Average Tax Preparers Salary in New York-Newark-Jersey City, NY-NJ
Tax Preparers in the New York-Newark-Jersey City, NY-NJ metropolitan area earn an impressive average annual salary of $74,640. This figure significantly surpasses the national average of $58,860, indicating a strong demand and higher compensation for tax professionals in this bustling economic hub. The elevated pay is likely driven by the region's complex tax landscape and the concentration of high-net-worth individuals and businesses requiring specialized financial expertise.
Executive Summary
- Average Salary: $74,640 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $109,210.
- Outlook: The job market for Tax Preparers in New York-Newark-Jersey City appears robust, with a local workforce of 6,870 individuals. The Location Quotient of 1.54 suggests that Tax Preparers are 54% more concentrated in this area than the national average, signaling a healthy demand for these services and a potentially stable job market for skilled professionals.
Salary Overview
The average Tax Preparers in New York-Newark-Jersey City, NY-NJ earns+26.8%above the national average.
$35.9
$1,435
$6,220
Tax Preparers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Tax Preparers in the New York-Newark-Jersey City area have experienced steady growth over the past four years, mirroring national trends. Factors such as increasing tax complexity, evolving regulations, and a consistent demand for accurate tax filing likely contribute to upward pressure on compensation for experienced professionals in this region.
Tax Preparers Salary Distribution in New York-Newark-Jersey City, NY-NJ
Salary progression for Tax Preparers in New York-Newark-Jersey City typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with extensive knowledge of tax law and client management can command significantly higher salaries. The percentile gaps in earnings clearly signify career progression, rewarding accumulated expertise and a proven track record in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,400 | $18.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $55,980 | $26.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $71,990 | $34.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $93,300 | $44.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $109,210 | $52.5 |
Detailed Tax Preparers Market Analysis
Relocation Context
Nominal Salary
$74,640
Gross Pay
Real Wage (Purchasing Power)
$74,640
Adjusted for COL (100)
The nominal average annual salary of $74,640 for Tax Preparers in New York-Newark-Jersey City aligns perfectly with the national Cost of Living Index of 100. This means that while the salary is substantially higher than the national average, the purchasing power of that salary is equivalent to the national average, as the cost of goods and services in the region is also at the national benchmark.
Job Market Context
6,870
Total Jobs
0.734
Per 1K Jobs
1.54
Location Quotient
New York-Newark-Jersey City, NY-NJ has 1.5x the national concentration of Tax Preparers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 1.54, the New York-Newark-Jersey City area exhibits a higher concentration of Tax Preparers compared to the national average. This indicates a competitive market where demand for skilled professionals is strong, but also suggests that the talent pool is more readily available. Professionals in this region benefit from a market that values their expertise, reflected in the elevated salary.
Nearby Job Markets
Nearby Cities for Tax Preparers
| City | Salary | Dist. |
|---|---|---|
| Kiryas Joel-Poughkeepsie-Newburgh, NY Tax Preparers Salary | $59,820↓ 20% | 44 mi |
| Bridgeport-Stamford-Danbury, CT Tax Preparers Salary | $60,460↓ 19% | 54 mi |
Comparing salaries near New York-Newark-Jersey City, NY-NJ
Hiring Tax Preparerss?
Frequently Asked Questions
How much does a Tax Preparers make in New York-Newark-Jersey City, NY-NJ?
The median annual salary for a Tax Preparers in New York-Newark-Jersey City, NY-NJ is $74,640. This typically ranges from $38,400 for entry-level positions to $109,210 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 26.8% higher than the national median of $58,860.
Is New York-Newark-Jersey City, NY-NJ a lucrative place for Tax Preparers?
Yes, it is a lucrative place for Tax Preparers.The average salary of $74,640 is significantly higher than the national average, and the strong concentration of professionals (LQ 1.54) indicates robust demand for their services.
Is New York-Newark-Jersey City, NY-NJ a good place to live for Tax Preparers?
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 ($59,820) and Bridgeport-Stamford-Danbury, CT.
How does the local salary compare to the national average?
Tax Preparers in New York-Newark-Jersey City earn an average of $74,640 annually, which is considerably higher than the national average of $58,860.
What is the Cost of Living in New York-Newark-Jersey City, NY-NJ?
The Cost of Living Index for this region is 100, which is exactly the national average. This means that while salaries are higher, the cost of goods and services is also at the national benchmark.
How concentrated are Tax Preparers in this region?
The Location Quotient (LQ) is 1.54, meaning Tax Preparers are 54% more concentrated in this area than the national average, indicating a strong presence and demand for the profession.
What is the total number of Tax Preparers in this area?
There are approximately 6,870 Tax Preparers 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 6,870 employees in the New York-Newark-Jersey City, NY-NJ area with a job density of 0.734 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Tax Preparers Salaries by State
Top Jobs in New York-Newark-Jersey City, NY-NJ
- All Occupations Salary in New York-Newark-Jersey City, NY-NJ
- Office and Administrative Support Occupations Salary in New York-Newark-Jersey City, NY-NJ
- Healthcare Support Occupations Salary in New York-Newark-Jersey City, NY-NJ
- Sales and Related Occupations Salary in New York-Newark-Jersey City, NY-NJ
- Business and Financial Operations Occupations Salary in New York-Newark-Jersey City, NY-NJ
- Transportation and Material Moving Occupations Salary in New York-Newark-Jersey City, NY-NJ
- Food Preparation and Serving Related Occupations Salary in New York-Newark-Jersey City, NY-NJ
- Management Occupations Salary in New York-Newark-Jersey City, NY-NJ
- Educational Instruction and Library Occupations Salary in New York-Newark-Jersey City, NY-NJ
- Home Health and Personal Care Aides Salary in New York-Newark-Jersey City, NY-NJ
- Browse All Jobs in New York-Newark-Jersey City, NY-NJ →
Semantic Salary Analysis for Tax Preparers • Data source: BLS OEWS 2024 •Jobs in New York-Newark-Jersey City, NY-NJ