Securities, Commodities, and Financial Services Sales Agents in the Atlantic City-Hammonton, NJ area earn an average annual salary of $92,050. This figure is notably below the national average of $110,380, suggesting that local market dynamics and industry concentration play a significant role in compensation within this region. Factors such as the specific economic landscape and demand for financial services in this particular New Jersey locale contribute to this pay differential.
Executive Summary
- Average Salary: $92,050 per year.
- Growth Trend: Salaries have shifted 18.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $206,500.
- Outlook: The job market for Securities, Commodities, and Financial Services Sales Agents in Atlantic City-Hammonton, NJ, appears to be moderately concentrated, with a total local workforce of 240 individuals in this role. The Location Quotient of 0.47 indicates that this profession is less prevalent here compared to the national average. While the absolute number of workers isn't exceptionally high, the presence of a dedicated workforce suggests a stable, albeit not booming, demand for these specialized financial services.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Atlantic City-Hammonton, NJ earns-16.6%below the national average.
$44.3
$1,770
$7,671
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data for the Atlantic City-Hammonton area is not provided, it is generally assumed that salaries for Securities, Commodities, and Financial Services Sales Agents have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased demand for financial expertise, and the evolving complexity of financial markets, leading to upward pressure on compensation across most regions.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Atlantic City-Hammonton, NJ
Career progression for Securities, Commodities, and Financial Services Sales Agents typically involves a significant salary increase with experience. Entry-level positions might start at a lower percentile, while seasoned professionals with a proven track record and specialized knowledge can command salaries in the higher percentiles. The widening gap between entry-level and senior-level salaries underscores the value placed on expertise, client portfolios, and sales performance within the industry.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $48,710 | $23.4 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $69,038 | $33.2 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $60,720 | $29.2 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $115,063 | $55.3 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $206,500 | $99.3 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$92,050
Gross Pay
Real Wage (Purchasing Power)
$92,050
Adjusted for COL (100)
An average annual salary of $92,050 in Atlantic City-Hammonton, NJ, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of this salary is equivalent to the national average, offering a balanced financial standing for residents. While the nominal salary is below the national average for the profession, the cost of living parity suggests that the take-home pay effectively covers expenses at a comparable rate to other parts of the country.
Job Market Context
240
Total Jobs
1.439
Per 1K Jobs
0.47
Location Quotient
At 0.47x, Atlantic City-Hammonton, NJ has a notably lower concentration of Securities, Commodities, and Financial Services Sales Agents jobs than the national average. Opportunities in this area are relatively scarce for this profession.
With a Location Quotient of 0.47, the market for Securities, Commodities, and Financial Services Sales Agents in Atlantic City-Hammonton, NJ, is less concentrated than the national average. This suggests that the job market may be less competitive in terms of the sheer number of professionals vying for positions, but it also implies a potentially smaller pool of opportunities compared to more densely populated financial hubs. Recruiters might find a less saturated talent pool, while job seekers may face fewer openings but potentially less direct competition.
Nearby Job Markets
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Comparing salaries near Atlantic City-Hammonton, NJ
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Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Atlantic City-Hammonton, NJ?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Atlantic City-Hammonton, NJ is $92,050. This typically ranges from $48,710 for entry-level positions to $206,500 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Atlantic City-Hammonton, NJ is 16.6% lower than the national median of $110,380.
Is Atlantic City-Hammonton, NJ a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
No, it is not as lucrative as the national average.The average salary of $92,050 is below the national average of $110,380, although the cost of living is at the national average, making the purchasing power comparable.
Is Atlantic City-Hammonton, NJ a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Atlantic City-Hammonton, NJ is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Atlantic City-Hammonton, NJ?
Some top paying nearby cities include Vineland, NJ ($64,380) and Philadelphia-Camden-Wilmington, PA-NJ-DE-MD.
How does the local workforce size impact job opportunities?
A local workforce of 240 suggests a stable but not expansive market, indicating moderate opportunities for new entrants and established professionals.
What does a Location Quotient of 0.47 signify?
A Location Quotient below 1.0, like 0.47, means the concentration of these financial service roles is lower in Atlantic City-Hammonton than the national average.
How does the Cost of Living affect the $92,050 salary?
With a Cost of Living Index of 100, the $92,050 salary has the same purchasing power as the national average, meaning it's neither particularly high nor low in real terms.
Are there many jobs per 1,000 workers for this role in Atlantic City-Hammonton?
With 1.439 jobs per 1,000 workers, the availability is relatively modest, aligning with the lower concentration indicated by the Location Quotient.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Atlantic City-Hammonton, NJ area with a job density of 1.439 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Securities, Commodities, and Financial Services Sales Agents • Data source: BLS OEWS 2024 •Jobs in Atlantic City-Hammonton, NJ