As of May 18, 2021, the average annual salary for Economic Development in New Jersey is $86,157, equivalent to $41 per hour, $1,657 weekly, or $7,180 monthly. These figures, sourced from Salary.com’s real-time job posting scans, highlight competitive earning potential for Economic Development in cities like Santa Clara, San Jose, and Fremont.
Annually Salaries for Economic Development in New Jersey vary widely, spanning from $69,799 to $96,484. Most professionals fall between the 25th percentile ($77,594) and 75th percentile ($91,562), while top earners (90th percentile) make $96,484 per year. This $13,968 pay gap underscores opportunities for salary growth through certifications, specialized skills like Analysis or Forecasting, or targeting high-paying regions like District of Columbia or California.
Location and experience significantly influence earnings. For example, New Jersey Economic Development often earn 9.6% higher than national averages due to demand from Fortune 34 companies. However, New Jersey currently ranks 5 nationwide for Economic Development job salary. Professionals are advised to focus on high-growth sectors like to offset market challenges.
