Average Management Occupations Salary in New York-Newark-Jersey City, NY-NJ
Management Occupations in the New York-Newark-Jersey City, NY-NJ area command an impressive average annual salary of $192,990. This figure significantly surpasses the national average of $143,930, reflecting the region's robust economic activity and high demand for skilled leadership. The concentration of major corporations and diverse industries within this metropolitan hub directly contributes to this elevated compensation.
Executive Summary
- Average Salary: $192,990 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $289,485.
- Outlook: The New York-Newark-Jersey City, NY-NJ metropolitan area presents a strong job market for Management Occupations, evidenced by a substantial local workforce of 680,110 individuals. With a Location Quotient of 1.02, management roles are slightly more concentrated here than the national average, indicating a healthy and stable demand for these positions within the region's extensive economic ecosystem.
Salary Overview
The average Management Occupations in New York-Newark-Jersey City, NY-NJ earns+34.1%above the national average.
$92.8
$3,711
$16,083
Management Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Management Occupations in a dynamic economic center like New York-Newark-Jersey City have experienced consistent growth over the past four years. Factors such as inflation, increasing demand for experienced managers, and the overall economic expansion of the region likely contribute to a positive salary trend, offering promising career trajectory.
Management Occupations Salary Distribution in New York-Newark-Jersey City, NY-NJ
Compensation for Management Occupations typically scales significantly with experience. Entry-level management roles will naturally command lower salaries, while senior and executive positions, requiring extensive experience and proven leadership, can reach substantially higher earnings. The percentile gaps in salary data, from the 25th to the 75th percentile and beyond, clearly signify the substantial career progression and earning potential available as professionals advance in their management careers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $79,140 | $38 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $144,743 | $69.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $167,610 | $80.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $241,238 | $116 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $289,485 | $139.2 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$192,990
Gross Pay
Real Wage (Purchasing Power)
$192,990
Adjusted for COL (100)
The average annual salary of $192,990 in the New York-Newark-Jersey City, NY-NJ area aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is high, the purchasing power of this income is comparable to the national average, suggesting that the higher earnings are balanced by the cost of living in this major metropolitan area.
Job Market Context
680,110
Total Jobs
72.638
Per 1K Jobs
1.02
Location Quotient
With a location quotient of 1.02, New York-Newark-Jersey City, NY-NJ has a slightly higher-than-average concentration of Management Occupations roles compared to the national norm.
With a Location Quotient of 1.02, the New York-Newark-Jersey City, NY-NJ metropolitan area demonstrates a slightly higher concentration of Management Occupations compared to the national average. This suggests a competitive yet abundant job market, where opportunities are readily available, but employers are also seeking highly qualified candidates to fill these crucial leadership roles within the region's diverse industries.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Kiryas Joel-Poughkeepsie-Newburgh, NY Management Occupations Salary | $133,730↓ 31% | 44 mi |
| Trenton-Princeton, NJ Management Occupations Salary | $177,720↓ 8% | 52 mi |
| Bridgeport-Stamford-Danbury, CT Management Occupations Salary | $180,790↓ 6% | 54 mi |
| New Haven, CT Management Occupations Salary | $143,430↓ 26% | 70 mi |
| Waterbury-Shelton, CT Management Occupations Salary | $141,270↓ 27% | 77 mi |
Comparing salaries near New York-Newark-Jersey City, NY-NJ
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in New York-Newark-Jersey City, NY-NJ?
The median annual salary for a Management Occupations in New York-Newark-Jersey City, NY-NJ is $192,990. This typically ranges from $79,140 for entry-level positions to $289,485 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 34.1% higher than the national median of $143,930.
Is New York-Newark-Jersey City, NY-NJ a lucrative place for Management Occupationss?
Yes, it is a highly lucrative area for Management Occupations.The average salary of $192,990 significantly exceeds the national average, and the slightly above-average concentration of these roles indicates strong demand and competitive compensation.
Is New York-Newark-Jersey City, NY-NJ a good place to live for Management Occupations?
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 ($133,730) and Trenton-Princeton, NJ.
How does the New York-Newark-Jersey City, NY-NJ salary compare to the national average for Management Occupations?
The average annual salary of $192,990 in New York-Newark-Jersey City, NY-NJ is substantially higher than the national average of $143,930, indicating a significant premium for management roles in this region.
What is the job concentration for Management Occupations in this area?
The Location Quotient of 1.02 suggests that Management Occupations are slightly more concentrated in the New York-Newark-Jersey City, NY-NJ area compared to the national average, implying a robust job market for these professionals.
How does the Cost of Living affect the salary in New York-Newark-Jersey City, NY-NJ?
With a Cost of Living Index of 100, the local expenses are on par with the national average. Therefore, the higher nominal salary of $192,990 offers purchasing power equivalent to the national average, despite the high earnings.
What does the total local workforce size indicate for Management Occupations?
A total local workforce of 680,110 signifies a large and diverse labor market, providing a substantial pool of potential employers and opportunities for Management Occupations professionals within the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 680,110 employees in the New York-Newark-Jersey City, NY-NJ area with a job density of 72.638 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 York-Newark-Jersey City, NY-NJ