Average Electrical Engineers Salary in New York-Newark-Jersey City, NY-NJ
Electrical Engineers in the New York-Newark-Jersey City, NY-NJ metropolitan area earn an impressive average annual salary of $125,440. This figure notably surpasses the national average of $121,030, indicating a strong demand and potentially higher cost of doing business within this dynamic economic hub. The specialized nature of engineering roles and the concentration of industries in this region likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $125,440 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $169,020.
- Outlook: With a local workforce of 5,960 Electrical Engineers, the New York-Newark-Jersey City area demonstrates a substantial presence in this field. The Location Quotient of 0.52 suggests that while the concentration is slightly below the national average, the sheer volume of professionals indicates a robust and active job market. This size of workforce is sufficient to support ongoing projects and innovation within the region's diverse industrial landscape.
Salary Overview
The average Electrical Engineers in New York-Newark-Jersey City, NY-NJ earns+3.6%above the national average.
$60.3
$2,412
$10,453
Electrical Engineers Salary Trends (2020-2024)
While specific historical data for this exact region and role isn't provided, it's reasonable to assume a positive salary growth trend for Electrical Engineers over the past four years, mirroring national trends. Economic development and increasing technological demands typically drive up compensation for skilled professionals, suggesting that the $125,440 average is likely a product of sustained growth and a competitive market.
Electrical Engineers Salary Distribution in New York-Newark-Jersey City, NY-NJ
The career trajectory for Electrical Engineers in New York-Newark-Jersey City, NY-NJ, typically shows significant salary progression with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and extensive project management experience can command salaries well into the upper percentiles. These increasing salary gaps clearly signify valuable career advancement and the growing demand for expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $77,500 | $37.3 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $94,080 | $45.2 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $127,160 | $61.1 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $156,800 | $75.4 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $169,020 | $81.3 |
Detailed Electrical Engineers Market Analysis
Relocation Context
Nominal Salary
$125,440
Gross Pay
Real Wage (Purchasing Power)
$125,440
Adjusted for COL (100)
The average annual salary of $125,440 for Electrical Engineers 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, on average, the purchasing power of an Electrical Engineer's salary in this region is equivalent to that of an engineer in a national average cost-of-living area. While the nominal salary is high, it is balanced by the local cost of living, suggesting a stable financial standing for those employed in this sector.
Job Market Context
5,960
Total Jobs
0.636
Per 1K Jobs
0.52
Location Quotient
New York-Newark-Jersey City, NY-NJ has 0.52x the national average concentration of Electrical Engineers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient of 0.52 for Electrical Engineers in New York-Newark-Jersey City, NY-NJ indicates that this profession is less concentrated here compared to the national average. This suggests that while there is a significant number of jobs (0.636 per 1,000 workers), the market may not be as saturated as in other regions, potentially offering more opportunities for skilled individuals to find employment or negotiate favorable terms. It implies a healthy demand without an overwhelming supply of professionals.
Nearby Job Markets
Nearby Cities for Electrical Engineers
| City | Salary | Dist. |
|---|---|---|
| Kiryas Joel-Poughkeepsie-Newburgh, NY Electrical Engineers Salary | $127,750↑ 2% | 44 mi |
| Trenton-Princeton, NJ Electrical Engineers Salary | $114,260↓ 9% | 52 mi |
| Bridgeport-Stamford-Danbury, CT Electrical Engineers Salary | $131,060↑ 4% | 54 mi |
| New Haven, CT Electrical Engineers Salary | $114,140↓ 9% | 70 mi |
| Waterbury-Shelton, CT Electrical Engineers Salary | $104,990↓ 16% | 77 mi |
Comparing salaries near New York-Newark-Jersey City, NY-NJ
Hiring Electrical Engineerss?
Frequently Asked Questions
How much does a Electrical Engineers make in New York-Newark-Jersey City, NY-NJ?
The median annual salary for a Electrical Engineers in New York-Newark-Jersey City, NY-NJ is $125,440. This typically ranges from $77,500 for entry-level positions to $169,020 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 3.6% higher than the national median of $121,030.
Is New York-Newark-Jersey City, NY-NJ a lucrative place for Electrical Engineers?
Yes, it is a lucrative place for Electrical Engineers.The average salary of $125,440 significantly exceeds the national average, and it is balanced by a cost of living index that matches the national average, indicating strong earning potential.
Is New York-Newark-Jersey City, NY-NJ a good place to live for Electrical Engineers?
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 Kiryas Joel-Poughkeepsie-Newburgh, NY ($127,750) and Trenton-Princeton, NJ.
How does the Electrical Engineer salary compare to the national average?
Electrical Engineers in New York-Newark-Jersey City, NY-NJ earn an average of $125,440 annually, which is higher than the national average of $121,030.
What is the concentration of Electrical Engineers in this region?
The Location Quotient for Electrical Engineers in this region is 0.52, meaning the concentration is below the national average. However, there are 5,960 Electrical Engineers employed locally.
How does the cost of living affect the Electrical Engineer salary?
The cost of living in New York-Newark-Jersey City, NY-NJ is at the national average (100). Therefore, the higher nominal salary of $125,440 provides purchasing power equivalent to the national average.
Are there many job opportunities for Electrical Engineers in this area?
With 0.636 jobs per 1,000 workers and a total local workforce of 5,960, the area offers a substantial number of positions, suggesting a healthy job market for Electrical Engineers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,960 employees in the New York-Newark-Jersey City, NY-NJ area with a job density of 0.636 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Electrical Engineers • Data source: BLS OEWS 2024 •Jobs in New York-Newark-Jersey City, NY-NJ