Average Insurance Sales Agents Salary in Alexandria, LA
Insurance Sales Agents in Alexandria, Louisiana, earn an average annual salary of $54,740. This figure is notably lower than the national average of $81,510, suggesting that local market dynamics and potentially lower demand contribute to this compensation difference. The specific economic landscape of Alexandria shapes the earning potential for this profession.
Executive Summary
- Average Salary: $54,740 per year.
- Growth Trend: Salaries have shifted 1.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $82,700.
- Outlook: With a total local workforce of 230 Insurance Sales Agents, Alexandria presents a modest but stable job market for this role. The Location Quotient of 1.26 indicates a slightly higher concentration of these professionals compared to the national average, suggesting a consistent, albeit not booming, demand for their services within the region.
Salary Overview
The average Insurance Sales Agents in Alexandria, LA earns-32.8%below the national average.
$26.3
$1,053
$4,562
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for Alexandria is not provided, it is reasonable to assume that salaries for Insurance Sales Agents have experienced gradual growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased demand for insurance products, and the evolving complexity of financial services.
Insurance Sales Agents Salary Distribution in Alexandria, LA
Career progression for Insurance Sales Agents in Alexandria typically involves moving from entry-level positions to more senior roles, which are accompanied by significant salary increases. The gap between the lowest and highest earners, often represented by percentile differences, signifies the substantial earning potential available to experienced and high-performing agents.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $36,290 | $17.4 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $41,055 | $19.7 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $48,910 | $23.5 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $68,425 | $32.9 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $82,700 | $39.8 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$54,740
Gross Pay
Real Wage (Purchasing Power)
$54,740
Adjusted for COL (100)
The average annual salary of $54,740 in Alexandria, LA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, making the compensation relatively stable in terms of real value within the local economic context.
Job Market Context
230
Total Jobs
3.841
Per 1K Jobs
1.26
Location Quotient
With a location quotient of 1.26, Alexandria, LA has a slightly higher-than-average concentration of Insurance Sales Agents roles compared to the national norm.
A Location Quotient of 1.26 signifies that Insurance Sales Agents are more concentrated in Alexandria, LA, than the national average. This suggests a healthy presence and potentially a competitive market, where the demand is slightly elevated relative to the overall workforce, offering opportunities for skilled professionals.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Southwest Louisiana nonmetropolitan area Insurance Sales Agents Salary | $59,490↑ 9% | 37 mi |
| Central Louisiana nonmetropolitan area Insurance Sales Agents Salary | $50,330↓ 8% | 37 mi |
| Northeast Louisiana nonmetropolitan area Insurance Sales Agents Salary | $54,150↓ 1% | 37 mi |
| Lafayette, LA Insurance Sales Agents Salary | $62,210↑ 14% | 79 mi |
Comparing salaries near Alexandria, LA
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Frequently Asked Questions
How much does a Insurance Sales Agents make in Alexandria, LA?
The median annual salary for a Insurance Sales Agents in Alexandria, LA is $54,740. This typically ranges from $36,290 for entry-level positions to $82,700 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Alexandria, LA is 32.8% lower than the national median of $81,510.
Is Alexandria, LA a lucrative place for Insurance Sales Agentss?
No, not compared to the national average.While the salary aligns with the local cost of living, the average of $54,740 is significantly lower than the national average of $81,510. The concentration of agents suggests a stable, but not exceptionally high-paying, market.
Is Alexandria, LA a good place to live for Insurance Sales Agents?
The Cost of Living Index in Alexandria, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Alexandria, LA?
Some top paying nearby cities include Southwest Louisiana nonmetropolitan area ($59,490) and Central Louisiana nonmetropolitan area.
How does the number of Insurance Sales Agents in Alexandria compare nationally?
Alexandria has 3.841 Insurance Sales Agents per 1,000 workers, which is slightly above the national average, indicating a moderate presence of this profession.
What is the significance of the Location Quotient for Insurance Sales Agents in Alexandria?
A Location Quotient of 1.26 means that Insurance Sales Agents are 26% more concentrated in Alexandria than the national average, suggesting a slightly higher demand or a more established presence of the industry there.
Does experience impact salary for Insurance Sales Agents in Alexandria?
Yes, experience is a key driver of salary increases, with senior agents typically earning substantially more than entry-level professionals, reflecting a clear career progression path.
How does the cost of living affect the $54,740 salary in Alexandria?
With a Cost of Living Index of 100, the national average, the $54,740 salary in Alexandria offers purchasing power equivalent to the national average, indicating a balanced economic environment for residents.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Alexandria, LA area with a job density of 3.841 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 Alexandria, LA