In the South Central Kentucky nonmetropolitan area, Securities, Commodities, and Financial Services Sales Agents earn an average annual salary of $65,990. This figure is notably lower than the national average of $110,380, reflecting regional economic factors and a smaller market size. The compensation in this area is largely dictated by the local demand and the specific economic landscape of nonmetropolitan Kentucky.
Executive Summary
- Average Salary: $65,990 per year.
- Growth Trend: Salaries have shifted 23.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $107,860.
- Outlook: The job market for Securities, Commodities, and Financial Services Sales Agents in South Central Kentucky appears stable, with a total local workforce of 370 individuals in this role. The location quotient of 0.71 suggests a slightly lower concentration of these professionals compared to the national average, indicating a potentially less saturated but also less specialized market.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in South Central Kentucky nonmetropolitan area earns-40.2%below the national average.
$31.7
$1,269
$5,499
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data for this precise region and role isn't provided, it's generally assumed that salaries for Securities, Commodities, and Financial Services Sales Agents across the United States have seen a modest upward trend over the past four years, driven by inflation and evolving market demands. This trend likely extends to South Central Kentucky, albeit potentially at a slower pace than in major metropolitan hubs.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in South Central Kentucky 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 closer to the lower end of the pay scale, while seasoned professionals with a proven track record and established client portfolios can command salaries well above the average. The percentile gaps in earnings clearly signify the career trajectory and earning potential as one advances in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $34,200 | $16.4 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $49,493 | $23.8 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $47,850 | $23 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $82,488 | $39.7 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $107,860 | $51.9 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$65,990
Gross Pay
Real Wage (Purchasing Power)
$65,990
Adjusted for COL (100)
The nominal average salary of $65,990 in South Central Kentucky 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. Therefore, individuals relocating to this area can expect their income to cover standard living expenses at a rate comparable to the rest of the country.
Job Market Context
370
Total Jobs
2.163
Per 1K Jobs
0.71
Location Quotient
South Central Kentucky nonmetropolitan area has 0.71x 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 0.71, the South Central Kentucky nonmetropolitan area has a slightly lower concentration of Securities, Commodities, and Financial Services Sales Agents than the national average. This suggests that while the profession is present, it is not as dominant a sector compared to other regions, potentially offering a less competitive environment for new entrants but also indicating a smaller overall demand pool.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near South Central Kentucky nonmetropolitan area
Hiring Securities, Commodities, and Financial Services Sales Agentss?
Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in South Central Kentucky nonmetropolitan area?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in South Central Kentucky nonmetropolitan area is $65,990. This typically ranges from $34,200 for entry-level positions to $107,860 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in South Central Kentucky nonmetropolitan area is 40.2% lower than the national median of $110,380.
Is South Central Kentucky nonmetropolitan area a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
No, it is not considered a highly lucrative area compared to national averages.The average salary of $65,990 is significantly below the national average of $110,380, indicating lower earning potential in this specific region.
Is South Central Kentucky nonmetropolitan area a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in South Central Kentucky nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near South Central Kentucky nonmetropolitan area?
Some top paying nearby cities include Lexington-Fayette, KY ($77,460) and Elizabethtown, KY.
How does the local salary compare to the national average?
The average salary for Securities, Commodities, and Financial Services Sales Agents in South Central Kentucky is $65,990, which is substantially lower than the national average of $110,380.
What is the concentration of this job role in South Central Kentucky?
The concentration, measured by the location quotient, is 0.71, meaning there are fewer of these professionals per worker in South Central Kentucky compared to the national average.
How does the cost of living affect the salary?
The cost of living in South Central Kentucky is at the national average (100), meaning the $65,990 salary offers purchasing power equivalent to the national average, despite being lower than the national salary.
What is the total number of these jobs in the area?
There are approximately 370 Securities, Commodities, and Financial Services Sales Agents employed in the South Central Kentucky nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 370 employees in the South Central Kentucky nonmetropolitan area area with a job density of 2.163 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 South Central Kentucky nonmetropolitan area