Average Financial Clerks, All Other Salary in New York
Financial Clerks, All Others in New York earn an average annual salary of $54,230, slightly below the national average of $55,930. This marginal difference is often influenced by the unique economic landscape and demand within the state, which shapes compensation for these essential roles.
Executive Summary
- Average Salary: $54,230 per year.
- Growth Trend: Salaries have shifted 0.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $76,600.
- Outlook: With a local workforce of 2,040 Financial Clerks, All Others, and a Location Quotient of 0.89, the job market in New York indicates a presence that is nearly on par with the national average. While not exceptionally concentrated, the steady number of professionals suggests a stable demand for these roles within the state's diverse economy.
Salary Overview
The average Financial Clerks, All Other in New York earns-3.0%below the national average.
$26.1
$1,043
$4,519
Financial Clerks, All Other Salary Trends (2020-2024)
While specific historical data for this granular role is not provided, it's reasonable to assume that salaries for Financial Clerks, All Others in New York have seen a gradual upward trend over the past four years, mirroring general economic growth and inflation. This progression is typical as the demand for financial support services remains consistent.
Financial Clerks, All Other Salary Distribution in New York
The salary trajectory for Financial Clerks, All Others typically scales with experience. Entry-level positions might hover around the lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries in the higher percentiles. These percentile gaps clearly signify career progression and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,000 | $18.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $40,673 | $19.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $49,840 | $24 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $67,788 | $32.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $76,600 | $36.8 |
Detailed Financial Clerks, All Other Market Analysis
Relocation Context
Nominal Salary
$54,230
Gross Pay
Real Wage (Purchasing Power)
$43,349
Adjusted for COL (125.1)
The nominal average salary of $54,230 in New York presents a nuanced financial picture when contrasted with the state's Cost of Living Index of 125.1. This index, significantly above the national average, suggests that while the salary is substantial, the purchasing power may be somewhat constrained compared to lower-cost regions, requiring careful budgeting.
Job Market Context
2,040
Total Jobs
0.214
Per 1K Jobs
0.89
Location Quotient
New York has 0.89x the national average concentration of Financial Clerks, All Other jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.89 for Financial Clerks, All Others in New York indicates that this profession is slightly less concentrated than the national average. This suggests that while the job market is present and stable, it may not be as saturated as in other states, potentially offering a competitive environment for skilled professionals seeking opportunities.
Nearby Job Markets
Nearby Cities for Financial Clerks, All Other
| City | Salary | Dist. |
|---|---|---|
| Albany-Schenectady-Troy, NY Financial Clerks, All Other Salary | $41,890↓ 23% | 68 mi |
Comparing salaries near New York
Hiring Financial Clerks, All Others?
Frequently Asked Questions
How much does a Financial Clerks, All Other make in New York?
The median annual salary for a Financial Clerks, All Other in New York is $54,230. This typically ranges from $38,000 for entry-level positions to $76,600 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New York is 3.0% lower than the national median of $55,930.
Is New York a lucrative place for Financial Clerks, All Others?
It's moderately lucrative, with a salary slightly below the national average but a high cost of living.The average salary of $54,230 is close to the national figure, but the high cost of living index of 125.1 means the effective purchasing power is reduced.
Is New York a good place to live for Financial Clerks, All Others?
The Cost of Living Index in New York is 125.1. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New York?
Some top paying nearby cities include Albany-Schenectady-Troy, NY ($41,890) and others.
How does the number of Financial Clerks in New York compare nationally?
New York has a workforce of 2,040 Financial Clerks, All Others, which, relative to its population and economy, results in a concentration (Location Quotient) of 0.89, slightly below the national average.
What is the average salary for a Financial Clerk in New York?
The average annual salary for a Financial Clerk, All Other in New York is $54,230.
How does New York's Cost of Living affect the Financial Clerk salary?
With a Cost of Living Index of 125.1, New York is significantly more expensive than the national average, meaning the $54,230 salary may not stretch as far as it would in a lower-cost state.
Are there many job opportunities for Financial Clerks in New York?
The market is stable, with 0.214 jobs per 1,000 workers, indicating consistent demand without extreme saturation, as suggested by the Location Quotient of 0.89.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,040 employees in the New York area with a job density of 0.214 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Financial Clerks, All Other • Data source: BLS OEWS 2024 •Jobs in New York