Average Retail Salespersons Salary in Lexington-Fayette, KY
In Lexington-Fayette, KY, Retail Salespersons earn an average annual salary of $34,130. This figure is slightly below the national average of $37,150, a common trend in regions where local economic factors and market demand may influence compensation levels. Understanding these local nuances is key for professionals in the retail sector.
Executive Summary
- Average Salary: $34,130 per year.
- Growth Trend: Salaries have shifted 21.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $45,410.
- Outlook: The Lexington-Fayette, KY area supports a substantial local workforce of 6,920 Retail Salespersons. With a Location Quotient of 0.99, the concentration of these roles is nearly on par with the national average, indicating a stable and consistent demand for retail talent within the region. The presence of nearly 25 jobs per 1,000 workers further underscores the steady employment opportunities available.
Salary Overview
The average Retail Salespersons in Lexington-Fayette, KY earns-8.1%below the national average.
$16.4
$656
$2,844
Retail Salespersons Salary Trends (2020-2024)
While specific historical data for Lexington-Fayette, KY is not provided, it is reasonable to assume that salaries for Retail Salespersons have experienced gradual growth over the past four years, mirroring national trends. Factors such as inflation, increased consumer spending, and evolving retail strategies likely contribute to upward pressure on wages, even if the pace of growth varies locally.
Retail Salespersons Salary Distribution in Lexington-Fayette, KY
Career progression for Retail Salespersons in Lexington-Fayette, KY, typically involves a significant salary increase with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with proven sales records and leadership skills can command salaries well above the average. The percentile gaps in earnings clearly signify the potential for substantial career and financial advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $22,550 | $10.8 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $25,598 | $12.3 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $29,580 | $14.2 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $42,663 | $20.5 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $45,410 | $21.8 |
Detailed Retail Salespersons Market Analysis
Relocation Context
Nominal Salary
$34,130
Gross Pay
Real Wage (Purchasing Power)
$34,130
Adjusted for COL (100)
The average annual salary of $34,130 in Lexington-Fayette, KY, aligns precisely with the local Cost of Living Index of 100, which represents the national average. This means that, on average, the purchasing power of a Retail Salesperson's salary in this area is equivalent to the national standard, offering a balanced lifestyle without significant financial strain related to living expenses.
Job Market Context
6,920
Total Jobs
24.467
Per 1K Jobs
0.99
Location Quotient
Lexington-Fayette, KY has 0.99x the national average concentration of Retail Salespersons jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
With a Location Quotient of 0.99, the retail sales job market in Lexington-Fayette, KY, is remarkably balanced with the national landscape. This suggests that the demand for Retail Salespersons is neither exceptionally high nor low compared to other regions, indicating a competitive yet accessible job market. Professionals can expect opportunities to be readily available, though standing out may require strong performance and relevant skills.
Nearby Job Markets
Nearby Cities for Retail Salespersons
| City | Salary | Dist. |
|---|---|---|
| Central Kentucky nonmetropolitan area Retail Salespersons Salary | $32,030↓ 6% | 28 mi |
| South Central Kentucky nonmetropolitan area Retail Salespersons Salary | $31,430↓ 8% | 28 mi |
| West Kentucky nonmetropolitan area Retail Salespersons Salary | $31,240↓ 8% | 28 mi |
| East Kentucky nonmetropolitan area Retail Salespersons Salary | $30,560↓ 10% | 28 mi |
| Louisville/Jefferson County, KY-IN Retail Salespersons Salary | $34,260↑ 0% | 72 mi |
Comparing salaries near Lexington-Fayette, KY
Hiring Retail Salespersonss?
Frequently Asked Questions
How much does a Retail Salespersons make in Lexington-Fayette, KY?
The median annual salary for a Retail Salespersons in Lexington-Fayette, KY is $34,130. This typically ranges from $22,550 for entry-level positions to $45,410 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington-Fayette, KY is 8.1% lower than the national median of $37,150.
Is Lexington-Fayette, KY a lucrative place for Retail Salespersons?
No, not exceptionally lucrative compared to the national average.While the cost of living is at the national average, the average salary for Retail Salespersons is slightly below the national benchmark. This indicates that while the financial strain of living is standard, the earning potential is not significantly higher than elsewhere.
Is Lexington-Fayette, KY a good place to live for Retail Salespersons?
The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington-Fayette, KY?
Some top paying nearby cities include Central Kentucky nonmetropolitan area ($32,030) and South Central Kentucky nonmetropolitan area.
How does the number of jobs per 1,000 workers compare nationally?
With 24.467 jobs per 1,000 workers, Lexington-Fayette, KY, has a concentration of retail sales roles that is very close to the national average, suggesting a stable job market.
What is the significance of a Location Quotient of 0.99?
A Location Quotient of 0.99 indicates that the proportion of Retail Salespersons in Lexington-Fayette, KY, is almost identical to the national proportion. This signifies a balanced job market with consistent demand.
How does the cost of living impact the salary of $34,130?
Since the Cost of Living Index is 100 (the national average), the $34,130 salary has the same purchasing power as the national average salary, making it neither particularly advantageous nor disadvantageous in terms of affordability.
What is the total number of Retail Salespersons in Lexington-Fayette, KY?
There are approximately 6,920 Retail Salespersons employed in the Lexington-Fayette, KY area, contributing to a significant segment of the local workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,920 employees in the Lexington-Fayette, KY area with a job density of 24.467 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 Lexington-Fayette, KY
- All Occupations Salary in Lexington-Fayette, KY
- Office and Administrative Support Occupations Salary in Lexington-Fayette, KY
- Food Preparation and Serving Related Occupations Salary in Lexington-Fayette, KY
- Transportation and Material Moving Occupations Salary in Lexington-Fayette, KY
- Production Occupations Salary in Lexington-Fayette, KY
- Healthcare Practitioners and Technical Occupations Salary in Lexington-Fayette, KY
- Sales and Related Occupations Salary in Lexington-Fayette, KY
- Management Occupations Salary in Lexington-Fayette, KY
- Educational Instruction and Library Occupations Salary in Lexington-Fayette, KY
- Business and Financial Operations Occupations Salary in Lexington-Fayette, KY
- Browse All Jobs in Lexington-Fayette, KY →
Semantic Salary Analysis for Retail Salespersons • Data source: BLS OEWS 2024 •Jobs in Lexington-Fayette, KY