Average Securities, Commodities, and Financial Services Sales Agents Salary in Lancaster, PA
Securities, Commodities, and Financial Services Sales Agents in Lancaster, PA, earn an average annual salary of $65,520. This figure is notably below the national average of $110,380, suggesting that local market dynamics and potentially a different cost of doing business influence compensation in this region. While lower than the national benchmark, this salary reflects the specific economic landscape of Lancaster.
Executive Summary
- Average Salary: $65,520 per year.
- Growth Trend: Salaries have shifted 17.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $106,720.
- Outlook: With a local workforce of 930 professionals in this sector, Lancaster, PA, presents a stable, albeit not booming, job market for Securities, Commodities, and Financial Services Sales Agents. The Location Quotient of 1.22 indicates a slightly higher concentration of these roles compared to the national average, suggesting a steady demand that aligns with the size of the local workforce.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Lancaster, PA earns-40.6%below the national average.
$31.5
$1,260
$5,460
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data for Lancaster is not provided, the financial services sector nationally has experienced consistent growth over the past four years. It is reasonable to assume that salaries for Securities, Commodities, and Financial Services Sales Agents in Lancaster have also seen incremental increases, mirroring broader economic trends and evolving market demands for financial expertise.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Lancaster, PA
Career progression for Securities, Commodities, and Financial Services Sales Agents typically involves a significant salary increase with experience. Entry-level positions might start closer to $40,000-$50,000, while seasoned professionals with a proven track record and extensive client portfolios can command salaries well over $80,000, potentially reaching $100,000 or more. The percentile gaps in salary clearly signify the value placed on experience and performance in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $46,310 | $22.3 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $49,140 | $23.6 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $49,010 | $23.6 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $81,900 | $39.4 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $106,720 | $51.3 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$65,520
Gross Pay
Real Wage (Purchasing Power)
$65,520
Adjusted for COL (100)
The average annual salary of $65,520 in Lancaster, PA, aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary offers purchasing power equivalent to the national average, making the compensation relatively stable when considering everyday expenses in the area.
Job Market Context
930
Total Jobs
3.732
Per 1K Jobs
1.22
Location Quotient
With a location quotient of 1.22, Lancaster, PA has a slightly higher-than-average concentration of Securities, Commodities, and Financial Services Sales Agents roles compared to the national norm.
A Location Quotient of 1.22 signifies that Lancaster, PA, has a slightly higher concentration of Securities, Commodities, and Financial Services Sales Agents than the national average. This suggests a moderately competitive market where demand is present and perhaps slightly more robust than in areas with a lower LQ, offering good opportunities for those looking to enter or advance in the field.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near Lancaster, PA
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Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Lancaster, PA?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Lancaster, PA is $65,520. This typically ranges from $46,310 for entry-level positions to $106,720 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lancaster, PA is 40.6% lower than the national median of $110,380.
Is Lancaster, PA a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
No, not compared to the national average.While the salary of $65,520 is equivalent to the national cost of living, it is significantly lower than the national average salary of $110,380 for this profession.
Is Lancaster, PA a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Lancaster, PA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lancaster, PA?
Some top paying nearby cities include Lebanon, PA ($89,990) and York-Hanover, PA.
What is the average salary for this role in Lancaster, PA?
The average annual salary for Securities, Commodities, and Financial Services Sales Agents in Lancaster, PA, is $65,520.
How does Lancaster's cost of living compare to the national average?
Lancaster, PA, has a Cost of Living Index of 100, which is exactly the national average.
Is there high demand for these roles in Lancaster?
With a Location Quotient of 1.22, there is a slightly higher concentration of these roles in Lancaster compared to the national average, indicating steady demand.
How much does experience impact salary in this field?
Experience significantly impacts salary, with senior roles commanding substantially higher compensation than entry-level positions, reflecting increased expertise and client management.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 930 employees in the Lancaster, PA area with a job density of 3.732 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 Lancaster, PA