Average Retail Salespersons Salary in Albuquerque, NM
Retail Salespersons in Albuquerque, NM, earn an average annual salary of $34,800. This figure is slightly below the national average of $37,150, reflecting localized economic factors and regional demand specific to the New Mexico market. While the nominal pay may differ, understanding the local context is key to evaluating compensation.
Executive Summary
- Average Salary: $34,800 per year.
- Growth Trend: Salaries have shifted 22.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $44,360.
- Outlook: Albuquerque supports a substantial Retail Salesperson workforce of 11,130 individuals, indicating a significant presence in the local economy. With a Location Quotient of 1.13, the concentration of these roles in Albuquerque is 13% higher than the national average, suggesting a robust and potentially growing demand for retail talent in the region.
Salary Overview
The average Retail Salespersons in Albuquerque, NM earns-6.3%below the national average.
$16.7
$669
$2,900
Retail Salespersons Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Retail Salespersons in Albuquerque have seen modest growth over the past four years, mirroring national trends of incremental wage increases driven by inflation and evolving market demands. This suggests a stable, albeit potentially slow, upward trajectory for compensation in this sector.
Retail Salespersons Salary Distribution in Albuquerque, NM
The salary progression for Retail Salespersons in Albuquerque typically scales with experience. Entry-level positions may start at the lower end of the pay scale, while senior or specialized sales roles can command significantly higher earnings. The percentile gaps in salary distribution highlight clear opportunities for career advancement and increased earning potential as professionals gain expertise and tenure.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $27,850 | $13.4 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $26,100 | $12.5 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $31,730 | $15.3 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $43,500 | $20.9 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $44,360 | $21.3 |
Detailed Retail Salespersons Market Analysis
Relocation Context
Nominal Salary
$34,800
Gross Pay
Real Wage (Purchasing Power)
$34,800
Adjusted for COL (100)
With an average annual salary of $34,800 and a Cost of Living Index at the national average of 100, the purchasing power of a Retail Salesperson's income in Albuquerque is directly aligned with the national standard. This means that while the nominal salary is lower than the national average, the cost of essential goods and services in Albuquerque is comparable, offering a balanced financial landscape.
Job Market Context
11,130
Total Jobs
27.744
Per 1K Jobs
1.13
Location Quotient
With a location quotient of 1.13, Albuquerque, NM has a slightly higher-than-average concentration of Retail Salespersons roles compared to the national norm.
The Location Quotient of 1.13 for Retail Salespersons in Albuquerque signifies a market where this profession is slightly more concentrated than the national average. This suggests a healthy demand and a competitive environment, where employers may actively seek qualified candidates, potentially leading to more opportunities and stable employment for those in the field.
Nearby Job Markets
Nearby Cities for Retail Salespersons
| City | Salary | Dist. |
|---|---|---|
| Eastern New Mexico nonmetropolitan area Retail Salespersons Salary | $33,720↓ 3% | 29 mi |
| Northern New Mexico nonmetropolitan area Retail Salespersons Salary | $34,370↓ 1% | 29 mi |
| Santa Fe, NM Retail Salespersons Salary | $38,040↑ 9% | 54 mi |
Comparing salaries near Albuquerque, NM
Hiring Retail Salespersonss?
Frequently Asked Questions
How much does a Retail Salespersons make in Albuquerque, NM?
The median annual salary for a Retail Salespersons in Albuquerque, NM is $34,800. This typically ranges from $27,850 for entry-level positions to $44,360 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albuquerque, NM is 6.3% lower than the national median of $37,150.
Is Albuquerque, NM a lucrative place for Retail Salespersons?
No, not significantly more lucrative than the national average.The average salary of $34,800 is below the national average, though the cost of living is also at the national average, making the purchasing power comparable.
Is Albuquerque, NM a good place to live for Retail Salespersons?
The Cost of Living Index in Albuquerque, NM is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albuquerque, NM?
Some top paying nearby cities include Eastern New Mexico nonmetropolitan area ($33,720) and Northern New Mexico nonmetropolitan area.
How does Albuquerque's Retail Salesperson salary compare to the national average?
The average annual salary for Retail Salespersons in Albuquerque is $34,800, which is approximately 6.3% lower than the national average of $37,150.
What is the concentration of Retail Salespersons in Albuquerque?
Albuquerque has a Location Quotient of 1.13 for Retail Salespersons, indicating that the profession is 13% more concentrated in the area compared to the national average.
How many Retail Salespersons are there in Albuquerque?
There are approximately 11,130 Retail Salespersons employed in Albuquerque, NM.
Does the cost of living affect the value of a Retail Salesperson's salary in Albuquerque?
No, the cost of living in Albuquerque is exactly at the national average (100), meaning the $34,800 salary has a purchasing power equivalent to the national average salary.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 11,130 employees in the Albuquerque, NM area with a job density of 27.744 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 Albuquerque, NM