In the Detroit-Warren-Dearborn, MI metropolitan area, Securities, Commodities, and Financial Services Sales Agents earn an average annual salary of $99,490. This figure is notably below the national average of $110,380, suggesting that local market dynamics and potentially different industry concentrations influence compensation levels in this region.
Executive Summary
- Average Salary: $99,490 per year.
- Growth Trend: Salaries have shifted 39.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $177,670.
- Outlook: The Detroit-Warren-Dearborn area supports a local workforce of 2,570 individuals in this specialized field. With a Location Quotient of 0.44, the concentration of these roles is below the national average, indicating a less saturated but potentially less robust demand compared to national benchmarks. The presence of 1.346 jobs per 1,000 workers further contextualizes the employment landscape for these professionals.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Detroit-Warren-Dearborn, MI earns-9.9%below the national average.
$47.8
$1,913
$8,291
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data 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 broader economic trends and inflation. This upward trajectory is typical across most professional sectors as demand for financial expertise evolves and the cost of living adjusts.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Detroit-Warren-Dearborn, MI
Career progression in the securities sales sector typically correlates with increased earning potential. Entry-level positions often start at the lower end of the salary spectrum, while seasoned professionals with extensive experience and a proven track record can command significantly higher salaries, often reaching into the upper percentiles. The salary distribution reflects a clear pathway for advancement and increased compensation based on skill and tenure.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $48,410 | $23.3 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $74,618 | $35.9 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $77,200 | $37.1 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $124,363 | $59.8 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $177,670 | $85.4 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$99,490
Gross Pay
Real Wage (Purchasing Power)
$99,490
Adjusted for COL (100)
The average annual salary of $99,490 in Detroit-Warren-Dearborn aligns precisely with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of that income is comparable to the national standard, making the take-home pay effectively equivalent in terms of local expenses.
Job Market Context
2,570
Total Jobs
1.346
Per 1K Jobs
0.44
Location Quotient
At 0.44x, Detroit-Warren-Dearborn, MI 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.
A Location Quotient of 0.44 signifies that Securities, Commodities, and Financial Services Sales Agents are less concentrated in the Detroit-Warren-Dearborn area compared to the national average. This suggests that while opportunities exist, the market may be less competitive or specialized, potentially offering unique advantages for skilled professionals entering or established within this regional job market.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Monroe, MI Securities, Commodities, and Financial Services Sales Agents Salary | $83,990↓ 16% | 34 mi |
| Ann Arbor, MI Securities, Commodities, and Financial Services Sales Agents Salary | $92,550↓ 7% | 35 mi |
| Toledo, OH Securities, Commodities, and Financial Services Sales Agents Salary | $76,070↓ 24% | 54 mi |
| Flint, MI Securities, Commodities, and Financial Services Sales Agents Salary | $86,370↓ 13% | 58 mi |
| Sandusky, OH Securities, Commodities, and Financial Services Sales Agents Salary | $70,060↓ 30% | 64 mi |
Comparing salaries near Detroit-Warren-Dearborn, MI
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Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Detroit-Warren-Dearborn, MI?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Detroit-Warren-Dearborn, MI is $99,490. This typically ranges from $48,410 for entry-level positions to $177,670 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Detroit-Warren-Dearborn, MI is 9.9% lower than the national median of $110,380.
Is Detroit-Warren-Dearborn, MI a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
No, not more lucrative than the national average.The average salary of $99,490 is below the national average of $110,380, although the cost of living is on par with the national average.
Is Detroit-Warren-Dearborn, MI a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Detroit-Warren-Dearborn, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Detroit-Warren-Dearborn, MI?
Some top paying nearby cities include Monroe, MI ($83,990) and Ann Arbor, MI.
How does the Detroit salary compare to the national average?
The average salary for Securities, Commodities, and Financial Services Sales Agents in Detroit-Warren-Dearborn, MI is $99,490, which is lower than the national average of $110,380.
What is the cost of living in Detroit-Warren-Dearborn, MI?
The Cost of Living Index for Detroit-Warren-Dearborn, MI is 100, which is exactly the national average.
How concentrated are these jobs in Detroit?
The concentration of these jobs in Detroit, indicated by a Location Quotient of 0.44, is below the national average.
What does the job market look like for these agents in Detroit?
There are 1.346 jobs per 1,000 workers in this field in Detroit, suggesting a moderate presence within the local workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,570 employees in the Detroit-Warren-Dearborn, MI area with a job density of 1.346 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 Detroit-Warren-Dearborn, MI