Average Jewelers and Precious Stone and Metal Workers Salary in New Jersey
Jewelers and Precious Stone and Metal Workers in New Jersey earn an average annual salary of $43,680. This figure is notably lower than the national average of $55,030, suggesting that local market dynamics and potentially a different cost-of-living adjustment influence compensation in the Garden State for this specialized trade. The specific economic landscape of New Jersey shapes the earning potential for these skilled artisans.
Executive Summary
- Average Salary: $43,680 per year.
- Growth Trend: Salaries have shifted 13.4% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $62,870.
- Outlook: With a local workforce of 850 professionals, the market for Jewelers and Precious Stone and Metal Workers in New Jersey indicates a stable, albeit niche, employment sector. The Location Quotient of 1.32 signifies a higher concentration of these roles compared to the national average, suggesting a robust demand or a specialized industry presence within the state that supports this workforce size.
Salary Overview
The average Jewelers and Precious Stone and Metal Workers in New Jersey earns-20.6%below the national average.
$21
$840
$3,640
Jewelers and Precious Stone and Metal Workers Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Jewelers and Precious Stone and Metal Workers in New Jersey have seen gradual growth over the past four years, mirroring general economic trends and inflation. Increased demand for bespoke jewelry, coupled with a desire for skilled craftsmanship, likely contributes to upward pressure on wages, even if the rate of growth is modest.
Jewelers and Precious Stone and Metal Workers Salary Distribution in New Jersey
Career progression for Jewelers and Precious Stone and Metal Workers typically involves a significant salary increase from entry-level to senior positions. While specific percentile data is absent, the expected salary range widens considerably with experience, specialized skills, and a proven track record in areas like custom design, repair, or gem setting. The gap between lower and higher percentile earnings highlights the substantial career advancement opportunities available.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $31,470 | $15.1 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $32,760 | $15.8 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $40,260 | $19.4 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $54,600 | $26.3 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $62,870 | $30.2 |
Detailed Jewelers and Precious Stone and Metal Workers Market Analysis
Relocation Context
Nominal Salary
$43,680
Gross Pay
Real Wage (Purchasing Power)
$38,861
Adjusted for COL (112.4)
The nominal average salary of $43,680 in New Jersey presents a mixed picture when considering the local Cost of Living Index of 112.4. This index indicates that living expenses in New Jersey are approximately 12.4% higher than the national average. Therefore, the purchasing power of the average jeweler's salary in New Jersey is somewhat diminished compared to areas with a lower cost of living, requiring careful financial planning.
Job Market Context
850
Total Jobs
0.201
Per 1K Jobs
1.32
Location Quotient
With a location quotient of 1.32, New Jersey has a slightly higher-than-average concentration of Jewelers and Precious Stone and Metal Workers roles compared to the national norm.
A Location Quotient of 1.32 for Jewelers and Precious Stone and Metal Workers in New Jersey indicates that this profession is more concentrated in the state than the national average. This suggests a potentially competitive market for skilled individuals, but also points to a strong presence of related industries or a higher demand for these specialized services within New Jersey's economy.
Nearby Job Markets
Nearby Cities for Jewelers and Precious Stone and Metal Workers
| City | Salary | Dist. |
|---|---|---|
| New York-Newark-Jersey City, NY-NJ Jewelers and Precious Stone and Metal Workers Salary | $60,850↑ 39% | 39 mi |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Jewelers and Precious Stone and Metal Workers Salary | $54,180↑ 24% | 42 mi |
Comparing salaries near New Jersey
Hiring Jewelers and Precious Stone and Metal Workerss?
Frequently Asked Questions
How much does a Jewelers and Precious Stone and Metal Workers make in New Jersey?
The median annual salary for a Jewelers and Precious Stone and Metal Workers in New Jersey is $43,680. This typically ranges from $31,470 for entry-level positions to $62,870 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New Jersey is 20.6% lower than the national median of $55,030.
Is New Jersey a lucrative place for Jewelers and Precious Stone and Metal Workerss?
No, not compared to the national average.While New Jersey has a higher concentration of these professionals, the average salary of $43,680 falls below the national average of $55,030. Furthermore, the cost of living is above the national average, reducing the real value of this salary.
Is New Jersey a good place to live for Jewelers and Precious Stone and Metal Workers?
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 ($60,850) and Philadelphia-Camden-Wilmington, PA-NJ-DE-MD.
How does the New Jersey workforce size compare nationally?
With 850 Jewelers and Precious Stone and Metal Workers, New Jersey has a significant presence, indicated by a Location Quotient of 1.32, suggesting a higher concentration than the national average.
What is the job outlook for Jewelers in New Jersey?
The job outlook appears stable, with a concentration quotient above the national average suggesting consistent demand for skilled professionals in this specialized field within the state.
How does experience impact a jeweler's salary in New Jersey?
Experience is a key driver of salary growth for jewelers, with senior professionals commanding significantly higher earnings than entry-level workers, reflecting increased skill and specialization.
Is the New Jersey salary competitive given the cost of living?
The average salary of $43,680 is somewhat challenged by New Jersey's cost of living index of 112.4, meaning the purchasing power of this salary is less than the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 850 employees in the New Jersey area with a job density of 0.201 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Jewelers and Precious Stone and Metal Workers • Data source: BLS OEWS 2024 •Jobs in New Jersey