Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in Richmond, VA, earn an average annual salary of $73,710. This figure is slightly below the national average of $81,290, suggesting that while the demand is present, local market dynamics or industry-specific compensation structures may be influencing pay rates in the Richmond area.
Executive Summary
- Average Salary: $73,710 per year.
- Growth Trend: Salaries have shifted 6.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $127,720.
- Outlook: With a local workforce of 5,590 individuals in this specific role, Richmond, VA, demonstrates a solid presence for Sales Representatives of Services. The Location Quotient of 1.11 indicates a concentration of these professionals that is slightly higher than the national average, suggesting a robust and established job market with consistent demand for their expertise.
Salary Overview
The average Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in Richmond, VA earns-9.3%below the national average.
$35.4
$1,418
$6,143
Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel Salary Trends (2020-2024)
While specific historical data for Richmond, VA is not provided, it is reasonable to assume that salaries for Sales Representatives of Services have experienced a steady upward trend over the past four years, mirroring broader economic growth and inflation. This general trend suggests that compensation packages have likely kept pace with the evolving market and increasing cost of living, offering potential for salary growth.
Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel Salary Distribution in Richmond, VA
The salary trajectory for Sales Representatives of Services in Richmond, VA, typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with a proven track record can command salaries in the higher percentiles. These percentile gaps are a clear indicator of career progression and the increasing value placed on expertise and sales performance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $35,350 | $17 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $55,283 | $26.6 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $60,780 | $29.2 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $92,138 | $44.3 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $127,720 | $61.4 |
Detailed Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel Market Analysis
Relocation Context
Nominal Salary
$73,710
Gross Pay
Real Wage (Purchasing Power)
$73,710
Adjusted for COL (100)
The average annual salary of $73,710 in Richmond, VA, aligns precisely with the national average cost of living, as indicated by the Cost of Living Index of 100. This means that the purchasing power of a Sales Representative's salary in Richmond is comparable to the national average, offering a stable financial environment for residents.
Job Market Context
5,590
Total Jobs
8.564
Per 1K Jobs
1.11
Location Quotient
With a location quotient of 1.11, Richmond, VA 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.
A Location Quotient of 1.11 signifies that Richmond, VA, has a slightly higher concentration of Sales Representatives of Services compared to the national average. This suggests a competitive yet accessible job market, where opportunities may be more readily available than in areas with lower concentration, while still offering a healthy demand for skilled professionals.
Nearby Job Markets
Nearby Cities for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel
Comparing salaries near Richmond, VA
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 Richmond, VA?
The median annual salary for a Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in Richmond, VA is $73,710. This typically ranges from $35,350 for entry-level positions to $127,720 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Richmond, VA is 9.3% lower than the national median of $81,290.
Is Richmond, VA a lucrative place for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travels?
Yes, with a caveat.While the average salary of $73,710 is slightly below the national average, the cost of living is also at the national average, making it a financially stable location. The slightly higher concentration of these roles (LQ 1.11) indicates a healthy job market.
Is Richmond, VA a good place to live for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travels?
The Cost of Living Index in Richmond, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Richmond, VA?
Some top paying nearby cities include Southside Virginia nonmetropolitan area ($75,860) and Northern West Virginia nonmetropolitan area.
How does the Richmond, VA salary compare to the national average?
The average annual salary for Sales Representatives of Services in Richmond, VA, is $73,710, which is approximately 9.6% lower than the national average of $81,290.
What is the significance of the Location Quotient (LQ) in Richmond, VA?
A Location Quotient of 1.11 means that the concentration of Sales Representatives of Services in Richmond, VA, is 11% higher than the national average, indicating a slightly stronger presence and potentially more job opportunities in this field within the city.
How does the Cost of Living Index affect the salary in Richmond, VA?
With a Cost of Living Index of 100, Richmond, VA, has a cost of living that is exactly at the national average. This means the $73,710 salary has a purchasing power equivalent to the national average, making it neither exceptionally high nor low in terms of affordability.
What is the total workforce size for this role in Richmond, VA?
There are approximately 5,590 individuals employed as Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in Richmond, VA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,590 employees in the Richmond, VA area with a job density of 8.564 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 Richmond, VA