Average Property Appraisers and Assessors Salary in New York-Newark-Jersey City, NY-NJ
Property Appraisers and Assessors in the New York-Newark-Jersey City, NY-NJ metropolitan area earn an impressive average annual salary of $95,880. This figure significantly surpasses the national average of $81,850, indicating a premium for this role within this dynamic economic region. The higher compensation is likely driven by the complex real estate market and the higher demand for specialized valuation services in a major metropolitan hub.
Executive Summary
- Average Salary: $95,880 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $147,480.
- Outlook: The local job market for Property Appraisers and Assessors in New York-Newark-Jersey City, NY-NJ, while not as concentrated as the national average with a Location Quotient of 0.63, still supports a substantial workforce of 2,270 professionals. The presence of a significant number of jobs per 1,000 workers (0.242) suggests a steady demand for these services, indicating a stable, albeit not rapidly expanding, job market.
Salary Overview
The average Property Appraisers and Assessors in New York-Newark-Jersey City, NY-NJ earns+17.1%above the national average.
$46.1
$1,844
$7,990
Property Appraisers and Assessors Salary Trends (2020-2024)
While specific historical data for this exact role and region isn't provided, it's reasonable to assume that salaries for Property Appraisers and Assessors in major metropolitan areas like New York-Newark-Jersey City have seen consistent growth over the past four years. Factors such as inflation, increasing real estate values, and evolving appraisal methodologies typically contribute to upward salary trends in this profession.
Property Appraisers and Assessors Salary Distribution in New York-Newark-Jersey City, NY-NJ
Career progression for Property Appraisers and Assessors typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive experience and specialized certifications can command salaries in the upper percentiles. The gap between entry-level and senior roles signifies substantial earning potential and career advancement opportunities within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,130 | $24.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $71,910 | $34.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $81,790 | $39.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $119,850 | $57.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $147,480 | $70.9 |
Detailed Property Appraisers and Assessors Market Analysis
Relocation Context
Nominal Salary
$95,880
Gross Pay
Real Wage (Purchasing Power)
$95,880
Adjusted for COL (100)
The nominal average salary of $95,880 in the New York-Newark-Jersey City, NY-NJ area aligns perfectly with the national average Cost of Living Index of 100. This means that while the gross income is higher than the national average, the purchasing power of that salary is comparable to the national average, suggesting that the increased earnings are offset by the cost of living in this high-demand region.
Job Market Context
2,270
Total Jobs
0.242
Per 1K Jobs
0.63
Location Quotient
New York-Newark-Jersey City, NY-NJ has 0.63x the national average concentration of Property Appraisers and Assessors jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
With a Location Quotient of 0.63, the New York-Newark-Jersey City, NY-NJ metropolitan area has a lower concentration of Property Appraisers and Assessors compared to the national average. This suggests that while the market is substantial, it may not be oversaturated, potentially offering good opportunities for skilled professionals. It indicates a market that is less competitive in terms of the sheer number of appraisers relative to the general workforce, but still requires a solid understanding of local market dynamics.
Nearby Job Markets
Nearby Cities for Property Appraisers and Assessors
| City | Salary | Dist. |
|---|---|---|
| Kiryas Joel-Poughkeepsie-Newburgh, NY Property Appraisers and Assessors Salary | $81,970↓ 15% | 44 mi |
| Trenton-Princeton, NJ Property Appraisers and Assessors Salary | $102,690↑ 7% | 52 mi |
| Bridgeport-Stamford-Danbury, CT Property Appraisers and Assessors Salary | $108,120↑ 13% | 54 mi |
| New Haven, CT Property Appraisers and Assessors Salary | $87,800↓ 8% | 70 mi |
| Waterbury-Shelton, CT Property Appraisers and Assessors Salary | $83,890↓ 13% | 77 mi |
Comparing salaries near New York-Newark-Jersey City, NY-NJ
Hiring Property Appraisers and Assessorss?
Frequently Asked Questions
How much does a Property Appraisers and Assessors make in New York-Newark-Jersey City, NY-NJ?
The median annual salary for a Property Appraisers and Assessors in New York-Newark-Jersey City, NY-NJ is $95,880. This typically ranges from $50,130 for entry-level positions to $147,480 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 17.1% higher than the national median of $81,850.
Is New York-Newark-Jersey City, NY-NJ a lucrative place for Property Appraisers and Assessorss?
Yes, it offers above-average compensation.The average salary of $95,880 significantly exceeds the national average, and while the cost of living is average, the higher nominal wage provides a strong financial standing for professionals in this role.
Is New York-Newark-Jersey City, NY-NJ a good place to live for Property Appraisers and Assessors?
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 ($81,970) and Trenton-Princeton, NJ.
How does the local workforce size impact job prospects?
A local workforce of 2,270 indicates a significant presence of Property Appraisers and Assessors, suggesting a robust demand for their services within the metropolitan area.
What does a Location Quotient of 0.63 mean for appraisers?
A Location Quotient below 1.0, like 0.63, signifies that Property Appraisers and Assessors are less concentrated in this region compared to the national average, potentially indicating a less competitive market for skilled professionals.
How does the cost of living affect the $95,880 salary?
With a Cost of Living Index of 100, the average salary of $95,880 has purchasing power equivalent to the national average, meaning the higher salary is balanced by the typical expenses in the area.
Are there many job openings for Property Appraisers and Assessors in this area?
The rate of 0.242 jobs per 1,000 workers suggests a consistent, though not exceptionally high, level of job availability for Property Appraisers and Assessors in the New York-Newark-Jersey City, NY-NJ region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,270 employees in the New York-Newark-Jersey City, NY-NJ area with a job density of 0.242 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Property Appraisers and Assessors • Data source: BLS OEWS 2024 •Jobs in New York-Newark-Jersey City, NY-NJ