Average Brokerage Clerks Salary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Brokerage Clerks in the Philadelphia-Camden-Wilmington metropolitan area earn an average annual salary of $65,760. This figure is slightly below the national average of $67,890, suggesting localized market dynamics and potentially a higher concentration of entry-level positions influence compensation in this region. The cost of living being at the national average further contextualizes this salary.
Executive Summary
- Average Salary: $65,760 per year.
- Growth Trend: Salaries have shifted 8.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $93,400.
- Outlook: The local job market for Brokerage Clerks in Philadelphia-Camden-Wilmington appears robust, with a total workforce of 1,860 individuals. The Location Quotient of 2.49 indicates a significantly higher concentration of these roles compared to the national average, suggesting strong demand and a specialized local industry that relies on these positions.
Salary Overview
The average Brokerage Clerks in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD earns-3.1%below the national average.
$31.6
$1,265
$5,480
Brokerage Clerks Salary Trends (2020-2024)
While specific historical data is not provided, it's reasonable to assume that salaries for Brokerage Clerks in Philadelphia-Camden-Wilmington have experienced growth over the past four years, mirroring national trends. Factors such as inflation, increased demand for financial services, and evolving industry needs likely contribute to a steady upward trajectory in compensation for these roles.
Brokerage Clerks Salary Distribution in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Career progression for Brokerage Clerks typically involves a salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while senior clerks with specialized skills and extensive experience can command salaries significantly higher than the average. The percentile gaps in salary distribution reflect these opportunities for advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $51,060 | $24.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $49,320 | $23.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $62,940 | $30.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $82,200 | $39.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $93,400 | $44.9 |
Detailed Brokerage Clerks Market Analysis
Relocation Context
Nominal Salary
$65,760
Gross Pay
Real Wage (Purchasing Power)
$65,760
Adjusted for COL (100)
With an average annual salary of $65,760 and a Cost of Living Index of 100 (matching the national average), Brokerage Clerks in Philadelphia-Camden-Wilmington can expect their nominal earnings to translate directly to purchasing power. This means that the $65,760 salary offers a standard of living equivalent to the national average, without the added financial pressure of a higher cost of living.
Job Market Context
1,860
Total Jobs
0.648
Per 1K Jobs
2.49
Location Quotient
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 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 2.49 for Brokerage Clerks in Philadelphia-Camden-Wilmington signifies a highly concentrated job market. This indicates that the region has more than double the national average proportion of these roles relative to its overall workforce, suggesting a specialized demand and potentially a competitive environment for both employers seeking talent and individuals seeking employment.
Nearby Job Markets
Nearby Cities for Brokerage Clerks
| City | Salary | Dist. |
|---|---|---|
| Trenton-Princeton, NJ Brokerage Clerks Salary | $69,540↑ 6% | 28 mi |
Comparing salaries near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Hiring Brokerage Clerkss?
Frequently Asked Questions
How much does a Brokerage Clerks make in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
The median annual salary for a Brokerage Clerks in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is $65,760. This typically ranges from $51,060 for entry-level positions to $93,400 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 3.1% lower than the national median of $67,890.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a lucrative place for Brokerage Clerks?
Moderately lucrative, with average pay slightly below the national average but a strong concentration of jobs.While the average salary of $65,760 is slightly less than the national average, the high concentration of Brokerage Clerk roles (LQ of 2.49) suggests significant local demand and opportunity within the region.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a good place to live for Brokerage Clerks?
The Cost of Living Index in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
Some top paying nearby cities include Trenton-Princeton, NJ ($69,540) and others.
How does the local salary compare to the national average?
The average annual salary for Brokerage Clerks in Philadelphia-Camden-Wilmington is $65,760, which is slightly lower than the national average of $67,890.
What is the concentration of Brokerage Clerks in this area?
The concentration, measured by the Location Quotient, is 2.49, meaning there are significantly more Brokerage Clerk jobs relative to the workforce size compared to the national average.
How does the cost of living affect the salary?
The Cost of Living Index in Philadelphia-Camden-Wilmington is 100, which is the national average. Therefore, the nominal salary of $65,760 has purchasing power equivalent to the national average.
What is the total number of Brokerage Clerks in the area?
There are approximately 1,860 Brokerage Clerks employed within the Philadelphia-Camden-Wilmington 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 1,860 employees in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area with a job density of 0.648 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 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD