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Average Retail Salespersons Salary in Farmington, NM

The average annual salary for Retail Salespersons in Farmington, NM, stands at $33,340. This figure is notably below the national average of $37,150, suggesting that local market dynamics and potentially regional economic factors influence compensation for these roles. While the cost of living in Farmington is on par with the national average, the salary differential warrants a closer look at the local job market.

Executive Summary

  • Average Salary: $33,340 per year.
  • Growth Trend: Salaries have shifted 6.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $39,040.
  • Outlook: Farmington, NM, supports a local workforce of 1,360 Retail Salespersons, with 29.629 jobs per 1,000 workers. The Location Quotient of 1.2 indicates a slightly higher concentration of these roles compared to the national average, suggesting a stable, albeit not rapidly expanding, demand for retail sales talent within the region.
2024 Market Data

Salary Overview

$33,340

The average Retail Salespersons in Farmington, NM earns-10.3%below the national average.

BreakdownBased on 40h/week
Hourly

$16

Weekly

$641

Monthly

$2,778

Retail Salespersons Salary Distribution in Farmington, NM

Career progression for Retail Salespersons in Farmington, NM, typically involves moving from entry-level positions to more senior roles, which command higher salaries. The salary distribution, while not explicitly detailed, generally shows a widening gap between the lowest and highest earners, signifying opportunities for advancement and increased earning potential based on experience, performance, and specialized skills.

Experience LevelMarket PercentileAnnual WageHourly Rate
SDR / BDRLead generation, prospecting, cold calling.10% (Entry)$26,590$12.8
Account ExecutiveClosing deals, managing small-mid market clients.25% (Junior)$25,005$12
Senior AEHandling enterprise clients and complex negotiations.50% (Median)$29,750$14.3
Sales ManagerManaging a team of reps, setting quotas & strategy.75% (Senior)$41,675$20
VP of SalesRevenue strategy, expansion, C-suite relationships.90% (Expert)$39,040$18.8

Detailed Retail Salespersons Market Analysis

Relocation Context

Nominal Salary

$33,340

Gross Pay

Real Wage (Purchasing Power)

$33,340

Adjusted for COL (100)

With an average annual salary of $33,340 and a Cost of Living Index of 100, the nominal income in Farmington, NM, aligns precisely with the national average cost of living. This means that while the salary is lower than the national average, the purchasing power of that salary is equivalent to the national average, as expenses are not inflated locally.

Job Market Context

1,360

Total Jobs

29.629

Per 1K Jobs

1.2

Location Quotient

Above Average

With a location quotient of 1.20, Farmington, NM has a slightly higher-than-average concentration of Retail Salespersons roles compared to the national norm.

The Location Quotient of 1.2 for Retail Salespersons in Farmington, NM, signifies a market that is 20% more concentrated than the national average. This suggests that while there is a solid presence of these jobs, the market may be moderately competitive, with employers potentially having a slightly larger pool of candidates to draw from compared to national benchmarks.

Nearby Job Markets

Hiring Retail Salespersonss?

Frequently Asked Questions

How much does a Retail Salespersons make in Farmington, NM?

The median annual salary for a Retail Salespersons in Farmington, NM is $33,340. This typically ranges from $26,590 for entry-level positions to $39,040 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Farmington, NM is 10.3% lower than the national median of $37,150.

Is Farmington, NM a lucrative place for Retail Salespersons?

No, not particularly lucrative compared to national averages.The average salary of $33,340 is below the national average, although the cost of living is also at the national average, meaning purchasing power is comparable.

Is Farmington, NM a good place to live for Retail Salespersons?

The Cost of Living Index in Farmington, NM is 100. While higher than average, this often correlates with higher wages.

How does the Farmington, NM salary compare to the national average?

The average salary for Retail Salespersons in Farmington, NM ($33,340) is lower than the national average ($37,150).

What is the Cost of Living in Farmington, NM?

Farmington, NM, has a Cost of Living Index of 100, which is exactly the national average.

How many Retail Salespersons are there in Farmington, NM?

There are approximately 1,360 Retail Salespersons employed in Farmington, NM.

Is the job market for Retail Salespersons strong in Farmington, NM?

The Location Quotient of 1.2 suggests a slightly higher concentration of these jobs than the national average, indicating a stable demand.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,360 employees in the Farmington, NM area with a job density of 29.629 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Retail Salespersons • Data source: BLS OEWS 2024 •Jobs in Farmington, NM