Securities, Commodities, and Financial Services Sales Agents in the Northwest Illinois nonmetropolitan area earn an average annual salary of $91,020. This figure is notably below the national average of $110,380, suggesting localized economic factors and potentially a different market dynamic influence compensation in this region. The specific pay scale is often dictated by the concentration of financial institutions and the demand for specialized financial services within the area.
Executive Summary
- Average Salary: $91,020 per year.
- Growth Trend: Salaries have shifted 42.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $194,350.
- Outlook: The job market for Securities, Commodities, and Financial Services Sales Agents in Northwest Illinois appears to be relatively niche, with a total local workforce of 210 individuals. The Location Quotient of 0.53 indicates that this profession is less concentrated here compared to the national average, suggesting a smaller but potentially stable demand within this nonmetropolitan setting.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Northwest Illinois nonmetropolitan area earns-17.5%below the national average.
$43.8
$1,750
$7,585
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is generally assumed that salaries for Securities, Commodities, and Financial Services Sales Agents across the nation have experienced steady growth over the past four years, driven by market fluctuations and increasing demand for financial expertise. This trend likely extends to Northwest Illinois, albeit potentially at a more moderate pace.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Northwest Illinois nonmetropolitan area
Career progression for Securities, Commodities, and Financial Services Sales Agents typically involves a significant salary increase with experience. Entry-level positions might start considerably lower than the average, while seasoned professionals with a proven track record and established client portfolios can command salaries well above the $91,020 average. The percentile gaps in earnings clearly signify the value placed on experience and expertise in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $44,670 | $21.5 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $68,265 | $32.8 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $59,330 | $28.5 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $113,775 | $54.7 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $194,350 | $93.4 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$91,020
Gross Pay
Real Wage (Purchasing Power)
$91,020
Adjusted for COL (100)
The average annual salary of $91,020 in Northwest Illinois aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of this salary is equivalent to the national average, offering a balanced lifestyle without the premium often associated with higher cost-of-living areas.
Job Market Context
210
Total Jobs
1.623
Per 1K Jobs
0.53
Location Quotient
Northwest Illinois nonmetropolitan area has 0.53x 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 0.53, the market for Securities, Commodities, and Financial Services Sales Agents in Northwest Illinois is less concentrated than the national average. This suggests that while opportunities exist, the job market may be less competitive, potentially offering a more accessible entry point for new professionals or those seeking a less saturated environment.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near Northwest Illinois nonmetropolitan area
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Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Northwest Illinois nonmetropolitan area?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Northwest Illinois nonmetropolitan area is $91,020. This typically ranges from $44,670 for entry-level positions to $194,350 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwest Illinois nonmetropolitan area is 17.5% lower than the national median of $110,380.
Is Northwest Illinois nonmetropolitan area a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
No, not compared to the national average.The average salary of $91,020 is below the national average of $110,380, indicating lower earning potential in this specific region.
Is Northwest Illinois nonmetropolitan area a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Northwest Illinois nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwest Illinois nonmetropolitan area?
Some top paying nearby cities include Bloomington, IL ($76,950) and Decatur, IL.
How does the local workforce size affect job prospects?
A smaller local workforce of 210 suggests a more specialized market, which could mean fewer openings but potentially less competition for dedicated professionals.
What does a Location Quotient of 0.53 mean for this role?
A Location Quotient below 1.0 indicates that this profession is less common in Northwest Illinois compared to the national average, implying a niche market.
How does the cost of living impact the $91,020 salary?
With a Cost of Living Index of 100, the $91,020 salary offers purchasing power equivalent to the national average, making it relatively stable.
Are there many job openings for this role in Northwest Illinois?
With 1.623 jobs per 1,000 workers, the role is present but not highly abundant, suggesting moderate opportunities within the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the Northwest Illinois nonmetropolitan area area with a job density of 1.623 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 Northwest Illinois nonmetropolitan area