Average Retail Salespersons Salary in Southwest Colorado nonmetropolitan area
Retail Salespersons in the Southwest Colorado nonmetropolitan area earn an impressive average annual salary of $41,140, surpassing the national average of $37,150. This higher compensation is likely influenced by the region's specific economic drivers and the demand for skilled sales professionals in its unique market landscape.
Executive Summary
- Average Salary: $41,140 per year.
- Growth Trend: Salaries have shifted 19.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $54,360.
- Outlook: With a local workforce of 3,460 Retail Salespersons and a Location Quotient of 1.3, the job market in Southwest Colorado indicates a robust demand for these roles. The concentration exceeding the national average suggests that this sector is a significant component of the local economy, offering stable employment opportunities.
Salary Overview
The average Retail Salespersons in Southwest Colorado nonmetropolitan area earns+10.7%above the national average.
$19.8
$791
$3,428
Retail Salespersons Salary Trends (2020-2024)
While specific historical data is not provided, it's reasonable to assume that salaries for Retail Salespersons in Southwest Colorado have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased consumer spending, and the evolving demands of the retail sector.
Retail Salespersons Salary Distribution in Southwest Colorado nonmetropolitan area
Career progression for Retail Salespersons in Southwest Colorado typically involves a salary increase with experience. Entry-level positions might start closer to the lower percentiles, while senior or specialized sales roles can command salaries in the higher percentiles, reflecting accumulated expertise and sales performance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $30,620 | $14.7 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $30,855 | $14.8 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $36,440 | $17.5 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $51,425 | $24.7 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $54,360 | $26.1 |
Detailed Retail Salespersons Market Analysis
Relocation Context
Nominal Salary
$41,140
Gross Pay
Real Wage (Purchasing Power)
$41,140
Adjusted for COL (100)
The average annual salary of $41,140 in Southwest Colorado aligns perfectly with the national average cost of living, indicated by an index of 100. This suggests that the nominal income translates directly to purchasing power, making relocation financially neutral from a cost-of-living perspective.
Job Market Context
3,460
Total Jobs
31.974
Per 1K Jobs
1.3
Location Quotient
With a location quotient of 1.30, Southwest Colorado nonmetropolitan area has a slightly higher-than-average concentration of Retail Salespersons roles compared to the national norm.
A Location Quotient of 1.3 signifies that Retail Salespersons are more concentrated in Southwest Colorado than the national average. This indicates a higher relative demand and potentially a more competitive market for employers seeking talent, while also suggesting a strong presence of these jobs within the local economy.
Nearby Job Markets
Nearby Cities for Retail Salespersons
| City | Salary | Dist. |
|---|---|---|
| Colorado Springs, CO Retail Salespersons Salary | $40,350↓ 2% | 32 mi |
| Denver-Aurora-Centennial, CO Retail Salespersons Salary | $42,280↑ 3% | 54 mi |
| Pueblo, CO Retail Salespersons Salary | $36,950↓ 10% | 66 mi |
| Boulder, CO Retail Salespersons Salary | $42,490↑ 3% | 67 mi |
| Greeley, CO Retail Salespersons Salary | $41,680↑ 1% | 98 mi |
Comparing salaries near Southwest Colorado nonmetropolitan area
Hiring Retail Salespersonss?
Frequently Asked Questions
How much does a Retail Salespersons make in Southwest Colorado nonmetropolitan area?
The median annual salary for a Retail Salespersons in Southwest Colorado nonmetropolitan area is $41,140. This typically ranges from $30,620 for entry-level positions to $54,360 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Colorado nonmetropolitan area is 10.7% higher than the national median of $37,150.
Is Southwest Colorado nonmetropolitan area a lucrative place for Retail Salespersons?
Yes, it offers above-average pay.Retail Salespersons in this area earn $41,140 annually, which is higher than the national average. Coupled with a cost of living that matches the national average, this makes the region financially attractive.
Is Southwest Colorado nonmetropolitan area a good place to live for Retail Salespersons?
The Cost of Living Index in Southwest Colorado nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Colorado nonmetropolitan area?
Some top paying nearby cities include Colorado Springs, CO ($40,350) and Denver-Aurora-Centennial, CO.
How does the local salary compare to the national average?
The average annual salary for Retail Salespersons in Southwest Colorado is $41,140, which is approximately $3,990 higher than the national average of $37,150.
What does the Location Quotient of 1.3 mean for job seekers?
A Location Quotient of 1.3 indicates that Retail Salespersons are more prevalent in Southwest Colorado compared to the national average, suggesting a stronger local job market and potentially more opportunities in this field.
How does the cost of living affect the salary in Southwest Colorado?
With a Cost of Living Index of 100, matching the national average, the $41,140 salary in Southwest Colorado offers purchasing power equivalent to the national standard, making it a fair compensation relative to expenses.
What is the total number of Retail Salespersons in this area?
The Southwest Colorado nonmetropolitan area employs a total of 3,460 Retail Salespersons, indicating a substantial presence of this profession within the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,460 employees in the Southwest Colorado nonmetropolitan area area with a job density of 31.974 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 Southwest Colorado nonmetropolitan area