Jewelers and Precious Stone and Metal Workers in the New York-Newark-Jersey City, NY-NJ metropolitan area earn an impressive average annual salary of $60,850. This figure significantly surpasses the national average of $55,030, indicating a strong demand and higher compensation for skilled artisans in this region. The concentration of luxury markets and a robust economy likely contribute to this elevated pay scale.
Executive Summary
- Average Salary: $60,850 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $98,400.
- Outlook: The local job market for Jewelers and Precious Stone and Metal Workers in New York-Newark-Jersey City, NY-NJ appears robust, with a total workforce of 5,010 individuals. This substantial presence, coupled with a Location Quotient of 3.52, suggests a significantly higher concentration of these roles compared to the national average, pointing towards a healthy and active demand for these specialized professionals.
Salary Overview
The average Jewelers and Precious Stone and Metal Workers in New York-Newark-Jersey City, NY-NJ earns+10.6%above the national average.
$29.3
$1,170
$5,071
Jewelers and Precious Stone and Metal Workers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Jewelers and Precious Stone and Metal Workers in New York-Newark-Jersey City, NY-NJ have experienced steady growth over the past four years. Factors such as inflation, increasing demand for bespoke jewelry, and the general economic climate likely contribute to an upward trend in compensation for this skilled trade.
Jewelers and Precious Stone and Metal Workers Salary Distribution in New York-Newark-Jersey City, NY-NJ
Career progression for Jewelers and Precious Stone and Metal Workers typically involves a significant salary increase from entry-level to senior positions. While exact figures vary, experienced professionals can command substantially higher earnings, reflecting their refined skills, specialized knowledge, and ability to handle complex or high-value projects. The percentile gaps in salary distribution highlight these opportunities for advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $35,990 | $17.3 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $45,638 | $21.9 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $49,020 | $23.6 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $76,063 | $36.6 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $98,400 | $47.3 |
Detailed Jewelers and Precious Stone and Metal Workers Market Analysis
Relocation Context
Nominal Salary
$60,850
Gross Pay
Real Wage (Purchasing Power)
$60,850
Adjusted for COL (100)
With an average annual salary of $60,850 and a Cost of Living Index at the national average of 100, Jewelers and Precious Stone and Metal Workers in New York-Newark-Jersey City, NY-NJ can expect their earnings to align closely with the national standard of living expenses. This means that while the nominal salary is higher than the national average, the cost of goods and services locally is also comparable, offering a balanced financial landscape.
Job Market Context
5,010
Total Jobs
0.535
Per 1K Jobs
3.52
Location Quotient
New York-Newark-Jersey City, NY-NJ has 3.5x the national concentration of Jewelers and Precious Stone and Metal Workers 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 3.52 for Jewelers and Precious Stone and Metal Workers in New York-Newark-Jersey City, NY-NJ signifies a market that is 3.52 times more concentrated than the national average. This indicates a highly specialized and potentially competitive job market, with a greater abundance of opportunities and a strong presence of industry-specific talent and businesses within the region.
Nearby Job Markets
Nearby Cities for Jewelers and Precious Stone and Metal Workers
| City | Salary | Dist. |
|---|---|---|
| Kiryas Joel-Poughkeepsie-Newburgh, NY Jewelers and Precious Stone and Metal Workers Salary | $56,250↓ 8% | 44 mi |
| Bridgeport-Stamford-Danbury, CT Jewelers and Precious Stone and Metal Workers Salary | $67,580↑ 11% | 54 mi |
| New Haven, CT Jewelers and Precious Stone and Metal Workers Salary | $55,860↓ 8% | 70 mi |
Comparing salaries near New York-Newark-Jersey City, NY-NJ
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 York-Newark-Jersey City, NY-NJ?
The median annual salary for a Jewelers and Precious Stone and Metal Workers in New York-Newark-Jersey City, NY-NJ is $60,850. This typically ranges from $35,990 for entry-level positions to $98,400 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 10.6% higher than the national median of $55,030.
Is New York-Newark-Jersey City, NY-NJ a lucrative place for Jewelers and Precious Stone and Metal Workerss?
Yes, it is a lucrative area for Jewelers and Precious Stone and Metal Workers.The average salary of $60,850 significantly exceeds the national average, and the high concentration of these roles (LQ of 3.52) suggests strong local demand and earning potential.
Is New York-Newark-Jersey City, NY-NJ a good place to live for Jewelers and Precious Stone and Metal Workers?
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 ($56,250) and Bridgeport-Stamford-Danbury, CT.
How does the local salary compare to the national average?
The average annual salary for Jewelers and Precious Stone and Metal Workers in New York-Newark-Jersey City, NY-NJ is $60,850, which is notably higher than the national average of $55,030.
What is the concentration of Jewelers and Precious Stone and Metal Workers in this area?
This region has a Location Quotient of 3.52, meaning the concentration of Jewelers and Precious Stone and Metal Workers is more than three times the national average, indicating a significant presence of this profession.
How does the Cost of Living affect the salary in New York-Newark-Jersey City, NY-NJ?
The Cost of Living Index is 100, which is the national average. This suggests that the higher nominal salary of $60,850 is balanced by comparable living expenses, offering a standard purchasing power relative to the rest of the country.
What is the total number of Jewelers and Precious Stone and Metal Workers in this metropolitan area?
There are approximately 5,010 Jewelers and Precious Stone and Metal Workers 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 5,010 employees in the New York-Newark-Jersey City, NY-NJ area with a job density of 0.535 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 York-Newark-Jersey City, NY-NJ