Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products in Richmond, VA, earn an average annual salary of $77,340. This figure is slightly below the national average of $81,470, a common occurrence in markets with a lower concentration of specific industries. Local economic factors and demand within the Richmond metropolitan area play a significant role in shaping this compensation.
Executive Summary
- Average Salary: $77,340 per year.
- Growth Trend: Salaries have shifted 7.2% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $128,590.
- Outlook: Richmond boasts a substantial local workforce of 4,010 individuals in this sector, indicating a solid presence. While the Location Quotient of 0.75 suggests a slightly lower concentration compared to the national average, the presence of over 6 jobs per 1,000 workers signifies consistent demand for these sales professionals within the region.
Salary Overview
The average Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products in Richmond, VA earns-5.1%below the national average.
$37.2
$1,487
$6,445
Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products Salary Trends (2020-2024)
While specific historical data for Richmond is not provided, it's reasonable to assume that salaries for Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased demand for goods and services, and the evolving skill requirements within the sales profession.
Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products Salary Distribution in Richmond, VA
Salary progression for Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products in Richmond, VA, is strongly tied to experience. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with a proven track record and advanced sales acumen can command significantly higher salaries. The percentile gaps in earnings clearly signify opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $37,800 | $18.2 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $58,005 | $27.9 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $62,100 | $29.9 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $96,675 | $46.5 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $128,590 | $61.8 |
Detailed Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products Market Analysis
Relocation Context
Nominal Salary
$77,340
Gross Pay
Real Wage (Purchasing Power)
$77,340
Adjusted for COL (100)
With a Cost of Living Index of 100, Richmond, VA, is perfectly aligned with the national average. This means the nominal salary of $77,340 offers purchasing power equivalent to the national standard. Consequently, relocating to Richmond for this role would not present an immediate challenge in terms of maintaining your current lifestyle or financial standing relative to national benchmarks.
Job Market Context
4,010
Total Jobs
6.148
Per 1K Jobs
0.75
Location Quotient
Richmond, VA has 0.75x the national average concentration of Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products 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 0.75 indicates that Richmond, VA, has a slightly lower concentration of Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products compared to the national average. This suggests that while the market is not oversaturated, there may be fewer specialized opportunities compared to more concentrated national hubs, potentially leading to a moderately competitive job landscape.
Nearby Job Markets
Nearby Cities for Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products
Comparing salaries near Richmond, VA
Hiring Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Productss?
Frequently Asked Questions
How much does a Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products make in Richmond, VA?
The median annual salary for a Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products in Richmond, VA is $77,340. This typically ranges from $37,800 for entry-level positions to $128,590 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Richmond, VA is 5.1% lower than the national median of $81,470.
Is Richmond, VA a lucrative place for Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products?
Yes, with caveats.The average salary of $77,340 is competitive with the national average cost of living. However, it is slightly below the national average salary for this role, indicating potential for higher earnings in other markets.
Is Richmond, VA a good place to live for Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products?
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 ($73,350) and Northern West Virginia nonmetropolitan area.
How does the Richmond salary compare to the national average?
The average annual salary for Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products in Richmond, VA is $77,340, which is slightly lower than the national average of $81,470.
What is the cost of living in Richmond, VA for this role?
Richmond, VA, has a Cost of Living Index of 100, which is exactly the national average. This means your $77,340 salary will have purchasing power equivalent to the national average.
Is there high demand for these sales roles in Richmond?
With 6.148 jobs per 1,000 workers and a total local workforce of 4,010, there is a steady demand for Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products in Richmond.
How does experience affect salary for these roles in Richmond?
Experience significantly impacts earnings. Entry-level positions will offer lower salaries, while senior representatives with extensive experience and a proven sales record can expect to earn substantially more, reflecting career progression.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,010 employees in the Richmond, VA area with a job density of 6.148 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, Wholesale and Manufacturing, Except Technical and Scientific Products • Data source: BLS OEWS 2024 •Jobs in Richmond, VA