SalaryNode

Average Credit Counselors Salary in New York-Newark-Jersey City, NY-NJ

Credit Counselors in the New York-Newark-Jersey City, NY-NJ metropolitan area earn an impressive average annual salary of $71,220. This figure significantly surpasses the national average of $55,430, indicating a strong demand and higher compensation for these professionals in this specific region. The robust economic activity and cost of living in this major metropolitan hub likely contribute to this elevated pay scale.

Executive Summary

  • Average Salary: $71,220 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $101,280.
  • Outlook: The job market for Credit Counselors in New York-Newark-Jersey City, NY-NJ, while not exhibiting an over-representation compared to the national average (Location Quotient of 0.84), still supports a notable local workforce of 1,440 individuals. The presence of this workforce suggests a consistent need for credit counseling services within the region, indicating a stable, albeit not rapidly expanding, job market.
2024 Market Data

Salary Overview

$71,220

The average Credit Counselors in New York-Newark-Jersey City, NY-NJ earns+28.5%above the national average.

BreakdownBased on 40h/week
Hourly

$34.2

Weekly

$1,370

Monthly

$5,935

Credit Counselors Salary Distribution in New York-Newark-Jersey City, NY-NJ

Career progression for Credit Counselors typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command salaries well above the average. The percentile gaps in salary distribution reflect this clear path for career advancement and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$50,920$24.5
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$53,415$25.7
ManagerOversees team, compliance, and project delivery.50% (Median)$63,330$30.4
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$89,025$42.8
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$101,280$48.7

Detailed Credit Counselors Market Analysis

Relocation Context

Nominal Salary

$71,220

Gross Pay

Real Wage (Purchasing Power)

$71,220

Adjusted for COL (100)

The average annual salary of $71,220 for Credit Counselors in the New York-Newark-Jersey City, NY-NJ area aligns perfectly with the national average cost of living index of 100. This means that while the nominal salary is higher than the national average, the purchasing power of that salary is comparable to the national average, suggesting that the increased earnings are offset by the local cost of living.

Job Market Context

1,440

Total Jobs

0.153

Per 1K Jobs

0.84

Location Quotient

Below Average

New York-Newark-Jersey City, NY-NJ has 0.84x the national average concentration of Credit Counselors 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 0.84, the New York-Newark-Jersey City, NY-NJ metropolitan area has a slightly lower concentration of Credit Counselors compared to the national average. This suggests that while the job market is stable and supports a considerable workforce, it may not be as saturated as in other regions, potentially offering a balanced competitive landscape for job seekers.

Nearby Job Markets

Hiring Credit Counselorss?

Frequently Asked Questions

How much does a Credit Counselors make in New York-Newark-Jersey City, NY-NJ?

The median annual salary for a Credit Counselors in New York-Newark-Jersey City, NY-NJ is $71,220. This typically ranges from $50,920 for entry-level positions to $101,280 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 28.5% higher than the national median of $55,430.

Is New York-Newark-Jersey City, NY-NJ a lucrative place for Credit Counselors?

Yes, it is a lucrative place for Credit Counselors.Credit Counselors in this region earn significantly more than the national average, with an average salary of $71,220. While the cost of living matches the national average, the higher nominal salary offers a strong earning potential.

Is New York-Newark-Jersey City, NY-NJ a good place to live for Credit Counselors?

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.

How does the average Credit Counselor salary in NY-NJ compare to the national average?

The average annual salary for Credit Counselors in the New York-Newark-Jersey City, NY-NJ area is $71,220, which is substantially higher than the national average of $55,430.

What is the cost of living for Credit Counselors in this region?

The cost of living in the New York-Newark-Jersey City, NY-NJ metropolitan area is indexed at 100, which is exactly the national average. This means the higher salaries are balanced by comparable living expenses.

How concentrated is the Credit Counselor job market in NY-NJ?

The job market for Credit Counselors in this region has a Location Quotient of 0.84, indicating a slightly lower concentration than the national average, suggesting a stable rather than overly saturated market.

What is the total number of Credit Counselors in the NY-NJ area?

There are approximately 1,440 Credit Counselors employed within the New York-Newark-Jersey City, NY-NJ 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 1,440 employees in the New York-Newark-Jersey City, NY-NJ area with a job density of 0.153 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in New York-Newark-Jersey City, NY-NJ

Semantic Salary Analysis for Credit Counselors • Data source: BLS OEWS 2024 •Jobs in New York-Newark-Jersey City, NY-NJ