Average Insurance Sales Agents Salary in Akron, OH
Insurance Sales Agents in Akron, OH, earn an average annual salary of $69,510. This figure is notably below the national average of $81,510, suggesting that local market dynamics and potentially lower demand contribute to this compensation difference. While the cost of living in Akron is on par with the national average, the salary differential warrants closer examination.
Executive Summary
- Average Salary: $69,510 per year.
- Growth Trend: Salaries have shifted 2.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $95,830.
- Outlook: Akron's market for Insurance Sales Agents appears stable, with a total local workforce of 960 individuals in this role. The Location Quotient of 0.98 indicates a concentration very close to the national average, suggesting a balanced presence of these professionals. With 2.993 jobs per 1,000 workers, the demand is consistent with broader economic trends, pointing towards a steady, albeit not rapidly expanding, job market.
Salary Overview
The average Insurance Sales Agents in Akron, OH earns-14.7%below the national average.
$33.4
$1,337
$5,793
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for Akron is not provided, it is reasonable to assume that salaries for Insurance Sales Agents in the region have experienced gradual growth over the past four years, mirroring national trends. Economic recovery, evolving insurance needs, and inflation typically drive modest annual increases in compensation for sales professionals.
Insurance Sales Agents Salary Distribution in Akron, OH
Career progression for Insurance Sales Agents in Akron, as elsewhere, is typically marked by increasing earning potential. Entry-level positions may start closer to the lower end of the salary spectrum, while seasoned agents with established client bases and proven sales records can command significantly higher incomes. The percentile gaps in salary distribution reflect this experience-based scaling, with senior agents often earning well above the average.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $37,460 | $18 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $52,133 | $25.1 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $54,050 | $26 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $86,888 | $41.8 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $95,830 | $46.1 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$69,510
Gross Pay
Real Wage (Purchasing Power)
$69,510
Adjusted for COL (100)
The average annual salary of $69,510 in Akron, OH, aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that the purchasing power of an Insurance Sales Agent's salary in Akron is equivalent to that of someone earning the national average salary in a location with a national average cost of living. Therefore, the nominal salary effectively translates to a comparable standard of living.
Job Market Context
960
Total Jobs
2.993
Per 1K Jobs
0.98
Location Quotient
Akron, OH has 0.98x the national average concentration of Insurance Sales Agents jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
With a Location Quotient of 0.98, the market for Insurance Sales Agents in Akron is nearly identical in concentration to the national average. This suggests a competitive yet stable environment where the number of agents is proportional to the general workforce. It implies that while opportunities exist, the market is not oversaturated, nor is it experiencing a significant shortage of professionals.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Canton-Massillon, OH Insurance Sales Agents Salary | $70,910↑ 2% | 20 mi |
| Cleveland, OH Insurance Sales Agents Salary | $87,910↑ 26% | 29 mi |
| Youngstown-Warren, OH Insurance Sales Agents Salary | $58,300↓ 16% | 46 mi |
| Mansfield, OH Insurance Sales Agents Salary | $58,390↓ 16% | 57 mi |
| Sandusky, OH Insurance Sales Agents Salary | $67,590↓ 3% | 66 mi |
Comparing salaries near Akron, OH
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Frequently Asked Questions
How much does a Insurance Sales Agents make in Akron, OH?
The median annual salary for a Insurance Sales Agents in Akron, OH is $69,510. This typically ranges from $37,460 for entry-level positions to $95,830 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Akron, OH is 14.7% lower than the national median of $81,510.
Is Akron, OH a lucrative place for Insurance Sales Agents?
No, not exceptionally lucrative compared to the national average.While the cost of living is average, the average salary of $69,510 is below the national average of $81,510. This indicates that while stable, the earning potential may not be as high as in other regions.
Is Akron, OH a good place to live for Insurance Sales Agents?
The Cost of Living Index in Akron, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Akron, OH?
Some top paying nearby cities include Canton-Massillon, OH ($70,910) and Cleveland, OH.
How does Akron's Insurance Sales Agent salary compare to the national average?
The average salary for Insurance Sales Agents in Akron, OH, is $69,510, which is lower than the national average of $81,510.
What is the concentration of Insurance Sales Agents in Akron, OH?
Akron has a Location Quotient of 0.98 for Insurance Sales Agents, indicating a concentration very close to the national average.
How does the cost of living in Akron affect the salary?
Akron's Cost of Living Index is 100, meaning it's average. Therefore, the $69,510 salary offers purchasing power equivalent to the national average.
What does the number of jobs per 1,000 workers indicate for this role in Akron?
With 2.993 jobs per 1,000 workers, the demand for Insurance Sales Agents in Akron is consistent with national employment patterns.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 960 employees in the Akron, OH area with a job density of 2.993 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Insurance Sales Agents • Data source: BLS OEWS 2024 •Jobs in Akron, OH