Average Sales and Related Occupations Salary in Memphis, TN-MS-AR
In Memphis, TN-MS-AR, professionals in Sales and Related Occupations earn an average annual salary of $46,030. This figure is notably below the national average of $54,110, reflecting regional economic factors and local market dynamics. The specific economic landscape of the Memphis metropolitan area influences compensation levels for sales roles.
Executive Summary
- Average Salary: $46,030 per year.
- Growth Trend: Salaries have shifted 11.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $80,000.
- Outlook: The Memphis, TN-MS-AR region supports a substantial workforce in Sales and Related Occupations, with 50,390 individuals employed in this sector. The Location Quotient of 0.94 suggests that this sector is nearly as concentrated as the national average, indicating a stable and present demand for sales professionals within the local economy.
Salary Overview
The average Sales and Related Occupations in Memphis, TN-MS-AR earns-14.9%below the national average.
$22.1
$885
$3,836
Sales and Related Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Sales and Related Occupations in Memphis have experienced gradual growth over the past four years, mirroring broader economic trends and inflation adjustments. This steady, albeit potentially modest, upward trend is typical for established job markets.
Sales and Related Occupations Salary Distribution in Memphis, TN-MS-AR
Career progression in Sales and Related Occupations typically involves a significant salary increase from entry-level to senior positions. The gap between lower and higher salary percentiles signifies the value placed on experience, specialized skills, and proven sales performance, offering a clear path for career advancement within the Memphis market.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $23,050 | $11.1 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $34,523 | $16.6 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $34,230 | $16.5 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $57,538 | $27.7 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $80,000 | $38.5 |
Detailed Sales and Related Occupations Market Analysis
Relocation Context
Nominal Salary
$46,030
Gross Pay
Real Wage (Purchasing Power)
$46,030
Adjusted for COL (100)
With an average annual salary of $46,030 and a Cost of Living Index of 100 (on par with the national average), the nominal income in Memphis for sales roles offers purchasing power equivalent to the national standard. This means that while the salary is lower than the national average, the cost of essential goods and services is also at the national benchmark.
Job Market Context
50,390
Total Jobs
81.253
Per 1K Jobs
0.94
Location Quotient
Memphis, TN-MS-AR has 0.94x 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.
The Location Quotient of 0.94 for Sales and Related Occupations in Memphis, TN-MS-AR indicates that the concentration of these jobs is slightly below the national average. This suggests that while sales roles are a significant part of the local job market, the industry is not disproportionately represented compared to other regions, implying a moderately competitive but accessible employment landscape.
Nearby Job Markets
Nearby Cities for Sales and Related Occupations
| City | Salary | Dist. |
|---|---|---|
| Jonesboro, AR Sales and Related Occupations Salary | $40,960↓ 11% | 64 mi |
| Jackson, TN Sales and Related Occupations Salary | $41,460↓ 10% | 74 mi |
Comparing salaries near Memphis, TN-MS-AR
Hiring Sales and Related Occupationss?
Frequently Asked Questions
How much does a Sales and Related Occupations make in Memphis, TN-MS-AR?
The median annual salary for a Sales and Related Occupations in Memphis, TN-MS-AR is $46,030. This typically ranges from $23,050 for entry-level positions to $80,000 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Memphis, TN-MS-AR is 14.9% lower than the national median of $54,110.
Is Memphis, TN-MS-AR a lucrative place for Sales and Related Occupationss?
No, not exceptionally lucrative compared to national averages.The average salary of $46,030 is below the national average of $54,110, although the cost of living is on par with the national average.
Is Memphis, TN-MS-AR a good place to live for Sales and Related Occupations?
The Cost of Living Index in Memphis, TN-MS-AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Memphis, TN-MS-AR?
Some top paying nearby cities include Jonesboro, AR ($40,960) and Jackson, TN.
How does the Memphis sales job market compare to the national average in terms of concentration?
The Location Quotient of 0.94 indicates that Sales and Related Occupations are slightly less concentrated in Memphis compared to the national average, suggesting a stable but not overly saturated market.
What is the purchasing power of a $46,030 salary in Memphis?
With a Cost of Living Index of 100, the $46,030 salary in Memphis offers purchasing power equivalent to the national average, meaning your money goes as far as it would in a typical U.S. city.
How many people work in Sales and Related Occupations in Memphis?
There are 50,390 individuals employed in Sales and Related Occupations within the Memphis, TN-MS-AR metropolitan area.
Are sales jobs abundant in Memphis?
With 81.253 jobs per 1,000 workers, sales roles are a common employment sector in Memphis, reflecting a consistent demand for these professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 50,390 employees in the Memphis, TN-MS-AR area with a job density of 81.253 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 Memphis, TN-MS-AR