Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in Memphis, TN-MS-AR earn an average annual salary of $62,110. This figure is notably below the national average of $81,290, suggesting that local market dynamics and economic factors specific to the Memphis region influence compensation levels for this role. The disparity indicates a potentially different competitive landscape or demand for these services within the area compared to the broader U.S.
Executive Summary
- Average Salary: $62,110 per year.
- Growth Trend: Salaries have shifted 2.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $102,760.
- Outlook: The Memphis, TN-MS-AR area supports a local workforce of 3,420 Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel. With a Location Quotient of 0.71, the concentration of these roles is slightly below the national average, indicating a moderately developed but not oversaturated market. The presence of 5.513 jobs per 1,000 workers suggests a stable demand for these professionals within the region.
Salary Overview
The average Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in Memphis, TN-MS-AR earns-23.6%below the national average.
$29.9
$1,194
$5,176
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 steady 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 evolving sales strategies, leading to potentially higher average earnings for professionals in this field within the Memphis metropolitan area.
Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel Salary Distribution in Memphis, TN-MS-AR
The career path for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel typically shows significant salary progression 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 skills can command salaries well above the average. The percentile gaps in earnings clearly signify the career progression and earning potential available as one advances in expertise and client portfolio.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $30,340 | $14.6 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $46,583 | $22.4 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $54,930 | $26.4 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $77,638 | $37.3 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $102,760 | $49.4 |
Detailed Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel Market Analysis
Relocation Context
Nominal Salary
$62,110
Gross Pay
Real Wage (Purchasing Power)
$62,110
Adjusted for COL (100)
The average annual salary of $62,110 in Memphis, TN-MS-AR aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary earned by a Service Sales Representative in Memphis offers purchasing power equivalent to the national average. Therefore, the $62,110 salary provides a standard of living comparable to the national benchmark, without the added financial strain of a higher cost of living.
Job Market Context
3,420
Total Jobs
5.513
Per 1K Jobs
0.71
Location Quotient
Memphis, TN-MS-AR has 0.71x 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 0.71, the Memphis, TN-MS-AR market for Service Sales Representatives is less concentrated than the national average. This suggests that while the role is present and functional, it is not a dominant industry sector within the region. Professionals entering this market might find fewer direct competitors but also potentially a more specialized or niche demand for their services, requiring tailored approaches to client acquisition.
Nearby Job Markets
Nearby Cities for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel
Comparing salaries near Memphis, TN-MS-AR
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Frequently Asked Questions
How much does a Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel make in Memphis, TN-MS-AR?
The median annual salary for a Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in Memphis, TN-MS-AR is $62,110. This typically ranges from $30,340 for entry-level positions to $102,760 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Memphis, TN-MS-AR is 23.6% lower than the national median of $81,290.
Is Memphis, TN-MS-AR a lucrative place for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travels?
No, not exceptionally lucrative compared to the national average.The average salary of $62,110 is significantly lower than the national average of $81,290, indicating less lucrative compensation. However, the cost of living is at the national average, meaning the purchasing power of the salary is standard.
Is Memphis, TN-MS-AR a good place to live for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travels?
The Cost of Living Index in Memphis, TN-MS-AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Memphis, TN-MS-AR?
Some top paying nearby cities include Jonesboro, AR ($60,200) and Jackson, TN.
How does the Memphis salary compare to the national average for this role?
The average annual salary for Service Sales Representatives in Memphis, TN-MS-AR is $62,110, which is substantially lower than the national average of $81,290.
What is the concentration of Service Sales Representatives in Memphis compared to the rest of the country?
The Location Quotient of 0.71 indicates that Memphis has a slightly lower concentration of these roles compared to the national average, suggesting a moderately present but not dominant market.
Does the cost of living in Memphis affect the perceived value of the salary?
No, the cost of living in Memphis is exactly at the national average (100), meaning the $62,110 salary offers a purchasing power equivalent to the national average, making it neither exceptionally high nor low in real terms.
How many Service Sales Representatives are employed in the Memphis area?
There are approximately 3,420 Service Sales Representatives employed in the Memphis, TN-MS-AR region, representing 5.513 jobs per 1,000 workers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,420 employees in the Memphis, TN-MS-AR area with a job density of 5.513 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 Memphis, TN-MS-AR