Business & Finance Newark, NJ Pop. 311,549

Real Estate Appraiser Salary in Newark, New Jersey

The median real estate appraiser salary in Newark, NJ is $74,184 per year, which is 20.0% above the national median and 2.4% below the New Jersey state average.

City Median
$74,184
vs State Avg
$-1,855
vs National
+$12,364
Cost of Living
112%

Real Estate Appraiser Salary in Newark by Experience

In Newark, an entry-level real estate appraiser earns around $45,600, while experienced professionals earn up to $115,200 per year. The local cost of living index is 112% of the national average.

Entry Level (0-2 yrs)
$45,600
+$7,600 vs national
Mid Level (3-7 yrs)
$75,600
+$12,600 vs national
Senior Level (8+ yrs)
$115,200
+$19,200 vs national

Salary Percentiles in Newark, NJ

Percentile Newark
10th Percentile $43,200
25th Percentile $55,200
Median (50th) $74,184
75th Percentile $96,000
90th Percentile $122,400

Real Estate Appraiser Salary in Other New Jersey Cities

How to Become a Real Estate Appraiser in Newark

Education

Most real estate appraiser positions require a bachelor's degree. Newark and the surrounding New Jersey area have institutions offering relevant programs.

Key Skills

Property ValuationMarket AnalysisReport WritingUSPAP StandardsMLS SystemsAttention to Detail

Job Outlook

Nationally, real estate appraiser employment is projected to grow 5% over the next decade (faster than average). Demand in Newark may vary based on local industry and population growth.