Securities, Commodities, and Financial Services Sales Agents in the West Central Illinois nonmetropolitan area earn an average annual salary of $96,260. This figure is notably below the national average of $110,380, reflecting regional economic factors and a smaller market size. The concentration of these roles in this specific area also plays a part in the localized compensation.
Executive Summary
- Average Salary: $96,260 per year.
- Growth Trend: Salaries have shifted 29.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $168,360.
- Outlook: With a total local workforce of 250 individuals in this specialized field, the West Central Illinois nonmetropolitan area presents a niche market for Securities, Commodities, and Financial Services Sales Agents. The Location Quotient of 0.47 indicates a lower concentration of these roles compared to the national average, suggesting a less saturated but potentially less dynamic job market.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in West Central Illinois nonmetropolitan area earns-12.8%below the national average.
$46.3
$1,851
$8,022
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is generally assumed that salaries for Securities, Commodities, and Financial Services Sales Agents across the United States have experienced steady growth over the past four years, driven by market fluctuations and evolving financial landscapes. This trend likely extends to West Central Illinois, albeit potentially at a different rate than national averages.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in West Central Illinois nonmetropolitan area
Salary progression for Securities, Commodities, and Financial Services Sales Agents typically scales significantly with experience. Entry-level positions may start considerably lower than the average, while seasoned professionals with a proven track record and established client portfolios can command salaries well above the $96,260 mark. The percentile gaps in earnings clearly signify the career trajectory and earning potential as one advances in this profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $37,360 | $18 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $72,195 | $34.7 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $75,620 | $36.4 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $120,325 | $57.8 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $168,360 | $80.9 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$96,260
Gross Pay
Real Wage (Purchasing Power)
$96,260
Adjusted for COL (100)
The average annual salary of $96,260 in West Central Illinois nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary holds its purchasing power directly against the national standard, offering a stable financial standing relative to national benchmarks for individuals considering relocation or residing in the area.
Job Market Context
250
Total Jobs
1.454
Per 1K Jobs
0.47
Location Quotient
At 0.47x, West Central Illinois nonmetropolitan area has a notably lower concentration of Securities, Commodities, and Financial Services Sales Agents jobs than the national average. Opportunities in this area are relatively scarce for this profession.
The Location Quotient of 0.47 for Securities, Commodities, and Financial Services Sales Agents in West Central Illinois nonmetropolitan area indicates that this profession is less concentrated here than the national average. This suggests that while job opportunities may be fewer, the competition might also be less intense, offering a unique market dynamic for those specializing in this field.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near West Central Illinois nonmetropolitan area
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Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in West Central Illinois nonmetropolitan area?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in West Central Illinois nonmetropolitan area is $96,260. This typically ranges from $37,360 for entry-level positions to $168,360 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in West Central Illinois nonmetropolitan area is 12.8% lower than the national median of $110,380.
Is West Central Illinois nonmetropolitan area a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
No, it is not as lucrative as the national average.The average salary of $96,260 is below the national average of $110,380, and the concentration of these jobs is less than half the national average.
Is West Central Illinois nonmetropolitan area a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in West Central Illinois nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near West Central Illinois nonmetropolitan area?
Some top paying nearby cities include Bloomington, IL ($76,950) and Decatur, IL.
How does the local workforce size affect job prospects?
A smaller local workforce of 250 suggests a more specialized and potentially less competitive job market, but also fewer overall opportunities compared to larger metropolitan areas.
What does a Location Quotient of 0.47 mean?
A Location Quotient of 0.47 signifies that Securities, Commodities, and Financial Services Sales Agents are less prevalent in West Central Illinois nonmetropolitan area than the national average, indicating a lower concentration of these roles.
How does the Cost of Living compare nationally?
The Cost of Living Index is 100, which is exactly the national average, meaning that the purchasing power of the local salary is on par with the national standard.
Are there many jobs per 1,000 workers for this role in the area?
There are 1.454 jobs per 1,000 workers, which is a moderate figure that reflects the specialized nature of the role within the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the West Central Illinois nonmetropolitan area area with a job density of 1.454 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 West Central Illinois nonmetropolitan area