Average Securities, Commodities, and Financial Services Sales Agents Salary in Waco, TX
Securities, Commodities, and Financial Services Sales Agents in Waco, TX, earn an average annual salary of $87,220. This figure is notably below the national average of $110,380, suggesting that local market dynamics and demand play a significant role in compensation within this Texas city. Factors such as the concentration of financial services firms and the overall economic landscape of Waco likely contribute to this pay differential.
Executive Summary
- Average Salary: $87,220 per year.
- Growth Trend: Salaries have shifted 37.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $187,030.
- Outlook: The job market for Securities, Commodities, and Financial Services Sales Agents in Waco, TX, presents a stable, albeit not exceptionally concentrated, landscape. With a total local workforce of 320 individuals in this role and a Location Quotient of 0.81, the demand is slightly below the national average. This indicates a steady but not rapidly expanding need for these professionals, suggesting a consistent job availability for qualified candidates.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Waco, TX earns-21.0%below the national average.
$41.9
$1,677
$7,268
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data for Waco is not provided, it is reasonable to assume that salaries for Securities, Commodities, and Financial Services Sales Agents have experienced gradual growth over the past four years, mirroring national trends. Economic recovery, increased market activity, and inflation typically drive upward adjustments in compensation for skilled financial professionals across most regions.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Waco, TX
Career progression for Securities, Commodities, and Financial Services Sales Agents typically sees 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 base can command salaries well above the average. The percentile gaps in earnings clearly signify the substantial rewards associated with advancing in this career path.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $45,050 | $21.7 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $65,415 | $31.4 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $58,020 | $27.9 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $109,025 | $52.4 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $187,030 | $89.9 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$87,220
Gross Pay
Real Wage (Purchasing Power)
$87,220
Adjusted for COL (100)
For professionals considering a move to Waco, TX, the nominal salary of $87,220 aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an agent's salary in Waco is equivalent to the national average, offering stability in terms of lifestyle and affordability without the premium often associated with higher-paying, high-cost-of-living metropolitan areas.
Job Market Context
320
Total Jobs
2.494
Per 1K Jobs
0.81
Location Quotient
Waco, TX has 0.81x 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.
The Location Quotient of 0.81 for Securities, Commodities, and Financial Services Sales Agents in Waco, TX, indicates a market that is slightly less concentrated than the national average. This suggests that while the profession is present and functional, it is not a dominant industry hub. Consequently, job seekers might find fewer openings compared to more saturated markets, but also potentially less intense competition for available roles.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near Waco, TX
Hiring Securities, Commodities, and Financial Services Sales Agentss?
Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Waco, TX?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Waco, TX is $87,220. This typically ranges from $45,050 for entry-level positions to $187,030 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waco, TX is 21.0% lower than the national median of $110,380.
Is Waco, TX a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
No, not as lucrative as the national average.While the average salary of $87,220 is respectable, it falls below the national average of $110,380. However, the cost of living in Waco matches the national average, offering equivalent purchasing power.
Is Waco, TX a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Waco, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waco, TX?
Some top paying nearby cities include North Region of Texas nonmetropolitan area ($121,450) and Northwestern Region of Texas nonmetropolitan area.
How does the Waco job market compare to national averages for this role?
The job market in Waco is slightly less concentrated than the national average, with a Location Quotient of 0.81, indicating a steady but not booming demand for these professionals.
What is the average salary for a Securities, Commodities, and Financial Services Sales Agent in Waco, TX?
The average annual salary for a Securities, Commodities, and Financial Services Sales Agent in Waco, TX, is $87,220.
How does the cost of living in Waco affect salary perception?
Waco's Cost of Living Index is 100, matching the national average. This means the $87,220 salary offers purchasing power equivalent to the national average, making it relatively stable.
What does the Location Quotient of 0.81 signify for job seekers in Waco?
A Location Quotient of 0.81 suggests that Waco has a slightly lower concentration of these jobs compared to the national average, implying a stable job market with 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 320 employees in the Waco, TX area with a job density of 2.494 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 Waco, TX