CFO.
Newark.
$304,000
median salary, 17% above the national average
$228,000 to $403,000. Last updated August 2026.
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Data points to own the conversation.
If you are evaluating a CFO offer in Newark, NJ, here is the reality: $228,000 to $403,000, with $304,000 as the midpoint. 17% above the national average. Company size measured by revenue and market capitalization drives the widest pay variation among CFOs. Do not accept the first number. These figures are Orbyt estimates, computed rather than measured, and must not be cited as Bureau of Labor Statistics figures; the published BLS wage for the occupation this role maps to is shown separately on this page.
Salary range.
Where do you fall?
Orbyt estimate for CFO in Newark, modelled from national occupation wages adjusted for local cost of living. The published government benchmark for this occupation is below.
Government benchmark for this occupation
The US Bureau of Labor Statistics reports a median annual wage of $301,440 for Chief Executives (SOC 11-1011) in the New York-Newark-Jersey City, NY-NJ metropolitan area, based on 7,180 employed workers (May 2025 release).
10th percentile
$164,740
25th percentile
$208,320
Median
$301,440
75th percentile
$462,490
90th percentile
$709,670
Workers surveyed
7,180
BLS publishes wages by occupation code, not by job title, so this figure covers every role mapped to Chief Executives (SOC 11-1011) rather than CFO specifically. The Newarkrange at the top of this page is Orbyt’s role-level estimate, which is a different thing and is labelled as such. Newark is reported by BLS within the New York-Newark-Jersey City, NY-NJ metropolitan area.
View the BLS source for SOC 11-1011Salary by experience.
The gap between entry and lead level is typically $273,000. Where you land depends on years of experience and what you bring to the table.
Entry (0-2 yrs)
$198,000
to $243,000
Mid (3-5 yrs)
$258,000
to $319,000
Senior (6-9 yrs)
$334,000
to $395,000
Lead (10+ yrs)
$380,000
to $471,000
Total compensation.
Base salary is not the full picture. Equity, bonus, and signing can add $81,000 to the total package.
Base
$304,000
Equity
$46,000
Bonus
$29,000
Signing
$6,000
Estimated total: $385,000
How Newark compares.
Newark, NJ
$304,000
Cost of living: 18% above average
National Average
$260,000
Newark is $44,000 above
CFO salary by city.
Salary by role in Newark.
What you should know.
The CFO landscape in Newark is not what most salary sites will tell you. Newark is experiencing a major revitalization, anchored by Prudential Financial, Audible, and a growing tech and startup scene. The city's proximity to Manhattan, combined with significantly lower office costs, has attracted companies seeking New York area talent at reduced overhead. Transportation, pharmaceutical, and logistics companies also have a strong presence. Company size measured by revenue and market capitalization drives the widest pay variation among CFOs. Fortune 500 CFOs earn three to five times more than mid-market counterparts. Industry also matters, with technology, financial services, and pharmaceutical CFOs commanding the highest packages. IPO and M&A transaction experience adds further premium.
VP of Finance roles pay $180,000 to $260,000 in base salary. CFOs at small companies ($10 million to $50 million revenue) earn $175,000 to $250,000. Mid-market CFOs ($50 million to $500 million) earn $250,000 to $400,000. Enterprise CFOs at $1 billion or more revenue companies command $400,000 to $800,000 base. In Newark, those numbers run higher. The cost of living here is 18% above average, and employers adjust to compete.
Base salary is not the full picture. CFO total compensation far exceeds base salary. Annual bonuses of 40 to 75% of base, equity grants worth $200,000 to $2 million or more at public companies, and long-term incentive plans are standard. Total compensation at large companies commonly reaches $800,000 to $5 million. And on the tax side: new Jersey's top income tax rate is 10.75%, one of the highest in the nation. Newark has a payroll tax but no separate city income tax. The high state rate makes salary negotiation critical. When someone quotes you $304,000, ask what the total package looks like. The gap between base and total comp is where real money hides.
On negotiation: Negotiate aggressively to account for New Jersey's high state taxes. Employers near NYC understand the tax burden and often adjust compensation upward for NJ-based talent. The range for CFOs in Newark runs from $228,000 to $403,000. That is not a narrow window. Where you land inside it depends almost entirely on whether you negotiate and how well you prepare.
Sources: BLS OES, H-1B LCA (DOL). COL: BEA Regional Price Parities (2025). Data verified by Justin Bartak, Founder & Chief AI Officer. Last verified July 1, 2026. Full methodology
Considering a related role?
- An IC6 Engineer in Newark earns $289,000 (5% less)
- The highest-paying role in Newark is CTO at $354,000
Common questions.
CFO salary in other cities.
Other salaries in Newark.
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