Average Retail Salespersons Salary in Memphis, TN-MS-AR
In Memphis, TN-MS-AR, Retail Salespersons earn an average annual salary of $35,070. This figure is slightly below the national average of $37,150, reflecting regional economic factors and the specific demand dynamics within the Memphis metropolitan area. The local pay scale is a direct consequence of the interplay between the cost of labor, consumer spending patterns, and the overall economic health of the region.
Executive Summary
- Average Salary: $35,070 per year.
- Growth Trend: Salaries have shifted 20.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $46,470.
- Outlook: The Memphis, TN-MS-AR region boasts a substantial workforce of 15,920 Retail Salespersons, indicating a significant presence in the local job market. With a Location Quotient of 1.04, the concentration of these roles is marginally higher than the national average, suggesting a stable and potentially growing demand for retail talent within the area. The presence of 25.678 jobs per 1,000 workers further underscores the robust employment landscape for this profession.
Salary Overview
The average Retail Salespersons in Memphis, TN-MS-AR earns-5.6%below the national average.
$16.9
$674
$2,923
Retail Salespersons Salary Trends (2020-2024)
While specific historical data for Memphis is not provided, it is generally assumed that salaries for Retail Salespersons across the nation, including in Memphis, have experienced a steady upward trend over the past four years. This growth is typically driven by inflation, increasing consumer demand, and the evolving nature of retail requiring more skilled sales professionals. Therefore, current salary figures likely represent an improvement from previous years, reflecting ongoing market adjustments.
Retail Salespersons Salary Distribution in Memphis, TN-MS-AR
The salary range for Retail Salespersons in Memphis, TN-MS-AR can vary significantly based on experience. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with extensive sales experience and specialized skills can command higher salaries. The percentile gaps in earnings between junior and senior roles signify clear career progression pathways, rewarding accumulated expertise and performance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $22,850 | $11 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $26,303 | $12.6 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $30,200 | $14.5 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $43,838 | $21.1 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $46,470 | $22.3 |
Detailed Retail Salespersons Market Analysis
Relocation Context
Nominal Salary
$35,070
Gross Pay
Real Wage (Purchasing Power)
$35,070
Adjusted for COL (100)
A nominal salary of $35,070 in Memphis, TN-MS-AR aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of a Retail Salesperson's income in Memphis is comparable to that of someone earning the national average elsewhere. While the salary is slightly below the national average, the cost of living being on par suggests that the take-home pay offers a similar standard of living.
Job Market Context
15,920
Total Jobs
25.678
Per 1K Jobs
1.04
Location Quotient
With a location quotient of 1.04, Memphis, TN-MS-AR has a slightly higher-than-average concentration of Retail Salespersons roles compared to the national norm.
The Location Quotient of 1.04 for Retail Salespersons in Memphis, TN-MS-AR indicates a market that is slightly more concentrated than the national average. This suggests that the demand for these roles is robust and potentially outpaces the national trend, making the job market competitive but also offering good opportunities for skilled individuals. The abundance of jobs relative to the national average implies a healthy sector within the Memphis economy.
Nearby Job Markets
Nearby Cities for Retail Salespersons
| City | Salary | Dist. |
|---|---|---|
| Jonesboro, AR Retail Salespersons Salary | $33,330↓ 5% | 64 mi |
| Jackson, TN Retail Salespersons Salary | $33,690↓ 4% | 74 mi |
Comparing salaries near Memphis, TN-MS-AR
Hiring Retail Salespersonss?
Frequently Asked Questions
How much does a Retail Salespersons make in Memphis, TN-MS-AR?
The median annual salary for a Retail Salespersons in Memphis, TN-MS-AR is $35,070. This typically ranges from $22,850 for entry-level positions to $46,470 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Memphis, TN-MS-AR is 5.6% lower than the national median of $37,150.
Is Memphis, TN-MS-AR a lucrative place for Retail Salespersons?
No, not significantly more lucrative than the national average.The average salary of $35,070 is slightly below the national average, though the cost of living is also at the national average, offering comparable purchasing power.
Is Memphis, TN-MS-AR a good place to live for Retail Salespersons?
The Cost of Living Index in Memphis, TN-MS-AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Memphis, TN-MS-AR?
Some top paying nearby cities include Jonesboro, AR ($33,330) and Jackson, TN.
How does experience impact a Retail Salesperson's salary in Memphis?
Experience is a key driver of salary growth. Entry-level positions offer lower pay, while senior roles with proven sales records and specialized skills command significantly higher compensation, reflecting career progression.
What is the significance of the Location Quotient in Memphis?
A Location Quotient of 1.04 suggests that Retail Salesperson roles are slightly more concentrated in Memphis than the national average, indicating a healthy demand and potentially more job availability compared to other regions.
How does the cost of living in Memphis affect salary expectations?
With a Cost of Living Index of 100, Memphis is on par with the national average. This means the $35,070 salary provides a similar standard of living to what a national average salary would offer elsewhere.
Are there many Retail Salesperson jobs in Memphis?
Yes, with 15,920 Retail Salespersons and 25.678 jobs per 1,000 workers, the Memphis area has a substantial and active job market for this profession.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 15,920 employees in the Memphis, TN-MS-AR area with a job density of 25.678 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 Memphis, TN-MS-AR