Average Residential Advisors Salary in New York-Newark-Jersey City, NY-NJ
Residential Advisors in the New York-Newark-Jersey City, NY-NJ metropolitan area earn an average annual salary of $47,530. This figure notably surpasses the national average of $41,320, indicating a premium for this role within this dynamic region. The higher compensation is likely driven by the area's robust economic activity and demand for specialized housing support services.
Executive Summary
- Average Salary: $47,530 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $63,000.
- Outlook: With a local workforce of 3,900 Residential Advisors, the New York-Newark-Jersey City area demonstrates a significant presence in this field. The Location Quotient of 0.78 suggests that while the concentration is slightly below the national average, the sheer volume of jobs indicates a stable and active market for these professionals.
Salary Overview
The average Residential Advisors in New York-Newark-Jersey City, NY-NJ earns+15.0%above the national average.
$22.9
$914
$3,961
Residential Advisors Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Residential Advisors in the New York-Newark-Jersey City area have experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, increased demand for housing services, and evolving responsibilities likely contribute to this upward salary trajectory.
Residential Advisors Salary Distribution in New York-Newark-Jersey City, NY-NJ
Salary progression for Residential Advisors typically correlates with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior or specialized roles command higher compensation. The percentile gaps in salary distribution signify clear career progression pathways, rewarding accumulated expertise and leadership capabilities within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $35,770 | $17.2 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $35,648 | $17.1 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $44,540 | $21.4 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $59,413 | $28.6 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $63,000 | $30.3 |
Detailed Residential Advisors Market Analysis
Relocation Context
Nominal Salary
$47,530
Gross Pay
Real Wage (Purchasing Power)
$47,530
Adjusted for COL (100)
The average annual salary of $47,530 in the New York-Newark-Jersey City area aligns perfectly with the national Cost of Living Index of 100. This means that while the nominal salary is higher than the national average, the purchasing power of this income is comparable to the national average, suggesting that the increased earnings are offset by the local cost of living.
Job Market Context
3,900
Total Jobs
0.416
Per 1K Jobs
0.78
Location Quotient
New York-Newark-Jersey City, NY-NJ has 0.78x 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 0.78 indicates that Residential Advisor jobs are slightly less concentrated in the New York-Newark-Jersey City area compared to the national average. This suggests a moderately competitive market where demand is present but not overwhelmingly high relative to the overall workforce, offering a balanced environment for job seekers.
Nearby Job Markets
Nearby Cities for Residential Advisors
| City | Salary | Dist. |
|---|---|---|
| Kiryas Joel-Poughkeepsie-Newburgh, NY Residential Advisors Salary | $42,800↓ 10% | 44 mi |
| Trenton-Princeton, NJ Residential Advisors Salary | $48,010↑ 1% | 52 mi |
| Bridgeport-Stamford-Danbury, CT Residential Advisors Salary | $44,340↓ 7% | 54 mi |
| New Haven, CT Residential Advisors Salary | $45,390↓ 5% | 70 mi |
| Waterbury-Shelton, CT Residential Advisors Salary | $43,770↓ 8% | 77 mi |
Comparing salaries near New York-Newark-Jersey City, NY-NJ
Hiring Residential Advisorss?
Frequently Asked Questions
How much does a Residential Advisors make in New York-Newark-Jersey City, NY-NJ?
The median annual salary for a Residential Advisors in New York-Newark-Jersey City, NY-NJ is $47,530. This typically ranges from $35,770 for entry-level positions to $63,000 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 15.0% higher than the national median of $41,320.
Is New York-Newark-Jersey City, NY-NJ a lucrative place for Residential Advisors?
Yes, moderately so.The average salary of $47,530 is higher than the national average, but the Cost of Living Index of 100 means purchasing power is similar. The slightly lower Location Quotient suggests a balanced job market.
Is New York-Newark-Jersey City, NY-NJ a good place to live for Residential Advisors?
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 ($42,800) and Trenton-Princeton, NJ.
How does the Residential Advisor salary compare to the national average?
Residential Advisors in the New York-Newark-Jersey City area earn an average of $47,530 annually, which is approximately $6,210 more than the national average of $41,320.
What is the concentration of Residential Advisors in this region?
The region has a Location Quotient of 0.78, indicating that the concentration of Residential Advisors is slightly below the national average.
How does the Cost of Living affect the salary?
With a Cost of Living Index of 100, the local salary of $47,530 has purchasing power equivalent to the national average, meaning the higher nominal wage is balanced by local expenses.
What is the total number of Residential Advisors in this area?
There are approximately 3,900 Residential Advisors employed within the New York-Newark-Jersey City, NY-NJ metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,900 employees in the New York-Newark-Jersey City, NY-NJ area with a job density of 0.416 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Residential Advisors • Data source: BLS OEWS 2024 •Jobs in New York-Newark-Jersey City, NY-NJ