Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in Lexington-Fayette, KY, earn an average annual salary of $73,220. This figure is notably below the national average of $81,290, suggesting that local market dynamics, industry concentration, and potentially regional economic factors influence compensation levels in this specific area.
Executive Summary
- Average Salary: $73,220 per year.
- Growth Trend: Salaries have shifted 13.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $129,170.
- Outlook: With a local workforce of 1,860 individuals in this role, Lexington-Fayette presents a moderately sized employment landscape for Sales Representatives. The Location Quotient of 0.85 indicates a slightly lower concentration of these professionals compared to the national average, suggesting a stable but not overly saturated job market with consistent demand.
Salary Overview
The average Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in Lexington-Fayette, KY earns-9.9%below the national average.
$35.2
$1,408
$6,102
Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel Salary Trends (2020-2024)
While specific historical data for Lexington-Fayette is not provided, it is reasonable to assume that, mirroring national trends, salaries for Sales Representatives of Services have experienced steady growth over the past four years. This growth is typically driven by inflation, increased demand for services, and the evolving skill requirements within the sales profession.
Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel Salary Distribution in Lexington-Fayette, KY
Career progression for Sales Representatives of Services in Lexington-Fayette, KY, is typically marked by increasing earning potential. Entry-level positions often start at the lower end of the salary spectrum, while seasoned professionals with a proven track record and advanced sales skills can command significantly higher salaries, often reaching into the upper percentiles of the $73,220 average.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $35,550 | $17.1 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $54,915 | $26.4 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $55,620 | $26.7 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $91,525 | $44 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $129,170 | $62.1 |
Detailed Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel Market Analysis
Relocation Context
Nominal Salary
$73,220
Gross Pay
Real Wage (Purchasing Power)
$73,220
Adjusted for COL (100)
The average annual salary of $73,220 in Lexington-Fayette, KY, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Sales Representative's salary in this region is comparable to the national standard, offering a balanced lifestyle without significant financial strain related to living expenses.
Job Market Context
1,860
Total Jobs
6.572
Per 1K Jobs
0.85
Location Quotient
Lexington-Fayette, KY 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.
The Location Quotient of 0.85 for Sales Representatives of Services in Lexington-Fayette, KY, suggests that this profession is slightly less concentrated than the national average. This indicates a healthy job market where demand for skilled sales professionals is present, but the competition might be less intense compared to areas with a higher concentration of these roles.
Nearby Job Markets
Nearby Cities for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel
Comparing salaries near Lexington-Fayette, KY
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Frequently Asked Questions
How much does a Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel make in Lexington-Fayette, KY?
The median annual salary for a Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in Lexington-Fayette, KY is $73,220. This typically ranges from $35,550 for entry-level positions to $129,170 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington-Fayette, KY is 9.9% lower than the national median of $81,290.
Is Lexington-Fayette, KY a lucrative place for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travels?
No, it is slightly below the national average.While the average salary of $73,220 is substantial, it falls short of the national average of $81,290. However, the cost of living being at the national average provides good purchasing power.
Is Lexington-Fayette, KY a good place to live for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travels?
The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington-Fayette, KY?
Some top paying nearby cities include Central Kentucky nonmetropolitan area ($61,740) and South Central Kentucky nonmetropolitan area.
How does the local workforce size impact job opportunities?
A local workforce of 1,860 suggests a solid base of employment for this role, indicating consistent opportunities for both new entrants and experienced professionals within Lexington-Fayette.
What does a Location Quotient of 0.85 signify?
A Location Quotient of 0.85 means that Sales Representatives of Services are employed in Lexington-Fayette at a rate slightly lower than the national average, implying a balanced job market with moderate competition.
How does the cost of living affect the salary?
With a Cost of Living Index of 100, the $73,220 salary in Lexington-Fayette offers purchasing power equivalent to the national average, making it a stable financial environment.
Are there many jobs per 1,000 workers for this role in Lexington-Fayette?
With 6.572 jobs per 1,000 workers, this indicates a steady presence of this role within the local economy, suggesting ongoing demand for skilled sales professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,860 employees in the Lexington-Fayette, KY area with a job density of 6.572 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 Lexington-Fayette, KY