In Lexington-Fayette, KY, Securities, Commodities, and Financial Services Sales Agents earn an average annual salary of $77,460. This figure is notably below the national average of $110,380, reflecting regional economic factors and a different market dynamic. The local demand and industry concentration play a significant role in shaping compensation within this specific metropolitan area.
Executive Summary
- Average Salary: $77,460 per year.
- Growth Trend: Salaries have shifted 14.8% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $130,020.
- Outlook: The job market for Securities, Commodities, and Financial Services Sales Agents in Lexington-Fayette, KY, appears moderately stable with a total local workforce of 590 individuals. The Location Quotient of 0.68 suggests that this profession is less concentrated here compared to the national average, indicating a potentially less saturated but also less specialized local market for these roles.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Lexington-Fayette, KY earns-29.8%below the national average.
$37.2
$1,490
$6,455
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data for Lexington-Fayette 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, increasing demand for financial services, 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 Lexington-Fayette, KY
Career progression for Securities, Commodities, and Financial Services Sales Agents in Lexington-Fayette, KY, is typically marked by increasing earning potential. Entry-level positions may start closer to the lower end of the salary spectrum, while seasoned professionals with proven track records and specialized expertise can command significantly higher salaries, often reaching well into the six figures. The percentile gaps in salary distributions highlight these opportunities for advancement and increased earning power.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $46,750 | $22.5 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $58,095 | $27.9 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $57,850 | $27.8 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $96,825 | $46.6 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $130,020 | $62.5 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$77,460
Gross Pay
Real Wage (Purchasing Power)
$77,460
Adjusted for COL (100)
With a Cost of Living Index of 100, Lexington-Fayette, KY, is perfectly aligned with the national average. This means the nominal salary of $77,460 for Securities, Commodities, and Financial Services Sales Agents offers a purchasing power equivalent to the national average. Therefore, the local cost of living does not significantly diminish or enhance the real value of this salary compared to the rest of the country.
Job Market Context
590
Total Jobs
2.072
Per 1K Jobs
0.68
Location Quotient
Lexington-Fayette, KY has 0.68x 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.
The Location Quotient of 0.68 for Securities, Commodities, and Financial Services Sales Agents in Lexington-Fayette, KY, indicates that this sector is less prevalent than the national average. This suggests that while opportunities exist, the market is not as saturated, potentially offering a more competitive environment for job seekers looking to establish themselves or for employers seeking specialized talent without intense local competition.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near Lexington-Fayette, KY
Hiring Securities, Commodities, and Financial Services Sales Agentss?
Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Lexington-Fayette, KY?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Lexington-Fayette, KY is $77,460. This typically ranges from $46,750 for entry-level positions to $130,020 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington-Fayette, KY is 29.8% lower than the national median of $110,380.
Is Lexington-Fayette, KY a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
No, not as lucrative as the national average.The average salary of $77,460 is significantly lower than the national average of $110,380, although the cost of living is on par with the national average.
Is Lexington-Fayette, KY a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington-Fayette, KY?
Some top paying nearby cities include Central Kentucky nonmetropolitan area ($79,620) and South Central Kentucky nonmetropolitan area.
How does the local workforce size affect job prospects?
A local workforce of 590 suggests a moderate-sized market. While not as large as major metropolitan hubs, it indicates a consistent presence and demand for these financial services professionals within the Lexington-Fayette area.
What does a Location Quotient of 0.68 mean for job seekers?
A Location Quotient below 1.0, like 0.68, signifies that the concentration of Securities, Commodities, and Financial Services Sales Agents is lower than the national average. This could mean fewer job openings but potentially less competition for those roles.
How does the cost of living in Lexington-Fayette compare nationally?
Lexington-Fayette's Cost of Living Index is exactly 100, meaning it matches the national average. This implies that the purchasing power of the local salary is comparable to what one would experience in an average U.S. city.
Are there many jobs per 1,000 workers for this role in Lexington-Fayette?
With 2.072 jobs per 1,000 workers, this role represents a small but present segment of the local employment landscape, indicating steady, albeit not dominant, demand for these financial services professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 590 employees in the Lexington-Fayette, KY area with a job density of 2.072 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 Lexington-Fayette, KY