Securities, Commodities, and Financial Services Sales Agents in Lansing-East Lansing, MI, earn an average annual salary of $91,070. This figure is notably below the national average of $110,380, suggesting that local market dynamics, industry concentration, and potentially regional economic factors influence compensation in this metropolitan area.
Executive Summary
- Average Salary: $91,070 per year.
- Growth Trend: Salaries have shifted 49.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $201,470.
- Outlook: With a total local workforce of 200 professionals in this specialized field, the Lansing-East Lansing market presents a modest employment landscape. The Location Quotient of 0.31 indicates a lower concentration of these roles compared to the national average, suggesting that while opportunities exist, the demand may not be as robust as in larger, more finance-centric hubs.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Lansing-East Lansing, MI earns-17.5%below the national average.
$43.8
$1,751
$7,589
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data for Lansing-East Lansing's Securities, Commodities, and Financial Services Sales Agents is not provided, it is generally assumed that salaries within this sector have experienced steady growth over the past four years, mirroring national trends of increasing compensation driven by market demand and inflation.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Lansing-East Lansing, MI
Career progression for Securities, Commodities, and Financial Services Sales Agents typically involves a significant salary increase with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with a proven track record and specialized expertise can command salaries in the higher percentiles, reflecting the value of their accumulated knowledge and client relationships.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $46,500 | $22.4 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $68,303 | $32.8 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $61,090 | $29.4 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $113,838 | $54.7 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $201,470 | $96.9 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$91,070
Gross Pay
Real Wage (Purchasing Power)
$91,070
Adjusted for COL (100)
The average salary of $91,070 in Lansing-East Lansing aligns precisely 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, indicating that while the nominal salary is lower than the national average, it offers a comparable standard of living within the Lansing-East Lansing area.
Job Market Context
200
Total Jobs
0.939
Per 1K Jobs
0.31
Location Quotient
At 0.31x, Lansing-East Lansing, 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 0.31 signifies that Securities, Commodities, and Financial Services Sales Agents are less concentrated in Lansing-East Lansing compared to the national average. This suggests a less competitive market in terms of job availability relative to the number of professionals, potentially offering a more stable environment for those already established in the area.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near Lansing-East Lansing, MI
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Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Lansing-East Lansing, MI?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Lansing-East Lansing, MI is $91,070. This typically ranges from $46,500 for entry-level positions to $201,470 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lansing-East Lansing, MI is 17.5% lower than the national median of $110,380.
Is Lansing-East Lansing, MI a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
No, not compared to the national average.While the average salary of $91,070 is substantial, it falls below the national average of $110,380. However, the cost of living being at the national average means the purchasing power is comparable.
Is Lansing-East Lansing, MI a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Lansing-East Lansing, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lansing-East Lansing, MI?
Some top paying nearby cities include Jackson, MI ($101,990) and Mid Michigan nonmetropolitan area.
How does the Lansing-East Lansing salary compare to the national average?
The average annual salary for Securities, Commodities, and Financial Services Sales Agents in Lansing-East Lansing is $91,070, which is lower than the national average of $110,380.
What is the job concentration like for this role in Lansing-East Lansing?
The Location Quotient of 0.31 indicates that this profession is less concentrated in Lansing-East Lansing compared to the national average, suggesting fewer specialized roles relative to the overall workforce.
Does the cost of living affect the Lansing-East Lansing salary?
The Cost of Living Index in Lansing-East Lansing is 100, which is the national average. This means the $91,070 salary offers a purchasing power equivalent to the national average, despite being lower than the national salary figure.
How many Securities, Commodities, and Financial Services Sales Agents work in Lansing-East Lansing?
There are approximately 200 Securities, Commodities, and Financial Services Sales Agents employed in the Lansing-East Lansing metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Lansing-East Lansing, MI area with a job density of 0.939 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 Lansing-East Lansing, MI