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Saks Inc Salary

Saks Inc Salary

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As of September 2026, the average annual salary for employees at Saks Inc in the United States is $139,835. This translates to an approximate hourly wage of $67. Salaries at Saks Inc typically range from $122,736 to $158,545 annually, reflecting the diverse roles and experience levels within the company.
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Is Saks Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Saks Inc's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Jockey International Inc $111,102
-20.5%
Jockey International Inc may offer non-monetary perks in lieu of competitive base salaries.
Duckwall-ALCO Stores Inc $108,760
-22.2%
Typical compensation structure for smaller regional agencies like Duckwall-ALCO Stores Inc.
blue ocean commerce Inc $111,513
-20.3%
blue ocean commerce Inc likely leverages performance bonuses over the high base salary shown here.
May Department Stores Co $126,998
-9.2%
Normalized for lower cost-of-living zones where May Department Stores Co primarily operates.
Retail & Wholesale Industry $123,318
-11.8%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How Saks Inc's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Saks Inc. Click a company name to learn more.

Employee Reviews: Working at Saks Inc

Considering a career at Saks Inc? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
The company also offers competitive benefits. The Retail & Wholesale industry is competitive, and this company operates efficiently. I’ve had opportunities to grow and feel valued for my contributions. Leadership is approachable and fair.
Commented in April 09, 2025
27
3
The role meets expectations with a fair workload. The team is cooperative, and the company provides adequate resources. Leadership is transparent about company goals, which keeps everyone aligned. The benefits package is a strong advantage. This company is one of the best employers in the Retail & Wholesale space. The workplace culture is positive, making it a great environment to thrive in. The c...
Commented in March 06, 2025
10
1
The wholesale division is efficient, and managers are open to feedback. It’s a motivating place to work. The pay scale is competitive, and annual raises are fair. The leadership is engaged, and employees are given opportunities to take on new challenges.
Commented in January 31, 2025
36
3
The retail team is energetic, and the company offers good benefits. Compensation is above industry average, and performance-based rewards are common. I’ve had a positive experience and appreciate the work-life balance. Compensation is competitive, and performance reviews are conducted fairly. The wholesale division is efficient, and morale is high.
Commented in January 07, 2024
16
1

Saks Inc Overview

Website
www.saks.com
Founded In
Data pending, update soon.
Employees
1,000 - 3,000 employees
Industry
Retail & Wholesale
Headquarter Address
12 E 49th St New York City New York NY 10017
Revenue
$200 Million - $500 Million
Phone Number
+1 2127534000
Social Media
About Saks Inc
Founded in 1998, Saks Inc, previously known as Proffitt's Inc. is an operator of high-end department stores in the United States under the nameplate Saks Fifth Avenue. The company is based in New York.

What Benefits Does Saks Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Saks Inc offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near New York?

Understanding the cost of living near New York is key to truly evaluating a salary offer or your current compensation at Saks Inc.
New York City's Cost of Living Index is approximately 204.5 (104.5% more than US average; 63.5% more than NY average). Extremely expensive globally, driven by exorbitant housing. Extensive MTA subway/bus. When planning your budget based on a salary from Saks Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $3,500 - $5,000+ (Highly variable by borough) A significant portion of Saks Inc salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $127 (MTA 30-day MetroCard) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $450 - $700 Can be higher with more dining out or specialty stores.
Personal & Leisure $500 - $1,000+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $450 - $800+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $5,177 - $7,877+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Saks Inc

1. What is the estimated average total compensation at Saks Inc?

Salary.com estimates that the average total compensation package at Saks Inc, which can include base salary, potential bonuses, and benefits, is around $139,835 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Saks Inc pay compared to Jockey International Inc?

The average annual salary at Saks Inc is $139,835, or an hourly wage of $67, in comparison to Jockey International Inc which pays $111,102 per year or $53 per hour.

3. Do salaries differ significantly between departments at Saks Inc?

Yes, salaries often differ between departments at Saks Inc due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. What's the typical salary progression for an employee moving from an entry-level to a senior role at Saks Inc?

Salary progression from an entry-level to a senior role at Saks Inc can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

5. How can I determine if a salary offer from Saks Inc in New York is fair given the local cost of living?

To determine if a salary offer from Saks Inc in New York is fair, first compare the gross salary to our data for similar roles at Saks Inc and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for New York" to understand its purchasing power.

6. Are promotions at Saks Inc usually accompanied by a significant salary increase?

Yes, promotions at Saks Inc are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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