Average Financial Clerks, All Other Salary in New Jersey
Financial Clerks, All Other professionals in New Jersey earn an average annual salary of $58,260, surpassing the national average of $55,930. This elevated compensation is likely influenced by New Jersey's robust economic landscape and potentially higher operational costs for businesses within the state, necessitating competitive pay to attract and retain skilled financial talent.
Executive Summary
- Average Salary: $58,260 per year.
- Growth Trend: Salaries have shifted 23.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $75,790.
- Outlook: New Jersey boasts a significant concentration of Financial Clerks, All Other, with a total local workforce of 1,990 individuals. The Location Quotient of 1.95 indicates a demand for these roles that is nearly double the national average, suggesting a robust job market and strong employment opportunities for professionals in this field within the state.
Salary Overview
The average Financial Clerks, All Other in New Jersey earns+4.2%above the national average.
$28
$1,120
$4,855
Financial Clerks, All Other Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the average salary for Financial Clerks, All Other in New Jersey has experienced steady growth over the past four years, mirroring national trends. Economic expansion, inflation, and increasing demand for financial services typically drive upward salary adjustments in specialized roles.
Financial Clerks, All Other Salary Distribution in New Jersey
The salary for Financial Clerks, All Other in New Jersey typically scales 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 significantly higher salaries. The percentile gaps in earnings clearly signify a career progression path, rewarding increased expertise and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,830 | $21.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $43,695 | $21 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $57,720 | $27.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $72,825 | $35 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $75,790 | $36.4 |
Detailed Financial Clerks, All Other Market Analysis
Relocation Context
Nominal Salary
$58,260
Gross Pay
Real Wage (Purchasing Power)
$51,833
Adjusted for COL (112.4)
While the nominal average salary of $58,260 in New Jersey appears favorable compared to the national average, the local Cost of Living Index of 112.4 suggests that expenses are approximately 12.4% higher than the national average. This means that while the gross income is higher, the purchasing power may be slightly diminished when accounting for the increased cost of goods and services in the state.
Job Market Context
1,990
Total Jobs
0.467
Per 1K Jobs
1.95
Location Quotient
New Jersey has 1.9x the national concentration of Financial Clerks, All Other jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 1.95, New Jersey exhibits a significantly higher concentration of Financial Clerks, All Other compared to the national average. This indicates a robust and potentially competitive market, where employers actively seek out this specialized talent, and professionals may find a wider array of opportunities within the state.
Nearby Job Markets
Nearby Cities for Financial Clerks, All Other
| City | Salary | Dist. |
|---|---|---|
| Trenton-Princeton, NJ Financial Clerks, All Other Salary | $61,420↑ 5% | 14 mi |
| New York-Newark-Jersey City, NY-NJ Financial Clerks, All Other Salary | $60,070↑ 3% | 39 mi |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Financial Clerks, All Other Salary | $57,980↓ 0% | 42 mi |
Comparing salaries near New Jersey
Hiring Financial Clerks, All Others?
Frequently Asked Questions
How much does a Financial Clerks, All Other make in New Jersey?
The median annual salary for a Financial Clerks, All Other in New Jersey is $58,260. This typically ranges from $43,830 for entry-level positions to $75,790 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New Jersey is 4.2% higher than the national median of $55,930.
Is New Jersey a lucrative place for Financial Clerks, All Others?
Yes, New Jersey offers a lucrative environment for Financial Clerks, All Others.The average salary of $58,260 is notably higher than the national average, and the strong Location Quotient of 1.95 points to high demand within the state.
Is New Jersey a good place to live for Financial Clerks, All Others?
The Cost of Living Index in New Jersey is 112.4. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New Jersey?
Some top paying nearby cities include Trenton-Princeton, NJ ($61,420) and New York-Newark-Jersey City, NY-NJ.
How does the New Jersey salary compare to the national average?
The average annual salary for Financial Clerks, All Other in New Jersey is $58,260, which is higher than the national average of $55,930.
What does the Location Quotient of 1.95 mean for job seekers?
A Location Quotient of 1.95 signifies that Financial Clerks, All Other are nearly twice as concentrated in New Jersey as the national average, indicating strong local demand and potentially more job openings.
How does the cost of living affect the Financial Clerk salary in New Jersey?
With a Cost of Living Index of 112.4, New Jersey is more expensive than the national average. While the higher salary helps offset this, the increased cost of living should be considered when evaluating overall financial well-being.
What is the total number of Financial Clerks, All Other in New Jersey?
There are approximately 1,990 Financial Clerks, All Other employed within New Jersey.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,990 employees in the New Jersey area with a job density of 0.467 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Financial Clerks, All Other Salaries by State
Top Jobs in New Jersey
- All Occupations Salary in New Jersey
- Office and Administrative Support Occupations Salary in New Jersey
- Transportation and Material Moving Occupations Salary in New Jersey
- Sales and Related Occupations Salary in New Jersey
- Food Preparation and Serving Related Occupations Salary in New Jersey
- Management Occupations Salary in New Jersey
- Educational Instruction and Library Occupations Salary in New Jersey
- Business and Financial Operations Occupations Salary in New Jersey
- Healthcare Practitioners and Technical Occupations Salary in New Jersey
- Healthcare Support Occupations Salary in New Jersey
- Browse All Jobs in New Jersey →
Semantic Salary Analysis for Financial Clerks, All Other • Data source: BLS OEWS 2024 •Jobs in New Jersey