Average Precision Instrument and Equipment Repairers, All Other Salary in New Jersey
Precision Instrument and Equipment Repairers, All Other professionals in New Jersey are earning an impressive average annual salary of $76,750. This figure significantly surpasses the national average of $69,350, indicating a strong demand and potentially higher value placed on these specialized skills within the state. Factors such as New Jersey's robust industrial base and concentration of advanced manufacturing likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $76,750 per year.
- Growth Trend: Salaries have shifted 22.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $110,170.
- Outlook: The job market for Precision Instrument and Equipment Repairers, All Other in New Jersey appears robust, supported by a local workforce of 460 individuals. The location quotient of 1.74 suggests a concentration of these roles that is 74% higher than the national average, signaling a healthy demand and a potentially stable or growing employment landscape for these skilled technicians.
Salary Overview
The average Precision Instrument and Equipment Repairers, All Other in New Jersey earns+10.7%above the national average.
$36.9
$1,476
$6,396
Precision Instrument and Equipment Repairers, All Other Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Precision Instrument and Equipment Repairers, All Other in New Jersey have experienced consistent growth over the past four years. This trend would align with broader economic patterns and the increasing reliance on sophisticated instrumentation across various industries, driving up the value of skilled repair and maintenance professionals.
Precision Instrument and Equipment Repairers, All Other Salary Distribution in New Jersey
Career progression for Precision Instrument and Equipment Repairers, All Other typically involves a significant salary increase with experience. Entry-level positions may start at a lower percentile, but as technicians gain expertise, hone their diagnostic skills, and tackle more complex equipment, their earning potential escalates considerably. The gap between entry-level and senior-level salaries reflects this valuable accumulation of specialized knowledge and hands-on proficiency.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $43,560 | $20.9 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $57,563 | $27.7 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $75,500 | $36.3 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $95,938 | $46.1 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $110,170 | $53 |
Detailed Precision Instrument and Equipment Repairers, All Other Market Analysis
Relocation Context
Nominal Salary
$76,750
Gross Pay
Real Wage (Purchasing Power)
$68,283
Adjusted for COL (112.4)
While the average annual salary of $76,750 in New Jersey is notably higher than the national average, the local cost of living index of 112.4 means that expenses are approximately 12.4% above the national average. Therefore, while the nominal salary is attractive, the actual purchasing power needs to be considered in relation to the higher cost of goods and services in the state.
Job Market Context
460
Total Jobs
0.109
Per 1K Jobs
1.74
Location Quotient
New Jersey has 1.7x the national concentration of Precision Instrument and Equipment Repairers, All Other jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
New Jersey's location quotient of 1.74 for Precision Instrument and Equipment Repairers, All Other indicates a market that is significantly more concentrated than the national average. This suggests a higher density of these jobs relative to the overall workforce, implying a strong demand and a specialized ecosystem for these repair services within the state, potentially making it a competitive but rewarding market for skilled professionals.
Nearby Job Markets
Nearby Cities for Precision Instrument and Equipment Repairers, All Other
Comparing salaries near New Jersey
Hiring Precision Instrument and Equipment Repairers, All Others?
Frequently Asked Questions
How much does a Precision Instrument and Equipment Repairers, All Other make in New Jersey?
The median annual salary for a Precision Instrument and Equipment Repairers, All Other in New Jersey is $76,750. This typically ranges from $43,560 for entry-level positions to $110,170 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New Jersey is 10.7% higher than the national median of $69,350.
Is New Jersey a lucrative place for Precision Instrument and Equipment Repairers, All Others?
Yes, New Jersey offers a lucrative environment for Precision Instrument and Equipment Repairers, All Others.The average salary of $76,750 is substantially higher than the national average, and the strong location quotient indicates a concentrated demand for these specialized skills within the state.
Is New Jersey a good place to live for Precision Instrument and Equipment Repairers, All Others?
The Cost of Living Index in New Jersey is 112.4. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New Jersey?
Some top paying nearby cities include Trenton-Princeton, NJ ($57,700) and New York-Newark-Jersey City, NY-NJ.
How does New Jersey's job market compare to the national average for this role?
New Jersey's job market for Precision Instrument and Equipment Repairers, All Other is more concentrated than the national average, with a location quotient of 1.74, suggesting a higher demand relative to the general workforce.
What is the average salary for this role in New Jersey?
The average annual salary for Precision Instrument and Equipment Repairers, All Other in New Jersey is $76,750.
Does the cost of living in New Jersey affect the value of the salary?
Yes, the cost of living in New Jersey is 12.4% higher than the national average, meaning that while the salary is higher, the purchasing power is slightly reduced compared to lower-cost areas.
How many Precision Instrument and Equipment Repairers work in New Jersey?
There are approximately 460 Precision Instrument and Equipment Repairers, All Other employed in New Jersey.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 460 employees in the New Jersey area with a job density of 0.109 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Precision Instrument and Equipment Repairers, All Other • Data source: BLS OEWS 2024 •Jobs in New Jersey