Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in Binghamton, NY, earn an average annual salary of $74,170. This figure is notably below the national average of $81,290, suggesting that local market dynamics, such as industry demand and regional economic factors, play a significant role in compensation levels within this specific metropolitan area.
Executive Summary
- Average Salary: $74,170 per year.
- Growth Trend: Salaries have shifted 48.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $127,930.
- Outlook: The job market for Sales Representatives of Services in Binghamton, NY, appears to be moderately concentrated, with a Location Quotient of 0.53 indicating a presence that is less than half the national average. While the total local workforce of 400 professionals in this role suggests a stable, albeit not expansive, employment base, the lower concentration implies that opportunities may be less abundant compared to national trends, requiring a focused approach for job seekers.
Salary Overview
The average Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in Binghamton, NY earns-8.8%below the national average.
$35.7
$1,426
$6,181
Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel Salary Trends (2020-2024)
While specific historical data for Binghamton is not provided, it is generally assumed that the compensation for Sales Representatives of Services has experienced a steady upward trend over the past four years, mirroring national economic growth and evolving sales methodologies. This growth is typically driven by inflation, increased demand for specialized services, and the continuous need for skilled sales professionals to drive business revenue.
Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel Salary Distribution in Binghamton, NY
Salary progression for Sales Representatives of Services in Binghamton, NY, typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with a proven track record can command salaries in the upper percentiles, reflecting their ability to close deals and manage client relationships effectively. The widening gap between entry-level and senior-level salaries underscores the value of experience and expertise in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $36,970 | $17.8 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $55,628 | $26.7 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $62,960 | $30.3 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $92,713 | $44.6 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $127,930 | $61.5 |
Detailed Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel Market Analysis
Relocation Context
Nominal Salary
$74,170
Gross Pay
Real Wage (Purchasing Power)
$74,170
Adjusted for COL (100)
The nominal average salary of $74,170 in Binghamton, NY, aligns precisely with the national average cost of living index of 100. This means that the purchasing power of a Binghamton-based Sales Representative's salary is equivalent to that of a professional earning the national average salary in a location with average living expenses, offering a balanced financial standing.
Job Market Context
400
Total Jobs
4.114
Per 1K Jobs
0.53
Location Quotient
Binghamton, NY has 0.53x 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.
With a Location Quotient of 0.53, Binghamton, NY, exhibits a lower concentration of Sales Representatives of Services compared to the national average. This suggests that the market is less saturated, potentially offering a competitive edge for skilled professionals. However, it also implies that the overall demand for these roles might be more limited than in areas with a higher concentration, making it crucial for individuals to assess specific industry needs within the region.
Nearby Job Markets
Nearby Cities for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel
Comparing salaries near Binghamton, NY
Hiring Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travels?
Frequently Asked Questions
How much does a Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel make in Binghamton, NY?
The median annual salary for a Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in Binghamton, NY is $74,170. This typically ranges from $36,970 for entry-level positions to $127,930 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Binghamton, NY is 8.8% lower than the national median of $81,290.
Is Binghamton, NY a lucrative place for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travels?
No, not particularly lucrative compared to the national average.While the cost of living is average, the average salary of $74,170 is below the national average of $81,290, and the job market concentration is less than half the national average.
Is Binghamton, NY a good place to live for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travels?
The Cost of Living Index in Binghamton, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Binghamton, NY?
Some top paying nearby cities include Ithaca, NY ($81,210) and Elmira, NY.
How does the Binghamton salary compare to the national average?
The average salary for Sales Representatives of Services in Binghamton, NY, is $74,170, which is lower than the national average of $81,290.
What is the cost of living in Binghamton, NY for this role?
The cost of living in Binghamton, NY, is exactly at the national average, indicated by an index of 100.
How concentrated is the job market for this role in Binghamton?
The job market in Binghamton is less concentrated than the national average, with a Location Quotient of 0.53.
How many Sales Representatives of Services work in Binghamton?
There are approximately 400 Sales Representatives of Services working in Binghamton, NY.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 400 employees in the Binghamton, NY area with a job density of 4.114 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel Salaries by State
Top Jobs in Binghamton, NY
- All Occupations Salary in Binghamton, NY
- Office and Administrative Support Occupations Salary in Binghamton, NY
- Food Preparation and Serving Related Occupations Salary in Binghamton, NY
- Transportation and Material Moving Occupations Salary in Binghamton, NY
- Educational Instruction and Library Occupations Salary in Binghamton, NY
- Sales and Related Occupations Salary in Binghamton, NY
- Healthcare Practitioners and Technical Occupations Salary in Binghamton, NY
- Production Occupations Salary in Binghamton, NY
- Healthcare Support Occupations Salary in Binghamton, NY
- Business and Financial Operations Occupations Salary in Binghamton, NY
- Browse All Jobs in Binghamton, NY →
Semantic Salary Analysis for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel • Data source: BLS OEWS 2024 •Jobs in Binghamton, NY