Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in Waco, TX, earn an average annual salary of $62,950. This figure is notably below the national average of $81,290, indicating that local market dynamics and potentially a different industry focus in Waco influence compensation levels for this role. The cost of living in Waco aligns perfectly with the national average, suggesting that while the nominal salary is lower, the purchasing power may be more comparable than initially perceived.
Executive Summary
- Average Salary: $62,950 per year.
- Growth Trend: Salaries have shifted 38.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $103,650.
- Outlook: Waco, TX supports a local workforce of 690 Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel. With a Location Quotient of 0.69, the concentration of these roles in Waco is below the national average, suggesting a less specialized or saturated market compared to national trends. The presence of 5.316 jobs per 1,000 workers indicates a steady, albeit not dominant, demand for these professionals within the local economy.
Salary Overview
The average Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in Waco, TX earns-22.6%below the national average.
$30.3
$1,211
$5,246
Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel Salary Trends (2020-2024)
While specific historical data for this niche role in Waco is not provided, it is reasonable to assume that salaries for Sales Representatives of Services have experienced gradual growth over the past four years, mirroring broader economic trends and inflation. This general upward trajectory is typical across most professional roles as industries adapt to changing economic conditions and demand for skilled labor.
Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel Salary Distribution in Waco, TX
Salary progression for Sales Representatives of Services typically scales significantly with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with a proven track record and advanced sales acumen can command salaries in the upper percentiles. The gap between entry-level and senior-level compensation reflects the value placed on expertise, client acquisition success, and the ability to manage complex service sales.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $29,010 | $13.9 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $47,213 | $22.7 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $56,360 | $27.1 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $78,688 | $37.8 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $103,650 | $49.8 |
Detailed Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel Market Analysis
Relocation Context
Nominal Salary
$62,950
Gross Pay
Real Wage (Purchasing Power)
$62,950
Adjusted for COL (100)
The average annual salary of $62,950 in Waco, TX, when juxtaposed with a Cost of Living Index of 100 (which is the national average), suggests that the nominal income translates directly to national average purchasing power. This means that while the salary is lower than the national average for the role, the cost of essential goods and services in Waco is not a significant detractor, offering a stable financial baseline for residents.
Job Market Context
690
Total Jobs
5.316
Per 1K Jobs
0.69
Location Quotient
Waco, TX has 0.69x 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.
A Location Quotient of 0.69 for Sales Representatives of Services in Waco, TX, indicates that this profession is less concentrated locally than the national average. This suggests that while the job market is not as robust or specialized as in larger metropolitan areas, there may be fewer candidates competing for available positions, potentially offering unique opportunities for skilled individuals to establish themselves.
Nearby Job Markets
Nearby Cities for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel
Comparing salaries near Waco, TX
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 Waco, TX?
The median annual salary for a Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel in Waco, TX is $62,950. This typically ranges from $29,010 for entry-level positions to $103,650 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waco, TX is 22.6% lower than the national median of $81,290.
Is Waco, TX a lucrative place for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travels?
No, not compared to the national average.The average salary of $62,950 is significantly lower than the national average of $81,290, although the cost of living is on par with the national average.
Is Waco, TX a good place to live for Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travels?
The Cost of Living Index in Waco, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waco, TX?
Some top paying nearby cities include North Region of Texas nonmetropolitan area ($67,810) and Northwestern Region of Texas nonmetropolitan area.
How does the local workforce size impact job opportunities?
A local workforce of 690 suggests a moderate presence of this role, indicating a stable but not overly saturated job market in Waco, TX.
What does a Location Quotient of 0.69 mean for this role in Waco?
A Location Quotient below 1.0 signifies that this profession is less common in Waco compared to the national average, implying potentially less competition but also possibly fewer specialized roles.
How does the Cost of Living in Waco compare to the national average?
Waco's Cost of Living Index is 100, meaning it is exactly average nationally, so your salary's purchasing power is standard.
Are there many Sales Representative jobs per capita in Waco?
With 5.316 jobs per 1,000 workers, the density of these roles in Waco is present, though not exceptionally high, suggesting consistent demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 690 employees in the Waco, TX area with a job density of 5.316 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 Waco, TX