Average Brokerage Clerks Salary in Washington-Arlington-Alexandria, DC-VA-MD-WV
Brokerage Clerks in the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area earn an impressive average annual salary of $71,380. This figure notably surpasses the national average of $67,890, indicating a premium for this role within the region. The higher compensation is likely driven by the area's robust economic activity and the specific demands of the financial services sector concentrated here.
Executive Summary
- Average Salary: $71,380 per year.
- Growth Trend: Salaries have shifted 17.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $93,860.
- Outlook: The local job market for Brokerage Clerks in Washington-Arlington-Alexandria, DC-VA-MD-WV appears stable, with a total local workforce of 580 individuals in this role. The Location Quotient of 0.72 suggests that while the concentration is slightly below the national average, there is a consistent presence and demand for these professionals within the region's economic landscape.
Salary Overview
The average Brokerage Clerks in Washington-Arlington-Alexandria, DC-VA-MD-WV earns+5.1%above the national average.
$34.3
$1,373
$5,948
Brokerage Clerks Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Brokerage Clerks in the Washington-Arlington-Alexandria, DC-VA-MD-WV area have experienced growth over the past four years, mirroring national trends in the financial sector. Factors such as inflation, increased demand for financial services, and evolving market dynamics typically contribute to upward salary adjustments.
Brokerage Clerks Salary Distribution in Washington-Arlington-Alexandria, DC-VA-MD-WV
Career progression for Brokerage Clerks typically involves moving from entry-level positions to more senior roles, with corresponding salary increases. While specific percentile data isn't available, the typical salary distribution shows that experienced professionals can command significantly higher earnings than those just starting out, reflecting a clear path for career advancement and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $56,250 | $27 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,535 | $25.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $70,590 | $33.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $89,225 | $42.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $93,860 | $45.1 |
Detailed Brokerage Clerks Market Analysis
Relocation Context
Nominal Salary
$71,380
Gross Pay
Real Wage (Purchasing Power)
$71,380
Adjusted for COL (100)
For Brokerage Clerks considering a move to Washington-Arlington-Alexandria, DC-VA-MD-WV, the nominal average salary of $71,380 aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of the local salary is equivalent to the national average, making it a financially neutral relocation from a cost-of-living perspective.
Job Market Context
580
Total Jobs
0.188
Per 1K Jobs
0.72
Location Quotient
Washington-Arlington-Alexandria, DC-VA-MD-WV has 0.72x the national average concentration of Brokerage Clerks jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
With a Location Quotient of 0.72, the Washington-Arlington-Alexandria, DC-VA-MD-WV market for Brokerage Clerks is slightly less concentrated than the national average. This suggests that while the role is present and valued, the job market may not be saturated, potentially offering good opportunities for skilled professionals seeking employment in this sector.
Nearby Job Markets
Nearby Cities for Brokerage Clerks
| City | Salary | Dist. |
|---|---|---|
| Baltimore-Columbia-Towson, MD Brokerage Clerks Salary | $68,440↓ 4% | 35 mi |
Comparing salaries near Washington-Arlington-Alexandria, DC-VA-MD-WV
Hiring Brokerage Clerkss?
Frequently Asked Questions
How much does a Brokerage Clerks make in Washington-Arlington-Alexandria, DC-VA-MD-WV?
The median annual salary for a Brokerage Clerks in Washington-Arlington-Alexandria, DC-VA-MD-WV is $71,380. This typically ranges from $56,250 for entry-level positions to $93,860 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Washington-Arlington-Alexandria, DC-VA-MD-WV is 5.1% higher than the national median of $67,890.
Is Washington-Arlington-Alexandria, DC-VA-MD-WV a lucrative place for Brokerage Clerks?
Yes, it is a lucrative place for Brokerage Clerks.The average salary of $71,380 is higher than the national average, and the cost of living is on par with the national average, indicating strong earning potential.
Is Washington-Arlington-Alexandria, DC-VA-MD-WV a good place to live for Brokerage Clerks?
The Cost of Living Index in Washington-Arlington-Alexandria, DC-VA-MD-WV is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Washington-Arlington-Alexandria, DC-VA-MD-WV?
Some top paying nearby cities include Baltimore-Columbia-Towson, MD ($68,440) and others.
How does the local salary compare to the national average?
The average annual salary for Brokerage Clerks in Washington-Arlington-Alexandria, DC-VA-MD-WV is $71,380, which is higher than the national average of $67,890.
What is the cost of living in Washington-Arlington-Alexandria, DC-VA-MD-WV for Brokerage Clerks?
The cost of living index in Washington-Arlington-Alexandria, DC-VA-MD-WV is 100, which is exactly the national average, meaning the cost of goods and services is comparable to the rest of the country.
How concentrated is the job market for Brokerage Clerks in this area?
The job market concentration, measured by the Location Quotient, is 0.72, which is slightly below the national average, indicating a moderate presence of Brokerage Clerks.
What is the total number of Brokerage Clerks in the Washington-Arlington-Alexandria, DC-VA-MD-WV area?
There are approximately 580 Brokerage Clerks employed in the Washington-Arlington-Alexandria, DC-VA-MD-WV 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 580 employees in the Washington-Arlington-Alexandria, DC-VA-MD-WV area with a job density of 0.188 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 Washington-Arlington-Alexandria, DC-VA-MD-WV