Average Financial Specialists, All Other Salary in New York-Newark-Jersey City, NY-NJ
Financial Specialists, All Other in the New York-Newark-Jersey City, NY-NJ area command an impressive average annual salary of $152,750. This figure significantly surpasses the national average of $94,320, indicating a strong demand and higher compensation structure within this major metropolitan hub. The concentration of financial services and the complexity of the regional economy likely contribute to this elevated pay scale.
Executive Summary
- Average Salary: $152,750 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $229,125.
- Outlook: With a local workforce of 8,690 Financial Specialists, All Other, and a Location Quotient of 1.12, the New York-Newark-Jersey City region demonstrates a robust and slightly more concentrated job market than the national average. This suggests a healthy demand for these professionals, with employment opportunities being more prevalent here compared to other areas across the country.
Salary Overview
The average Financial Specialists, All Other in New York-Newark-Jersey City, NY-NJ earns+61.9%above the national average.
$73.4
$2,938
$12,729
Financial Specialists, All Other Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salaries for Financial Specialists, All Other in the New York-Newark-Jersey City area have experienced consistent growth over the past four years. This trend is typical for specialized roles in major economic centers, driven by inflation, increasing demand for financial expertise, and the overall expansion of the financial sector.
Financial Specialists, All Other Salary Distribution in New York-Newark-Jersey City, NY-NJ
Salary progression for Financial Specialists, All Other typically scales with experience. Entry-level positions will naturally fall at the lower end of the pay spectrum, while seasoned professionals with extensive expertise and a proven track record can command salaries significantly higher than the average. The percentile gaps in salary distribution highlight clear opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $65,600 | $31.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $114,563 | $55.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $108,970 | $52.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $190,938 | $91.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $229,125 | $110.2 |
Detailed Financial Specialists, All Other Market Analysis
Relocation Context
Nominal Salary
$152,750
Gross Pay
Real Wage (Purchasing Power)
$152,750
Adjusted for COL (100)
The average annual salary of $152,750 in New York-Newark-Jersey City aligns perfectly with the national Cost of Living Index of 100. This means that while the nominal salary is substantially higher than the national average, the purchasing power of that salary is equivalent to the national average, considering the local cost of living.
Job Market Context
8,690
Total Jobs
0.928
Per 1K Jobs
1.12
Location Quotient
With a location quotient of 1.12, New York-Newark-Jersey City, NY-NJ has a slightly higher-than-average concentration of Financial Specialists, All Other roles compared to the national norm.
A Location Quotient of 1.12 indicates that Financial Specialists, All Other are 12% more concentrated in the New York-Newark-Jersey City area than the national average. This suggests a competitive yet abundant job market, where employers actively seek out this talent, and professionals have a slightly better chance of finding specialized roles compared to less concentrated regions.
Nearby Job Markets
Nearby Cities for Financial Specialists, All Other
| City | Salary | Dist. |
|---|---|---|
| Kiryas Joel-Poughkeepsie-Newburgh, NY Financial Specialists, All Other Salary | $78,270↓ 49% | 44 mi |
| Trenton-Princeton, NJ Financial Specialists, All Other Salary | $90,250↓ 41% | 52 mi |
| Bridgeport-Stamford-Danbury, CT Financial Specialists, All Other Salary | $84,700↓ 45% | 54 mi |
| New Haven, CT Financial Specialists, All Other Salary | $74,040↓ 52% | 70 mi |
| Waterbury-Shelton, CT Financial Specialists, All Other Salary | $80,500↓ 47% | 77 mi |
Comparing salaries near New York-Newark-Jersey City, NY-NJ
Hiring Financial Specialists, All Others?
Frequently Asked Questions
How much does a Financial Specialists, All Other make in New York-Newark-Jersey City, NY-NJ?
The median annual salary for a Financial Specialists, All Other in New York-Newark-Jersey City, NY-NJ is $152,750. This typically ranges from $65,600 for entry-level positions to $229,125 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 61.9% higher than the national median of $94,320.
Is New York-Newark-Jersey City, NY-NJ a lucrative place for Financial Specialists, All Others?
Yes, it is a highly lucrative place for Financial Specialists, All Others.The average salary of $152,750 is significantly above the national average, and the Location Quotient of 1.12 indicates a strong concentration of these roles, suggesting high demand.
Is New York-Newark-Jersey City, NY-NJ a good place to live for Financial Specialists, 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 ($78,270) and Trenton-Princeton, NJ.
How does the local salary compare to the national average?
The average annual salary for Financial Specialists, All Other in New York-Newark-Jersey City is $152,750, which is substantially higher than the national average of $94,320.
What is the total number of Financial Specialists, All Other in this region?
There are approximately 8,690 Financial Specialists, All Other employed in the New York-Newark-Jersey City, NY-NJ area.
How does the cost of living in New York-Newark-Jersey City affect the salary?
The Cost of Living Index is 100, which is the national average. Therefore, the higher nominal salary of $152,750 translates to a purchasing power equivalent to the national average.
Is the job market for Financial Specialists, All Other concentrated in this area?
Yes, with a Location Quotient of 1.12, the job market for Financial Specialists, All Other is 12% more concentrated in this region than the national average, indicating a higher prevalence of these roles.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 8,690 employees in the New York-Newark-Jersey City, NY-NJ area with a job density of 0.928 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 Specialists, All Other • Data source: BLS OEWS 2024 •Jobs in New York-Newark-Jersey City, NY-NJ