SalaryNode

Average Jewelers and Precious Stone and Metal Workers Salary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

In the Philadelphia-Camden-Wilmington metropolitan area, Jewelers and Precious Stone and Metal Workers earn an average annual salary of $54,180. This figure is slightly below the national average of $55,030, suggesting a localized market dynamic that influences compensation. Factors such as regional demand, cost of doing business, and the specific economic landscape of this multi-state region contribute to this pay differential.

Executive Summary

  • Average Salary: $54,180 per year.
  • Growth Trend: Salaries have shifted 6.8% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $71,800.
  • Outlook: The local job market for Jewelers and Precious Stone and Metal Workers in Philadelphia-Camden-Wilmington, with a total workforce of 210, indicates a niche employment sector. The Location Quotient of 0.48 suggests that this profession is less concentrated here than the national average, implying a potentially less saturated but also possibly less robust demand compared to national trends. While the absolute number of jobs is modest, the concentration level warrants further investigation into specific sub-sectors or specialized roles within the region.
2024 Market Data

Salary Overview

$54,180

The average Jewelers and Precious Stone and Metal Workers in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD earns-1.5%below the national average.

BreakdownBased on 40h/week
Hourly

$26.1

Weekly

$1,042

Monthly

$4,515

Jewelers and Precious Stone and Metal Workers Salary Distribution in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

Career progression for Jewelers and Precious Stone and Metal Workers typically involves a significant salary increase from entry-level to senior positions. As professionals gain experience, hone their specialized skills in areas like gem setting, design, or repair, and build a reputation, their earning potential expands considerably. The percentile gaps in salary distributions clearly signify this career trajectory, with experienced artisans commanding higher compensation due to their expertise and established clienteles.

Experience LevelMarket PercentileAnnual WageHourly Rate
ApprenticeLearning trade under supervision. Classroom + OJT.10% (Entry)$37,030$17.8
JourneymanLicensed/Certified. Works independently on standard tasks.25% (Junior)$40,635$19.5
Senior TechnicianHandles complex installations & troubleshooting.50% (Median)$56,210$27
Foreman / MasterSupervises crews, handles permits & code compliance.75% (Senior)$67,725$32.6
SuperintendentSite management, business owner, or master tradesman.90% (Expert)$71,800$34.5

Detailed Jewelers and Precious Stone and Metal Workers Market Analysis

Relocation Context

Nominal Salary

$54,180

Gross Pay

Real Wage (Purchasing Power)

$54,180

Adjusted for COL (100)

The average annual salary of $54,180 in Philadelphia-Camden-Wilmington aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of a jeweler's salary in this region is comparable to the national standard, indicating that the nominal salary effectively covers typical living expenses without a significant premium or discount.

Job Market Context

210

Total Jobs

0.073

Per 1K Jobs

0.48

Location Quotient

Low Concentration

At 0.48x, Philadelphia-Camden-Wilmington, PA-NJ-DE-MD has a notably lower concentration of Jewelers and Precious Stone and Metal Workers jobs than the national average. Opportunities in this area are relatively scarce for this profession.

With a Location Quotient of 0.48, the Philadelphia-Camden-Wilmington area has a lower concentration of Jewelers and Precious Stone and Metal Workers compared to the national average. This suggests that the job market is not overly saturated, potentially offering opportunities for skilled professionals. However, it also implies that the demand might be more specialized or less widespread than in areas with a higher concentration of these workers.

Nearby Job Markets

Hiring Jewelers and Precious Stone and Metal Workerss?

Frequently Asked Questions

How much does a Jewelers and Precious Stone and Metal Workers make in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?

The median annual salary for a Jewelers and Precious Stone and Metal Workers in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is $54,180. This typically ranges from $37,030 for entry-level positions to $71,800 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 1.5% lower than the national median of $55,030.

Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a lucrative place for Jewelers and Precious Stone and Metal Workerss?

No, it is slightly below the national average.The average salary of $54,180 is marginally lower than the national average of $55,030, and the cost of living is on par with the national average, indicating no significant financial advantage.

Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a good place to live for Jewelers and Precious Stone and Metal Workers?

The Cost of Living Index in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 100. While higher than average, this often correlates with higher wages.

How does the local workforce size affect job prospects?

A local workforce of 210 suggests a relatively small and specialized market for Jewelers and Precious Stone and Metal Workers in the Philadelphia-Camden-Wilmington area, which could mean fewer overall opportunities but potentially less competition for niche roles.

What does a Location Quotient of 0.48 mean for jewelers?

A Location Quotient of 0.48 indicates that jewelers are less concentrated in Philadelphia-Camden-Wilmington than the national average. This suggests a potentially less competitive market but also possibly lower overall demand compared to national benchmarks.

How does the cost of living impact the $54,180 salary?

With a Cost of Living Index of 100, the $54,180 salary in Philadelphia-Camden-Wilmington offers purchasing power equivalent to the national average, meaning expenses are neither significantly higher nor lower than the typical US city.

Are there many jobs per 1,000 workers for jewelers in this area?

With 0.073 jobs per 1,000 workers, the employment density for Jewelers and Precious Stone and Metal Workers in Philadelphia-Camden-Wilmington is quite low, reflecting a specialized occupational presence within the broader labor market.

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 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area with a job density of 0.073 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

Semantic Salary Analysis for Jewelers and Precious Stone and Metal Workers • Data source: BLS OEWS 2024 •Jobs in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD