Average Retail Salespersons Salary in Richmond, VA
In Richmond, VA, Retail Salespersons earn an average annual salary of $35,540. This figure is slightly below the national average of $37,150, indicating a localized compensation structure influenced by regional economic factors and the specific demands of the Richmond market. While the pay may differ from national benchmarks, it reflects the unique economic landscape of the area.
Executive Summary
- Average Salary: $35,540 per year.
- Growth Trend: Salaries have shifted 21.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $46,590.
- Outlook: Richmond boasts a substantial local workforce of 16,180 Retail Salespersons, with a location quotient of 1.01, suggesting a market that is closely aligned with the national average in terms of concentration. The presence of 24.775 jobs per 1,000 workers indicates a stable and consistent demand for these roles within the city's retail sector, pointing to a robust job market.
Salary Overview
The average Retail Salespersons in Richmond, VA earns-4.3%below the national average.
$17.1
$683
$2,962
Retail Salespersons Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Retail Salespersons in Richmond, VA, have experienced gradual growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving retail strategies likely contribute to incremental increases in compensation, aiming to keep pace with the cost of living and attract talent.
Retail Salespersons Salary Distribution in Richmond, VA
Career progression for Retail Salespersons in Richmond typically involves a salary increase with experience. Entry-level positions may start at the lower end of the pay scale, while seasoned professionals with extensive sales experience and proven track records can command significantly higher salaries, often reaching into the upper percentiles. These percentile gaps highlight the tangible rewards of career advancement and skill development in the retail field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $27,430 | $13.2 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $26,655 | $12.8 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $31,240 | $15 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $44,425 | $21.4 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $46,590 | $22.4 |
Detailed Retail Salespersons Market Analysis
Relocation Context
Nominal Salary
$35,540
Gross Pay
Real Wage (Purchasing Power)
$35,540
Adjusted for COL (100)
The average annual salary of $35,540 in Richmond, VA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Retail Salesperson's salary in Richmond is equivalent to the national standard, suggesting that the nominal salary offers a comparable lifestyle to that experienced elsewhere in the country.
Job Market Context
16,180
Total Jobs
24.775
Per 1K Jobs
1.01
Location Quotient
With a location quotient of 1.01, Richmond, VA has a slightly higher-than-average concentration of Retail Salespersons roles compared to the national norm.
With a location quotient of 1.01, Richmond's market for Retail Salespersons is nearly identical to the national average in terms of job concentration. This indicates a balanced job market where the number of retail sales positions is neither significantly over-represented nor under-represented compared to the rest of the country, suggesting a competitive but stable environment for job seekers.
Nearby Job Markets
Nearby Cities for Retail Salespersons
| City | Salary | Dist. |
|---|---|---|
| Southside Virginia nonmetropolitan area Retail Salespersons Salary | $34,130↓ 4% | 41 mi |
| Northern West Virginia nonmetropolitan area Retail Salespersons Salary | $29,720↓ 16% | 41 mi |
| Southwest Virginia nonmetropolitan area Retail Salespersons Salary | $34,510↓ 3% | 41 mi |
| Northwest Virginia nonmetropolitan area Retail Salespersons Salary | $35,650↑ 0% | 41 mi |
| Southern West Virginia nonmetropolitan area Retail Salespersons Salary | $29,970↓ 16% | 41 mi |
Comparing salaries near Richmond, VA
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Frequently Asked Questions
How much does a Retail Salespersons make in Richmond, VA?
The median annual salary for a Retail Salespersons in Richmond, VA is $35,540. This typically ranges from $27,430 for entry-level positions to $46,590 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Richmond, VA is 4.3% lower than the national median of $37,150.
Is Richmond, VA a lucrative place for Retail Salespersons?
No, not significantly more lucrative than the national average.The average salary of $35,540 is slightly below the national average, and the cost of living is exactly at the national average. This indicates that while the job market is stable, it does not offer a substantial financial advantage over other regions.
Is Richmond, VA a good place to live for Retail Salespersons?
The Cost of Living Index in Richmond, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Richmond, VA?
Some top paying nearby cities include Southside Virginia nonmetropolitan area ($34,130) and Northern West Virginia nonmetropolitan area.
How does the number of retail jobs in Richmond compare nationally?
Richmond has 24.775 retail sales jobs per 1,000 workers, which is very close to the national average, indicating a stable and consistent demand for these roles.
What is the impact of experience on a Retail Salesperson's salary in Richmond?
Experience plays a crucial role, with entry-level positions earning less and senior roles commanding higher salaries, reflecting career growth and skill development.
Is the cost of living in Richmond a factor for Retail Salespersons?
The cost of living in Richmond is exactly at the national average (100), meaning the $35,540 salary has the same purchasing power as the national average salary.
How concentrated is the Retail Salesperson job market in Richmond?
The concentration, measured by the location quotient of 1.01, shows that Richmond's retail sales job market is very similar to the national average, indicating a balanced supply and demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 16,180 employees in the Richmond, VA area with a job density of 24.775 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 Richmond, VA