Average Financial Examiners Salary in New York
Financial Examiners in New York are commanding an impressive average annual salary of $138,070, significantly outpacing the national average of $99,150. This substantial difference is largely driven by New York's dynamic economic landscape, robust financial sector, and the specialized demand for regulatory and compliance expertise within the state.
Executive Summary
- Average Salary: $138,070 per year.
- Growth Trend: Salaries have shifted 14.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $215,920.
- Outlook: With a local workforce of 10,580 Financial Examiners and a Location Quotient of 2.72, New York demonstrates a strong concentration of these professionals, indicating a robust and active job market. The high concentration suggests that demand for skilled Financial Examiners in the state is significantly above the national norm, pointing towards a healthy and potentially growing employment sector for this role.
Salary Overview
The average Financial Examiners in New York earns+39.3%above the national average.
$66.4
$2,655
$11,506
Financial Examiners Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that the salaries for Financial Examiners in New York have seen consistent growth over the past four years, mirroring broader economic trends and the increasing complexity of financial regulations. This upward trajectory is likely fueled by ongoing demand and the need for specialized expertise in a major financial hub.
Financial Examiners Salary Distribution in New York
The salary spectrum for Financial Examiners in New York typically widens considerably with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive expertise and specialized certifications can command salaries in the upper percentiles, often exceeding $160,000. These percentile gaps clearly signify substantial career progression and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $68,790 | $33.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $103,553 | $49.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $127,190 | $61.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $172,588 | $83 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $215,920 | $103.8 |
Detailed Financial Examiners Market Analysis
Relocation Context
Nominal Salary
$138,070
Gross Pay
Real Wage (Purchasing Power)
$110,368
Adjusted for COL (125.1)
While the nominal salary of $138,070 is attractive, New York's Cost of Living Index of 125.1 means that this income will not stretch as far as it would in a more average-cost region. After accounting for the 25.1% higher cost of living compared to the national average, the purchasing power of a Financial Examiner's salary in New York is effectively moderated, though still likely higher than the national average in real terms.
Job Market Context
10,580
Total Jobs
1.109
Per 1K Jobs
2.72
Location Quotient
New York has 2.7x 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 2.72 signifies that Financial Examiners are more than twice as concentrated in New York as they are nationally. This high concentration suggests a highly competitive market where employers actively seek out talent, but also where a deep pool of experienced professionals exists. It indicates that New York is a primary destination for this profession, offering ample opportunities but also requiring strong qualifications.
Nearby Job Markets
Nearby Cities for Financial Examiners
| City | Salary | Dist. |
|---|---|---|
| Scranton--Wilkes-Barre, PA Financial Examiners Salary | $76,750↓ 44% | 64 mi |
| Utica-Rome, NY Financial Examiners Salary | $60,750↓ 56% | 66 mi |
| Albany-Schenectady-Troy, NY Financial Examiners Salary | $85,490↓ 38% | 68 mi |
Comparing salaries near New York
Hiring Financial Examinerss?
Frequently Asked Questions
How much does a Financial Examiners make in New York?
The median annual salary for a Financial Examiners in New York is $138,070. This typically ranges from $68,790 for entry-level positions to $215,920 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New York is 39.3% higher than the national median of $99,150.
Is New York a lucrative place for Financial Examiners?
Yes, New York is a highly lucrative place for Financial Examiners.The average salary of $138,070 is significantly higher than the national average, and the strong concentration of jobs (LQ of 2.72) indicates robust demand within the state.
Is New York a good place to live for Financial Examiners?
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 Scranton--Wilkes-Barre, PA ($76,750) and Utica-Rome, NY.
How does New York's salary for Financial Examiners compare to the national average?
Financial Examiners in New York earn an average of $138,070 annually, which is substantially higher than the national average of $99,150, representing a significant premium.
What is the job market like for Financial Examiners in New York?
The job market is robust, evidenced by a high Location Quotient of 2.72 and a total local workforce of 10,580, indicating a strong concentration and demand for these professionals.
How does the cost of living affect the Financial Examiner salary in New York?
New York's Cost of Living Index is 125.1, meaning expenses are about 25% higher than the national average. While the salary is high, the increased cost of living should be factored into net disposable income.
What is the significance of the Location Quotient for Financial Examiners in New York?
A Location Quotient of 2.72 means that Financial Examiners are more than 2.7 times more concentrated in New York than in the average U.S. location, highlighting the state's importance as a hub for this profession.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 10,580 employees in the New York area with a job density of 1.109 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 Examiners • Data source: BLS OEWS 2024 •Jobs in New York