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Average Foundry Mold and Coremakers Salary in New York

Foundry Mold and Coremakers in New York earn an average annual salary of $55,950, significantly higher than the national average of $46,830. This elevated pay is largely attributed to New York's robust industrial sector and the specialized skills required for this trade, which command a premium in the state's competitive labor market.

Executive Summary

  • Average Salary: $55,950 per year.
  • Growth Trend: Salaries have shifted 31.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $74,970.
  • Outlook: With a total local workforce of 210, the Foundry Mold and Coremaker profession in New York represents a niche but stable segment of the state's manufacturing landscape. The Location Quotient of 0.27 indicates a lower concentration compared to the national average, suggesting that while the absolute number of jobs is modest, the demand within its specific industrial context may be consistent.
2024 Market Data

Salary Overview

$55,950

The average Foundry Mold and Coremakers in New York earns+19.5%above the national average.

BreakdownBased on 40h/week
Hourly

$26.9

Weekly

$1,076

Monthly

$4,663

Foundry Mold and Coremakers Salary Distribution in New York

Salary progression for Foundry Mold and Coremakers in New York typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with extensive expertise and a proven track record can command significantly higher salaries, often reaching into the upper percentiles. These percentile gaps clearly signify career advancement opportunities and the value placed on accumulated skill and knowledge.

Experience LevelMarket PercentileAnnual WageHourly Rate
ApprenticeLearning trade under supervision. Classroom + OJT.10% (Entry)$39,310$18.9
JourneymanLicensed/Certified. Works independently on standard tasks.25% (Junior)$41,963$20.2
Senior TechnicianHandles complex installations & troubleshooting.50% (Median)$51,770$24.9
Foreman / MasterSupervises crews, handles permits & code compliance.75% (Senior)$69,938$33.6
SuperintendentSite management, business owner, or master tradesman.90% (Expert)$74,970$36

Detailed Foundry Mold and Coremakers Market Analysis

Relocation Context

Nominal Salary

$55,950

Gross Pay

Real Wage (Purchasing Power)

$44,724

Adjusted for COL (125.1)

The nominal average salary of $55,950 in New York for Foundry Mold and Coremakers must be considered in light of the state's Cost of Living Index of 125.1. This index, which is 25.1% higher than the national average, means that while the gross salary is attractive, the purchasing power may be somewhat diminished compared to living in a more affordable region. Careful budgeting is essential for individuals considering relocation.

Job Market Context

210

Total Jobs

0.022

Per 1K Jobs

0.27

Location Quotient

Low Concentration

At 0.27x, New York has a notably lower concentration of Foundry Mold and Coremakers jobs than the national average. Opportunities in this area are relatively scarce for this profession.

A Location Quotient of 0.27 for Foundry Mold and Coremakers in New York suggests that this profession is less concentrated in the state compared to the national average. This indicates that the job market may not be saturated, potentially offering good opportunities for skilled individuals. However, it also implies that the overall number of available positions might be limited, requiring a targeted approach for job seekers.

Nearby Job Markets

Hiring Foundry Mold and Coremakerss?

Frequently Asked Questions

How much does a Foundry Mold and Coremakers make in New York?

The median annual salary for a Foundry Mold and Coremakers in New York is $55,950. This typically ranges from $39,310 for entry-level positions to $74,970 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in New York is 19.5% higher than the national median of $46,830.

Is New York a lucrative place for Foundry Mold and Coremakers?

Yes, with caveats.Foundry Mold and Coremakers in New York earn a notably higher average salary than the national average. However, this is balanced by a significantly higher cost of living in the state.

Is New York a good place to live for Foundry Mold and Coremakers?

The Cost of Living Index in New York is 125.1. While higher than average, this often correlates with higher wages.

What is the average salary for a Foundry Mold and Coremaker in New York?

The average annual salary for a Foundry Mold and Coremaker in New York is $55,950.

How does the New York salary compare to the national average?

The average salary in New York ($55,950) is higher than the national average ($46,830) for Foundry Mold and Coremakers.

Is the job market for Foundry Mold and Coremakers large in New York?

The total local workforce is 210, and the Location Quotient is 0.27, indicating a lower concentration of these jobs in New York compared to the national average.

How does the cost of living affect the salary in New York?

New York has a Cost of Living Index of 125.1, meaning it is 25.1% more expensive than the national average, which impacts the real purchasing power of the $55,950 salary.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the New York area with a job density of 0.022 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Foundry Mold and Coremakers • Data source: BLS OEWS 2024 •Jobs in New York