In Canton-Massillon, OH, Securities, Commodities, and Financial Services Sales Agents earn an average annual salary of $63,440. This figure is notably lower than the national average of $110,380, reflecting regional economic factors and the specific demand within the local financial services sector. The pay scale in Canton-Massillon is directly influenced by the concentration of these specialized roles and the overall economic landscape of the area.
Executive Summary
- Average Salary: $63,440 per year.
- Growth Trend: Salaries have shifted 6.2% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $121,150.
- Outlook: The job market for Securities, Commodities, and Financial Services Sales Agents in Canton-Massillon, OH, appears stable with a total local workforce of 400 individuals in this role. The Location Quotient of 0.8 suggests a slightly lower concentration of these professionals compared to the national average, indicating a moderate but not saturated demand for talent in this specialized field.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Canton-Massillon, OH earns-42.5%below the national average.
$30.5
$1,220
$5,287
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data for Canton-Massillon is not provided, it's generally assumed that salaries for Securities, Commodities, and Financial Services Sales Agents have seen incremental growth over the past four years, mirroring broader economic trends and inflation adjustments. This upward trajectory is typical for roles requiring specialized financial knowledge and sales acumen.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Canton-Massillon, OH
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 can command salaries in the higher percentiles, reflecting their expertise, client base, and ability to generate revenue.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $34,240 | $16.5 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $47,580 | $22.9 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $47,890 | $23 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $79,300 | $38.1 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $121,150 | $58.2 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$63,440
Gross Pay
Real Wage (Purchasing Power)
$63,440
Adjusted for COL (100)
The average annual salary of $63,440 in Canton-Massillon, OH, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of the local salary is equivalent to the national average, suggesting that the nominal salary offers a comparable standard of living to other areas across the United States.
Job Market Context
400
Total Jobs
2.441
Per 1K Jobs
0.8
Location Quotient
Canton-Massillon, OH has 0.80x the national average concentration of Securities, Commodities, and Financial Services Sales Agents jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
With a Location Quotient of 0.8, Canton-Massillon, OH, has a slightly lower concentration of Securities, Commodities, and Financial Services Sales Agents than the national average. This suggests that while the profession is present, the market is not oversaturated, potentially offering good opportunities for skilled professionals entering the local job market.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near Canton-Massillon, OH
Hiring Securities, Commodities, and Financial Services Sales Agentss?
Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Canton-Massillon, OH?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Canton-Massillon, OH is $63,440. This typically ranges from $34,240 for entry-level positions to $121,150 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Canton-Massillon, OH is 42.5% lower than the national median of $110,380.
Is Canton-Massillon, OH a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
No, not compared to the national average.The average salary of $63,440 is significantly below the national average of $110,380. However, the cost of living is also at the national average, meaning the purchasing power is comparable.
Is Canton-Massillon, OH a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Canton-Massillon, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Canton-Massillon, OH?
Some top paying nearby cities include Akron, OH ($83,250) and Youngstown-Warren, OH.
How does the local workforce size affect job prospects?
A local workforce of 400 in this specialized role indicates a consistent presence of these jobs, suggesting ongoing demand for qualified individuals within the Canton-Massillon area.
What does a Location Quotient of 0.8 signify?
A Location Quotient of 0.8 means that Canton-Massillon has 80% of the national average concentration of Securities, Commodities, and Financial Services Sales Agents, indicating a slightly less competitive market than the national benchmark.
How does the Cost of Living Index impact salary perception?
With a Cost of Living Index of 100, the local salary of $63,440 has the same relative purchasing power as the national average, making it neither exceptionally high nor low in terms of affordability.
Are there many job openings for this role in Canton-Massillon?
The number of jobs per 1,000 workers at 2.441 suggests a steady, albeit not exceptionally high, rate of employment for these agents, reflecting the specific needs of the local financial sector.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 400 employees in the Canton-Massillon, OH area with a job density of 2.441 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 Canton-Massillon, OH