Average Sales and Related Occupations Salary in Hot Springs, AR
In Hot Springs, AR, professionals in Sales and Related Occupations earn an average annual salary of $38,510. This figure is notably below the national average of $54,110, indicating that local market dynamics and economic factors specific to Hot Springs influence compensation levels for these roles. The cost of living in Hot Springs aligns perfectly with the national average, suggesting that while nominal wages are lower, purchasing power remains consistent.
Executive Summary
- Average Salary: $38,510 per year.
- Growth Trend: Salaries have shifted 16.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $60,910.
- Outlook: The local market for Sales and Related Occupations in Hot Springs, AR, shows a moderate concentration, with a Location Quotient of 1.29, suggesting a slightly higher prevalence of these roles compared to the national average. Employing 4,220 individuals, this sector represents a significant portion of the local workforce, with 111.418 jobs per 1,000 workers, indicating a stable demand for sales professionals within the region.
Salary Overview
The average Sales and Related Occupations in Hot Springs, AR earns-28.8%below the national average.
$18.5
$741
$3,209
Sales and Related Occupations Salary Trends (2020-2024)
While specific historical data for Hot Springs' sales sector 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 would likely be influenced by evolving sales strategies, increased demand for skilled professionals, and the general economic climate of Arkansas.
Sales and Related Occupations Salary Distribution in Hot Springs, AR
Within the Sales and Related Occupations field in Hot Springs, AR, salary progression is typically tied to experience and demonstrated performance. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with a proven track record and specialized skills can command significantly higher salaries. The variance in earnings across different experience levels, often reflected in salary percentiles, highlights clear pathways for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $23,270 | $11.2 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $28,883 | $13.9 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $29,600 | $14.2 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $48,138 | $23.1 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $60,910 | $29.3 |
Detailed Sales and Related Occupations Market Analysis
Relocation Context
Nominal Salary
$38,510
Gross Pay
Real Wage (Purchasing Power)
$38,510
Adjusted for COL (100)
The average annual salary of $38,510 in Hot Springs, AR, is positioned against a Cost of Living Index of 100, which is precisely the national average. This means that while the nominal income is lower than the national average for Sales and Related Occupations, the purchasing power of this salary within Hot Springs is equivalent to the national average. Therefore, the lower salary is offset by the comparable cost of living, making the take-home pay's real value consistent with national standards.
Job Market Context
4,220
Total Jobs
111.418
Per 1K Jobs
1.29
Location Quotient
With a location quotient of 1.29, Hot Springs, AR has a slightly higher-than-average concentration of Sales and Related Occupations roles compared to the national norm.
With a Location Quotient of 1.29, Hot Springs, AR, exhibits a slightly higher concentration of Sales and Related Occupations compared to the national average. This suggests that the job market in this sector is relatively robust and potentially more competitive than in other regions, as there are more opportunities available per capita relative to the rest of the country. This concentration indicates a steady demand for sales talent within the local economy.
Nearby Job Markets
Nearby Cities for Sales and Related Occupations
| City | Salary | Dist. |
|---|---|---|
| Little Rock-North Little Rock-Conway, AR Sales and Related Occupations Salary | $44,750↑ 16% | 43 mi |
| South Arkansas nonmetropolitan area Sales and Related Occupations Salary | $37,720↓ 2% | 51 mi |
| North Arkansas nonmetropolitan area Sales and Related Occupations Salary | $37,310↓ 3% | 51 mi |
| West Arkansas nonmetropolitan area Sales and Related Occupations Salary | $36,240↓ 6% | 51 mi |
| East Arkansas nonmetropolitan area Sales and Related Occupations Salary | $38,070↓ 1% | 51 mi |
Comparing salaries near Hot Springs, AR
Hiring Sales and Related Occupationss?
Frequently Asked Questions
How much does a Sales and Related Occupations make in Hot Springs, AR?
The median annual salary for a Sales and Related Occupations in Hot Springs, AR is $38,510. This typically ranges from $23,270 for entry-level positions to $60,910 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hot Springs, AR is 28.8% lower than the national median of $54,110.
Is Hot Springs, AR a lucrative place for Sales and Related Occupationss?
No, not in terms of nominal salary compared to the national average.While the average salary of $38,510 is below the national average, the cost of living in Hot Springs is also at the national average, meaning the purchasing power of the salary is comparable.
Is Hot Springs, AR a good place to live for Sales and Related Occupations?
The Cost of Living Index in Hot Springs, AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Hot Springs, AR?
Some top paying nearby cities include Little Rock-North Little Rock-Conway, AR ($44,750) and South Arkansas nonmetropolitan area.
How does the Hot Springs sales salary compare to the national average?
The average annual salary for Sales and Related Occupations in Hot Springs, AR is $38,510, which is significantly lower than the national average of $54,110.
What is the concentration of Sales jobs in Hot Springs, AR?
Hot Springs, AR has a Location Quotient of 1.29 for Sales and Related Occupations, indicating a slightly higher concentration of these jobs compared to the national average.
How does the cost of living in Hot Springs affect the salary?
The Cost of Living Index in Hot Springs is 100, which is the national average. This means that the lower nominal salary of $38,510 has a purchasing power equivalent to the national average.
How many Sales and Related Occupations jobs are there in Hot Springs, AR?
There are approximately 4,220 individuals employed in Sales and Related Occupations in Hot Springs, AR, representing 111.418 jobs per 1,000 workers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,220 employees in the Hot Springs, AR area with a job density of 111.418 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 Hot Springs, AR