Average Securities, Commodities, and Financial Services Sales Agents Salary in Peoria, IL
Securities, Commodities, and Financial Services Sales Agents in Peoria, IL, earn an average annual salary of $86,720. This figure is notably below the national average of $110,380, reflecting regional economic factors and a different market dynamic. While the national average indicates a higher earning potential, local market conditions and demand specific to Peoria shape this compensation.
Executive Summary
- Average Salary: $86,720 per year.
- Growth Trend: Salaries have shifted 5.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $165,010.
- Outlook: The job market for Securities, Commodities, and Financial Services Sales Agents in Peoria, IL, is characterized by a local workforce of 290 professionals. With a Location Quotient of 0.57, the concentration of these roles is below the national average, suggesting a less saturated but potentially less robust demand compared to national hubs. The rate of 1.735 jobs per 1,000 workers further indicates a moderate presence of this profession within the local economy.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Peoria, IL earns-21.4%below the national average.
$41.7
$1,668
$7,227
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data for Peoria is not provided, it is generally assumed that salaries for Securities, Commodities, and Financial Services Sales Agents have seen consistent growth over the past four years, mirroring national trends. This upward trajectory is typically driven by inflation, increased demand for financial services, and evolving market complexities that necessitate skilled professionals.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Peoria, IL
Career progression for Securities, Commodities, and Financial Services Sales Agents significantly impacts earning potential. Entry-level positions typically start at the lower end of the salary spectrum, while seasoned professionals with extensive experience and a proven track record can command substantially higher salaries. The percentile gaps in compensation clearly signify the career advancement and increased responsibility associated with senior roles in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $45,660 | $22 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $65,040 | $31.3 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $62,340 | $30 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $108,400 | $52.1 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $165,010 | $79.3 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$86,720
Gross Pay
Real Wage (Purchasing Power)
$86,720
Adjusted for COL (100)
The nominal average salary of $86,720 in Peoria, IL, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the salary in Peoria is equivalent to the national average, offering a stable financial standing relative to the rest of the country.
Job Market Context
290
Total Jobs
1.735
Per 1K Jobs
0.57
Location Quotient
Peoria, IL has 0.57x 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 0.57, the market for Securities, Commodities, and Financial Services Sales Agents in Peoria, IL, is less concentrated than the national average. This suggests that while there may be fewer specialized roles or firms compared to larger metropolitan areas, the existing professionals may face less direct competition for available positions.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near Peoria, IL
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Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Peoria, IL?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Peoria, IL is $86,720. This typically ranges from $45,660 for entry-level positions to $165,010 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Peoria, IL is 21.4% lower than the national median of $110,380.
Is Peoria, IL a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
No, not compared to the national average.While the average salary of $86,720 is respectable, it falls significantly short of the national average of $110,380. However, the cost of living in Peoria is also at the national average, making the salary's purchasing power comparable.
Is Peoria, IL a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Peoria, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Peoria, IL?
Some top paying nearby cities include Bloomington, IL ($76,950) and West Central Illinois nonmetropolitan area.
What is the average salary for a Securities, Commodities, and Financial Services Sales Agent in Peoria, IL?
The average annual salary for a Securities, Commodities, and Financial Services Sales Agent in Peoria, IL is $86,720.
How does the Peoria, IL salary compare to the national average?
The average salary in Peoria, IL ($86,720) is lower than the national average of $110,380.
What is the Cost of Living Index in Peoria, IL?
The Cost of Living Index in Peoria, IL is 100, which is the national average.
Is there high demand for these roles in Peoria, IL?
The Location Quotient of 0.57 suggests that the concentration of these roles is below the national average, indicating moderate demand and potentially less competition.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 290 employees in the Peoria, IL area with a job density of 1.735 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 Peoria, IL