Average Retail Salespersons Salary in Fairbanks-College, AK
Retail Salespersons in Fairbanks-College, AK, earn an average annual salary of $40,920, which is notably higher than the national average of $37,150. This elevated compensation is often influenced by factors specific to the region, such as the unique economic landscape and potentially higher operational costs associated with doing business in Alaska.
Executive Summary
- Average Salary: $40,920 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $50,480.
- Outlook: The job market for Retail Salespersons in Fairbanks-College, AK, appears robust, supported by a local workforce of 1,060 individuals in this role. The Location Quotient of 1.2 indicates a concentration of these jobs that is 20% higher than the national average, suggesting a stable and potentially growing demand for retail sales talent in the area.
Salary Overview
The average Retail Salespersons in Fairbanks-College, AK earns+10.1%above the national average.
$19.7
$787
$3,410
Retail Salespersons Salary Trends (2020-2024)
While specific historical data for Fairbanks-College is not provided, it's reasonable to assume that salaries for Retail Salespersons have seen a gradual upward trend over the past four years, mirroring national patterns. This growth is typically driven by inflation, increased demand for skilled sales professionals, and evolving retail strategies.
Retail Salespersons Salary Distribution in Fairbanks-College, AK
Career progression for Retail Salespersons in Fairbanks-College, AK, typically involves a salary increase with experience. Entry-level positions might start closer to the lower percentiles, while senior or specialized sales roles can command salaries in the higher percentiles, reflecting accumulated expertise, client relationships, and sales performance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $29,400 | $14.1 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $30,690 | $14.8 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $37,050 | $17.8 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $51,150 | $24.6 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $50,480 | $24.3 |
Detailed Retail Salespersons Market Analysis
Relocation Context
Nominal Salary
$40,920
Gross Pay
Real Wage (Purchasing Power)
$40,920
Adjusted for COL (100)
With an average annual salary of $40,920 and a Cost of Living Index at the national average of 100, the nominal income in Fairbanks-College, AK, directly translates to purchasing power equivalent to the national average. This means that while the salary is higher than the national average, the cost of living does not diminish its real value compared to other areas.
Job Market Context
1,060
Total Jobs
29.531
Per 1K Jobs
1.2
Location Quotient
With a location quotient of 1.20, Fairbanks-College, AK has a slightly higher-than-average concentration of Retail Salespersons roles compared to the national norm.
A Location Quotient of 1.2 for Retail Salespersons in Fairbanks-College, AK, signifies a market where this profession is more prevalent than the national average. This suggests a healthy demand and a potentially competitive environment, where employers may need to offer competitive wages and benefits to attract and retain talent.
Nearby Job Markets
Hiring Retail Salespersonss?
Frequently Asked Questions
How much does a Retail Salespersons make in Fairbanks-College, AK?
The median annual salary for a Retail Salespersons in Fairbanks-College, AK is $40,920. This typically ranges from $29,400 for entry-level positions to $50,480 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fairbanks-College, AK is 10.1% higher than the national median of $37,150.
Is Fairbanks-College, AK a lucrative place for Retail Salespersons?
Yes, it offers a competitive edge.Retail Salespersons in Fairbanks-College, AK, earn above the national average salary, and the job concentration is higher than the national average, indicating good local demand.
Is Fairbanks-College, AK a good place to live for Retail Salespersons?
The Cost of Living Index in Fairbanks-College, AK is 100. While higher than average, this often correlates with higher wages.
How does the cost of living in Fairbanks-College, AK affect salary?
The Cost of Living Index in Fairbanks-College, AK, is exactly at the national average (100), meaning the $40,920 salary provides purchasing power equivalent to the national average, without being significantly eroded by higher living expenses.
What is the job concentration for Retail Salespersons in Fairbanks-College, AK?
The Location Quotient of 1.2 indicates that Retail Salespersons are 20% more concentrated in Fairbanks-College, AK, than the national average, suggesting a stronger presence and potentially more job opportunities in this field.
How many Retail Salespersons are there in Fairbanks-College, AK?
There are approximately 1,060 Retail Salespersons employed in the Fairbanks-College, AK area, contributing to the local workforce.
Is the demand for Retail Salespersons high in Fairbanks-College, AK?
With a Location Quotient above 1.0 and a significant number of jobs per 1,000 workers (29.531), the demand for Retail Salespersons in Fairbanks-College, AK, can be considered robust and above the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,060 employees in the Fairbanks-College, AK area with a job density of 29.531 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Retail Salespersons Salaries by State
Top Jobs in Fairbanks-College, AK
- All Occupations Salary in Fairbanks-College, AK
- Office and Administrative Support Occupations Salary in Fairbanks-College, AK
- Food Preparation and Serving Related Occupations Salary in Fairbanks-College, AK
- Transportation and Material Moving Occupations Salary in Fairbanks-College, AK
- Sales and Related Occupations Salary in Fairbanks-College, AK
- Construction and Extraction Occupations Salary in Fairbanks-College, AK
- Management Occupations Salary in Fairbanks-College, AK
- Installation, Maintenance, and Repair Occupations Salary in Fairbanks-College, AK
- Educational Instruction and Library Occupations Salary in Fairbanks-College, AK
- Healthcare Practitioners and Technical Occupations Salary in Fairbanks-College, AK
- Browse All Jobs in Fairbanks-College, AK →
Semantic Salary Analysis for Retail Salespersons • Data source: BLS OEWS 2024 •Jobs in Fairbanks-College, AK