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Average Brokerage Clerks Salary in Baltimore-Columbia-Towson, MD

Brokerage Clerks in the Baltimore-Columbia-Towson, MD area earn an impressive average annual salary of $68,440. This figure slightly surpasses the national average of $67,890, indicating a favorable compensation landscape in this region. The local economic conditions and demand for specialized financial support roles likely contribute to this elevated pay.

Executive Summary

  • Average Salary: $68,440 per year.
  • Growth Trend: Salaries have shifted 16.6% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $85,870.
  • Outlook: The Baltimore-Columbia-Towson, MD market for Brokerage Clerks shows a healthy concentration, with a Location Quotient of 1.17, suggesting a slightly higher presence of these roles compared to the national average. While the total local workforce of 410 is modest, this concentration implies a stable demand for skilled professionals in this sector within the area.
2024 Market Data

Salary Overview

$68,440

The average Brokerage Clerks in Baltimore-Columbia-Towson, MD earns+0.8%above the national average.

BreakdownBased on 40h/week
Hourly

$32.9

Weekly

$1,316

Monthly

$5,703

Brokerage Clerks Salary Distribution in Baltimore-Columbia-Towson, MD

The career trajectory for Brokerage Clerks typically involves salary increases with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive knowledge of financial markets and compliance can command salaries in the upper percentiles. These percentile gaps highlight significant opportunities for career progression and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$53,290$25.6
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$51,330$24.7
ManagerOversees team, compliance, and project delivery.50% (Median)$63,880$30.7
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$85,550$41.1
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$85,870$41.3

Detailed Brokerage Clerks Market Analysis

Relocation Context

Nominal Salary

$68,440

Gross Pay

Real Wage (Purchasing Power)

$68,440

Adjusted for COL (100)

With an average annual salary of $68,440 and a Cost of Living Index of 100, Brokerage Clerks in Baltimore-Columbia-Towson, MD experience a salary that perfectly aligns with the national average cost of living. This means that the purchasing power of their earnings is equivalent to the national standard, offering a balanced financial environment for residents.

Job Market Context

410

Total Jobs

0.304

Per 1K Jobs

1.17

Location Quotient

Above Average

With a location quotient of 1.17, Baltimore-Columbia-Towson, MD has a slightly higher-than-average concentration of Brokerage Clerks roles compared to the national norm.

The Location Quotient of 1.17 for Brokerage Clerks in Baltimore-Columbia-Towson, MD signifies a market where these roles are slightly more concentrated than the national average. This suggests a healthy, albeit not overwhelmingly saturated, job market, indicating a steady demand for professionals in this field within the region.

Nearby Job Markets

Nearby Cities for Brokerage Clerks

CitySalaryDist.
Washington-Arlington-Alexandria, DC-VA-MD-WV Brokerage Clerks Salary$71,380↑ 4%35 mi
York-Hanover, PA Brokerage Clerks Salary$57,360↓ 16%47 mi

Comparing salaries near Baltimore-Columbia-Towson, MD

Hiring Brokerage Clerkss?

Frequently Asked Questions

How much does a Brokerage Clerks make in Baltimore-Columbia-Towson, MD?

The median annual salary for a Brokerage Clerks in Baltimore-Columbia-Towson, MD is $68,440. This typically ranges from $53,290 for entry-level positions to $85,870 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Baltimore-Columbia-Towson, MD is 0.8% higher than the national median of $67,890.

Is Baltimore-Columbia-Towson, MD a lucrative place for Brokerage Clerks?

Yes, it offers competitive compensation.The average salary of $68,440 is slightly above the national average, and the cost of living is exactly at the national average, making it a financially stable location for these professionals.

Is Baltimore-Columbia-Towson, MD a good place to live for Brokerage Clerks?

The Cost of Living Index in Baltimore-Columbia-Towson, MD is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Baltimore-Columbia-Towson, MD?

Some top paying nearby cities include Washington-Arlington-Alexandria, DC-VA-MD-WV ($71,380) and York-Hanover, PA.

How does the Baltimore-Columbia-Towson salary compare to the national average?

The average annual salary for Brokerage Clerks in Baltimore-Columbia-Towson, MD is $68,440, which is slightly higher than the national average of $67,890.

What is the Cost of Living Index in Baltimore-Columbia-Towson, MD?

The Cost of Living Index for Baltimore-Columbia-Towson, MD is 100, which is exactly the national average.

How concentrated are Brokerage Clerk jobs in this area?

The Location Quotient is 1.17, indicating that Brokerage Clerk jobs are slightly more concentrated in Baltimore-Columbia-Towson, MD than the national average.

What is the total number of Brokerage Clerks in this local workforce?

There are approximately 410 Brokerage Clerks employed within the Baltimore-Columbia-Towson, MD metropolitan area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 410 employees in the Baltimore-Columbia-Towson, MD area with a job density of 0.304 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Baltimore-Columbia-Towson, MD

Semantic Salary Analysis for Brokerage Clerks • Data source: BLS OEWS 2024 •Jobs in Baltimore-Columbia-Towson, MD