Average Securities, Commodities, and Financial Services Sales Agents Salary in Spartanburg, SC
In Spartanburg, SC, Securities, Commodities, and Financial Services Sales Agents earn an average annual salary of $69,740. This figure is notably lower than the national average of $110,380, reflecting regional economic factors and the specific demand within the local market. The compensation structure in Spartanburg is influenced by the overall economic landscape and the concentration of financial services firms operating within the area.
Executive Summary
- Average Salary: $69,740 per year.
- Growth Trend: Salaries have shifted 10.7% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $128,060.
- Outlook: The job market for Securities, Commodities, and Financial Services Sales Agents in Spartanburg, SC, is moderately concentrated, with a Location Quotient of 0.7, indicating a slightly lower presence compared to the national average. The total local workforce of 350 professionals suggests a stable, albeit not expansive, employment base. While the demand isn't exceptionally high, the existing workforce size points to consistent opportunities for skilled individuals in this sector.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Spartanburg, SC earns-36.8%below the national average.
$33.5
$1,341
$5,812
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data for Spartanburg is not provided, it is generally assumed that the financial services sector, like many others, has experienced salary growth over the past four years. Market forces, inflation, and increasing demand for financial expertise typically drive upward salary trends. Professionals in this field can anticipate a gradual increase in earning potential as the market evolves and their own experience grows.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Spartanburg, SC
Career progression for Securities, Commodities, and Financial Services Sales Agents in Spartanburg, SC, is typically marked by a significant increase in earning potential. Entry-level positions might start closer to the lower end of the salary spectrum, while seasoned professionals with extensive experience and a proven track record can command salaries well above the average. The percentile gaps in salary clearly signify the value placed on experience, specialized knowledge, and client portfolio management.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $31,500 | $15.1 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $52,305 | $25.1 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $50,090 | $24.1 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $87,175 | $41.9 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $128,060 | $61.6 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$69,740
Gross Pay
Real Wage (Purchasing Power)
$69,740
Adjusted for COL (100)
The average annual salary of $69,740 in Spartanburg, SC, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers a purchasing power equivalent to the national average. Therefore, relocating professionals can expect their income to cover expenses at a standard rate, without significant financial strain or unexpected advantages due to cost of living differences.
Job Market Context
350
Total Jobs
2.133
Per 1K Jobs
0.7
Location Quotient
Spartanburg, SC has 0.70x 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 0.7, Spartanburg, SC, has a slightly lower concentration of Securities, Commodities, and Financial Services Sales Agents compared to the national average. This suggests that while the profession is present, it is not a dominant industry within the local economy. The job market may be less saturated, potentially offering opportunities for skilled individuals, but also indicating a more moderate level of demand relative to other regions.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near Spartanburg, SC
Hiring Securities, Commodities, and Financial Services Sales Agentss?
Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Spartanburg, SC?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Spartanburg, SC is $69,740. This typically ranges from $31,500 for entry-level positions to $128,060 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Spartanburg, SC is 36.8% lower than the national median of $110,380.
Is Spartanburg, SC a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
No, not when compared to the national average.The average salary of $69,740 is significantly lower than the national average of $110,380. While the cost of living is average, the nominal salary does not reflect the same earning potential seen in higher-paying regions.
Is Spartanburg, SC a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Spartanburg, SC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Spartanburg, SC?
Some top paying nearby cities include Greenville-Anderson-Greer, SC ($81,480) and Asheville, NC.
What is the average salary for this role in Spartanburg, SC?
The average annual salary for Securities, Commodities, and Financial Services Sales Agents in Spartanburg, SC, is $69,740.
How does Spartanburg's salary compare to the national average?
The average salary in Spartanburg ($69,740) is considerably lower than the national average of $110,380.
What is the Cost of Living in Spartanburg, SC?
Spartanburg, SC, has a Cost of Living Index of 100, which is exactly the national average.
How concentrated is this job role in Spartanburg, SC?
The concentration of this role in Spartanburg, SC, is indicated by a Location Quotient of 0.7, meaning it is less concentrated than the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 350 employees in the Spartanburg, SC area with a job density of 2.133 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 Spartanburg, SC