Average New Accounts Clerks Salary in Syracuse, NY
New Accounts Clerks in Syracuse, NY, earn an average annual salary of $45,130. This figure is slightly below the national average of $47,610, indicating localized market dynamics at play. Factors such as the regional demand for these administrative roles and the overall economic landscape of Syracuse contribute to this specific compensation level.
Executive Summary
- Average Salary: $45,130 per year.
- Growth Trend: Salaries have shifted 7.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $56,620.
- Outlook: The job market for New Accounts Clerks in Syracuse, NY, appears robust, with a total local workforce of 260 individuals in this role. The Location Quotient of 3.56 significantly surpasses the national average, suggesting a higher concentration of these positions in Syracuse relative to the rest of the country. This elevated concentration points to a strong, localized demand for New Accounts Clerks.
Salary Overview
The average New Accounts Clerks in Syracuse, NY earns-5.2%below the national average.
$21.7
$868
$3,761
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 Syracuse, NY, have experienced growth over the past four years, mirroring general economic trends and inflation. As the cost of living and the demand for administrative support services evolve, compensation packages typically adjust upwards to remain competitive and reflect the increasing value of these roles.
New Accounts Clerks Salary Distribution in Syracuse, NY
The career trajectory for a New Accounts Clerk typically involves salary increases with accumulated experience. Entry-level positions will naturally command lower salaries, while senior clerks with extensive knowledge of financial procedures and client relations can expect significantly higher compensation. The percentile gaps in salary distribution, though not detailed here, would reflect this progression from junior to more experienced and specialized roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,650 | $18.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $33,848 | $16.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $44,350 | $21.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $56,413 | $27.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $56,620 | $27.2 |
Detailed New Accounts Clerks Market Analysis
Relocation Context
Nominal Salary
$45,130
Gross Pay
Real Wage (Purchasing Power)
$45,130
Adjusted for COL (100)
For individuals considering a move to Syracuse, NY, the average New Accounts Clerk salary of $45,130 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of the salary in Syracuse is equivalent to the national average, suggesting that the nominal income will cover expenses at a comparable rate to the rest of the United States.
Job Market Context
260
Total Jobs
0.877
Per 1K Jobs
3.56
Location Quotient
Syracuse, NY has 3.6x 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.
Syracuse, NY, exhibits a notably high concentration of New Accounts Clerks, as evidenced by a Location Quotient of 3.56. This figure, substantially above the national benchmark of 1.0, indicates that these roles are disproportionately prevalent in the Syracuse area compared to the national labor market. Such a high quotient suggests a specialized demand or a cluster of industries within Syracuse that heavily rely on this specific administrative function.
Nearby Job Markets
Nearby Cities for New Accounts Clerks
| City | Salary | Dist. |
|---|---|---|
| Ithaca, NY New Accounts Clerks Salary | $48,550↑ 8% | 45 mi |
| Utica-Rome, NY New Accounts Clerks Salary | $46,670↑ 3% | 46 mi |
| Binghamton, NY New Accounts Clerks Salary | $45,140↑ 0% | 66 mi |
| Elmira, NY New Accounts Clerks Salary | $48,460↑ 7% | 74 mi |
Comparing salaries near Syracuse, NY
Hiring New Accounts Clerkss?
Frequently Asked Questions
How much does a New Accounts Clerks make in Syracuse, NY?
The median annual salary for a New Accounts Clerks in Syracuse, NY is $45,130. This typically ranges from $37,650 for entry-level positions to $56,620 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Syracuse, NY is 5.2% lower than the national median of $47,610.
Is Syracuse, NY a lucrative place for New Accounts Clerks?
No, not significantly more lucrative than the national average.While the average salary of $45,130 is competitive locally, it falls slightly below the national average of $47,610. However, the cost of living is exactly at the national average, making the purchasing power comparable.
Is Syracuse, NY a good place to live for New Accounts Clerks?
The Cost of Living Index in Syracuse, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Syracuse, NY?
Some top paying nearby cities include Ithaca, NY ($48,550) and Utica-Rome, NY.
How does the Syracuse New Accounts Clerk salary compare to the national average?
The average annual salary for New Accounts Clerks in Syracuse, NY, is $45,130, which is approximately $2,480 less than the national average of $47,610.
What does the Location Quotient of 3.56 mean for New Accounts Clerks in Syracuse?
A Location Quotient of 3.56 indicates that New Accounts Clerk positions are 3.56 times more concentrated in Syracuse, NY, than the national average, suggesting a strong local demand for this profession.
How does the cost of living in Syracuse affect the New Accounts Clerk salary?
With a Cost of Living Index of 100, Syracuse's cost of living is exactly at the national average. Therefore, the $45,130 salary in Syracuse offers purchasing power equivalent to the national average salary across the US.
What is the total number of New Accounts Clerks in Syracuse, NY?
There are approximately 260 New Accounts Clerks employed in the Syracuse, NY area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the Syracuse, NY area with a job density of 0.877 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 Syracuse, NY