SalaryNode

Average Aerospace Engineers Salary in New York

Aerospace Engineers in New York earn an average annual salary of $131,040, which is slightly below the national average of $141,460. This differential can be attributed to various factors, including the specific industry demands within the state, the concentration of aerospace companies, and the overall economic landscape that influences compensation packages.

Executive Summary

  • Average Salary: $131,040 per year.
  • Growth Trend: Salaries have shifted 17.0% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $209,020.
  • Outlook: With a local workforce of 730 Aerospace Engineers and a Location Quotient of 0.17, the job market in New York indicates a specialized, rather than a highly concentrated, presence of this profession. While not a national hub, the existing workforce suggests a stable demand for skilled professionals within specific sectors of the aerospace industry in the state.
2024 Market Data

Salary Overview

$131,040

The average Aerospace Engineers in New York earns-7.4%below the national average.

BreakdownBased on 40h/week
Hourly

$63

Weekly

$2,520

Monthly

$10,920

Aerospace Engineers Salary Distribution in New York

Salary progression for Aerospace Engineers in New York typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while senior engineers with specialized skills and extensive project management experience can command salaries in the upper percentiles, reflecting a substantial increase in earning potential throughout their careers.

Experience LevelMarket PercentileAnnual WageHourly Rate
Junior / AssociateEntry level. Focus on learning core skills & codebase.10% (Entry)$86,240$41.5
Engineer IProficient contributor. Handles tasks independently.25% (Junior)$98,280$47.3
Senior EngineerSystem design, complex problem solving, mentoring.50% (Median)$125,270$60.2
Lead / StaffTechnical strategy, architecture, cross-team impact.75% (Senior)$163,800$78.8
Principal / ArchitectIndustry expert. Driving technical vision & innovation.90% (Expert)$209,020$100.5

Detailed Aerospace Engineers Market Analysis

Relocation Context

Nominal Salary

$131,040

Gross Pay

Real Wage (Purchasing Power)

$104,748

Adjusted for COL (125.1)

The nominal average salary of $131,040 in New York must be viewed in the context of its Cost of Living Index of 125.1. This means that while the absolute salary appears substantial, the purchasing power is reduced due to the higher cost of goods and services compared to the national average, requiring a careful financial assessment for potential relocators.

Job Market Context

730

Total Jobs

0.076

Per 1K Jobs

0.17

Location Quotient

Low Concentration

At 0.17x, New York has a notably lower concentration of Aerospace Engineers jobs than the national average. Opportunities in this area are relatively scarce for this profession.

A Location Quotient of 0.17 signifies that Aerospace Engineers are less concentrated in New York compared to the national average. This suggests that while opportunities exist, the market is not saturated, and specialized talent may be in demand, potentially leading to competitive compensation for highly qualified individuals.

Nearby Job Markets

Nearby Cities for Aerospace Engineers

CitySalaryDist.
Albany-Schenectady-Troy, NY Aerospace Engineers Salary$135,900↑ 4%68 mi

Comparing salaries near New York

Hiring Aerospace Engineerss?

Frequently Asked Questions

How much does a Aerospace Engineers make in New York?

The median annual salary for a Aerospace Engineers in New York is $131,040. This typically ranges from $86,240 for entry-level positions to $209,020 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in New York is 7.4% lower than the national median of $141,460.

Is New York a lucrative place for Aerospace Engineers?

Yes, with caveats.While the average salary is slightly below the national average, the high cost of living means that the effective take-home pay might be less than anticipated. However, specialized roles and experience can still lead to high earnings.

Is New York a good place to live for Aerospace Engineers?

The Cost of Living Index in New York is 125.1. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near New York?

Some top paying nearby cities include Albany-Schenectady-Troy, NY ($135,900) and others.

What is the average salary for an Aerospace Engineer in New York?

The average annual salary for an Aerospace Engineer in New York is $131,040.

How does New York's Aerospace Engineer salary compare to the national average?

The average salary in New York ($131,040) is approximately 7.7% lower than the national average ($141,460).

What is the Cost of Living Index in New York?

New York has a Cost of Living Index of 125.1, meaning it is 25.1% more expensive than the national average.

How concentrated is the Aerospace Engineer job market in New York?

The job market for Aerospace Engineers in New York is less concentrated than the national average, with a Location Quotient of 0.17.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 730 employees in the New York area with a job density of 0.076 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Aerospace Engineers • Data source: BLS OEWS 2024 •Jobs in New York