Average Retail Salespersons Salary in Colorado Springs, CO
Retail Salespersons in Colorado Springs, CO, earn an average annual salary of $40,350. This figure is notably higher than the national average of $37,150, suggesting that local economic factors and demand in this specific market contribute to a more favorable compensation landscape for these professionals.
Executive Summary
- Average Salary: $40,350 per year.
- Growth Trend: Salaries have shifted 23.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $49,520.
- Outlook: With a total local workforce of 7,990 Retail Salespersons, Colorado Springs demonstrates a significant presence in this sector. The Location Quotient of 1.02 indicates that the concentration of these jobs in Colorado Springs is slightly above the national average, implying a stable and potentially growing demand for retail sales talent within the region.
Salary Overview
The average Retail Salespersons in Colorado Springs, CO earns+8.6%above the national average.
$19.4
$776
$3,363
Retail Salespersons Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Retail Salespersons in Colorado Springs have experienced growth over the past four years, mirroring broader economic trends and inflation. Increased consumer spending and evolving retail strategies likely contribute to upward pressure on wages in this field.
Retail Salespersons Salary Distribution in Colorado Springs, CO
The career path for Retail Salespersons typically involves a salary progression from entry-level to senior roles. As individuals gain experience, develop specialized sales skills, and take on more responsibility, their earning potential increases significantly. The percentile gaps in salary data reflect this career advancement, with experienced professionals commanding higher compensation.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $30,210 | $14.5 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $30,263 | $14.5 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $35,410 | $17 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $50,438 | $24.2 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $49,520 | $23.8 |
Detailed Retail Salespersons Market Analysis
Relocation Context
Nominal Salary
$40,350
Gross Pay
Real Wage (Purchasing Power)
$40,350
Adjusted for COL (100)
The average annual salary of $40,350 in Colorado Springs aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Retail Salesperson's salary in Colorado Springs is equivalent to the national average, making it a financially stable location for those in this profession.
Job Market Context
7,990
Total Jobs
25.068
Per 1K Jobs
1.02
Location Quotient
With a location quotient of 1.02, Colorado Springs, CO has a slightly higher-than-average concentration of Retail Salespersons roles compared to the national norm.
A Location Quotient of 1.02 suggests that Colorado Springs has a slightly higher concentration of Retail Salespersons compared to the national average. This indicates a healthy job market where demand is at least on par with, if not slightly exceeding, the national level, offering competitive opportunities for those seeking employment in this role.
Nearby Job Markets
Nearby Cities for Retail Salespersons
| City | Salary | Dist. |
|---|---|---|
| Northwest Colorado nonmetropolitan area Retail Salespersons Salary | $42,370↑ 5% | 32 mi |
| Southwest Colorado nonmetropolitan area Retail Salespersons Salary | $41,140↑ 2% | 32 mi |
| Eastern and Southern Colorado nonmetropolitan area Retail Salespersons Salary | $38,850↓ 4% | 32 mi |
| Pueblo, CO Retail Salespersons Salary | $36,950↓ 8% | 42 mi |
| Denver-Aurora-Centennial, CO Retail Salespersons Salary | $42,280↑ 5% | 62 mi |
Comparing salaries near Colorado Springs, CO
Hiring Retail Salespersonss?
Frequently Asked Questions
How much does a Retail Salespersons make in Colorado Springs, CO?
The median annual salary for a Retail Salespersons in Colorado Springs, CO is $40,350. This typically ranges from $30,210 for entry-level positions to $49,520 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Colorado Springs, CO is 8.6% higher than the national median of $37,150.
Is Colorado Springs, CO a lucrative place for Retail Salespersons?
Yes, Colorado Springs offers a slightly more lucrative environment for Retail Salespersons compared to the national average.The average salary of $40,350 is above the national average, and the cost of living is on par with the national average, indicating good purchasing power for local sales professionals.
Is Colorado Springs, CO a good place to live for Retail Salespersons?
The Cost of Living Index in Colorado Springs, CO is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Colorado Springs, CO?
Some top paying nearby cities include Northwest Colorado nonmetropolitan area ($42,370) and Southwest Colorado nonmetropolitan area.
How does the number of jobs per 1,000 workers compare nationally?
Colorado Springs has 25.068 Retail Salespersons per 1,000 workers, which is a solid indicator of job availability within the local workforce.
What is the significance of the Location Quotient (LQ) for Retail Salespersons in Colorado Springs?
An LQ of 1.02 means that the concentration of Retail Salespersons in Colorado Springs is 2% higher than the national average, suggesting a slightly stronger local market for this profession.
How does the cost of living in Colorado Springs affect the salary of a Retail Salesperson?
With a Cost of Living Index of 100, the national average, the $40,350 salary in Colorado Springs offers the same purchasing power as the national average salary, indicating a balanced economic environment.
What factors might contribute to the higher average salary in Colorado Springs?
Higher local demand, a slightly more concentrated job market (LQ of 1.02), and potentially a strong tourism or service-based economy could all contribute to the elevated average salary for Retail Salespersons in Colorado Springs.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 7,990 employees in the Colorado Springs, CO area with a job density of 25.068 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 Colorado Springs, CO