Average Brokerage Clerks Salary in New York-Newark-Jersey City, NY-NJ
Brokerage Clerks in the New York-Newark-Jersey City, NY-NJ area earn a substantial average annual salary of $85,390. This figure significantly outpaces the national average of $67,890, reflecting the high demand and specialized nature of financial services roles within this major metropolitan hub. The concentration of financial institutions and the dynamic market activity in this region directly contribute to this elevated compensation.
Executive Summary
- Average Salary: $85,390 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $127,050.
- Outlook: The local job market for Brokerage Clerks in New York-Newark-Jersey City appears robust, evidenced by a total local workforce of 6,290 individuals in this role. The Location Quotient of 2.58 indicates a significantly higher concentration of these jobs compared to the national average, suggesting strong and sustained demand for skilled brokerage clerks in the area.
Salary Overview
The average Brokerage Clerks in New York-Newark-Jersey City, NY-NJ earns+25.8%above the national average.
$41.1
$1,642
$7,116
Brokerage Clerks Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Brokerage Clerks in a dynamic market like New York-Newark-Jersey City have experienced consistent growth over the past four years. Factors such as inflation, increasing market complexity, and demand for experienced professionals typically drive upward salary trends in such competitive financial centers.
Brokerage Clerks Salary Distribution in New York-Newark-Jersey City, NY-NJ
Career progression for Brokerage Clerks in New York-Newark-Jersey City typically involves a significant salary increase with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior clerks with specialized knowledge and extensive experience can command salaries well above the average. The percentile gaps in salary distributions clearly signify opportunities for career advancement and higher earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $62,110 | $29.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,043 | $30.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,090 | $37.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $106,738 | $51.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $127,050 | $61.1 |
Detailed Brokerage Clerks Market Analysis
Relocation Context
Nominal Salary
$85,390
Gross Pay
Real Wage (Purchasing Power)
$85,390
Adjusted for COL (100)
The average annual salary of $85,390 in New York-Newark-Jersey City aligns perfectly with the national Cost of Living Index of 100. This means that while the nominal salary is considerably higher than the national average, the purchasing power of that salary is equivalent to the national average, indicating that the higher wages are offset by the cost of living in this high-demand metropolitan area.
Job Market Context
6,290
Total Jobs
0.672
Per 1K Jobs
2.58
Location Quotient
New York-Newark-Jersey City, NY-NJ has 2.6x 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.
With a Location Quotient of 2.58, the New York-Newark-Jersey City area exhibits a highly concentrated market for Brokerage Clerks, more than double the national average. This suggests that the job market is not only competitive but also offers abundant opportunities for those seeking employment in this field, as the region relies heavily on these professionals within its financial sector.
Nearby Job Markets
Nearby Cities for Brokerage Clerks
| City | Salary | Dist. |
|---|---|---|
| Trenton-Princeton, NJ Brokerage Clerks Salary | $69,540↓ 19% | 52 mi |
| Bridgeport-Stamford-Danbury, CT Brokerage Clerks Salary | $76,220↓ 11% | 54 mi |
Comparing salaries near New York-Newark-Jersey City, NY-NJ
Hiring Brokerage Clerkss?
Frequently Asked Questions
How much does a Brokerage Clerks make in New York-Newark-Jersey City, NY-NJ?
The median annual salary for a Brokerage Clerks in New York-Newark-Jersey City, NY-NJ is $85,390. This typically ranges from $62,110 for entry-level positions to $127,050 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 25.8% higher than the national median of $67,890.
Is New York-Newark-Jersey City, NY-NJ a lucrative place for Brokerage Clerks?
Yes, it is a highly lucrative place for Brokerage Clerks.The average salary of $85,390 is significantly higher than the national average, and the robust job market concentration further supports its lucrative nature.
Is New York-Newark-Jersey City, NY-NJ a good place to live for Brokerage Clerks?
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 Trenton-Princeton, NJ ($69,540) and Bridgeport-Stamford-Danbury, CT.
How does the Brokerage Clerk salary in NY-NJ compare to the national average?
The average annual salary for Brokerage Clerks in New York-Newark-Jersey City is $85,390, which is substantially higher than the national average of $67,890.
What is the concentration of Brokerage Clerks in the NY-NJ area?
The concentration, measured by the Location Quotient, is 2.58, indicating that Brokerage Clerks are more than twice as common in this area compared to the national average.
Does the high salary in NY-NJ reflect a higher cost of living?
Yes, the average salary of $85,390 is balanced by a Cost of Living Index of 100, which is the national average, suggesting that the higher nominal wage is offset by local expenses.
How many Brokerage Clerks are there in the New York-Newark-Jersey City area?
There are approximately 6,290 Brokerage Clerks employed in the New York-Newark-Jersey City 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 6,290 employees in the New York-Newark-Jersey City, NY-NJ area with a job density of 0.672 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 York-Newark-Jersey City, NY-NJ