Average Financial Examiners Salary in New York-Newark-Jersey City, NY-NJ
Financial Examiners in the New York-Newark-Jersey City, NY-NJ metropolitan area command an impressive average annual salary of $142,160. This figure significantly outpaces the national average of $99,150, reflecting the region's robust financial sector and the specialized demand for these critical roles. The concentration of financial institutions and regulatory bodies in this major economic hub directly contributes to the elevated compensation for financial examiners.
Executive Summary
- Average Salary: $142,160 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $219,040.
- Outlook: The job market for Financial Examiners in New York-Newark-Jersey City appears robust, supported by a substantial local workforce of 11,310 individuals. A Location Quotient of 2.97 indicates a significantly higher concentration of these professionals compared to the national average, suggesting strong and sustained demand within the region's economy.
Salary Overview
The average Financial Examiners in New York-Newark-Jersey City, NY-NJ earns+43.4%above the national average.
$68.4
$2,734
$11,847
Financial Examiners Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Financial Examiners in the New York-Newark-Jersey City area have experienced consistent growth over the past four years. This trend is typically driven by increasing regulatory complexity, evolving financial landscapes, and the persistent demand for skilled professionals to ensure financial integrity and compliance.
Financial Examiners Salary Distribution in New York-Newark-Jersey City, NY-NJ
Career progression for Financial Examiners in this region offers substantial earning potential. Entry-level positions typically start at the lower end of the salary spectrum, while seasoned professionals with extensive experience and specialized certifications can command salaries well into the upper percentiles. The significant gap between entry-level and senior roles, often seen in percentile data, underscores the rewarding career trajectory available.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $79,850 | $38.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $106,620 | $51.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $131,670 | $63.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $177,700 | $85.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $219,040 | $105.3 |
Detailed Financial Examiners Market Analysis
Relocation Context
Nominal Salary
$142,160
Gross Pay
Real Wage (Purchasing Power)
$142,160
Adjusted for COL (100)
With an average annual salary of $142,160 and a Cost of Living Index at the national average of 100, Financial Examiners in New York-Newark-Jersey City enjoy a strong purchasing power. The nominal salary effectively translates into a high real income, allowing for a comfortable standard of living within this major metropolitan area without the typical financial strain associated with higher cost-of-living regions.
Job Market Context
11,310
Total Jobs
1.208
Per 1K Jobs
2.97
Location Quotient
New York-Newark-Jersey City, NY-NJ has 3.0x 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.
The Location Quotient of 2.97 for Financial Examiners in New York-Newark-Jersey City signifies a market where these professionals are highly concentrated, nearly three times the national average. This indicates a competitive yet abundant job market, with numerous opportunities available for qualified individuals, and a strong regional specialization in financial oversight.
Nearby Job Markets
Nearby Cities for Financial Examiners
| City | Salary | Dist. |
|---|---|---|
| Kiryas Joel-Poughkeepsie-Newburgh, NY Financial Examiners Salary | $84,490↓ 41% | 44 mi |
| Trenton-Princeton, NJ Financial Examiners Salary | $99,210↓ 30% | 52 mi |
| Bridgeport-Stamford-Danbury, CT Financial Examiners Salary | $191,170↑ 34% | 54 mi |
Comparing salaries near New York-Newark-Jersey City, NY-NJ
Hiring Financial Examinerss?
Frequently Asked Questions
How much does a Financial Examiners make in New York-Newark-Jersey City, NY-NJ?
The median annual salary for a Financial Examiners in New York-Newark-Jersey City, NY-NJ is $142,160. This typically ranges from $79,850 for entry-level positions to $219,040 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 43.4% higher than the national median of $99,150.
Is New York-Newark-Jersey City, NY-NJ a lucrative place for Financial Examiners?
Yes, it is a highly lucrative location for Financial Examiners.The average salary of $142,160 is substantially higher than the national average, and the Cost of Living Index is at the national average, indicating excellent earning potential and purchasing power.
Is New York-Newark-Jersey City, NY-NJ a good place to live for Financial Examiners?
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 ($84,490) and Trenton-Princeton, NJ.
How does the Financial Examiner salary in NY-NJ compare to the national average?
The average salary for Financial Examiners in New York-Newark-Jersey City, NY-NJ is $142,160, which is significantly higher than the national average of $99,150.
What is the concentration of Financial Examiners in the NY-NJ area?
The concentration, measured by the Location Quotient, is 2.97, indicating that Financial Examiners are nearly three times more prevalent in this region than the national average.
Does the Cost of Living affect the Financial Examiner salary in NY-NJ?
The Cost of Living Index for New York-Newark-Jersey City is 100, which is the national average. This means the high nominal salary of $142,160 offers strong real income and purchasing power.
How many Financial Examiners work in the NY-NJ area?
There are approximately 11,310 Financial Examiners employed within the New York-Newark-Jersey City, NY-NJ metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 11,310 employees in the New York-Newark-Jersey City, NY-NJ area with a job density of 1.208 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-Newark-Jersey City, NY-NJ