Average Sales and Related Occupations Salary in Traverse City, MI
In Traverse City, MI, professionals in Sales and Related Occupations earn an average annual salary of $46,100. This figure is notably below the national average of $54,110, suggesting that local market dynamics, industry concentration, and potentially regional economic factors influence compensation levels in this Michigan locale.
Executive Summary
- Average Salary: $46,100 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $76,140.
- Outlook: Traverse City supports a substantial workforce of 6,770 individuals in Sales and Related Occupations. The location quotient of 1.16 indicates a slightly higher concentration of these roles compared to the national average, suggesting a stable and established demand for sales professionals within the local economy.
Salary Overview
The average Sales and Related Occupations in Traverse City, MI earns-14.8%below the national average.
$22.2
$887
$3,842
Sales and Related Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that sales occupations in Traverse City have experienced salary growth over the past four years, mirroring national trends of increasing compensation driven by inflation, market demand, and evolving sales strategies. This general upward trajectory likely benefits professionals in this field.
Sales and Related Occupations Salary Distribution in Traverse City, MI
Career progression in Sales and Related Occupations typically involves a significant salary increase from entry-level to senior positions. The widening gap between lower and higher salary percentiles reflects the value placed on experience, specialized skills, and proven performance, offering a clear path for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $27,230 | $13.1 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $34,575 | $16.6 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $35,670 | $17.1 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $57,625 | $27.7 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $76,140 | $36.6 |
Detailed Sales and Related Occupations Market Analysis
Relocation Context
Nominal Salary
$46,100
Gross Pay
Real Wage (Purchasing Power)
$46,100
Adjusted for COL (100)
The average annual salary of $46,100 in Traverse City aligns precisely with the national average cost of living (index of 100). This means that while the nominal salary is lower than the national average, the purchasing power of this income is comparable to the national standard, making relocation financially neutral from a cost-of-living perspective.
Job Market Context
6,770
Total Jobs
100.686
Per 1K Jobs
1.16
Location Quotient
With a location quotient of 1.16, Traverse City, MI has a slightly higher-than-average concentration of Sales and Related Occupations roles compared to the national norm.
With a location quotient of 1.16, Traverse City exhibits a slightly higher concentration of Sales and Related Occupations than the national average. This suggests a moderately competitive market where demand is present and potentially growing, offering opportunities for skilled professionals but also indicating a need to stand out among peers.
Nearby Job Markets
Hiring Sales and Related Occupationss?
Frequently Asked Questions
How much does a Sales and Related Occupations make in Traverse City, MI?
The median annual salary for a Sales and Related Occupations in Traverse City, MI is $46,100. This typically ranges from $27,230 for entry-level positions to $76,140 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Traverse City, MI is 14.8% lower than the national median of $54,110.
Is Traverse City, MI a lucrative place for Sales and Related Occupationss?
No, not exceptionally lucrative compared to national averages.The average salary of $46,100 is below the national average, although the cost of living is on par. This indicates that while your earnings will have comparable purchasing power, the absolute salary is lower than the national benchmark.
Is Traverse City, MI a good place to live for Sales and Related Occupations?
The Cost of Living Index in Traverse City, MI is 100. While higher than average, this often correlates with higher wages.
How does the cost of living in Traverse City compare nationally?
Traverse City's cost of living index is 100, which is exactly the national average. This means that the general expenses for goods, services, and housing are comparable to the U.S. average.
What does a location quotient of 1.16 mean for sales jobs?
A location quotient of 1.16 signifies that Traverse City has 16% more Sales and Related Occupations jobs per worker than the national average. This indicates a slightly higher concentration and potentially stronger local demand for these roles.
How many sales jobs are there per 1,000 workers in Traverse City?
There are approximately 100.69 sales jobs per 1,000 workers in Traverse City, MI, which is a solid indicator of the sector's presence within the local employment landscape.
Is the sales job market in Traverse City growing?
While specific growth rates aren't provided, the location quotient of 1.16 suggests a stable to potentially growing market for sales professionals, as the concentration is higher than the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,770 employees in the Traverse City, MI area with a job density of 100.686 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 Traverse City, MI