Average Retail Salespersons Salary in Albany-Schenectady-Troy, NY
Retail Salespersons in the Albany-Schenectady-Troy, NY area earn an average annual salary of $40,240. This figure slightly surpasses the national average of $37,150, indicating a favorable compensation landscape for these roles. Local economic factors and a robust retail sector likely contribute to this elevated pay scale.
Executive Summary
- Average Salary: $40,240 per year.
- Growth Trend: Salaries have shifted 17.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $52,920.
- Outlook: The Albany-Schenectady-Troy region supports a substantial workforce of 11,600 Retail Salespersons. With a Location Quotient of 1.06, the concentration of these jobs is slightly above the national average, suggesting a stable and potentially growing demand for retail talent within this metropolitan area.
Salary Overview
The average Retail Salespersons in Albany-Schenectady-Troy, NY earns+8.3%above the national average.
$19.4
$774
$3,353
Retail Salespersons Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Retail Salespersons in Albany-Schenectady-Troy have seen consistent growth over the past four years, mirroring national trends of wage increases driven by inflation and evolving market demands. This suggests a positive trajectory for earning potential in this sector.
Retail Salespersons Salary Distribution in Albany-Schenectady-Troy, NY
Career progression for Retail Salespersons in Albany-Schenectady-Troy typically involves a significant salary increase from entry-level to senior positions. The percentile gaps in earnings between junior and experienced professionals highlight the value placed on accumulated skills, sales performance, and leadership capabilities within the retail industry.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $31,200 | $15 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $30,180 | $14.5 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $35,040 | $16.8 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $50,300 | $24.2 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $52,920 | $25.4 |
Detailed Retail Salespersons Market Analysis
Relocation Context
Nominal Salary
$40,240
Gross Pay
Real Wage (Purchasing Power)
$40,240
Adjusted for COL (100)
The average annual salary of $40,240 in Albany-Schenectady-Troy aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Retail Salesperson's salary in this region is equivalent to the national standard, offering a stable financial environment without significant cost-of-living pressures.
Job Market Context
11,600
Total Jobs
26.191
Per 1K Jobs
1.06
Location Quotient
With a location quotient of 1.06, Albany-Schenectady-Troy, NY has a slightly higher-than-average concentration of Retail Salespersons roles compared to the national norm.
A Location Quotient of 1.06 for Retail Salespersons in Albany-Schenectady-Troy indicates that this occupation is slightly more concentrated here than the national average. This suggests a healthy job market where demand is at least on par with, if not slightly exceeding, national levels, making it a competitive yet accessible market for job seekers.
Nearby Job Markets
Nearby Cities for Retail Salespersons
| City | Salary | Dist. |
|---|---|---|
| Pittsfield, MA Retail Salespersons Salary | $38,720↓ 4% | 31 mi |
| Glens Falls, NY Retail Salespersons Salary | $39,360↓ 2% | 45 mi |
| Kingston, NY Retail Salespersons Salary | $39,830↓ 1% | 52 mi |
| Southwest New York nonmetropolitan area Retail Salespersons Salary | $38,370↓ 5% | 68 mi |
| Central East New York nonmetropolitan area Retail Salespersons Salary | $39,060↓ 3% | 68 mi |
Comparing salaries near Albany-Schenectady-Troy, NY
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Frequently Asked Questions
How much does a Retail Salespersons make in Albany-Schenectady-Troy, NY?
The median annual salary for a Retail Salespersons in Albany-Schenectady-Troy, NY is $40,240. This typically ranges from $31,200 for entry-level positions to $52,920 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany-Schenectady-Troy, NY is 8.3% higher than the national median of $37,150.
Is Albany-Schenectady-Troy, NY a lucrative place for Retail Salespersons?
Yes, it offers slightly above-average compensation.Retail Salespersons in Albany-Schenectady-Troy earn $40,240 annually, exceeding the national average, while maintaining a cost of living at the national average. This combination provides favorable purchasing power for residents.
Is Albany-Schenectady-Troy, NY a good place to live for Retail Salespersons?
The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albany-Schenectady-Troy, NY?
Some top paying nearby cities include Pittsfield, MA ($38,720) and Glens Falls, NY.
How does the Albany-Schenectady-Troy salary compare to the national average?
The average annual salary for Retail Salespersons in Albany-Schenectady-Troy is $40,240, which is $3,090 higher than the national average of $37,150.
What is the size of the Retail Salesperson workforce in Albany-Schenectady-Troy?
There are approximately 11,600 Retail Salespersons employed in the Albany-Schenectady-Troy metropolitan area.
Is the concentration of Retail Salespersons higher in Albany-Schenectady-Troy than nationally?
Yes, the Location Quotient of 1.06 indicates that Retail Salespersons are slightly more concentrated in Albany-Schenectady-Troy compared to the national average.
How does the cost of living in Albany-Schenectady-Troy affect the salary?
With a Cost of Living Index of 100, the local cost of living matches the national average, meaning the $40,240 salary provides purchasing power equivalent to the national median.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 11,600 employees in the Albany-Schenectady-Troy, NY area with a job density of 26.191 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Retail Salespersons • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY