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Average Aerospace Engineers Salary in New York-Newark-Jersey City, NY-NJ

Aerospace Engineers in the New York-Newark-Jersey City, NY-NJ metropolitan area command an impressive average annual salary of $145,580. This figure slightly surpasses the national average of $141,460, indicating a competitive market for these specialized professionals. The higher compensation in this region can be attributed to a combination of factors, including the concentration of related industries and the overall cost of doing business in a major economic hub.

Executive Summary

  • Average Salary: $145,580 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $195,500.
  • Outlook: With a local workforce of 610 Aerospace Engineers, the job market in New York-Newark-Jersey City, NY-NJ presents a modest but stable presence. The Location Quotient of 0.15 suggests that while Aerospace Engineers are present, they are not disproportionately concentrated compared to the national average. This indicates a steady demand that aligns with broader national trends rather than a hyper-specialized local boom, suggesting a consistent but not explosive job growth environment.
2024 Market Data

Salary Overview

$145,580

The average Aerospace Engineers in New York-Newark-Jersey City, NY-NJ earns+2.9%above the national average.

BreakdownBased on 40h/week
Hourly

$70

Weekly

$2,800

Monthly

$12,132

Aerospace Engineers Salary Distribution in New York-Newark-Jersey City, NY-NJ

Salary progression for Aerospace Engineers in New York-Newark-Jersey City, NY-NJ typically follows a clear trajectory based on experience. Entry-level positions will naturally command lower salaries, often falling into the lower percentiles, while seasoned professionals with extensive expertise and a proven track record can expect to earn significantly more, reaching the upper percentiles. The widening gap between entry-level and senior salaries reflects the increasing value and responsibility associated with advanced roles in the aerospace sector.

Experience LevelMarket PercentileAnnual WageHourly Rate
Junior / AssociateEntry level. Focus on learning core skills & codebase.10% (Entry)$98,390$47.3
Engineer IProficient contributor. Handles tasks independently.25% (Junior)$109,185$52.5
Senior EngineerSystem design, complex problem solving, mentoring.50% (Median)$135,530$65.2
Lead / StaffTechnical strategy, architecture, cross-team impact.75% (Senior)$181,975$87.5
Principal / ArchitectIndustry expert. Driving technical vision & innovation.90% (Expert)$195,500$94

Detailed Aerospace Engineers Market Analysis

Relocation Context

Nominal Salary

$145,580

Gross Pay

Real Wage (Purchasing Power)

$145,580

Adjusted for COL (100)

The nominal average annual salary of $145,580 for Aerospace Engineers in the New York-Newark-Jersey City, NY-NJ area aligns precisely with the national average cost of living, which is indexed at 100. This means that, on average, the purchasing power of an Aerospace Engineer's salary in this region is comparable to that of an engineer in a typical U.S. location. While the salary is robust, the cost of living does not offer a significant advantage or disadvantage, suggesting that the compensation is commensurate with the local economic environment.

Job Market Context

610

Total Jobs

0.065

Per 1K Jobs

0.15

Location Quotient

Low Concentration

At 0.15x, New York-Newark-Jersey City, NY-NJ has a notably lower concentration of Aerospace Engineers jobs than the national average. Opportunities in this area are relatively scarce for this profession.

The Location Quotient (LQ) of 0.15 for Aerospace Engineers in the New York-Newark-Jersey City, NY-NJ area indicates a lower concentration of these professionals compared to the national average. An LQ below 1.0 suggests that the industry is less prevalent in this specific metropolitan area than it is nationwide. This implies that while opportunities exist, the market is not saturated, and the demand may be driven by specific, perhaps niche, sectors within the broader aerospace field rather than widespread industry dominance.

Nearby Job Markets

Nearby Cities for Aerospace Engineers

CitySalaryDist.
Bridgeport-Stamford-Danbury, CT Aerospace Engineers Salary$146,000↑ 0%54 mi
Waterbury-Shelton, CT Aerospace Engineers Salary$135,240↓ 7%77 mi

Comparing salaries near New York-Newark-Jersey City, NY-NJ

Hiring Aerospace Engineerss?

Frequently Asked Questions

How much does a Aerospace Engineers make in New York-Newark-Jersey City, NY-NJ?

The median annual salary for a Aerospace Engineers in New York-Newark-Jersey City, NY-NJ is $145,580. This typically ranges from $98,390 for entry-level positions to $195,500 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in New York-Newark-Jersey City, NY-NJ is 2.9% higher than the national median of $141,460.

Is New York-Newark-Jersey City, NY-NJ a lucrative place for Aerospace Engineers?

Yes, it offers competitive compensation.Aerospace Engineers in this region earn slightly above the national average salary. While the cost of living is also at the national average, the higher nominal pay provides a strong financial standing.

Is New York-Newark-Jersey City, NY-NJ a good place to live for Aerospace Engineers?

The Cost of Living Index in New York-Newark-Jersey City, NY-NJ is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near New York-Newark-Jersey City, NY-NJ?

Some top paying nearby cities include Bridgeport-Stamford-Danbury, CT ($146,000) and Waterbury-Shelton, CT.

How does the local salary compare to the national average?

The average annual salary for Aerospace Engineers in New York-Newark-Jersey City, NY-NJ is $145,580, which is higher than the national average of $141,460.

What is the concentration of Aerospace Engineers in this area?

The concentration, measured by the Location Quotient, is 0.15, indicating that Aerospace Engineers are less concentrated in this region compared to the national average.

How does the cost of living affect the salary?

The cost of living in New York-Newark-Jersey City, NY-NJ is at the national average (100), meaning the $145,580 salary has purchasing power equivalent to the national average.

What does the job market look like for Aerospace Engineers here?

With 610 local workers and a low Location Quotient, the job market is stable but not overly concentrated, suggesting consistent demand without intense competition.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 610 employees in the New York-Newark-Jersey City, NY-NJ area with a job density of 0.065 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in New York-Newark-Jersey City, NY-NJ

Semantic Salary Analysis for Aerospace Engineers • Data source: BLS OEWS 2024 •Jobs in New York-Newark-Jersey City, NY-NJ