Average Securities, Commodities, and Financial Services Sales Agents Salary in Rockford, IL
In Rockford, IL, Securities, Commodities, and Financial Services Sales Agents earn an average annual salary of $85,700. This figure is notably below the national average of $110,380, reflecting localized market dynamics and potentially a different competitive landscape for financial services professionals in this region compared to major metropolitan hubs.
Executive Summary
- Average Salary: $85,700 per year.
- Growth Trend: Salaries have shifted 43.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $164,730.
- Outlook: The local job market for Securities, Commodities, and Financial Services Sales Agents in Rockford, IL, comprises a workforce of 230 individuals. With a Location Quotient of 0.54, the concentration of these roles is below the national average, suggesting a less saturated but potentially less robust demand compared to national trends. The presence of 1.648 jobs per 1,000 workers indicates a steady, albeit not booming, employment environment.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Rockford, IL earns-22.4%below the national average.
$41.2
$1,648
$7,142
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data for Rockford is not provided, the financial services sector nationally has experienced consistent growth over the past four years, driven by evolving market conditions and increased demand for financial advice. It is reasonable to assume that salaries for Securities, Commodities, and Financial Services Sales Agents in Rockford have also seen a gradual upward trend, mirroring broader industry advancements and inflation adjustments.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Rockford, IL
Career progression for Securities, Commodities, and Financial Services Sales Agents typically involves a significant salary increase with experience. Entry-level positions may start considerably lower than the average, while seasoned professionals with extensive client portfolios and proven track records can command salaries well above the $85,700 mark. The percentile gaps in earnings clearly signify the substantial career growth and earning potential achievable through dedication and skill development in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $46,420 | $22.3 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $64,275 | $30.9 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $62,300 | $30 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $107,125 | $51.5 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $164,730 | $79.2 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$85,700
Gross Pay
Real Wage (Purchasing Power)
$85,700
Adjusted for COL (100)
The average annual salary of $85,700 in Rockford, IL, aligns precisely with the national average cost of living, indicated by an index of 100. This means that the purchasing power of the salary in Rockford is equivalent to the national average, suggesting that while the nominal salary is lower than the national average for the profession, the cost of living does not exacerbate the difference in real terms.
Job Market Context
230
Total Jobs
1.648
Per 1K Jobs
0.54
Location Quotient
Rockford, IL 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, Rockford, IL, has a lower concentration of Securities, Commodities, and Financial Services Sales Agents compared to the national average. This indicates that the job market is less competitive and potentially offers more opportunities for individuals entering the field or seeking to establish themselves. However, it also suggests that the overall demand for these specialized roles may be more limited than in areas with a higher concentration.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near Rockford, IL
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Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Rockford, IL?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Rockford, IL is $85,700. This typically ranges from $46,420 for entry-level positions to $164,730 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Rockford, IL is 22.4% lower than the national median of $110,380.
Is Rockford, IL a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
No, not compared to the national average.The average salary of $85,700 is significantly lower than the national average of $110,380. While the cost of living is at the national average, the nominal earnings present a considerable gap.
Is Rockford, IL a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Rockford, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Rockford, IL?
Some top paying nearby cities include Janesville-Beloit, WI ($90,380) and Madison, WI.
How does Rockford's salary compare to national averages for this role?
Securities, Commodities, and Financial Services Sales Agents in Rockford, IL, earn an average of $85,700 annually, which is substantially less than the national average of $110,380.
What is the cost of living in Rockford, IL?
Rockford, IL, has a cost of living index of 100, which is exactly on par with the national average.
Is there high demand for these roles in Rockford?
The Location Quotient of 0.54 suggests a lower concentration of these roles compared to the national average, indicating moderate demand and potentially less competition.
How many of these jobs are there in Rockford?
There are approximately 1.648 jobs per 1,000 workers in Rockford, IL, for Securities, Commodities, and Financial Services Sales Agents, with a total local workforce of 230 in this profession.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Rockford, IL area with a job density of 1.648 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 Rockford, IL