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Average Sales and Related Occupations Salary in Farmington, NM

In Farmington, NM, professionals in Sales and Related Occupations earn an average annual salary of $40,650. This figure is notably below the national average of $54,110, reflecting regional economic factors and the specific demand within the local market. The compensation landscape in Farmington is shaped by a unique interplay of local industry needs and workforce dynamics.

Executive Summary

  • Average Salary: $40,650 per year.
  • Growth Trend: Salaries have shifted 16.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $63,000.
  • Outlook: Farmington, NM supports a substantial workforce in Sales and Related Occupations, with 3,960 individuals employed in this sector. The Location Quotient of 0.99 indicates that this field is nearly as concentrated as the national average, suggesting a stable and consistent presence of sales roles within the local economy. With 85.984 jobs per 1,000 workers, the market demonstrates a solid demand for sales professionals.
2024 Market Data

Salary Overview

$40,650

The average Sales and Related Occupations in Farmington, NM earns-24.9%below the national average.

BreakdownBased on 40h/week
Hourly

$19.5

Weekly

$782

Monthly

$3,388

Sales and Related Occupations Salary Distribution in Farmington, NM

Salary progression within Sales and Related Occupations in Farmington, NM, typically sees significant increases with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with proven track records and advanced skills can command substantially higher salaries. The widening gap between entry-level and senior-level pay percentiles clearly signifies opportunities for career advancement and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
SDR / BDRLead generation, prospecting, cold calling.10% (Entry)$26,810$12.9
Account ExecutiveClosing deals, managing small-mid market clients.25% (Junior)$30,488$14.7
Senior AEHandling enterprise clients and complex negotiations.50% (Median)$31,440$15.1
Sales ManagerManaging a team of reps, setting quotas & strategy.75% (Senior)$50,813$24.4
VP of SalesRevenue strategy, expansion, C-suite relationships.90% (Expert)$63,000$30.3

Detailed Sales and Related Occupations Market Analysis

Relocation Context

Nominal Salary

$40,650

Gross Pay

Real Wage (Purchasing Power)

$40,650

Adjusted for COL (100)

The average annual salary of $40,650 in Farmington, NM, aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of a Farmington sales professional's income is equivalent to that of a sales professional earning the national average in a location with average living expenses. Therefore, the nominal salary effectively translates to a comparable standard of living.

Job Market Context

3,960

Total Jobs

85.984

Per 1K Jobs

0.99

Location Quotient

Below Average

Farmington, NM has 0.99x 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 0.99, the market for Sales and Related Occupations in Farmington, NM, is closely aligned with the national average in terms of concentration. This suggests a balanced job market where demand and supply are relatively stable. Professionals are unlikely to face extreme competition or scarcity, indicating a predictable and steady environment for sales careers.

Nearby Job Markets

Hiring Sales and Related Occupationss?

Frequently Asked Questions

How much does a Sales and Related Occupations make in Farmington, NM?

The median annual salary for a Sales and Related Occupations in Farmington, NM is $40,650. This typically ranges from $26,810 for entry-level positions to $63,000 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Farmington, NM is 24.9% lower than the national median of $54,110.

Is Farmington, NM a lucrative place for Sales and Related Occupationss?

No, not significantly more lucrative than the national average.The average salary of $40,650 is below the national average of $54,110, though the cost of living is also at the national average, making the purchasing power comparable.

Is Farmington, NM a good place to live for Sales and Related Occupations?

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

How does the Farmington sales job market compare to the national average?

The Farmington sales job market is very similar to the national average in terms of concentration (LQ of 0.99), but the average salary is lower than the national average.

What is the cost of living in Farmington, NM for sales professionals?

The cost of living in Farmington, NM is exactly at the national average (index of 100), meaning expenses are neither significantly higher nor lower than the typical US city.

How many sales jobs are there per 1,000 workers in Farmington, NM?

There are approximately 85.984 sales jobs per 1,000 workers in Farmington, NM, indicating a solid presence of these roles within the local workforce.

Does experience impact salary for sales roles in Farmington, NM?

Yes, like most sales positions, experience significantly impacts earning potential, with senior roles commanding higher salaries than entry-level positions.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,960 employees in the Farmington, NM area with a job density of 85.984 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Sales and Related Occupations • Data source: BLS OEWS 2024 •Jobs in Farmington, NM