD
Tax AdvisorAccounting and Finance18,600 USD
Tax AnalystAccounting and Finance20,000 USD
Tax AssociateAccounting and Finance12,800 USD
Tax ConsultantAccounting and Finance20,700 USD
Tax DirectorAccounting and Finance32,900 USD
Tax ExaminerAccounting and Finance12,400 USD
Tax ManagerAccounting and Finance29,000 USD
Tax Research ManagerAccounting and Finance25,500 USD
TellerAccounting and Finance6,580 USD
Treasury AccountantAccounting and Finance14,200 USD
Treasury AnalystAccounting and Finance23,500 USD
UnderwriterAccounting and Finance7,850 USD
Underwriting AssistantAccounting and Finance9,340 USD
Vice President of FinanceAccounting and Finance37,300 USD

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