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Average Retail Salespersons Salary in Minot, ND

Retail Salespersons in Minot, North Dakota, command an average annual salary of $39,040. This figure slightly surpasses the national average of $37,150, indicating a localized demand that slightly elevates compensation. Factors such as the specific retail landscape and the concentration of these roles within the Minot economy contribute to this pay differential.

Executive Summary

  • Average Salary: $39,040 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $56,330.
  • Outlook: Minot, ND, hosts a robust local workforce of 1,200 Retail Salespersons, with a significant Location Quotient of 1.45. This concentration suggests a higher-than-average presence of these roles relative to the national distribution, pointing to a stable and potentially growing job market for retail sales professionals in the area.
2024 Market Data

Salary Overview

$39,040

The average Retail Salespersons in Minot, ND earns+5.1%above the national average.

BreakdownBased on 40h/week
Hourly

$18.8

Weekly

$751

Monthly

$3,253

Retail Salespersons Salary Distribution in Minot, ND

The salary trajectory for Retail Salespersons in Minot, ND, typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with proven sales records and advanced customer service skills can command significantly higher earnings. The percentile gaps in salary distribution reflect this career progression, with senior roles occupying the upper echelons of compensation.

Experience LevelMarket PercentileAnnual WageHourly Rate
SDR / BDRLead generation, prospecting, cold calling.10% (Entry)$27,450$13.2
Account ExecutiveClosing deals, managing small-mid market clients.25% (Junior)$29,280$14.1
Senior AEHandling enterprise clients and complex negotiations.50% (Median)$35,450$17
Sales ManagerManaging a team of reps, setting quotas & strategy.75% (Senior)$48,800$23.5
VP of SalesRevenue strategy, expansion, C-suite relationships.90% (Expert)$56,330$27.1

Detailed Retail Salespersons Market Analysis

Relocation Context

Nominal Salary

$39,040

Gross Pay

Real Wage (Purchasing Power)

$39,040

Adjusted for COL (100)

With an average annual salary of $39,040 and a Cost of Living Index of 100, the nominal income in Minot, ND, directly aligns with the national average cost of living. This means that the purchasing power of a Retail Salesperson's salary in Minot is comparable to that of their counterparts across the United States, offering a stable financial footing.

Job Market Context

1,200

Total Jobs

35.707

Per 1K Jobs

1.45

Location Quotient

Above Average

With a location quotient of 1.45, Minot, ND has a slightly higher-than-average concentration of Retail Salespersons roles compared to the national norm.

The Location Quotient of 1.45 for Retail Salespersons in Minot, ND, signifies a notable concentration of this profession compared to the national average. This suggests a market where these roles are more prevalent, potentially leading to increased competition for job openings but also indicating a strong underlying demand for retail talent within the local economy.

Nearby Job Markets

Nearby Cities for Retail Salespersons

CitySalaryDist.
West North Dakota nonmetropolitan area Retail Salespersons Salary$40,080↑ 3%85 mi
East North Dakota nonmetropolitan area Retail Salespersons Salary$41,530↑ 6%85 mi

Comparing salaries near Minot, ND

Hiring Retail Salespersonss?

Frequently Asked Questions

How much does a Retail Salespersons make in Minot, ND?

The median annual salary for a Retail Salespersons in Minot, ND is $39,040. This typically ranges from $27,450 for entry-level positions to $56,330 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Minot, ND is 5.1% higher than the national median of $37,150.

Is Minot, ND a lucrative place for Retail Salespersons?

Yes, with a stable outlook.Retail Salespersons in Minot earn slightly above the national average salary, and the cost of living is on par with the national average, offering good purchasing power.

Is Minot, ND a good place to live for Retail Salespersons?

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

Where are the highest paying cities near Minot, ND?

Some top paying nearby cities include West North Dakota nonmetropolitan area ($40,080) and East North Dakota nonmetropolitan area.

How does the Minot Retail Salesperson salary compare to the national average?

The average annual salary for Retail Salespersons in Minot, ND, is $39,040, which is $1,890 higher than the national average of $37,150.

What is the significance of the Location Quotient in Minot?

A Location Quotient of 1.45 indicates that Retail Salespersons are 45% more concentrated in Minot, ND, than the national average, suggesting a higher demand or a more specialized market for these roles.

How does the cost of living affect the salary in Minot?

Minot's Cost of Living Index is 100, matching the national average. This means the $39,040 salary provides purchasing power equivalent to the national average, making it a stable financial environment.

What is the total number of Retail Salespersons in Minot?

There are approximately 1,200 Retail Salespersons employed in Minot, North Dakota, contributing to 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 1,200 employees in the Minot, ND area with a job density of 35.707 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 Minot, ND