Favorable Wage Comparisons

Few northeast locations can match Sterling Business Park’s when looking for a quality workforce at affordable wages. The work ethic of our people is well documented. What is extraordinary is the savings gained for such excellence. Comparing Wayne County wages to surrounding MSA’s reveals a significant cost advantage. For example, the average wage for Management occupations in 2004 was $58,480. Wages in the Philadelphia, Trenton, and New York City MSAs were 54% to 100% higher. If we use one MSA – Trenton – to illustrate our point, we find a wage differential of $41,650. Fifteen management employees working for 5 years in Wayne County translates to a $3,123,750 savings. WAGE COMPARISONS AND ANALYSIS Table 1: Wage Comparisons – Wayne County to Surrounding MSAs Table 2: Average Annual Payroll By Major Industry Table 3: 2004 Annual Quarterly Census of Employment And Wages Subsector (3 digit) data for Wayne County, Private An assessment of Northeastern PA’s financial services by Moran, Stahl & Boyer: http://www.pennsnortheast.com/v3/downloads/msb_study.pdf A white paper which details the many reasons why a NYC-based financial services company should relocate to Northeast PA: http://www.pennsnortheast.com/v3/PNE_BCWP_execsummary.pdf Back to Top Back to Top Back to Top