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Average Brokerage Clerks Salary in New York

Brokerage Clerks in New York earn an impressive average annual salary of $84,030, significantly exceeding the national average of $67,890. This substantial difference is largely driven by New York's dynamic financial sector and the higher operational costs associated with conducting business in a major economic hub.

Executive Summary

  • Average Salary: $84,030 per year.
  • Growth Trend: Salaries have shifted 11.0% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $128,760.
  • Outlook: With a local workforce of 5,640 Brokerage Clerks, New York demonstrates a robust demand for these professionals. The Location Quotient of 2.27 indicates that this role is more than twice as concentrated in New York compared to the national average, suggesting a strong and established market for this occupation.
2024 Market Data

Salary Overview

$84,030

The average Brokerage Clerks in New York earns+23.8%above the national average.

BreakdownBased on 40h/week
Hourly

$40.4

Weekly

$1,616

Monthly

$7,003

Brokerage Clerks Salary Distribution in New York

Salary progression for Brokerage Clerks in New York typically scales with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries in the higher percentiles. The widening gap between entry-level and senior roles signifies clear career advancement opportunities and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$53,880$25.9
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$63,023$30.3
ManagerOversees team, compliance, and project delivery.50% (Median)$75,990$36.5
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$105,038$50.5
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$128,760$61.9

Detailed Brokerage Clerks Market Analysis

Relocation Context

Nominal Salary

$84,030

Gross Pay

Real Wage (Purchasing Power)

$67,170

Adjusted for COL (125.1)

While the nominal salary of $84,030 is attractive, New York's Cost of Living Index of 125.1 means that this income will not stretch as far as it would in a more affordable region. After accounting for the 25.1% higher cost of living compared to the national average, the effective purchasing power of a Brokerage Clerk's salary in New York is reduced, requiring careful budgeting.

Job Market Context

5,640

Total Jobs

0.591

Per 1K Jobs

2.27

Location Quotient

Major Hub

New York has 2.3x 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 2.27 for Brokerage Clerks in New York signifies a highly concentrated job market. This suggests that the state is a significant center for this profession, with a greater proportion of the workforce employed in these roles than the national average, indicating a competitive yet abundant landscape for those seeking employment.

Nearby Job Markets

Nearby Cities for Brokerage Clerks

CitySalaryDist.
Albany-Schenectady-Troy, NY Brokerage Clerks Salary$60,860↓ 28%68 mi

Comparing salaries near New York

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Frequently Asked Questions

How much does a Brokerage Clerks make in New York?

The median annual salary for a Brokerage Clerks in New York is $84,030. This typically ranges from $53,880 for entry-level positions to $128,760 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in New York is 23.8% higher than the national median of $67,890.

Is New York a lucrative place for Brokerage Clerks?

Yes, New York offers lucrative opportunities for Brokerage Clerks.The average salary of $84,030 significantly surpasses the national average, and the high concentration of these roles (LQ of 2.27) points to strong demand within the state's financial industry.

Is New York a good place to live for Brokerage Clerks?

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 ($60,860) and others.

How does the New York salary compare to the national average?

Brokerage Clerks in New York earn an average of $84,030 annually, which is substantially higher than the national average of $67,890.

What is the concentration of Brokerage Clerks in New York?

New York has a Location Quotient of 2.27 for Brokerage Clerks, meaning the occupation is more than twice as concentrated there compared to the national average.

How does the cost of living affect the Brokerage Clerk salary in New York?

With a Cost of Living Index of 125.1, New York is 25.1% more expensive than the national average, which impacts the real purchasing power of the $84,030 salary.

What is the total number of Brokerage Clerks in New York?

There are approximately 5,640 Brokerage Clerks employed in New York State.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,640 employees in the New York area with a job density of 0.591 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Brokerage Clerks • Data source: BLS OEWS 2024 •Jobs in New York