Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in New Jersey earn an impressive average annual salary of $94,220. This figure significantly surpasses the national average of $81,290, indicating a strong demand and potentially higher earning potential within the Garden State. Factors such as New Jersey's robust economic landscape and concentration of service-oriented businesses likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $94,220 per year.
- Growth Trend: Salaries have shifted 9.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $166,510.
- Outlook: With a substantial local workforce of 43,030 and a Location Quotient of 1.31, New Jersey demonstrates a pronounced concentration of Sales Representatives of Services, Excluding specific sectors. This indicates a robust and well-established job market for these professionals, suggesting consistent demand and opportunities for career growth within the state.
Salary Overview
The average Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in New Jersey earns+15.9%above the national average.
$45.3
$1,812
$7,852
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 New Jersey have experienced consistent growth over the past four years, mirroring national trends. Economic expansion, evolving sales strategies, and increasing demand for specialized services likely contribute to upward pressure on compensation for these roles.
Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel Salary Distribution in New Jersey
Career progression for Sales Representatives of Services in New Jersey typically involves a significant salary increase with experience. Entry-level positions may start at a lower percentile, but as professionals gain expertise, develop client portfolios, and achieve sales targets, their earning potential escalates considerably. The widening gap between entry-level and senior-level salaries reflects this clear career trajectory and the value placed on seasoned sales talent.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $45,360 | $21.8 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $70,665 | $34 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $78,380 | $37.7 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $117,775 | $56.6 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $166,510 | $80.1 |
Detailed Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel Market Analysis
Relocation Context
Nominal Salary
$94,220
Gross Pay
Real Wage (Purchasing Power)
$83,826
Adjusted for COL (112.4)
While the average salary of $94,220 in New Jersey is notably higher than the national average, the state's Cost of Living Index of 112.4 suggests that expenses are approximately 12.4% above the national average. Therefore, while the nominal salary is attractive, the purchasing power of this income needs to be considered in the context of higher local living costs.
Job Market Context
43,030
Total Jobs
10.125
Per 1K Jobs
1.31
Location Quotient
With a location quotient of 1.31, New Jersey 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.
New Jersey's Location Quotient of 1.31 signifies that Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel are more concentrated in this state than the national average. This suggests a competitive yet abundant job market, where specialized talent is in demand, potentially leading to higher compensation and more career opportunities for skilled professionals.
Nearby Job Markets
Nearby Cities for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel
Comparing salaries near New Jersey
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 New Jersey?
The median annual salary for a Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in New Jersey is $94,220. This typically ranges from $45,360 for entry-level positions to $166,510 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New Jersey is 15.9% higher than the national median of $81,290.
Is New Jersey a lucrative place for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travels?
Yes, New Jersey is a lucrative state for these sales professionals.The average salary of $94,220 significantly exceeds the national average, and the high concentration of these roles (LQ of 1.31) indicates strong market demand.
Is New Jersey a good place to live for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travels?
The Cost of Living Index in New Jersey is 112.4. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New Jersey?
Some top paying nearby cities include Trenton-Princeton, NJ ($87,580) and New York-Newark-Jersey City, NY-NJ.
How does the New Jersey salary compare to the national average?
The average annual salary for Sales Representatives of Services in New Jersey is $94,220, which is substantially higher than the national average of $81,290.
What is the job market like for these sales roles in New Jersey?
New Jersey has a robust job market for these sales roles, evidenced by a total local workforce of 43,030 and a Location Quotient of 1.31, indicating a higher concentration of these jobs than the national average.
How does the cost of living affect the salary in New Jersey?
With a Cost of Living Index of 112.4, New Jersey is more expensive than the national average. While the high salary offers good compensation, the increased cost of living should be factored into financial planning.
What does a Location Quotient of 1.31 mean for this job title in New Jersey?
A Location Quotient of 1.31 means that these sales roles are 31% more concentrated in New Jersey compared to the national average, suggesting a strong and specialized demand for these professionals in the state.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 43,030 employees in the New Jersey area with a job density of 10.125 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 New Jersey