Average New Accounts Clerks Salary in Buffalo-Cheektowaga, NY
New Accounts Clerks in Buffalo-Cheektowaga, NY, earn an average annual salary of $47,770. This figure is slightly above the national average of $47,610, indicating a stable demand for these roles within the region. The local economic landscape and specific industry needs in Buffalo-Cheektowaga contribute to this competitive compensation.
Executive Summary
- Average Salary: $47,770 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $57,870.
- Outlook: The Buffalo-Cheektowaga, NY, job market for New Accounts Clerks shows a notable concentration, with a Location Quotient of 2.06, more than double the national average. This suggests a significantly higher prevalence of these roles locally compared to other occupations nationwide. With 0.509 jobs per 1,000 workers and a total local workforce of 270 in this specific role, the demand appears robust and well-established within the area.
Salary Overview
The average New Accounts Clerks in Buffalo-Cheektowaga, NY earns+0.3%above the national average.
$23
$919
$3,981
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 Buffalo-Cheektowaga, NY, have experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, increasing demand for financial administrative support, and evolving skill requirements likely contribute to incremental salary increases, ensuring compensation remains competitive within the local market.
New Accounts Clerks Salary Distribution in Buffalo-Cheektowaga, NY
The career trajectory for a New Accounts Clerk typically involves significant salary growth with experience. Entry-level positions might start at the lower end of the pay scale, while seasoned professionals with specialized skills and a proven track record can command salaries considerably higher than the average. The percentile gaps in salary distribution highlight clear opportunities for career progression and increased earning potential as clerks advance in their roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,150 | $20.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $35,828 | $17.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $45,480 | $21.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $59,713 | $28.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $57,870 | $27.8 |
Detailed New Accounts Clerks Market Analysis
Relocation Context
Nominal Salary
$47,770
Gross Pay
Real Wage (Purchasing Power)
$47,770
Adjusted for COL (100)
The nominal average salary of $47,770 for New Accounts Clerks in Buffalo-Cheektowaga, NY, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of this salary is equivalent to the national average, offering a balanced financial standing for residents without significant adjustments needed for daily expenses compared to the rest of the country.
Job Market Context
270
Total Jobs
0.509
Per 1K Jobs
2.06
Location Quotient
Buffalo-Cheektowaga, NY has 2.1x 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.
A Location Quotient of 2.06 for New Accounts Clerks in Buffalo-Cheektowaga, NY, signifies a highly concentrated job market for this profession. This indicates that the area has a disproportionately larger number of New Accounts Clerk positions relative to the national average, suggesting strong local demand and potentially fewer candidates per opening compared to less concentrated areas. This concentration points to a competitive but potentially rewarding environment for those in this field.
Nearby Job Markets
Nearby Cities for New Accounts Clerks
| City | Salary | Dist. |
|---|---|---|
| Rochester, NY New Accounts Clerks Salary | $49,620↑ 4% | 65 mi |
Comparing salaries near Buffalo-Cheektowaga, NY
Hiring New Accounts Clerkss?
Frequently Asked Questions
How much does a New Accounts Clerks make in Buffalo-Cheektowaga, NY?
The median annual salary for a New Accounts Clerks in Buffalo-Cheektowaga, NY is $47,770. This typically ranges from $43,150 for entry-level positions to $57,870 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Buffalo-Cheektowaga, NY is 0.3% higher than the national median of $47,610.
Is Buffalo-Cheektowaga, NY a lucrative place for New Accounts Clerks?
Yes, it offers competitive compensation relative to the cost of living.The average salary of $47,770 is slightly above the national average, and with a Cost of Living Index of 100, your earnings hold strong purchasing power locally.
Is Buffalo-Cheektowaga, NY a good place to live for New Accounts Clerks?
The Cost of Living Index in Buffalo-Cheektowaga, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Buffalo-Cheektowaga, NY?
Some top paying nearby cities include Rochester, NY ($49,620) and others.
How does the Buffalo-Cheektowaga, NY salary compare to the national average?
The average salary for New Accounts Clerks in Buffalo-Cheektowaga, NY, is $47,770, which is slightly higher than the national average of $47,610.
What does the Location Quotient of 2.06 mean for New Accounts Clerks in Buffalo?
A Location Quotient of 2.06 indicates that New Accounts Clerk jobs are more than twice as common in Buffalo-Cheektowaga, NY, compared to the national average, suggesting a strong local demand for this role.
How does the cost of living in Buffalo-Cheektowaga, NY affect the salary?
With a Cost of Living Index of 100, Buffalo-Cheektowaga, NY, is at the national average. This means the $47,770 salary offers purchasing power equivalent to the national average.
Is the job market for New Accounts Clerks strong in Buffalo-Cheektowaga, NY?
Yes, the market appears strong, evidenced by the high Location Quotient of 2.06 and a significant number of jobs per 1,000 workers (0.509), indicating a concentrated and active demand for these professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 270 employees in the Buffalo-Cheektowaga, NY area with a job density of 0.509 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 Buffalo-Cheektowaga, NY