Financial Risk Specialists Salary
Financial Risk Specialists in New Jersey make a median of $129,220 a year, or about $62.12 an hour. The range runs from $81K at the entry level to $199K for experienced workers. Adjusted for local prices (RPP 99.34), that's roughly $130,079 in purchasing power. Rent on a 2-bedroom averages $2,067/month, or 27.1% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across New Jersey. Jump to a metro for precise data:
So what does $129K get you in New Jersey?
About financial risk specialists
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What this looks like in New Jersey
Financial risk specialists pay in New Jersey tracks closely to the national median, $129K locally vs. $117K nationwide, a 10% difference. Rent runs $2,067/month for a 2-bedroom (HUD FMR), taking 26.7% of the median take-home. That's within the 30% rule, though not by much. Cost of living (RPP 99.34) is near the national average, so spending patterns here track the typical American budget fairly closely. Pay and costs are both near average, leaving limited margin for savings at the median wage.
Compensation breakdown
Annual earnings by percentile, New Jersey
Entry-level financial risk specialists (10th percentile) start around $81K. Mid-career wages sit at $129K. Top earners bring in $199K or more, a $118K spread from bottom to top.
Financial Risk Specialists salary by metro in New Jersey
2 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Trenton-Princeton | $124K | -4% | 140 |
| Atlantic City-Hammonton | $79K | -39% | N/A |
Compare to other states
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BLS updates this data quarterly. We'll email you when New Jersey numbers change.
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Frequently asked questions
Can a financial risk specialist afford a 2BR apartment alone in New Jersey?
Yes — at the median salary of $129K, rent takes 26.7% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $2,067/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for financial risk specialists in New Jersey?
The 10th-percentile wage — what new financial risk specialists typically earn — is $81K/year. Take-home on that works out to about $4,874/month. At HUD’s $2,067/month FMR, rent would take 42% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is financial risk specialist a high-paying job in New Jersey?
Pay here is roughly in line with the national average — $129K locally vs. $117K nationally, a 10% difference.
How does New Jersey compare to the national average for financial risk specialists?
New Jersey pays $129K median vs. the U.S. average of $117K — that’s +10%. After adjusting for local cost of living (RPP 99.34), the purchasing-power equivalent is $130K — still ahead of the national median.
How much do financial risk specialists make in New Jersey?
The median is $129,220 a year, that works out to about $62 an hour. But the range is wide: entry-level workers start around $81,230, and experienced financial risk specialists can clear $199,030. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $129K enough to live in New Jersey?
On that salary, you'd take home roughly $7,747/month after taxes. A 2-bedroom here rents for about $2,067/month, which eats 26.7% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a financial risk specialists salary go in New Jersey?
New Jersey has a Regional Price Parity of 99.34 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median financial risk specialists salary is worth about $130,079 in national-average purchasing power.
Where do financial risk specialists get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.