In Portland-South Portland, ME, Securities, Commodities, and Financial Services Sales Agents earn an average annual salary of $92,980. This figure is notably below the national average of $110,380, suggesting that local market dynamics and potentially a different economic landscape influence compensation in this region. While the nominal salary is lower, understanding the local economic context is crucial for a complete picture.
Executive Summary
- Average Salary: $92,980 per year.
- Growth Trend: Salaries have shifted 8.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $185,990.
- Outlook: The local job market for Securities, Commodities, and Financial Services Sales Agents in Portland-South Portland, ME, comprises a workforce of 470 individuals. With a Location Quotient of 0.54, the concentration of these roles is below the national average, indicating a less specialized market. The rate of 1.668 jobs per 1,000 workers further suggests a moderate demand for these professionals within the local economy.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Portland-South Portland, ME earns-15.8%below the national average.
$44.7
$1,788
$7,748
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data for Portland-South Portland, ME is not provided, it is generally assumed 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 inflation typically contribute to upward salary adjustments across most professional sectors.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Portland-South Portland, ME
Salary progression for Securities, Commodities, and Financial Services Sales Agents is significantly influenced by experience. Entry-level positions typically command lower salaries, while seasoned professionals with a proven track record and specialized skills can expect substantially higher compensation. The percentile gaps in salary distribution highlight clear career progression pathways, rewarding expertise and performance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $45,990 | $22.1 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $69,735 | $33.5 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $63,180 | $30.4 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $116,225 | $55.9 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $185,990 | $89.4 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$92,980
Gross Pay
Real Wage (Purchasing Power)
$92,980
Adjusted for COL (100)
The average annual salary of $92,980 in Portland-South Portland, ME, aligns precisely with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of this salary is equivalent to the national average, making the nominal salary's value directly comparable to the broader U.S. economic landscape without significant adjustment for local expenses.
Job Market Context
470
Total Jobs
1.668
Per 1K Jobs
0.54
Location Quotient
Portland-South Portland, ME has 0.54x 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 0.54, the market for Securities, Commodities, and Financial Services Sales Agents in Portland-South Portland, ME, is less concentrated than the national average. This suggests that while the profession is present, it is not a dominant industry hub, potentially leading to a less competitive environment for job seekers compared to areas with higher LQs, but also fewer specialized opportunities.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near Portland-South Portland, ME
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Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Portland-South Portland, ME?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Portland-South Portland, ME is $92,980. This typically ranges from $45,990 for entry-level positions to $185,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Portland-South Portland, ME is 15.8% lower than the national median of $110,380.
Is Portland-South Portland, ME a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
No, not when compared to the national average.The average salary of $92,980 is below the national average of $110,380, indicating less lucrative compensation in this specific locale. However, the cost of living is on par with the national average, meaning the salary's purchasing power is standard.
Is Portland-South Portland, ME a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Portland-South Portland, ME is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Portland-South Portland, ME?
Some top paying nearby cities include Lewiston-Auburn, ME ($63,870) and Central New Hampshire nonmetropolitan area.
How does the local workforce size affect job prospects?
A local workforce of 470 suggests a moderately sized professional community. While not a massive market, it indicates a stable presence of these roles, with opportunities likely tied to the growth and needs of local financial institutions.
What does a Location Quotient of 0.54 signify?
A Location Quotient of 0.54 means that Securities, Commodities, and Financial Services Sales Agents are less concentrated in Portland-South Portland, ME, than the national average. This could imply fewer specialized roles but potentially less intense competition for general positions.
How does the number of jobs per 1,000 workers impact this role?
With 1.668 jobs per 1,000 workers, the presence of these roles is modest. This metric suggests that while the profession is established, it does not represent a significant portion of the overall local employment landscape.
Is experience crucial for higher earnings in this field in Portland-South Portland, ME?
Yes, as with most financial services roles, experience is a key driver of salary. Senior agents with extensive knowledge and client portfolios typically command higher compensation than those just starting their careers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 470 employees in the Portland-South Portland, ME area with a job density of 1.668 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 Portland-South Portland, ME