In the Palm Bay-Melbourne-Titusville, FL area, Securities, Commodities, and Financial Services Sales Agents earn an average annual salary of $71,660. This figure is notably below the national average of $110,380, suggesting that local market dynamics, industry concentration, or regional economic factors may influence compensation levels in this Florida locale.
Executive Summary
- Average Salary: $71,660 per year.
- Growth Trend: Salaries have shifted 12.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $110,910.
- Outlook: The Palm Bay-Melbourne-Titusville region supports a local workforce of 580 individuals in this specialized field. With a Location Quotient of 0.79, the concentration of these roles is slightly below the national average, indicating a stable but not exceptionally dense job market. The presence of 2.406 jobs per 1,000 workers suggests a consistent demand for these professionals within the local economy.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Palm Bay-Melbourne-Titusville, FL earns-35.1%below the national average.
$34.5
$1,378
$5,972
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data for the Palm Bay-Melbourne-Titusville area is not provided, it is reasonable to assume that salaries for Securities, Commodities, and Financial Services Sales Agents have experienced growth over the past four years, mirroring national trends. Economic recovery, increased market activity, and evolving financial landscapes typically drive upward adjustments in compensation for skilled professionals in this sector.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Palm Bay-Melbourne-Titusville, FL
Career progression in the Securities, Commodities, and Financial Services Sales Agents field typically correlates with increased earning potential. Entry-level positions often start at lower salary percentiles, while seasoned professionals with extensive experience and a proven track record can command salaries significantly higher than the average. The widening gap between entry-level and senior roles signifies substantial career advancement opportunities and salary scaling.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $45,980 | $22.1 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $53,745 | $25.8 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $55,380 | $26.6 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $89,575 | $43.1 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $110,910 | $53.3 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$71,660
Gross Pay
Real Wage (Purchasing Power)
$71,660
Adjusted for COL (100)
The average annual salary of $71,660 in Palm Bay-Melbourne-Titusville, FL, aligns precisely with the national average cost of living, indicated by an index of 100. This means that the purchasing power of the local salary is comparable to the national standard, offering a balanced financial environment for residents without the added pressure of significantly higher or lower living expenses.
Job Market Context
580
Total Jobs
2.406
Per 1K Jobs
0.79
Location Quotient
Palm Bay-Melbourne-Titusville, FL has 0.79x 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.
A Location Quotient of 0.79 for Securities, Commodities, and Financial Services Sales Agents in Palm Bay-Melbourne-Titusville indicates that this profession is slightly less concentrated here compared to the national average. This suggests that while opportunities exist, the market may be less saturated, potentially offering a competitive edge for skilled individuals entering or advancing within the local job landscape.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near Palm Bay-Melbourne-Titusville, FL
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Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Palm Bay-Melbourne-Titusville, FL?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Palm Bay-Melbourne-Titusville, FL is $71,660. This typically ranges from $45,980 for entry-level positions to $110,910 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Palm Bay-Melbourne-Titusville, FL is 35.1% lower than the national median of $110,380.
Is Palm Bay-Melbourne-Titusville, FL a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
No, it is not as lucrative as the national average.The average salary of $71,660 is significantly lower than the national average of $110,380. However, the cost of living is at the national average, making the nominal salary's purchasing power comparable to national standards.
Is Palm Bay-Melbourne-Titusville, FL a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Palm Bay-Melbourne-Titusville, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Palm Bay-Melbourne-Titusville, FL?
Some top paying nearby cities include Sebastian-Vero Beach-West Vero Corridor, FL ($70,500) and Port St. Lucie, FL.
How does the local job market compare to the national average for this role?
The local job market in Palm Bay-Melbourne-Titusville has a slightly lower concentration of Securities, Commodities, and Financial Services Sales Agents compared to the national average, as indicated by a Location Quotient of 0.79.
What is the total number of professionals in this field in the Palm Bay-Melbourne-Titusville area?
There are approximately 580 Securities, Commodities, and Financial Services Sales Agents employed within the Palm Bay-Melbourne-Titusville, FL region.
How does experience impact salary for these roles in Palm Bay-Melbourne-Titusville?
Experience plays a crucial role in salary progression, with entry-level positions earning less and senior roles commanding higher compensation, reflecting a typical career growth trajectory.
What does a Cost of Living Index of 100 mean for this location?
A Cost of Living Index of 100 signifies that the overall cost of goods and services in Palm Bay-Melbourne-Titusville is on par with the national average, suggesting stable purchasing power for the local salary.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 580 employees in the Palm Bay-Melbourne-Titusville, FL area with a job density of 2.406 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 Palm Bay-Melbourne-Titusville, FL