Average Financial Examiners Salary in New Jersey
Financial Examiners in New Jersey command an impressive average annual salary of $119,450, substantially exceeding the national average of $99,150. This elevated compensation is largely driven by New Jersey's robust financial sector and a higher cost of living, necessitating greater remuneration to attract and retain skilled professionals in this specialized field.
Executive Summary
- Average Salary: $119,450 per year.
- Growth Trend: Salaries have shifted 8.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $178,790.
- Outlook: The New Jersey market for Financial Examiners appears robust, evidenced by a local workforce of 2,810 professionals. With a Location Quotient of 1.62, the concentration of these roles in the state is significantly higher than the national average, indicating strong demand and a potentially thriving job market for experienced individuals.
Salary Overview
The average Financial Examiners in New Jersey earns+20.5%above the national average.
$57.4
$2,297
$9,954
Financial Examiners Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salary trend for Financial Examiners in New Jersey has mirrored national patterns over the past four years, likely experiencing steady growth. Factors such as increasing regulatory complexity, evolving financial landscapes, and consistent demand for expertise typically contribute to upward salary adjustments in this profession.
Financial Examiners Salary Distribution in New Jersey
Career progression for Financial Examiners in New Jersey typically correlates with a significant salary increase. Entry-level positions may start at a lower percentile, but with accumulated experience and specialized certifications, professionals can advance to senior roles commanding salaries well into the higher percentiles. The widening gap between entry-level and senior salaries clearly signifies substantial career growth opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $65,750 | $31.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $89,588 | $43.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $103,300 | $49.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $149,313 | $71.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $178,790 | $86 |
Detailed Financial Examiners Market Analysis
Relocation Context
Nominal Salary
$119,450
Gross Pay
Real Wage (Purchasing Power)
$106,272
Adjusted for COL (112.4)
While the nominal salary of $119,450 in New Jersey is attractive, it's crucial to consider the local Cost of Living Index of 112.4. This index, which is 12.4% higher than the national average, means that the purchasing power of this salary is somewhat diminished compared to areas with a lower cost of living. However, the substantial salary premium likely still offers a strong financial advantage.
Job Market Context
2,810
Total Jobs
0.661
Per 1K Jobs
1.62
Location Quotient
New Jersey has 1.6x the national concentration of Financial Examiners jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
A Location Quotient of 1.62 for Financial Examiners in New Jersey signifies a market that is 62% more concentrated than the national average. This indicates a higher demand for these professionals relative to the general workforce, suggesting a competitive but potentially rewarding job market where specialized skills are highly valued and sought after.
Nearby Job Markets
Nearby Cities for Financial Examiners
| City | Salary | Dist. |
|---|---|---|
| Trenton-Princeton, NJ Financial Examiners Salary | $99,210↓ 17% | 14 mi |
| New York-Newark-Jersey City, NY-NJ Financial Examiners Salary | $142,160↑ 19% | 39 mi |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Financial Examiners Salary | $104,990↓ 12% | 42 mi |
| Allentown-Bethlehem-Easton, PA-NJ Financial Examiners Salary | $95,470↓ 20% | 54 mi |
Comparing salaries near New Jersey
Hiring Financial Examinerss?
Frequently Asked Questions
How much does a Financial Examiners make in New Jersey?
The median annual salary for a Financial Examiners in New Jersey is $119,450. This typically ranges from $65,750 for entry-level positions to $178,790 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New Jersey is 20.5% higher than the national median of $99,150.
Is New Jersey a lucrative place for Financial Examiners?
Yes, New Jersey is a highly lucrative state for Financial Examiners.The average salary significantly surpasses the national average, and the high concentration of these roles suggests strong employer demand and competitive compensation packages.
Is New Jersey a good place to live for Financial Examiners?
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 ($99,210) and New York-Newark-Jersey City, NY-NJ.
What is the average salary for a Financial Examiner in New Jersey?
The average annual salary for a Financial Examiner in New Jersey is $119,450, which is considerably higher than the national average.
How does New Jersey's cost of living affect the Financial Examiner salary?
New Jersey's Cost of Living Index is 112.4, meaning expenses are higher than the national average. The $119,450 salary accounts for this, offering a strong financial standing despite increased living costs.
Is the job market for Financial Examiners strong in New Jersey?
Yes, the market is strong, indicated by a Location Quotient of 1.62, showing a higher concentration of these jobs compared to the national average, suggesting robust demand.
How many Financial Examiners work in New Jersey?
There are approximately 2,810 Financial Examiners employed in New Jersey, reflecting a significant presence in the state's financial sector.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,810 employees in the New Jersey area with a job density of 0.661 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Financial Examiners 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 Examiners • Data source: BLS OEWS 2024 •Jobs in New Jersey