Average New Accounts Clerks Salary in New York-Newark-Jersey City, NY-NJ
New Accounts Clerks in the New York-Newark-Jersey City, NY-NJ metropolitan area earn an average annual salary of $57,190. This figure significantly surpasses the national average of $47,610, indicating a premium for this role within this dynamic economic hub. The higher compensation is likely driven by the region's robust economic activity and demand for skilled administrative support.
Executive Summary
- Average Salary: $57,190 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $74,620.
- Outlook: The New York-Newark-Jersey City, NY-NJ area supports a local workforce of 2,310 New Accounts Clerks. With a Location Quotient of 1.0, the concentration of these roles aligns precisely with the national average, suggesting a stable and consistent demand. The presence of 0.247 jobs per 1,000 workers further underscores the steady employment opportunities available for professionals in this field within the region.
Salary Overview
The average New Accounts Clerks in New York-Newark-Jersey City, NY-NJ earns+20.1%above the national average.
$27.5
$1,100
$4,766
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 the New York-Newark-Jersey City, NY-NJ area have experienced growth over the past four years. Economic expansion, inflation, and evolving skill requirements typically contribute to upward salary trends for administrative positions in major metropolitan areas, reflecting increased demand and the rising cost of living.
New Accounts Clerks Salary Distribution in New York-Newark-Jersey City, NY-NJ
Salary progression for New Accounts Clerks typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with several years of experience and specialized skills can command significantly higher salaries, potentially reaching the upper percentiles. The widening gap between entry-level and senior roles reflects the value placed on expertise, efficiency, and a proven track record in managing client accounts.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,580 | $23.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $42,893 | $20.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $56,120 | $27 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $71,488 | $34.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $74,620 | $35.9 |
Detailed New Accounts Clerks Market Analysis
Relocation Context
Nominal Salary
$57,190
Gross Pay
Real Wage (Purchasing Power)
$57,190
Adjusted for COL (100)
The average annual salary of $57,190 for New Accounts Clerks in New York-Newark-Jersey City, NY-NJ aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is higher than the national average, the purchasing power of this income is comparable to the national standard, considering the local expenses.
Job Market Context
2,310
Total Jobs
0.247
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, New York-Newark-Jersey City, NY-NJ has a slightly higher-than-average concentration of New Accounts Clerks roles compared to the national norm.
A Location Quotient of 1.0 for New Accounts Clerks in the New York-Newark-Jersey City, NY-NJ area indicates that the concentration of these jobs is exactly at the national average. This suggests a balanced job market where demand and supply are in equilibrium, neither overly saturated nor experiencing a significant shortage. Professionals can expect a competitive but accessible market for their skills.
Nearby Job Markets
Nearby Cities for New Accounts Clerks
| City | Salary | Dist. |
|---|---|---|
| Kiryas Joel-Poughkeepsie-Newburgh, NY New Accounts Clerks Salary | $50,700↓ 11% | 44 mi |
| Waterbury-Shelton, CT New Accounts Clerks Salary | $62,040↑ 8% | 77 mi |
Comparing salaries near New York-Newark-Jersey City, NY-NJ
Hiring New Accounts Clerkss?
Frequently Asked Questions
How much does a New Accounts Clerks make in New York-Newark-Jersey City, NY-NJ?
The median annual salary for a New Accounts Clerks in New York-Newark-Jersey City, NY-NJ is $57,190. This typically ranges from $48,580 for entry-level positions to $74,620 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 20.1% higher than the national median of $47,610.
Is New York-Newark-Jersey City, NY-NJ a lucrative place for New Accounts Clerks?
Yes, it offers competitive compensation.New Accounts Clerks in this region earn $57,190 annually, exceeding the national average. While the cost of living matches the national average, the higher salary provides a strong financial standing.
Is New York-Newark-Jersey City, NY-NJ a good place to live for New Accounts Clerks?
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 ($50,700) and Waterbury-Shelton, CT.
How does the New York-Newark-Jersey City, NY-NJ salary compare to the national average?
The average annual salary for New Accounts Clerks in New York-Newark-Jersey City, NY-NJ is $57,190, which is notably higher than the national average of $47,610.
What is the total number of New Accounts Clerks in the New York-Newark-Jersey City, NY-NJ area?
There are approximately 2,310 New Accounts Clerks employed within the New York-Newark-Jersey City, NY-NJ metropolitan area.
Does the cost of living affect the New Accounts Clerk salary in this region?
The Cost of Living Index in New York-Newark-Jersey City, NY-NJ is 100, which is the national average. Therefore, the higher nominal salary of $57,190 provides purchasing power equivalent to the national average.
How concentrated are New Accounts Clerk jobs in this region compared to the rest of the country?
The Location Quotient for New Accounts Clerks in New York-Newark-Jersey City, NY-NJ is 1.0, indicating that the concentration of these jobs is exactly at the national average level.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,310 employees in the New York-Newark-Jersey City, NY-NJ area with a job density of 0.247 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 New York-Newark-Jersey City, NY-NJ