Average Management Occupations Salary in New Jersey
Management Occupations in New Jersey command an impressive average annual salary of $175,900, significantly surpassing the national average of $143,930. This elevated compensation is largely driven by New Jersey's robust economic landscape, concentration of corporate headquarters, and demand for skilled leadership in key industries that necessitate higher pay to attract and retain top talent.
Executive Summary
- Average Salary: $175,900 per year.
- Growth Trend: Salaries have shifted 9.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $263,850.
- Outlook: New Jersey boasts a substantial workforce of 307,440 individuals in Management Occupations, with 72.331 jobs per 1,000 workers. The location quotient of 1.02 indicates a concentration of these roles that is slightly above the national average, suggesting a stable and robust job market with consistent demand for managerial expertise.
Salary Overview
The average Management Occupations in New Jersey earns+22.2%above the national average.
$84.6
$3,383
$14,658
Management Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Management Occupations in New Jersey have experienced steady growth over the past four years, mirroring national trends. Factors such as economic expansion, inflation, and increasing demand for experienced leadership likely contribute to this upward salary trajectory.
Management Occupations Salary Distribution in New Jersey
Salary progression within Management Occupations in New Jersey is strongly tied to experience. Entry-level management roles typically start at lower percentiles, while senior leadership positions command salaries in the upper percentiles. The significant salary gaps between different experience levels highlight clear career progression pathways and the increasing value placed on seasoned professionals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $80,600 | $38.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $131,925 | $63.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $161,920 | $77.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $219,875 | $105.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $263,850 | $126.9 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$175,900
Gross Pay
Real Wage (Purchasing Power)
$156,495
Adjusted for COL (112.4)
The average annual salary of $175,900 in New Jersey for Management Occupations must be considered in light of the state's Cost of Living Index of 112.4. While the nominal salary is high, the cost of living being 12.4% above the national average means that the purchasing power of this salary is slightly reduced compared to living in a more affordable region.
Job Market Context
307,440
Total Jobs
72.331
Per 1K Jobs
1.02
Location Quotient
With a location quotient of 1.02, New Jersey has a slightly higher-than-average concentration of Management Occupations roles compared to the national norm.
With a Location Quotient of 1.02, New Jersey's market for Management Occupations is slightly more concentrated than the national average. This suggests a competitive yet stable environment where the demand for management professionals is well-established and slightly exceeds the national proportion of available roles.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Trenton-Princeton, NJ Management Occupations Salary | $177,720↑ 1% | 14 mi |
| New York-Newark-Jersey City, NY-NJ Management Occupations Salary | $192,990↑ 10% | 39 mi |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Management Occupations Salary | $148,650↓ 15% | 42 mi |
| Allentown-Bethlehem-Easton, PA-NJ Management Occupations Salary | $127,240↓ 28% | 54 mi |
| Vineland, NJ Management Occupations Salary | $135,150↓ 23% | 63 mi |
Comparing salaries near New Jersey
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in New Jersey?
The median annual salary for a Management Occupations in New Jersey is $175,900. This typically ranges from $80,600 for entry-level positions to $263,850 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New Jersey is 22.2% higher than the national median of $143,930.
Is New Jersey a lucrative place for Management Occupationss?
Yes, New Jersey is a lucrative state for Management Occupations.The average salary of $175,900 significantly exceeds the national average, and the slightly above-average concentration of these roles indicates strong market demand.
Is New Jersey a good place to live for Management Occupations?
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 Trenton-Princeton, NJ ($177,720) and New York-Newark-Jersey City, NY-NJ.
What is the average salary for Management Occupations in New Jersey?
The average annual salary for Management Occupations in New Jersey is $175,900.
How does New Jersey's average salary compare to the national average?
New Jersey's average salary of $175,900 is substantially higher than the national average of $143,930 for Management Occupations.
Is the job market for Management Occupations strong in New Jersey?
Yes, the job market is strong, indicated by a substantial local workforce and a location quotient slightly above the national average, suggesting consistent demand.
How does the cost of living in New Jersey affect the salary for Management Occupations?
The cost of living in New Jersey is 12.4% higher than the national average, meaning that while the nominal salary is high, the real purchasing power is slightly diminished compared to more affordable states.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 307,440 employees in the New Jersey area with a job density of 72.331 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Management Occupations • Data source: BLS OEWS 2024 •Jobs in New Jersey