Average Retail Salespersons Salary in Binghamton, NY
Retail Salespersons in Binghamton, NY, earn an average annual salary of $39,020. This figure slightly surpasses the national average of $37,150, indicating a localized demand that modestly elevates compensation. Factors such as the specific economic landscape and consumer spending patterns within Binghamton contribute to this slightly higher pay scale compared to the national benchmark.
Executive Summary
- Average Salary: $39,020 per year.
- Growth Trend: Salaries have shifted 22.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $48,640.
- Outlook: Binghamton, NY, supports a robust local workforce of 2,490 Retail Salespersons. With a Location Quotient of 1.05, the concentration of these roles in Binghamton is marginally higher than the national average, suggesting a stable and potentially growing job market for this profession. The presence of approximately 25.8 jobs per 1,000 workers further underscores a consistent demand for retail sales talent within the region.
Salary Overview
The average Retail Salespersons in Binghamton, NY earns+5.0%above the national average.
$18.8
$750
$3,252
Retail Salespersons Salary Trends (2020-2024)
While specific historical data for Binghamton's Retail Salesperson salaries over the past four years is not provided, it is reasonable to assume a general upward trend mirroring national patterns. Economic growth, inflation, and evolving retail strategies typically contribute to incremental salary increases for sales roles, suggesting that compensation for Retail Salespersons in Binghamton has likely seen modest growth over the last half-decade.
Retail Salespersons Salary Distribution in Binghamton, NY
The salary trajectory for Retail Salespersons in Binghamton, NY, typically scales with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with proven sales records and advanced customer service skills can command significantly higher earnings. The percentile gaps between entry-level, mid-career, and senior roles represent clear opportunities for career progression and increased earning potential within the local retail sector.
| 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) | $29,265 | $14.1 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $34,100 | $16.4 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $48,775 | $23.4 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $48,640 | $23.4 |
Detailed Retail Salespersons Market Analysis
Relocation Context
Nominal Salary
$39,020
Gross Pay
Real Wage (Purchasing Power)
$39,020
Adjusted for COL (100)
The average annual salary of $39,020 for Retail Salespersons in Binghamton, NY, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Binghamton-based Retail Salesperson's salary is equivalent to the national average, offering a stable financial standing without the added pressure of a higher cost of living.
Job Market Context
2,490
Total Jobs
25.806
Per 1K Jobs
1.05
Location Quotient
With a location quotient of 1.05, Binghamton, NY has a slightly higher-than-average concentration of Retail Salespersons roles compared to the national norm.
With a Location Quotient of 1.05, Binghamton, NY, exhibits a slightly higher concentration of Retail Salespersons compared to the national average. This suggests that the job market for these professionals is neither overly saturated nor exceptionally scarce; rather, it indicates a healthy, balanced demand that aligns closely with national employment trends for this occupation.
Nearby Job Markets
Nearby Cities for Retail Salespersons
| City | Salary | Dist. |
|---|---|---|
| Ithaca, NY Retail Salespersons Salary | $38,190↓ 2% | 39 mi |
| Elmira, NY Retail Salespersons Salary | $39,170↑ 0% | 46 mi |
| Southwest New York nonmetropolitan area Retail Salespersons Salary | $38,370↓ 2% | 49 mi |
| Central East New York nonmetropolitan area Retail Salespersons Salary | $39,060↑ 0% | 49 mi |
| Capital/Northern New York nonmetropolitan area Retail Salespersons Salary | $38,900↓ 0% | 49 mi |
Comparing salaries near Binghamton, NY
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Frequently Asked Questions
How much does a Retail Salespersons make in Binghamton, NY?
The median annual salary for a Retail Salespersons in Binghamton, NY is $39,020. This typically ranges from $31,200 for entry-level positions to $48,640 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Binghamton, NY is 5.0% higher than the national median of $37,150.
Is Binghamton, NY a lucrative place for Retail Salespersons?
Yes, moderately so.Binghamton, NY offers Retail Salespersons an average salary slightly above the national average, coupled with a cost of living that is exactly at the national average, providing good purchasing power.
Is Binghamton, NY a good place to live for Retail Salespersons?
The Cost of Living Index in Binghamton, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Binghamton, NY?
Some top paying nearby cities include Ithaca, NY ($38,190) and Elmira, NY.
How does Binghamton's Retail Salesperson salary compare to the national average?
The average annual salary for Retail Salespersons in Binghamton, NY, is $39,020, which is higher than the national average of $37,150.
What is the Cost of Living in Binghamton, NY for Retail Salespersons?
Binghamton, NY has a Cost of Living Index of 100, which is precisely the national average, meaning your salary will have average purchasing power.
How many Retail Salespersons are there in Binghamton, NY?
There are approximately 2,490 Retail Salespersons employed in Binghamton, NY, representing about 25.8 jobs per 1,000 workers.
Is the job market for Retail Salespersons strong in Binghamton, NY?
The job market is stable, with a Location Quotient of 1.05 indicating a slightly higher concentration of these roles than the national average, suggesting consistent demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,490 employees in the Binghamton, NY area with a job density of 25.806 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 Binghamton, NY