Average Financial Clerks, All Other Salary in New York-Newark-Jersey City, NY-NJ
Financial Clerks, All Other in the New York-Newark-Jersey City, NY-NJ area earn an impressive average annual salary of $60,070. This figure notably surpasses the national average of $55,930, indicating a premium for these roles within this dynamic metropolitan region. The higher compensation is likely driven by the area's robust economic activity and the specialized demands of its financial sector.
Executive Summary
- Average Salary: $60,070 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $81,980.
- Outlook: The job market for Financial Clerks, All Other in New York-Newark-Jersey City, NY-NJ appears stable, with a local workforce of 2,260 individuals. The Location Quotient of 1.01 suggests a concentration of these roles that is very close to the national average, implying a consistent demand that aligns with national trends. This indicates a healthy and predictable employment landscape for this profession within the region.
Salary Overview
The average Financial Clerks, All Other in New York-Newark-Jersey City, NY-NJ earns+7.4%above the national average.
$28.9
$1,155
$5,006
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 the New York-Newark-Jersey City, NY-NJ area has experienced steady growth over the past four years, mirroring general economic trends and inflation. This upward trajectory in compensation is typical for roles within thriving metropolitan economies, reflecting increasing demand and the evolving responsibilities of financial support staff.
Financial Clerks, All Other Salary Distribution in New York-Newark-Jersey City, NY-NJ
Salary progression for Financial Clerks, All Other typically scales with experience. Entry-level positions may start at the lower end of the pay scale, while senior clerks with extensive experience and specialized skills can command significantly higher salaries, potentially reaching the upper percentiles. The widening gap between entry-level and senior roles signifies clear opportunities for career advancement and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $42,360 | $20.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $45,053 | $21.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $57,740 | $27.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $75,088 | $36.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $81,980 | $39.4 |
Detailed Financial Clerks, All Other Market Analysis
Relocation Context
Nominal Salary
$60,070
Gross Pay
Real Wage (Purchasing Power)
$60,070
Adjusted for COL (100)
The nominal average annual salary of $60,070 in New York-Newark-Jersey City, NY-NJ aligns perfectly with the national average Cost of Living Index of 100. This means that while the gross salary is higher than the national average, the purchasing power of that salary is effectively equivalent to the national average. Therefore, the increased earnings do not translate to a higher standard of living in terms of affordability compared to the rest of the country.
Job Market Context
2,260
Total Jobs
0.242
Per 1K Jobs
1.01
Location Quotient
With a location quotient of 1.01, New York-Newark-Jersey City, NY-NJ has a slightly higher-than-average concentration of Financial Clerks, All Other roles compared to the national norm.
With a Location Quotient of 1.01, the job market for Financial Clerks, All Other in New York-Newark-Jersey City, NY-NJ is neither significantly over-represented nor under-represented compared to the national average. This suggests a balanced market where demand and supply are relatively stable, indicating moderate competition for available positions and a consistent presence of these roles within the local economy.
Nearby Job Markets
Nearby Cities for Financial Clerks, All Other
| City | Salary | Dist. |
|---|---|---|
| Kiryas Joel-Poughkeepsie-Newburgh, NY Financial Clerks, All Other Salary | $53,640↓ 11% | 44 mi |
| Trenton-Princeton, NJ Financial Clerks, All Other Salary | $61,420↑ 2% | 52 mi |
| Bridgeport-Stamford-Danbury, CT Financial Clerks, All Other Salary | $63,630↑ 6% | 54 mi |
| Waterbury-Shelton, CT Financial Clerks, All Other Salary | $47,970↓ 20% | 77 mi |
Comparing salaries near New York-Newark-Jersey City, NY-NJ
Hiring Financial Clerks, All Others?
Frequently Asked Questions
How much does a Financial Clerks, All Other make in New York-Newark-Jersey City, NY-NJ?
The median annual salary for a Financial Clerks, All Other in New York-Newark-Jersey City, NY-NJ is $60,070. This typically ranges from $42,360 for entry-level positions to $81,980 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 7.4% higher than the national median of $55,930.
Is New York-Newark-Jersey City, NY-NJ a lucrative place for Financial Clerks, All Others?
Yes, it offers a slightly above-average salary.Financial Clerks, All Other in this region earn $60,070 annually, exceeding the national average of $55,930. However, the local cost of living is also at the national average, meaning the increased pay offers equivalent purchasing power.
Is New York-Newark-Jersey City, NY-NJ a good place to live for Financial Clerks, All Others?
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 ($53,640) and Trenton-Princeton, NJ.
How does the local workforce size impact job availability?
A local workforce of 2,260 Financial Clerks, All Other suggests a substantial pool of professionals, indicating a mature market with consistent opportunities but also potential competition.
What does a Location Quotient of 1.01 signify?
A Location Quotient of 1.01 means the concentration of Financial Clerks, All Other in New York-Newark-Jersey City, NY-NJ is very similar to the national average, indicating a stable and typical demand for these roles.
How does the cost of living affect the perceived salary?
With a Cost of Living Index of 100, the $60,070 salary in New York-Newark-Jersey City, NY-NJ offers purchasing power equivalent to the national average salary of $55,930 elsewhere. The higher nominal wage is offset by the local cost of living.
Are there significant career growth opportunities for Financial Clerks in this area?
While specific data isn't provided, the presence of a substantial workforce and a salary that exceeds the national average suggests that experienced Financial Clerks can expect to advance and earn more, moving into higher-paying senior roles.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,260 employees in the New York-Newark-Jersey City, NY-NJ area with a job density of 0.242 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-Newark-Jersey City, NY-NJ