Average Sales and Related Occupations Salary in Binghamton, NY
In Binghamton, NY, professionals in Sales and Related Occupations earn an average annual salary of $48,110. This figure is notably below the national average of $54,110, suggesting that local market dynamics, industry concentration, and regional economic factors influence compensation levels in this area. The specific economic landscape of Binghamton plays a crucial role in shaping these salary outcomes.
Executive Summary
- Average Salary: $48,110 per year.
- Growth Trend: Salaries have shifted 24.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $78,860.
- Outlook: Binghamton, NY supports a substantial workforce of 7,520 individuals in Sales and Related Occupations. The location quotient of 0.9 indicates that this sector is nearly as concentrated as the national average, suggesting a stable and established presence of sales roles within the local economy. With approximately 78 sales jobs per 1,000 workers, the demand appears consistent with broader national trends, pointing to a steady job market for sales professionals.
Salary Overview
The average Sales and Related Occupations in Binghamton, NY earns-11.1%below the national average.
$23.1
$925
$4,009
Sales and Related Occupations Salary Trends (2020-2024)
While specific historical data for Binghamton's sales sector growth isn't provided, it's reasonable to assume a general upward trend in salaries over the past four years, mirroring national economic recovery and inflation. This growth is typically driven by increased demand for sales expertise, evolving sales strategies, and the general rise in the cost of living, which often prompts employers to adjust compensation packages to remain competitive.
Sales and Related Occupations Salary Distribution in Binghamton, NY
Career progression in Sales and Related Occupations within Binghamton, NY, typically involves a significant salary increase from entry-level to senior positions. While exact figures vary, experienced professionals often command higher salaries due to their proven track record, specialized skills, and ability to generate greater revenue. The percentile gaps in earnings between junior and senior roles signify clear opportunities for career advancement and substantial income growth.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $31,200 | $15 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $36,083 | $17.3 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $35,570 | $17.1 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $60,138 | $28.9 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $78,860 | $37.9 |
Detailed Sales and Related Occupations Market Analysis
Relocation Context
Nominal Salary
$48,110
Gross Pay
Real Wage (Purchasing Power)
$48,110
Adjusted for COL (100)
The average annual salary of $48,110 in Binghamton, NY, aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of a Binghamton-based sales professional's income is equivalent to that of their national counterpart. While the nominal salary is lower than the national average, the balanced cost of living suggests that the take-home pay offers comparable living standards.
Job Market Context
7,520
Total Jobs
78.052
Per 1K Jobs
0.9
Location Quotient
Binghamton, NY has 0.90x the national average concentration of Sales and Related Occupations 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 0.9, Binghamton, NY, exhibits a sales and related occupations market that is closely aligned with the national average in terms of concentration. This suggests a moderately competitive environment where the number of sales professionals is proportionate to the overall workforce. While not significantly over- or under-represented, this equilibrium indicates a healthy and stable job market without extreme saturation or scarcity.
Nearby Job Markets
Nearby Cities for Sales and Related Occupations
| City | Salary | Dist. |
|---|---|---|
| Ithaca, NY Sales and Related Occupations Salary | $48,430↑ 1% | 39 mi |
| Elmira, NY Sales and Related Occupations Salary | $47,640↓ 1% | 46 mi |
| Southwest New York nonmetropolitan area Sales and Related Occupations Salary | $45,740↓ 5% | 49 mi |
| Central East New York nonmetropolitan area Sales and Related Occupations Salary | $47,780↓ 1% | 49 mi |
| Capital/Northern New York nonmetropolitan area Sales and Related Occupations Salary | $45,040↓ 6% | 49 mi |
Comparing salaries near Binghamton, NY
Hiring Sales and Related Occupationss?
Frequently Asked Questions
How much does a Sales and Related Occupations make in Binghamton, NY?
The median annual salary for a Sales and Related Occupations in Binghamton, NY is $48,110. This typically ranges from $31,200 for entry-level positions to $78,860 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Binghamton, NY is 11.1% lower than the national median of $54,110.
Is Binghamton, NY a lucrative place for Sales and Related Occupationss?
No, not exceptionally lucrative compared to national averages.The average salary of $48,110 is below the national average of $54,110, although the cost of living is also at the national average. This indicates that while your earnings may not stretch further, they also won't be significantly hampered by high living expenses.
Is Binghamton, NY a good place to live for Sales and Related Occupations?
The Cost of Living Index in Binghamton, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Binghamton, NY?
Some top paying nearby cities include Ithaca, NY ($48,430) and Elmira, NY.
How does experience affect salary for Sales and Related Occupations in Binghamton?
Experience significantly impacts earning potential, with senior roles commanding higher salaries than entry-level positions due to accumulated skills and proven performance.
What is the job market like for Sales and Related Occupations in Binghamton?
The market is stable, with a concentration of sales roles nearly matching the national average and a solid number of jobs per capita, indicating consistent demand.
Does the cost of living in Binghamton impact the value of the average salary?
No, the cost of living in Binghamton is at the national average, meaning the $48,110 salary has purchasing power equivalent to the national average.
Are there many Sales and Related Occupations jobs in Binghamton compared to other areas?
Binghamton has a comparable concentration of sales jobs to the national average, with 78.052 jobs per 1,000 workers, suggesting a balanced market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 7,520 employees in the Binghamton, NY area with a job density of 78.052 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Sales and Related Occupations • Data source: BLS OEWS 2024 •Jobs in Binghamton, NY