Musical instrument & supplies stores

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Workforce

37.6k

2017 ACS Estimate

Average Employee Age

38.2

Estimated Job Growth

N/A%

10-Year Projection

Average Salary

$30,633

Average Male Salary

$31,657

Average Female Salary

$27,322

About

The top three occupations in the Musical instrument & supplies stores Industry Group are Retail salespersons, Firstline supervisors of retail sales workers, Other teachers & instructors, Precision instrument & equipment repairers, and Cashiers. On average, full-time employees in the Musical instrument & supplies stores Industry Group work 43 hours per week and have an average annual salary of $40,693. Part-time employees in the same industry work 20.6 hours and earn an average annual salary of $12,078.

The locations with the highest concentration of employees in the Musical instrument & supplies stores Industry Group are Fort Wayne City (South) PUMA, IN. The industry that purchases the most products or services from the Hospitals Industry Group is Musical instrument & supplies stores.

Workforce

A snapshot of jobs, wages, and opportunities in the Musical instrument & supplies stores Industry Group. Retail salespersons are the most common position, but the Musical instrument & supplies stores Industry Group employs a relatively high number of Precision instrument & equipment repairers, compared to other industries. 

The highest average salary in Musical instrument & supplies stores goes to Marketing & sales managers.

Occupations

Occupations by Share

37.6k

Workforce (ACS Estimate)

± 4.76k

-11%

1 Year Growth

± 19.6%

According to ACS estimates, the number of people employed in the Musical instrument & supplies stores Industry Group has been declining at a rate of -11%, , from 42.2k people in 2016 to 37.6k people in 2017.

The following graphic shows the share of employment in Musical instrument & supplies stores by various occupations according to ACS estimates. Retail salespersons represent the largest share of positions held in Musical instrument & supplies stores at 37.7%, followed by Firstline supervisors of retail sales workers with 11.1% and Other teachers & instructors with 10.8%.

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Most Common

The most common occupations in the Musical instrument & supplies stores Industry Group, by number of employees, are Retail salespersons, Firstline supervisors of retail sales workers, Other teachers & instructors, Precision instrument & equipment repairers, and Cashiers.

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Most Specialized

Compared to other Industry Groups, Musical instrument & supplies stores employs an unusually high number of Precision instrument & equipment repairers, Sales engineers, and Retail salespersons.

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Highest Paid

The highest paid occupations in Musical instrument & supplies stores, by average wage, are Marketing & sales managers, Miscellaneous managers, and Sales engineers.

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Wages

Average Salary

$30,633

AVERAGE WAGE

± $3,845

On average, employees in the Musical instrument & supplies stores Industry Group make $30,633 per year. This number makes Musical instrument & supplies stores the 235 highest paying Industry Group in the United States out of a total of 266 Industry Groups.

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Wage by Location

HIGHEST PAYING PUBLIC USE MICRODATA AREA

This map shows which public use microdata areas (PUMAs) pay the highest average salary to employees in the Musical instrument & supplies stores Industry Group.

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Wage Distribution

0.39

WAGE GINI

Musical instrument & supplies stores has a wage GINI of 0.39, which is less than than the national average of 0.479. In other words, wages are distributed more evenly in Musical instrument & supplies stores (shown in red) in comparison to the national average for those wage buckets (shown in gray).

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Opportunities

Spatial Concentration

Public Use Microdata Areas with RCA

This map shows the PUMAs in the United States that have revealed comparative advantage in the Musical instrument & supplies stores Industry Group.

These are locations that employ more people in the Musical instrument & supplies stores Industry Group than expected given both the size of that location's overall labor pool and the national size of the Musical instrument & supplies stores Industry Group.

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Diversity

Demographic information on the Musical instrument & supplies stores Industry Group in the US. Male employees tend to earn more than Female employees, with average respective salaries of $31,657 and $27,322. So too tend to earn more than other races and ethnicities in this industry.

Gender Composition

8.87k

FEMALE WORKFORCE

±2.31k

28.7k

MALE WORKFORCE

±4.16k

76.4% of workers in the Musical instrument & supplies stores Industry Group are Male, making them the more common gender in the workforce. This chart shows the gender breakdown of the Musical instrument & supplies stores Industry Group.

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Wage by Gender in Common Jobs

$31,657

AVERAGE MALE SALARY

±$4,670

$27,322

AVERAGE FEMALE SALARY

±$5,996

On average, Male workers in the Musical instrument & supplies stores Industry Group make 1.16 times more than their Female counterparts. This chart shows the gender-based wage disparity in the 5 most common occupations in the Musical instrument & supplies stores Industry Group.

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Wage by Race & Ethnicity in Common Jobs

RACE OR ETHNICITY WITH THE HIGHEST AVERAGE SALARY

  1. Other

  2. White

  3. Black

On average, Other employees in the Musical instrument & supplies stores Industry Group earn 1.14 times more than other races and ethnicities. This chart shows the race and ethnicity-based wage disparities in the 5 most common occupations in the Musical instrument & supplies stores Industry Group.

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Input/Output

Estimates of the sources of the costs and the purchasers of the products in the Musical instrument & supplies stores Industry Group. Based on estimates from the Bureau of Economic Analysis, this section indicates the amount of money spent by a specific industry in other industries. Professional and business services has the highest single input, by dollars, to the Musical instrument & supplies stores Industry Group, and the largest industry purchasing services from the Musical instrument & supplies stores Industry Group is Construction.

In this visualization, click on a category to expand or collapse it. All of the industries listed to the left are those places from which the highlighted industry has made purchases. They are the intermediate inputs to the highlighted industry. All those industries listed on the right side are those industries that have made purchases from the highlighted industry. They are the use of outputs of the highlighted industry. The visualizations below offer alternative ways to see and understand this data.

Industrial Flow

The closest comparable data for Musical instrument & supplies stores is from Retail Trade.

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Intermediate Inputs

The Musical instrument & supplies stores Industry Group gets the most input, by its share of the cost of all intermediate inputs, from the Professional and business services Industry. This visualization does not include labor and capital costs.

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Use of Output by Other Industries

The Construction Industry purchases the greatest share of products and services from the Musical instrument & supplies stores Industry Group in order to produce other goods and services. Purchases of the Musical instrument & supplies stores Industry Group for final consumption by consumers, businesses, or government are not included here.

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Projections

Growth projections of the Musical instrument & supplies stores Industry Group, both by number of employees and output, from the Bureau of Labor and Statistics. The national workforce is projected to grow 8.13% in the next ten years. The Musical instrument & supplies stores Industry Group has a lower projected workforce growth at N/A%. Its projected 10-year growth in output (N/A%) is lower than the projected national growth in output (24.6%).

Job Growth

N/A%

ESTIMATED GROWTH

This line chart shows the projected 10-year growth in the number of jobs for the Musical instrument & supplies stores Industry Group.

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Output Growth

N/A%

ESTIMATED GROWTH

This line chart shows the projected 10-year growth in output of the Musical instrument & supplies stores Industry Group.

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