Average New Accounts Clerks Salary in Albany-Schenectady-Troy, NY
New Accounts Clerks in the Albany-Schenectady-Troy, NY area earn an average annual salary of $48,970. This figure is slightly above the national average of $47,610, suggesting that local economic factors and demand contribute to a more favorable compensation landscape for this role within the region.
Executive Summary
- Average Salary: $48,970 per year.
- Growth Trend: Salaries have shifted 8.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $59,220.
- Outlook: With a total local workforce of 280 New Accounts Clerks and a Location Quotient of 2.59, the Albany-Schenectady-Troy area demonstrates a significant concentration of these professionals compared to the national average. This indicates a robust and potentially growing demand for New Accounts Clerks, suggesting a stable job market for individuals in this field within the region.
Salary Overview
The average New Accounts Clerks in Albany-Schenectady-Troy, NY earns+2.9%above the national average.
$23.5
$942
$4,081
New Accounts Clerks Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for New Accounts Clerks in Albany-Schenectady-Troy have experienced steady growth over the past four years, mirroring general economic trends and inflation. This upward trajectory is likely driven by increasing operational needs of businesses and a sustained demand for skilled administrative support.
New Accounts Clerks Salary Distribution in Albany-Schenectady-Troy, NY
Career progression for New Accounts Clerks typically involves a salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while senior clerks with extensive experience and specialized skills can command salaries significantly higher than the average. The percentile gaps in salary distribution reflect these opportunities for advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,630 | $19.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $36,728 | $17.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $47,710 | $22.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $61,213 | $29.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $59,220 | $28.5 |
Detailed New Accounts Clerks Market Analysis
Relocation Context
Nominal Salary
$48,970
Gross Pay
Real Wage (Purchasing Power)
$48,970
Adjusted for COL (100)
The average annual salary of $48,970 for New Accounts Clerks in Albany-Schenectady-Troy aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, making relocation financially neutral from a cost-of-living perspective.
Job Market Context
280
Total Jobs
0.638
Per 1K Jobs
2.59
Location Quotient
Albany-Schenectady-Troy, NY has 2.6x the national concentration of New Accounts Clerks 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 2.59 for New Accounts Clerks in Albany-Schenectady-Troy signifies a market where this profession is more than twice as concentrated as the national average. This suggests a highly competitive or, conversely, a very abundant job market, indicating that employers may have a strong pool of local talent to draw from, or that the demand for these roles is particularly high.
Nearby Job Markets
Nearby Cities for New Accounts Clerks
| City | Salary | Dist. |
|---|---|---|
| Glens Falls, NY New Accounts Clerks Salary | $47,880↓ 2% | 45 mi |
| Kingston, NY New Accounts Clerks Salary | $51,020↑ 4% | 52 mi |
| Southwest New York nonmetropolitan area New Accounts Clerks Salary | $45,760↓ 7% | 68 mi |
| Central East New York nonmetropolitan area New Accounts Clerks Salary | $49,350↑ 1% | 68 mi |
Comparing salaries near Albany-Schenectady-Troy, NY
Hiring New Accounts Clerkss?
Frequently Asked Questions
How much does a New Accounts Clerks make in Albany-Schenectady-Troy, NY?
The median annual salary for a New Accounts Clerks in Albany-Schenectady-Troy, NY is $48,970. This typically ranges from $39,630 for entry-level positions to $59,220 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany-Schenectady-Troy, NY is 2.9% higher than the national median of $47,610.
Is Albany-Schenectady-Troy, NY a lucrative place for New Accounts Clerks?
Yes, it offers competitive compensation.New Accounts Clerks in this region earn above the national average salary, and the cost of living is at the national average, providing good purchasing power.
Is Albany-Schenectady-Troy, NY a good place to live for New Accounts Clerks?
The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albany-Schenectady-Troy, NY?
Some top paying nearby cities include Glens Falls, NY ($47,880) and Kingston, NY.
How does the Albany-Schenectady-Troy salary compare to the national average?
The average annual salary for New Accounts Clerks in Albany-Schenectady-Troy is $48,970, which is higher than the national average of $47,610.
What is the significance of the Location Quotient (LQ) of 2.59?
An LQ of 2.59 indicates that New Accounts Clerks are more than 2.5 times more concentrated in the Albany-Schenectady-Troy area compared to the national average, suggesting a strong presence of this profession.
Does the cost of living affect the New Accounts Clerk salary in Albany-Schenectady-Troy?
The cost of living in Albany-Schenectady-Troy is exactly at the national average (100), meaning the $48,970 salary provides purchasing power equivalent to the national average.
How many New Accounts Clerks are there in the Albany-Schenectady-Troy area?
There are approximately 280 New Accounts Clerks employed within the Albany-Schenectady-Troy, NY 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 280 employees in the Albany-Schenectady-Troy, NY area with a job density of 0.638 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for New Accounts Clerks • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY