Average Brokerage Clerks Salary in New Jersey
Brokerage Clerks in New Jersey are earning an impressive average annual salary of $72,310, which notably surpasses the national average of $67,890. This elevated compensation is largely influenced by New Jersey's robust financial sector and its higher cost of living, creating a demand for skilled professionals that commands a premium.
Executive Summary
- Average Salary: $72,310 per year.
- Growth Trend: Salaries have shifted 12.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $96,440.
- Outlook: With a local workforce of 2,760 Brokerage Clerks and a Location Quotient of 2.5, New Jersey demonstrates a significantly higher concentration of these roles compared to the national average. This strong concentration suggests a robust and active job market for Brokerage Clerks, indicating sustained demand and potential for job security within the state.
Salary Overview
The average Brokerage Clerks in New Jersey earns+6.5%above the national average.
$34.8
$1,391
$6,026
Brokerage Clerks Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Brokerage Clerks in New Jersey have experienced consistent growth over the past four years, mirroring broader economic trends and inflation. This upward trajectory is likely driven by increasing demand for financial services and the need for specialized administrative support within the state's thriving economic landscape.
Brokerage Clerks Salary Distribution in New Jersey
The career path for Brokerage Clerks typically involves a clear progression in earning potential. Entry-level positions may start closer to the lower percentiles, while experienced professionals with specialized skills and a proven track record can command salaries in the higher percentiles. This salary scaling reflects the increasing value and responsibility associated with seniority and expertise in the brokerage field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $57,590 | $27.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $54,233 | $26.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $67,590 | $32.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $90,388 | $43.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $96,440 | $46.4 |
Detailed Brokerage Clerks Market Analysis
Relocation Context
Nominal Salary
$72,310
Gross Pay
Real Wage (Purchasing Power)
$64,333
Adjusted for COL (112.4)
While the nominal salary of $72,310 for Brokerage Clerks in New Jersey appears attractive, it's crucial to consider the local Cost of Living Index of 112.4. This index indicates that living expenses in New Jersey are approximately 12.4% higher than the national average. Therefore, the purchasing power of the $72,310 salary needs to be evaluated against these elevated costs to understand its true value.
Job Market Context
2,760
Total Jobs
0.65
Per 1K Jobs
2.5
Location Quotient
New Jersey has 2.5x the national concentration of Brokerage Clerks jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
The Location Quotient of 2.5 for Brokerage Clerks in New Jersey signifies a market that is 2.5 times more concentrated with these professionals than the national average. This high concentration suggests a competitive environment, but also points to a specialized and potentially lucrative niche within the state's financial industry, offering ample opportunities for those with the right skills.
Nearby Job Markets
Nearby Cities for Brokerage Clerks
| City | Salary | Dist. |
|---|---|---|
| Trenton-Princeton, NJ Brokerage Clerks Salary | $69,540↓ 4% | 14 mi |
| New York-Newark-Jersey City, NY-NJ Brokerage Clerks Salary | $85,390↑ 18% | 39 mi |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Brokerage Clerks Salary | $65,760↓ 9% | 42 mi |
Comparing salaries near New Jersey
Hiring Brokerage Clerkss?
Frequently Asked Questions
How much does a Brokerage Clerks make in New Jersey?
The median annual salary for a Brokerage Clerks in New Jersey is $72,310. This typically ranges from $57,590 for entry-level positions to $96,440 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New Jersey is 6.5% higher than the national median of $67,890.
Is New Jersey a lucrative place for Brokerage Clerks?
Yes, New Jersey is a lucrative place for Brokerage Clerks.The average salary of $72,310 significantly exceeds the national average, and the high concentration of roles (LQ of 2.5) indicates strong demand within the state's financial sector.
Is New Jersey a good place to live for Brokerage Clerks?
The Cost of Living Index in New Jersey is 112.4. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New Jersey?
Some top paying nearby cities include Trenton-Princeton, NJ ($69,540) and New York-Newark-Jersey City, NY-NJ.
How does the New Jersey salary compare to the national average for Brokerage Clerks?
Brokerage Clerks in New Jersey earn an average of $72,310 annually, which is approximately $4,420 higher than the national average of $67,890.
What does the Location Quotient of 2.5 mean for Brokerage Clerks in New Jersey?
A Location Quotient of 2.5 indicates that Brokerage Clerks are 2.5 times more concentrated in New Jersey than in the average U.S. location, suggesting a strong presence and demand for this profession within the state.
How does the cost of living in New Jersey affect the Brokerage Clerk salary?
With a Cost of Living Index of 112.4, New Jersey is more expensive than the national average. While the $72,310 salary is higher, the increased cost of living means its purchasing power might be slightly diminished compared to lower-cost areas with similar nominal salaries.
What is the total number of Brokerage Clerks in New Jersey?
There are approximately 2,760 Brokerage Clerks employed in New Jersey, contributing to the state's significant concentration of this profession.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,760 employees in the New Jersey area with a job density of 0.65 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 New Jersey