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Average Residential Advisors Salary in New York

Residential Advisors in New York earn an average annual salary of $45,890, surpassing the national average of $41,320. This higher compensation reflects the unique economic landscape and demand drivers specific to the state, which often necessitate a premium for essential roles.

Executive Summary

  • Average Salary: $45,890 per year.
  • Growth Trend: Salaries have shifted 16.8% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $59,680.
  • Outlook: With a local workforce of 4,930 Residential Advisors and a Location Quotient of 0.96, the job market in New York indicates a stable demand for these professionals, closely mirroring national employment concentrations. The presence of 0.517 jobs per 1,000 workers suggests a consistent need for these roles within the state's infrastructure.
2024 Market Data

Salary Overview

$45,890

The average Residential Advisors in New York earns+11.1%above the national average.

BreakdownBased on 40h/week
Hourly

$22.1

Weekly

$883

Monthly

$3,824

Residential Advisors Salary Distribution in New York

Salary progression for Residential Advisors in New York typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries, often reflected in the upper percentiles of the pay distribution.

Experience LevelMarket PercentileAnnual WageHourly Rate
Entry LevelStarting career. Focus on acquiring core skills.10% (Entry)$34,740$16.7
ExperiencedProficient professional working independently.25% (Junior)$34,418$16.5
Mid-LevelEstablished expert. Standard market value.50% (Median)$44,420$21.4
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$57,363$27.6
Top TierIndustry leader / Executive level compensation.90% (Expert)$59,680$28.7

Detailed Residential Advisors Market Analysis

Relocation Context

Nominal Salary

$45,890

Gross Pay

Real Wage (Purchasing Power)

$36,683

Adjusted for COL (125.1)

The nominal salary of $45,890 in New York must be considered within the context of its Cost of Living Index of 125.1. This means that while the gross income is higher than the national average, the purchasing power of that salary is reduced due to the elevated cost of goods and services in the state.

Job Market Context

4,930

Total Jobs

0.517

Per 1K Jobs

0.96

Location Quotient

Below Average

New York has 0.96x the national average concentration of Residential Advisors 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 0.96 suggests that the concentration of Residential Advisors in New York is nearly on par with the national average. This indicates a competitive yet balanced job market, where opportunities are readily available but not necessarily in oversupply compared to other regions.

Nearby Job Markets

Nearby Cities for Residential Advisors

CitySalaryDist.
Binghamton, NY Residential Advisors Salary$44,210↓ 4%49 mi
Kingston, NY Residential Advisors Salary$41,700↓ 9%51 mi
Scranton--Wilkes-Barre, PA Residential Advisors Salary$38,440↓ 16%64 mi
Utica-Rome, NY Residential Advisors Salary$45,310↓ 1%66 mi
Albany-Schenectady-Troy, NY Residential Advisors Salary$44,250↓ 4%68 mi

Comparing salaries near New York

Hiring Residential Advisorss?

Frequently Asked Questions

How much does a Residential Advisors make in New York?

The median annual salary for a Residential Advisors in New York is $45,890. This typically ranges from $34,740 for entry-level positions to $59,680 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in New York is 11.1% higher than the national median of $41,320.

Is New York a lucrative place for Residential Advisorss?

Yes, with caveats.While the average salary of $45,890 is higher than the national average, the significantly elevated cost of living in New York means that the real disposable income may not be as substantial as the nominal figures suggest.

Is New York a good place to live for Residential Advisors?

The Cost of Living Index in New York is 125.1. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near New York?

Some top paying nearby cities include Binghamton, NY ($44,210) and Kingston, NY.

How does New York's Residential Advisor salary compare to the national average?

Residential Advisors in New York earn an average of $45,890 annually, which is approximately $4,570 more than the national average of $41,320.

What is the Cost of Living Index in New York for Residential Advisors?

The Cost of Living Index in New York is 125.1, meaning it is 25.1% more expensive to live there compared to the national average.

How many Residential Advisors are there in New York?

New York employs approximately 4,930 Residential Advisors, representing 0.517 jobs per 1,000 workers in the state.

Is the job market for Residential Advisors saturated in New York?

With a Location Quotient of 0.96, the job market for Residential Advisors in New York is very close to the national average concentration, suggesting a balanced market with consistent demand.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,930 employees in the New York area with a job density of 0.517 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Residential Advisors • Data source: BLS OEWS 2024 •Jobs in New York