Precision Instrument and Equipment Repairers, All Other in the New York-Newark-Jersey City, NY-NJ area earn an average annual salary of $72,660. This figure slightly surpasses the national average of $69,350, indicating a potentially favorable compensation landscape in this major metropolitan region. The higher pay in this locale can often be attributed to the increased operational costs and the concentration of specialized industries requiring these skilled professionals.
Executive Summary
- Average Salary: $72,660 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $110,170.
- Outlook: With a local workforce of 460 individuals in this specialized role, the New York-Newark-Jersey City, NY-NJ area demonstrates a notable presence. The Location Quotient of 0.79 suggests that while the concentration is slightly below the national average, the absolute number of professionals indicates a consistent demand for their expertise within the region's diverse economic sectors.
Salary Overview
The average Precision Instrument and Equipment Repairers, All Other in New York-Newark-Jersey City, NY-NJ earns+4.8%above the national average.
$34.9
$1,397
$6,055
Precision Instrument and Equipment Repairers, All Other Salary Trends (2020-2024)
While specific historical data for this niche role isn't provided, it's reasonable to assume that salaries for Precision Instrument and Equipment Repairers, All Other in the New York-Newark-Jersey City, NY-NJ area have experienced growth over the past four years. Economic factors, inflation, and increasing demand for specialized technical skills typically drive upward salary trends in robust metropolitan job markets.
Precision Instrument and Equipment Repairers, All Other Salary Distribution in New York-Newark-Jersey City, NY-NJ
Salary progression for Precision Instrument and Equipment Repairers, All Other typically scales with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive expertise and specialized certifications can command salaries in the higher percentiles. The significant gaps between these percentiles underscore the substantial career growth and earning potential available to those who advance in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $49,990 | $24 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $54,495 | $26.2 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $70,740 | $34 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $90,825 | $43.7 |
| 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
$72,660
Gross Pay
Real Wage (Purchasing Power)
$72,660
Adjusted for COL (100)
The average annual salary of $72,660 in the New York-Newark-Jersey City, NY-NJ area aligns precisely with the national average Cost of Living Index of 100. This means that the nominal salary offers purchasing power equivalent to the national average, suggesting that while the cost of living is not higher than the national benchmark, the compensation is competitive within this context.
Job Market Context
460
Total Jobs
0.05
Per 1K Jobs
0.79
Location Quotient
New York-Newark-Jersey City, NY-NJ has 0.79x the national average concentration of Precision Instrument and Equipment Repairers, All Other jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.79 for Precision Instrument and Equipment Repairers, All Other in New York-Newark-Jersey City, NY-NJ indicates that this profession is slightly less concentrated than the national average. This suggests that while the market is not oversaturated, there is a steady, albeit not exceptionally high, demand for these specialized skills within the region's industrial and technological landscape.
Nearby Job Markets
Nearby Cities for Precision Instrument and Equipment Repairers, All Other
| City | Salary | Dist. |
|---|---|---|
| Trenton-Princeton, NJ Precision Instrument and Equipment Repairers, All Other Salary | $57,700↓ 21% | 52 mi |
Comparing salaries near New York-Newark-Jersey City, NY-NJ
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 York-Newark-Jersey City, NY-NJ?
The median annual salary for a Precision Instrument and Equipment Repairers, All Other in New York-Newark-Jersey City, NY-NJ is $72,660. This typically ranges from $49,990 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 York-Newark-Jersey City, NY-NJ is 4.8% higher than the national median of $69,350.
Is New York-Newark-Jersey City, NY-NJ a lucrative place for Precision Instrument and Equipment Repairers, All Others?
Yes, it offers competitive compensation.The average salary of $72,660 slightly exceeds the national average, and the cost of living is on par with the national index, making it a financially sound location for this profession.
Is New York-Newark-Jersey City, NY-NJ a good place to live for Precision Instrument and Equipment Repairers, All Others?
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 Trenton-Princeton, NJ ($57,700) and others.
How does the local salary compare to the national average?
The average salary for Precision Instrument and Equipment Repairers, All Other in New York-Newark-Jersey City, NY-NJ is $72,660, which is slightly higher than the national average of $69,350.
What is the cost of living in New York-Newark-Jersey City, NY-NJ compared to the national average?
The Cost of Living Index for this region is 100, which is exactly the national average, meaning the cost of goods and services is comparable nationwide.
How many Precision Instrument and Equipment Repairers, All Other work in this area?
There are approximately 460 Precision Instrument and Equipment Repairers, All Other employed within the New York-Newark-Jersey City, NY-NJ metropolitan area.
Is there high demand for this role in New York-Newark-Jersey City, NY-NJ?
With a Location Quotient of 0.79, the concentration of these roles is slightly below the national average, suggesting a stable but not exceptionally high demand.
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 York-Newark-Jersey City, NY-NJ area with a job density of 0.05 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 York-Newark-Jersey City, NY-NJ