Coin, Vending, and Amusement Machine Servicers and Repairers in the New York-Newark-Jersey City, NY-NJ area earn an impressive average annual salary of $69,820. This figure significantly surpasses the national average of $47,700, indicating a strong demand and potentially higher operational costs or specialized skill requirements within this metropolitan region that drive up compensation.
Executive Summary
- Average Salary: $69,820 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $91,580.
- Outlook: The job market for Coin, Vending, and Amusement Machine Servicers and Repairers in the New York-Newark-Jersey City, NY-NJ area appears stable, with a local workforce of 1,080 individuals. While the Location Quotient of 0.63 suggests a slightly lower concentration compared to the national average, the presence of over a thousand professionals in this role indicates a consistent need for their specialized services within this large economic hub.
Salary Overview
The average Coin, Vending, and Amusement Machine Servicers and Repairers in New York-Newark-Jersey City, NY-NJ earns+46.4%above the national average.
$33.6
$1,343
$5,818
Coin, Vending, and Amusement Machine Servicers and Repairers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Coin, Vending, and Amusement Machine Servicers and Repairers in the New York-Newark-Jersey City, NY-NJ area have experienced growth over the past four years. Economic factors, inflation, and increasing demand for automated services typically contribute to upward salary trends for skilled trades and technical roles in major metropolitan areas.
Coin, Vending, and Amusement Machine Servicers and Repairers Salary Distribution in New York-Newark-Jersey City, NY-NJ
Career progression for Coin, Vending, and Amusement Machine Servicers and Repairers typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while senior technicians with extensive knowledge of complex machinery and troubleshooting skills can command salaries well above the average. The percentile gaps in earnings clearly signify the value placed on accumulated expertise and specialized certifications within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $45,910 | $22.1 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $52,365 | $25.2 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $71,310 | $34.3 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $87,275 | $42 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $91,580 | $44 |
Detailed Coin, Vending, and Amusement Machine Servicers and Repairers Market Analysis
Relocation Context
Nominal Salary
$69,820
Gross Pay
Real Wage (Purchasing Power)
$69,820
Adjusted for COL (100)
The average annual salary of $69,820 in the New York-Newark-Jersey City, NY-NJ area aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that while the nominal salary is substantially higher than the national average, the purchasing power of that salary is equivalent to the national average, suggesting that the increased earnings are balanced by the cost of living in this high-demand region.
Job Market Context
1,080
Total Jobs
0.116
Per 1K Jobs
0.63
Location Quotient
New York-Newark-Jersey City, NY-NJ has 0.63x the national average concentration of Coin, Vending, and Amusement Machine Servicers and Repairers 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 0.63, the New York-Newark-Jersey City, NY-NJ metropolitan area has a slightly lower concentration of Coin, Vending, and Amusement Machine Servicers and Repairers compared to the national average. This suggests that while the job market is active, it may not be oversaturated, potentially offering good opportunities for skilled professionals entering or advancing within the field.
Nearby Job Markets
Nearby Cities for Coin, Vending, and Amusement Machine Servicers and Repairers
| City | Salary | Dist. |
|---|---|---|
| Bridgeport-Stamford-Danbury, CT Coin, Vending, and Amusement Machine Servicers and Repairers Salary | $56,590↓ 19% | 54 mi |
Comparing salaries near New York-Newark-Jersey City, NY-NJ
Hiring Coin, Vending, and Amusement Machine Servicers and Repairerss?
Frequently Asked Questions
How much does a Coin, Vending, and Amusement Machine Servicers and Repairers make in New York-Newark-Jersey City, NY-NJ?
The median annual salary for a Coin, Vending, and Amusement Machine Servicers and Repairers in New York-Newark-Jersey City, NY-NJ is $69,820. This typically ranges from $45,910 for entry-level positions to $91,580 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 46.4% higher than the national median of $47,700.
Is New York-Newark-Jersey City, NY-NJ a lucrative place for Coin, Vending, and Amusement Machine Servicers and Repairers?
Yes, it is a lucrative place.The average salary of $69,820 is significantly higher than the national average, and with a cost of living at the national average, this offers strong earning potential.
Is New York-Newark-Jersey City, NY-NJ a good place to live for Coin, Vending, and Amusement Machine Servicers and Repairers?
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 Bridgeport-Stamford-Danbury, CT ($56,590) and others.
How does the local salary compare to the national average?
The average salary in New York-Newark-Jersey City, NY-NJ is $69,820, which is considerably higher than the national average of $47,700 for this profession.
What is the total number of Coin, Vending, and Amusement Machine Servicers and Repairers in this area?
There are approximately 1,080 Coin, Vending, and Amusement Machine Servicers and Repairers employed in the New York-Newark-Jersey City, NY-NJ metropolitan area.
How does the concentration of this job compare to the national average?
The Location Quotient of 0.63 indicates that this profession is slightly less concentrated in the New York-Newark-Jersey City, NY-NJ area compared to the national average.
Does the cost of living affect the value of the salary?
The cost of living in New York-Newark-Jersey City, NY-NJ is at the national average (100), meaning the higher nominal salary of $69,820 offers purchasing power equivalent to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,080 employees in the New York-Newark-Jersey City, NY-NJ area with a job density of 0.116 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Coin, Vending, and Amusement Machine Servicers and Repairers • Data source: BLS OEWS 2024 •Jobs in New York-Newark-Jersey City, NY-NJ