Musical instrument & supplies stores

Industry Group

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Workforce
40.6k
2020 ACS Estimate
Average Employee Age
38.8
Average Salary
$35,551
Average Male Salary
$37,299
Average Female Salary
$36,982

About

The top three occupations in the Musical instrument & supplies stores Industry Group are Retail salespersons, Firstline supervisors of retail sales workers, Precision instrument & equipment repairers, Other teachers and instructors, and Customer service representatives. On average, full-time employees in the Musical instrument & supplies stores Industry Group work 43.1 hours per week and have an average annual salary of $45,311. Part-time employees in the same industry work 21.3 hours and earn an average annual salary of $14,989.

The locations with the highest concentration of employees in the Musical instrument & supplies stores Industry Group are Fort Wayne City (South) PUMA, IN, Allen County (Outside Fort Wayne City) PUMA, IN, and Iowa City PUMA, IA. 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 Chief executives & legislators.

Monthly Employment

Showing data for the Trade, Transportation, and Utilities industry sector.
Start Year
Y-Axis
9.62%
Year-over-year growth
Employment change between May 2020 and May 2021

As of May 2021, there are 27.4M people employed in the Trade, Transportation, and Utilities industry. This represents a 9.62% increase in employment when compared to May 2020.

This chart shows monthly employment numbers for Trade, Transportation, and Utilities over time (non-seasonally adjusted).

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Occupations

Occupations by Share

40.6k
Workforce (ACS Estimate)
± 4.95k
−0.00492%
1 Year Growth
± 17.2%

According to ACS estimates, the number of people employed in the Musical instrument & supplies stores Industry Group has been declining at a rate of −0.00492%, , from 40.6k people in 2019 to 40.6k people in 2020.

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 34.1%, followed by Firstline supervisors of retail sales workers with 16.7% and Precision instrument & equipment repairers with 9.06%.

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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, Precision instrument & equipment repairers, Other teachers and instructors, and Customer service representatives.

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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 Chief executives & legislators, Sales managers, and Wholesale & retail buyers, except farm products.

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Wages

Average Salary

$35,551
AVERAGE WAGE
± $4,539

On average, employees in the Musical instrument & supplies stores Industry Group make $35,551 per year. This number makes Musical instrument & supplies stores the 231 highest paying Industry Group in the United States out of a total of 269 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

0.429
WAGE GINI

Musical instrument & supplies stores has a wage GINI of 0.429, which is less than than the national average of 0.478. 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

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 $37,299 and $36,982. So too tend to earn more than other races and ethnicities in this industry.

Composition by Sex

10.2k
FEMALE WORKFORCE
±2.48k
30.5k
MALE WORKFORCE
±4.28k

75% of workers in the Musical instrument & supplies stores Industry Group are Male, making them the more common sex in the workforce. This chart shows the sex breakdown of the Musical instrument & supplies stores Industry Group.

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Wage by Sex in Common Jobs

$37,299
AVERAGE MALE SALARY
±$5,589
$36,982
AVERAGE FEMALE SALARY
±$6,086

On average, Male workers in the Musical instrument & supplies stores Industry Group make 1.01 times more than their Female counterparts. This chart shows the sex-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. Asian
  2. Other
  3. White

On average, Asian employees in the Musical instrument & supplies stores Industry Group earn 1.25 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 flow diagram, 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 closest comparable data for Musical instrument & supplies stores is from Retail Trade.

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 closest comparable data for Musical instrument & supplies stores is from Retail Trade.
LARGEST PURCHASING INDUSTRY

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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