Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in Colorado Springs, CO, earn an impressive average annual salary of $84,130. This figure notably surpasses the national average of $81,290, indicating a strong local demand and potentially higher compensation structures within the region. The specific economic drivers and industry concentration in Colorado Springs likely contribute to this favorable pay scale.
Executive Summary
- Average Salary: $84,130 per year.
- Growth Trend: Salaries have shifted 28.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $146,760.
- Outlook: The local job market for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in Colorado Springs appears robust, with a total local workforce of 3,270 individuals. The Location Quotient of 1.33 suggests a higher concentration of these roles compared to the national average, signaling a healthy demand and a significant presence of this profession within the city's economy.
Salary Overview
The average Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in Colorado Springs, CO earns+3.5%above the national average.
$40.5
$1,618
$7,011
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 Colorado Springs have experienced growth over the past four years, mirroring national trends. Economic expansion and evolving market demands typically drive upward adjustments in compensation for skilled sales professionals.
Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel Salary Distribution in Colorado Springs, CO
Salary progression for Sales Representatives of Services in Colorado Springs is strongly tied to experience. Entry-level positions typically command lower salaries, while seasoned professionals with a proven track record and advanced sales skills can expect to earn significantly more. The percentile gaps between junior and senior roles reflect the substantial career growth and earning potential available within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $38,700 | $18.6 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $63,098 | $30.3 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $74,610 | $35.9 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $105,163 | $50.6 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $146,760 | $70.6 |
Detailed Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel Market Analysis
Relocation Context
Nominal Salary
$84,130
Gross Pay
Real Wage (Purchasing Power)
$84,130
Adjusted for COL (100)
With an average annual salary of $84,130 and a Cost of Living Index of 100 (matching the national average), the nominal salary in Colorado Springs offers a purchasing power equivalent to the national standard. This means that the $84,130 earned locally will likely cover expenses at a rate comparable to the national average, making it a stable financial proposition for residents.
Job Market Context
3,270
Total Jobs
10.27
Per 1K Jobs
1.33
Location Quotient
With a location quotient of 1.33, Colorado Springs, CO 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 1.33 for Sales Representatives of Services in Colorado Springs indicates that this profession is more concentrated in the area than the national average. This suggests a competitive yet potentially abundant job market, where employers may actively seek out talent, and professionals have a good chance of finding relevant opportunities.
Nearby Job Markets
Nearby Cities for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel
Comparing salaries near Colorado Springs, CO
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 Colorado Springs, CO?
The median annual salary for a Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in Colorado Springs, CO is $84,130. This typically ranges from $38,700 for entry-level positions to $146,760 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Colorado Springs, CO is 3.5% higher than the national median of $81,290.
Is Colorado Springs, CO a lucrative place for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travels?
Yes, Colorado Springs offers a lucrative environment for these sales professionals.The average salary of $84,130 significantly exceeds the national average, and the cost of living is on par with the national average, providing strong purchasing power.
Is Colorado Springs, CO a good place to live for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travels?
The Cost of Living Index in Colorado Springs, CO is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Colorado Springs, CO?
Some top paying nearby cities include Northwest Colorado nonmetropolitan area ($88,960) and Southwest Colorado nonmetropolitan area.
How does the Colorado Springs salary compare to the national average?
The average annual salary for Sales Representatives of Services in Colorado Springs is $84,130, which is higher than the national average of $81,290.
What is the concentration of Sales Representatives of Services in Colorado Springs?
Colorado Springs has a Location Quotient of 1.33 for this role, indicating a higher concentration of these jobs compared to the national average.
How does the cost of living in Colorado Springs affect the salary?
The cost of living in Colorado Springs is at the national average (100), meaning the $84,130 salary offers purchasing power equivalent to the national average.
What does the job market look like for this role in Colorado Springs?
With a workforce of 3,270 and a Location Quotient above 1, the job market shows a healthy demand and a notable presence of these sales professionals in the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,270 employees in the Colorado Springs, CO area with a job density of 10.27 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 Colorado Springs, CO