Average Brokerage Clerks Salary in Trenton-Princeton, NJ
Brokerage Clerks in the Trenton-Princeton, NJ area earn an impressive average annual salary of $69,540, surpassing the national average of $67,890. This elevated compensation is likely driven by the region's specific economic drivers and a concentrated demand for skilled administrative support within the financial sector.
Executive Summary
- Average Salary: $69,540 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $93,090.
- Outlook: With a total local workforce of 260 Brokerage Clerks, the Trenton-Princeton area demonstrates a significant concentration of these roles, as indicated by a Location Quotient of 4.14. This suggests a robust local market where demand for these specialized positions is considerably higher than the national norm, pointing towards a stable and potentially growing job market for these professionals.
Salary Overview
The average Brokerage Clerks in Trenton-Princeton, NJ earns+2.4%above the national average.
$33.4
$1,337
$5,795
Brokerage Clerks Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Brokerage Clerks in Trenton-Princeton have experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, increasing demand for financial services, and the need for experienced administrative staff typically contribute to upward salary adjustments in specialized roles.
Brokerage Clerks Salary Distribution in Trenton-Princeton, NJ
Career progression for Brokerage Clerks in Trenton-Princeton typically correlates with increased salary. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies a clear path for career advancement and earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $59,470 | $28.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,155 | $25.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $65,120 | $31.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $86,925 | $41.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $93,090 | $44.8 |
Detailed Brokerage Clerks Market Analysis
Relocation Context
Nominal Salary
$69,540
Gross Pay
Real Wage (Purchasing Power)
$69,540
Adjusted for COL (100)
The average annual salary of $69,540 in Trenton-Princeton aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Brokerage Clerk's salary in this region is equivalent to the national average, offering a stable financial environment without the added pressure of a significantly higher cost of living.
Job Market Context
260
Total Jobs
1.076
Per 1K Jobs
4.14
Location Quotient
Trenton-Princeton, NJ has 4.1x 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 4.14 for Brokerage Clerks in Trenton-Princeton signifies a highly concentrated job market, indicating that these roles are significantly more prevalent here than in the average U.S. location. This high concentration suggests a competitive environment for employers seeking talent, while also presenting ample opportunities for job seekers within this specialized field.
Nearby Job Markets
Nearby Cities for Brokerage Clerks
| City | Salary | Dist. |
|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Brokerage Clerks Salary | $65,760↓ 5% | 28 mi |
| New York-Newark-Jersey City, NY-NJ Brokerage Clerks Salary | $85,390↑ 23% | 52 mi |
| Atlantic City-Hammonton, NJ Brokerage Clerks Salary | $58,630↓ 16% | 61 mi |
Comparing salaries near Trenton-Princeton, NJ
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Frequently Asked Questions
How much does a Brokerage Clerks make in Trenton-Princeton, NJ?
The median annual salary for a Brokerage Clerks in Trenton-Princeton, NJ is $69,540. This typically ranges from $59,470 for entry-level positions to $93,090 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Trenton-Princeton, NJ is 2.4% higher than the national median of $67,890.
Is Trenton-Princeton, NJ a lucrative place for Brokerage Clerks?
Yes, it is a lucrative area for Brokerage Clerks.The average salary significantly exceeds the national average, and the cost of living is on par with the national average, enhancing earning potential.
Is Trenton-Princeton, NJ a good place to live for Brokerage Clerks?
The Cost of Living Index in Trenton-Princeton, NJ is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Trenton-Princeton, NJ?
Some top paying nearby cities include Philadelphia-Camden-Wilmington, PA-NJ-DE-MD ($65,760) and New York-Newark-Jersey City, NY-NJ.
How does the local Brokerage Clerk salary compare to the national average?
The average annual salary for Brokerage Clerks in Trenton-Princeton is $69,540, which is higher than the national average of $67,890.
What does the Location Quotient of 4.14 mean for Brokerage Clerks in Trenton-Princeton?
A Location Quotient of 4.14 indicates that Brokerage Clerk jobs are over four times more concentrated in Trenton-Princeton compared to the national average, suggesting high local demand.
How does the Cost of Living in Trenton-Princeton affect Brokerage Clerk salaries?
With a Cost of Living Index of 100, the local salary of $69,540 has the same purchasing power as the national average, making it financially stable.
What is the total number of Brokerage Clerks in the Trenton-Princeton area?
There are approximately 260 Brokerage Clerks employed in the Trenton-Princeton, NJ area.
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 Trenton-Princeton, NJ area with a job density of 1.076 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 Trenton-Princeton, NJ