Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in the Chicago-Naperville-Elgin, IL-IN area earn an average annual salary of $79,840. This figure is slightly below the national average of $81,290, suggesting that while Chicago offers a robust market, specific industry demands or competitive pressures might be influencing compensation levels. The unique economic landscape of the region plays a significant role in shaping these salary outcomes.
Executive Summary
- Average Salary: $79,840 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $135,980.
- Outlook: The Chicago-Naperville-Elgin, IL-IN metropolitan area boasts a substantial workforce of 49,500 Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel. With a Location Quotient of 1.43, indicating a concentration 43% higher than the national average, this region demonstrates a strong and established demand for these professionals, suggesting a robust job market with ample opportunities.
Salary Overview
The average Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in Chicago-Naperville-Elgin, IL-IN earns-1.8%below the national average.
$38.4
$1,535
$6,653
Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Sales Representatives of Services have experienced consistent growth over the past four years, mirroring broader economic trends and inflation. This upward trajectory is likely driven by increasing demand for specialized services and the evolving sales landscape, leading to higher compensation for skilled professionals in the Chicago-Naperville-Elgin area.
Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel Salary Distribution in Chicago-Naperville-Elgin, IL-IN
Career progression for Sales Representatives of Services in Chicago-Naperville-Elgin, IL-IN typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with a proven track record and advanced sales acumen can command salaries well above the average. The widening percentile gaps from entry-level to senior roles clearly signify substantial career advancement and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $36,000 | $17.3 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $59,880 | $28.8 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $65,060 | $31.3 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $99,800 | $48 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $135,980 | $65.4 |
Detailed Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel Market Analysis
Relocation Context
Nominal Salary
$79,840
Gross Pay
Real Wage (Purchasing Power)
$79,840
Adjusted for COL (100)
The average annual salary of $79,840 for Sales Representatives of Services in Chicago-Naperville-Elgin, IL-IN aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary earned by these professionals holds its purchasing power directly in line with the rest of the country, offering a stable financial standing without significant adjustments needed for daily expenses.
Job Market Context
49,500
Total Jobs
11.065
Per 1K Jobs
1.43
Location Quotient
With a location quotient of 1.43, Chicago-Naperville-Elgin, IL-IN has a slightly higher-than-average concentration of Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel roles compared to the national norm.
The Location Quotient of 1.43 for Sales Representatives of Services in Chicago-Naperville-Elgin, IL-IN signifies a notable concentration of these roles compared to the national average. This suggests that the job market is not only competitive but also offers a higher density of opportunities, potentially leading to more specialized roles and a dynamic environment for professionals in this field.
Nearby Job Markets
Nearby Cities for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel
Comparing salaries near Chicago-Naperville-Elgin, IL-IN
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 Chicago-Naperville-Elgin, IL-IN?
The median annual salary for a Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in Chicago-Naperville-Elgin, IL-IN is $79,840. This typically ranges from $36,000 for entry-level positions to $135,980 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Chicago-Naperville-Elgin, IL-IN is 1.8% lower than the national median of $81,290.
Is Chicago-Naperville-Elgin, IL-IN a lucrative place for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travels?
Yes, it presents a strong market with above-average concentration.While the average salary is slightly below the national average, the high Location Quotient indicates a robust demand and a significant presence of these roles, suggesting good earning potential and career opportunities.
Is Chicago-Naperville-Elgin, IL-IN a good place to live for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travels?
The Cost of Living Index in Chicago-Naperville-Elgin, IL-IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Chicago-Naperville-Elgin, IL-IN?
Some top paying nearby cities include Michigan City-La Porte, IN ($71,080) and Kenosha, WI.
How does the Chicago salary compare to the national average?
The average salary for Sales Representatives of Services in Chicago-Naperville-Elgin, IL-IN is $79,840, which is slightly lower than the national average of $81,290.
What is the significance of the Location Quotient in Chicago?
A Location Quotient of 1.43 means that Sales Representatives of Services are 43% more concentrated in the Chicago-Naperville-Elgin, IL-IN area than the national average, indicating higher demand and a more robust job market for this profession.
How does the cost of living affect the salary in Chicago?
With a Cost of Living Index of 100, the national average, the $79,840 salary in Chicago has the same purchasing power as the national average salary, indicating a balanced financial environment.
What is the total number of these sales representatives in the Chicago area?
The Chicago-Naperville-Elgin, IL-IN metropolitan area employs approximately 49,500 Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 49,500 employees in the Chicago-Naperville-Elgin, IL-IN area with a job density of 11.065 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 Chicago-Naperville-Elgin, IL-IN