Average Medical and Health Services Managers Salary in Trenton-Princeton, NJ
Medical and Health Services Managers in the Trenton-Princeton, NJ area command an impressive average annual salary of $173,860. This figure significantly surpasses the national average of $137,170, indicating a strong demand and potentially higher operational complexities or specialized needs within the region's healthcare sector that justify this elevated compensation.
Executive Summary
- Average Salary: $173,860 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $260,790.
- Outlook: The local workforce for Medical and Health Services Managers in Trenton-Princeton stands at 890 professionals. With a Location Quotient of 1.02, the concentration of these roles is slightly above the national average, suggesting a stable and robust job market that supports a consistent demand for skilled healthcare administrators.
Salary Overview
The average Medical and Health Services Managers in Trenton-Princeton, NJ earns+26.7%above the national average.
$83.6
$3,343
$14,488
Medical and Health Services Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Medical and Health Services Managers in Trenton-Princeton have experienced steady growth over the past four years, mirroring national trends of increasing healthcare expenditure and the growing complexity of healthcare management.
Medical and Health Services Managers Salary Distribution in Trenton-Princeton, NJ
Career progression for Medical and Health Services Managers typically involves a significant salary increase with experience. Entry-level positions may start at a lower percentile, but as professionals gain expertise and take on greater responsibilities, their earnings can ascend to the higher percentiles, reflecting their accumulated knowledge and leadership capabilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $97,550 | $46.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $130,395 | $62.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $129,620 | $62.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $217,325 | $104.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $260,790 | $125.4 |
Detailed Medical and Health Services Managers Market Analysis
Relocation Context
Nominal Salary
$173,860
Gross Pay
Real Wage (Purchasing Power)
$173,860
Adjusted for COL (100)
The average annual salary of $173,860 in Trenton-Princeton, NJ, is particularly attractive given the local Cost of Living Index is precisely at the national average of 100. This means that the higher nominal salary directly translates to strong purchasing power, allowing professionals to maintain or improve their standard of living compared to the national benchmark.
Job Market Context
890
Total Jobs
3.737
Per 1K Jobs
1.02
Location Quotient
With a location quotient of 1.02, Trenton-Princeton, NJ has a slightly higher-than-average concentration of Medical and Health Services Managers roles compared to the national norm.
A Location Quotient of 1.02 indicates that Medical and Health Services Managers are slightly more concentrated in Trenton-Princeton than the national average. This suggests a healthy, competitive market where demand is consistent with supply, offering good opportunities for both established professionals and those seeking to enter the field.
Nearby Job Markets
Nearby Cities for Medical and Health Services Managers
| City | Salary | Dist. |
|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Medical and Health Services Managers Salary | $135,550↓ 22% | 28 mi |
| Allentown-Bethlehem-Easton, PA-NJ Medical and Health Services Managers Salary | $121,900↓ 30% | 45 mi |
| New York-Newark-Jersey City, NY-NJ Medical and Health Services Managers Salary | $183,580↑ 6% | 52 mi |
| Vineland, NJ Medical and Health Services Managers Salary | $131,720↓ 24% | 54 mi |
| Atlantic City-Hammonton, NJ Medical and Health Services Managers Salary | $137,460↓ 21% | 61 mi |
Comparing salaries near Trenton-Princeton, NJ
Hiring Medical and Health Services Managerss?
Frequently Asked Questions
How much does a Medical and Health Services Managers make in Trenton-Princeton, NJ?
The median annual salary for a Medical and Health Services Managers in Trenton-Princeton, NJ is $173,860. This typically ranges from $97,550 for entry-level positions to $260,790 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Trenton-Princeton, NJ is 26.7% higher than the national median of $137,170.
Is Trenton-Princeton, NJ a lucrative place for Medical and Health Services Managerss?
Yes, Trenton-Princeton, NJ is a lucrative location for Medical and Health Services Managers.The average salary of $173,860 is substantially higher than the national average, and the cost of living is on par with the national average, offering excellent earning potential and purchasing power.
Is Trenton-Princeton, NJ a good place to live for Medical and Health Services Managers?
The Cost of Living Index in Trenton-Princeton, NJ is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Trenton-Princeton, NJ?
Some top paying nearby cities include Philadelphia-Camden-Wilmington, PA-NJ-DE-MD ($135,550) and Allentown-Bethlehem-Easton, PA-NJ.
How does the local workforce size impact job opportunities?
A local workforce of 890 suggests a significant presence of these professionals, indicating a well-established healthcare infrastructure that likely provides a steady stream of job openings and career advancement opportunities.
What does a Location Quotient of 1.02 mean for job seekers?
A Location Quotient of 1.02 signifies a slightly higher concentration of Medical and Health Services Managers in Trenton-Princeton compared to the national average, implying a robust demand that may offer more specialized roles and competitive compensation.
How does the cost of living affect the value of the salary?
With a Cost of Living Index of 100, the national average, the $173,860 salary in Trenton-Princeton offers strong real value, meaning your earnings will go as far as they would in an average U.S. location, making it an attractive financial proposition.
Are there many jobs per 1,000 workers for this role in Trenton-Princeton?
With 3.737 jobs per 1,000 workers, there is a notable presence of Medical and Health Services Manager roles within the local economy, indicating consistent employment opportunities relative to the overall workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 890 employees in the Trenton-Princeton, NJ area with a job density of 3.737 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Medical and Health Services Managers Salaries by State
Top Jobs in Trenton-Princeton, NJ
- All Occupations Salary in Trenton-Princeton, NJ
- Office and Administrative Support Occupations Salary in Trenton-Princeton, NJ
- Business and Financial Operations Occupations Salary in Trenton-Princeton, NJ
- Management Occupations Salary in Trenton-Princeton, NJ
- Transportation and Material Moving Occupations Salary in Trenton-Princeton, NJ
- Educational Instruction and Library Occupations Salary in Trenton-Princeton, NJ
- Sales and Related Occupations Salary in Trenton-Princeton, NJ
- Food Preparation and Serving Related Occupations Salary in Trenton-Princeton, NJ
- Healthcare Practitioners and Technical Occupations Salary in Trenton-Princeton, NJ
- Computer and Mathematical Occupations Salary in Trenton-Princeton, NJ
- Browse All Jobs in Trenton-Princeton, NJ →
Semantic Salary Analysis for Medical and Health Services Managers • Data source: BLS OEWS 2024 •Jobs in Trenton-Princeton, NJ