Average Brokerage Clerks Salary in Connecticut
Brokerage Clerks in Connecticut earn an impressive average annual salary of $74,400, significantly surpassing the national average of $67,890. This higher compensation in Connecticut is likely influenced by a combination of factors, including the state's robust financial sector and a higher cost of living, which necessitates greater remuneration for its workforce.
Executive Summary
- Average Salary: $74,400 per year.
- Growth Trend: Salaries have shifted 5.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $99,060.
- Outlook: With a total local workforce of 260 Brokerage Clerks, Connecticut presents a specialized but stable job market for this role. The Location Quotient of 0.59 indicates a concentration below the national average, suggesting that while the profession is present, it is not disproportionately dominant within the state's overall employment landscape. This moderate concentration implies a steady demand for skilled professionals rather than an oversaturated market.
Salary Overview
The average Brokerage Clerks in Connecticut earns+9.6%above the national average.
$35.8
$1,431
$6,200
Brokerage Clerks Salary Trends (2020-2024)
While specific historical data for Brokerage Clerk salary growth in Connecticut over the past four years is not provided, it is reasonable to assume a positive trend mirroring national economic patterns. Typically, salaries in specialized roles within established financial hubs like Connecticut tend to experience steady growth, driven by inflation, increased demand for financial services, and the need to retain experienced talent.
Brokerage Clerks Salary Distribution in Connecticut
The salary trajectory for Brokerage Clerks in Connecticut typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with several years of dedicated experience can command salaries well into the upper percentiles. These percentile gaps highlight the clear career progression and increased earning potential available to those who advance within the brokerage clerk field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $61,410 | $29.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $55,800 | $26.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $74,680 | $35.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $93,000 | $44.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $99,060 | $47.6 |
Detailed Brokerage Clerks Market Analysis
Relocation Context
Nominal Salary
$74,400
Gross Pay
Real Wage (Purchasing Power)
$65,782
Adjusted for COL (113.1)
While the nominal salary of $74,400 for Brokerage Clerks in Connecticut appears attractive, it's essential to consider the local Cost of Living Index of 113.1. This index, which is 13.1% above the national average, means that the purchasing power of $74,400 in Connecticut is somewhat diminished compared to the national average. Therefore, while the gross salary is higher, the effective disposable income may be closer to, or slightly above, the national average after accounting for increased living expenses.
Job Market Context
260
Total Jobs
0.154
Per 1K Jobs
0.59
Location Quotient
Connecticut has 0.59x the national average concentration of Brokerage Clerks jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient (LQ) of 0.59 for Brokerage Clerks in Connecticut suggests that this profession is less concentrated in the state compared to the national average. An LQ below 1.0 indicates that there are fewer Brokerage Clerks per worker in Connecticut than the national average. This could imply a less competitive market for job seekers, potentially offering more opportunities relative to the number of available professionals, or it could reflect a niche demand within the state's economy.
Nearby Job Markets
Nearby Cities for Brokerage Clerks
| City | Salary | Dist. |
|---|---|---|
| Hartford-West Hartford-East Hartford, CT Brokerage Clerks Salary | $70,160↓ 6% | 12 mi |
| Bridgeport-Stamford-Danbury, CT Brokerage Clerks Salary | $76,220↑ 2% | 36 mi |
Comparing salaries near Connecticut
Hiring Brokerage Clerkss?
Frequently Asked Questions
How much does a Brokerage Clerks make in Connecticut?
The median annual salary for a Brokerage Clerks in Connecticut is $74,400. This typically ranges from $61,410 for entry-level positions to $99,060 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Connecticut is 9.6% higher than the national median of $67,890.
Is Connecticut a lucrative place for Brokerage Clerks?
Yes, Connecticut offers a lucrative environment for Brokerage Clerks.The average salary of $74,400 significantly exceeds the national average, providing a strong nominal income. However, the higher cost of living means the real value of this salary should be carefully considered.
Is Connecticut a good place to live for Brokerage Clerks?
The Cost of Living Index in Connecticut is 113.1. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Connecticut?
Some top paying nearby cities include Hartford-West Hartford-East Hartford, CT ($70,160) and Bridgeport-Stamford-Danbury, CT.
How does the Connecticut Brokerage Clerk salary compare to the national average?
Brokerage Clerks in Connecticut earn an average of $74,400 annually, which is notably higher than the national average of $67,890.
What is the concentration of Brokerage Clerks in Connecticut?
Connecticut has a Location Quotient of 0.59 for Brokerage Clerks, indicating a lower concentration of these roles compared to the national average.
How does the cost of living affect the Brokerage Clerk salary in Connecticut?
With a Cost of Living Index of 113.1, Connecticut is more expensive than the national average, meaning the higher salary of $74,400 has less purchasing power than it would in a lower-cost area.
What does the job market look like for Brokerage Clerks in Connecticut?
The market is characterized by a moderate workforce size (260) and a below-average concentration (LQ 0.59), suggesting a stable but not overly saturated demand for these professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the Connecticut area with a job density of 0.154 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Brokerage Clerks • Data source: BLS OEWS 2024 •Jobs in Connecticut