Compensation and Benefits Managers in the Philadelphia-Camden-Wilmington area earn an average annual salary of $147,850. This figure is slightly below the national average of $160,420, suggesting a localized market dynamic that influences compensation. Factors such as regional industry demands and the specific competitive landscape within the metropolitan area likely contribute to this pay differential.
Executive Summary
- Average Salary: $147,850 per year.
- Growth Trend: Salaries have shifted 9.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $228,080.
- Outlook: The Philadelphia-Camden-Wilmington region supports a dedicated workforce of 480 Compensation and Benefits Managers. With a Location Quotient of 1.29, this indicates a higher concentration of these professionals compared to the national average, signaling a robust and potentially growing demand for specialized talent in this sector within the area.
Salary Overview
The average Compensation and Benefits Managers in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD earns-7.8%below the national average.
$71.1
$2,843
$12,321
Compensation and Benefits Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally observed that roles like Compensation and Benefits Managers experience consistent salary growth over four-year periods. This trend is driven by evolving compensation strategies, increasing complexity in benefits administration, and the continuous need for expert analysis to align with market competitiveness and organizational goals.
Compensation and Benefits Managers Salary Distribution in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Salary progression for Compensation and Benefits Managers typically scales significantly with experience. Entry-level positions might start considerably lower than the average, while senior roles, particularly those with strategic oversight and extensive experience, can command salaries well above the $147,850 average. The percentile gaps in pay clearly signify the career trajectory and increasing value placed on seasoned professionals in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $67,200 | $32.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $110,888 | $53.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $137,880 | $66.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $184,813 | $88.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $228,080 | $109.7 |
Detailed Compensation and Benefits Managers Market Analysis
Relocation Context
Nominal Salary
$147,850
Gross Pay
Real Wage (Purchasing Power)
$147,850
Adjusted for COL (100)
The average annual salary of $147,850 in Philadelphia-Camden-Wilmington aligns perfectly with the national Cost of Living Index of 100. This means that the nominal salary offers purchasing power equivalent to the national average, providing a stable financial foundation for residents without the immediate pressure of a significantly higher or lower cost of living.
Job Market Context
480
Total Jobs
0.168
Per 1K Jobs
1.29
Location Quotient
With a location quotient of 1.29, Philadelphia-Camden-Wilmington, PA-NJ-DE-MD has a slightly higher-than-average concentration of Compensation and Benefits Managers roles compared to the national norm.
A Location Quotient of 1.29 for Compensation and Benefits Managers in Philadelphia-Camden-Wilmington indicates a market where these roles are more concentrated than the national average. This suggests a healthy demand and a competitive environment, as businesses in the region appear to prioritize and employ these specialists at a higher rate than in many other parts of the country.
Nearby Job Markets
Nearby Cities for Compensation and Benefits Managers
| City | Salary | Dist. |
|---|---|---|
| Trenton-Princeton, NJ Compensation and Benefits Managers Salary | $191,990↑ 30% | 28 mi |
| Allentown-Bethlehem-Easton, PA-NJ Compensation and Benefits Managers Salary | $134,020↓ 9% | 47 mi |
Comparing salaries near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Hiring Compensation and Benefits Managerss?
Frequently Asked Questions
How much does a Compensation and Benefits Managers make in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
The median annual salary for a Compensation and Benefits Managers in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is $147,850. This typically ranges from $67,200 for entry-level positions to $228,080 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 7.8% lower than the national median of $160,420.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a lucrative place for Compensation and Benefits Managers?
Yes, with a caveat. While the average salary is slightly below the national average, the strong concentration of roles and a cost of living at the national average make it a stable and competitive market.The higher-than-average concentration of these roles (LQ 1.29) suggests strong regional demand. Coupled with a cost of living index at 100, the $147,850 salary offers solid purchasing power.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a good place to live for Compensation and Benefits Managers?
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 ($191,990) and Allentown-Bethlehem-Easton, PA-NJ.
How does the Philadelphia-Camden-Wilmington salary compare to the national average?
The average annual salary for Compensation and Benefits Managers in Philadelphia-Camden-Wilmington is $147,850, which is approximately 7.8% lower than the national average of $160,420.
What is the significance of the Location Quotient (LQ) of 1.29?
An LQ of 1.29 means that Compensation and Benefits Managers are 29% more concentrated in the Philadelphia-Camden-Wilmington area than the national average, indicating a higher prevalence and demand for these roles locally.
How does the cost of living affect the salary in Philadelphia?
With a Cost of Living Index of 100, Philadelphia-Camden-Wilmington is at the national average. This means the $147,850 salary has the same relative purchasing power as the national average salary.
What is the total workforce size for this role in the region?
There are approximately 480 Compensation and Benefits Managers 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 480 employees in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area with a job density of 0.168 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Compensation and Benefits Managers • Data source: BLS OEWS 2024 •Jobs in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD