Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in Albany-Schenectady-Troy, NY earn an average annual salary of $78,330. This figure is slightly below the national average of $81,290, suggesting a localized compensation structure influenced by regional economic factors and industry demand within the Capital Region.
Executive Summary
- Average Salary: $78,330 per year.
- Growth Trend: Salaries have shifted 17.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $131,610.
- Outlook: With a local workforce of 2,900 individuals in this specific role, Albany-Schenectady-Troy demonstrates a stable presence for Sales Representatives. The Location Quotient of 0.85 indicates a concentration slightly below the national average, suggesting that while the profession is present, it is not disproportionately concentrated, implying a steady but not explosive demand.
Salary Overview
The average Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in Albany-Schenectady-Troy, NY earns-3.6%below the national average.
$37.7
$1,506
$6,528
Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Sales Representatives of Services in Albany-Schenectady-Troy have experienced growth over the past four years, mirroring national trends of increasing compensation driven by inflation, evolving market demands, and the increasing complexity of service offerings.
Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel Salary Distribution in Albany-Schenectady-Troy, NY
Career progression for Sales Representatives of Services typically involves a significant salary increase from entry-level to senior positions. While exact figures vary, the gap between the lowest and highest earners often signifies a substantial jump, reflecting the acquisition of specialized skills, client portfolios, and proven sales performance that command higher compensation.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $39,960 | $19.2 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $58,748 | $28.2 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $65,300 | $31.4 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $97,913 | $47.1 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $131,610 | $63.3 |
Detailed Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel Market Analysis
Relocation Context
Nominal Salary
$78,330
Gross Pay
Real Wage (Purchasing Power)
$78,330
Adjusted for COL (100)
The average annual salary of $78,330 in Albany-Schenectady-Troy aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the salary in this region is equivalent to the national average, offering a stable financial standing without the premium often associated with higher cost-of-living areas.
Job Market Context
2,900
Total Jobs
6.55
Per 1K Jobs
0.85
Location Quotient
Albany-Schenectady-Troy, NY has 0.85x the national average concentration of Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.85 for Sales Representatives of Services in Albany-Schenectady-Troy suggests that the job market for this role is slightly less concentrated than the national average. This implies a balanced market where opportunities exist, but the competition might be less intense compared to regions with a higher concentration of these professionals.
Nearby Job Markets
Nearby Cities for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel
Comparing salaries near Albany-Schenectady-Troy, NY
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Frequently Asked Questions
How much does a Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel make in Albany-Schenectady-Troy, NY?
The median annual salary for a Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in Albany-Schenectady-Troy, NY is $78,330. This typically ranges from $39,960 for entry-level positions to $131,610 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany-Schenectady-Troy, NY is 3.6% lower than the national median of $81,290.
Is Albany-Schenectady-Troy, NY a lucrative place for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travels?
Moderately lucrative, with average earnings matching the national cost of living.The average salary of $78,330 is slightly below the national average, but the local cost of living is also at the national average, indicating stable purchasing power. The market concentration is slightly below average, suggesting a balanced job environment.
Is Albany-Schenectady-Troy, NY a good place to live for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travels?
The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albany-Schenectady-Troy, NY?
Some top paying nearby cities include Pittsfield, MA ($92,880) and Glens Falls, NY.
How does the Albany-Schenectady-Troy salary compare to the national average?
The average salary of $78,330 in Albany-Schenectady-Troy is approximately 3.6% lower than the national average of $81,290 for this role.
What is the significance of the Location Quotient (LQ) of 0.85?
An LQ of 0.85 means that the concentration of Sales Representatives of Services in Albany-Schenectady-Troy is 15% lower than the national average, indicating a slightly less specialized local job market for this profession.
How does the Cost of Living Index affect the salary's value?
With a Cost of Living Index of 100, the $78,330 salary in Albany-Schenectady-Troy has the same purchasing power as the national average salary in a national average cost of living area.
What is the total number of Sales Representatives of Services in the Albany area?
There are approximately 2,900 individuals employed as Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in the Albany-Schenectady-Troy, NY metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,900 employees in the Albany-Schenectady-Troy, NY area with a job density of 6.55 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 Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY