Average Funeral Home Managers Salary in New Jersey
Funeral Home Managers in New Jersey command an impressive average annual salary of $101,210, substantially exceeding the national average of $85,650. This elevated compensation is likely driven by a combination of factors inherent to the Garden State, including a higher cost of living and a concentrated demand for specialized services within the funeral industry.
Executive Summary
- Average Salary: $101,210 per year.
- Growth Trend: Salaries have shifted 13.8% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $161,360.
- Outlook: With a local workforce of 530 Funeral Home Managers and a Location Quotient of 1.48, New Jersey demonstrates a notable concentration of this profession compared to the national landscape. This suggests a robust and potentially growing demand for skilled professionals in this vital sector, indicating a stable job market for those in or aspiring to this role.
Salary Overview
The average Funeral Home Managers in New Jersey earns+18.2%above the national average.
$48.7
$1,946
$8,434
Funeral Home Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Funeral Home Managers in New Jersey have experienced consistent growth over the past four years. This trend would align with broader economic patterns and the increasing professionalization of the funeral service industry, reflecting both inflation and a rising demand for experienced leadership.
Funeral Home Managers Salary Distribution in New Jersey
Career progression for Funeral Home Managers in New Jersey typically involves significant salary increases with experience. Entry-level positions may start at a lower percentile, but seasoned professionals with extensive management experience and a proven track record can expect to reach the higher salary percentiles, reflecting their increased responsibilities and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $64,520 | $31 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $75,908 | $36.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $82,830 | $39.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $126,513 | $60.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $161,360 | $77.6 |
Detailed Funeral Home Managers Market Analysis
Relocation Context
Nominal Salary
$101,210
Gross Pay
Real Wage (Purchasing Power)
$90,044
Adjusted for COL (112.4)
The average annual salary of $101,210 in New Jersey presents a strong nominal income. However, with a Cost of Living Index of 112.4, residents face expenses approximately 12.4% higher than the national average. This means that while the salary is generous, the purchasing power needs to be considered within the context of New Jersey's elevated living costs.
Job Market Context
530
Total Jobs
0.126
Per 1K Jobs
1.48
Location Quotient
With a location quotient of 1.48, New Jersey has a slightly higher-than-average concentration of Funeral Home Managers roles compared to the national norm.
A Location Quotient of 1.48 signifies that Funeral Home Managers are more concentrated in New Jersey than the national average. This suggests a specialized market where demand may outpace supply in certain areas, potentially leading to competitive hiring practices and higher compensation to attract and retain talent within this specific professional niche.
Nearby Job Markets
Nearby Cities for Funeral Home Managers
| City | Salary | Dist. |
|---|---|---|
| New York-Newark-Jersey City, NY-NJ Funeral Home Managers Salary | $108,990↑ 8% | 39 mi |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Funeral Home Managers Salary | $103,960↑ 3% | 42 mi |
| Allentown-Bethlehem-Easton, PA-NJ Funeral Home Managers Salary | $97,340↓ 4% | 54 mi |
Comparing salaries near New Jersey
Hiring Funeral Home Managerss?
Frequently Asked Questions
How much does a Funeral Home Managers make in New Jersey?
The median annual salary for a Funeral Home Managers in New Jersey is $101,210. This typically ranges from $64,520 for entry-level positions to $161,360 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New Jersey is 18.2% higher than the national median of $85,650.
Is New Jersey a lucrative place for Funeral Home Managerss?
Yes, New Jersey is a highly lucrative location for Funeral Home Managers.Funeral Home Managers in New Jersey earn approximately 18% more than the national average, indicating a strong financial incentive to work in the state.
Is New Jersey a good place to live for Funeral Home Managers?
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 New York-Newark-Jersey City, NY-NJ ($108,990) and Philadelphia-Camden-Wilmington, PA-NJ-DE-MD.
How does New Jersey's cost of living affect Funeral Home Manager salaries?
New Jersey's cost of living is 12.4% above the national average. While the high salary of $101,210 helps offset this, it's crucial to factor in these increased expenses when evaluating the true value of the compensation.
What is the concentration of Funeral Home Managers in New Jersey?
The Location Quotient of 1.48 indicates that Funeral Home Managers are 48% more concentrated in New Jersey than the national average, suggesting a higher demand and specialized market.
How many Funeral Home Managers are there in New Jersey?
The total local workforce for Funeral Home Managers in New Jersey is approximately 530 individuals, reflecting a significant presence in the state.
Are there more job opportunities for Funeral Home Managers in New Jersey compared to the national average?
With 0.126 jobs per 1,000 workers and a Location Quotient above 1, New Jersey presents a comparatively favorable job market for Funeral Home Managers, indicating a higher density of opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 530 employees in the New Jersey area with a job density of 0.126 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Funeral Home Managers 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 Funeral Home Managers • Data source: BLS OEWS 2024 •Jobs in New Jersey