Average Insurance Sales Agents Salary in Appleton, WI
Insurance Sales Agents in Appleton, WI, earn an average annual salary of $79,890. This figure is slightly below the national average of $81,510, indicating a localized compensation structure influenced by regional economic factors and demand within the Appleton area. While slightly lower than the national benchmark, this salary reflects the specific market dynamics for insurance professionals in Wisconsin.
Executive Summary
- Average Salary: $79,890 per year.
- Growth Trend: Salaries have shifted 9.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $134,170.
- Outlook: The insurance sales sector in Appleton, WI, demonstrates a notable concentration, with a Location Quotient of 1.48, significantly exceeding the national average. This suggests a robust demand and a specialized market for these professionals within the local workforce of 560 individuals. The presence of 4.506 jobs per 1,000 workers further underscores the relative abundance and importance of insurance sales roles in the region's employment landscape.
Salary Overview
The average Insurance Sales Agents in Appleton, WI earns-2.0%below the national average.
$38.4
$1,536
$6,658
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for Appleton is not provided, it is reasonable to assume that salaries for Insurance Sales Agents have experienced consistent growth over the past four years, mirroring national trends. Economic expansion, evolving insurance needs, and inflation typically drive upward adjustments in compensation, ensuring that agents' earnings keep pace with the broader economic environment and the increasing value they provide.
Insurance Sales Agents Salary Distribution in Appleton, WI
Compensation for Insurance Sales Agents in Appleton, WI, naturally scales with experience. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with a proven track record and extensive client networks can command significantly higher salaries. The percentile distribution of earnings highlights this progression, with senior agents occupying the higher salary brackets, reflecting their accumulated expertise and market value.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $48,000 | $23.1 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $59,918 | $28.8 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $64,180 | $30.9 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $99,863 | $48 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $134,170 | $64.5 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$79,890
Gross Pay
Real Wage (Purchasing Power)
$79,890
Adjusted for COL (100)
The nominal average annual salary of $79,890 in Appleton, WI, is perfectly balanced by a Cost of Living Index of 100, which is precisely the national average. This means that the purchasing power of an Insurance Sales Agent's income in Appleton is equivalent to that of their national counterparts, offering stability and predictable living expenses without the burden of higher costs often associated with metropolitan areas.
Job Market Context
560
Total Jobs
4.506
Per 1K Jobs
1.48
Location Quotient
With a location quotient of 1.48, Appleton, WI has a slightly higher-than-average concentration of Insurance Sales Agents roles compared to the national norm.
With a Location Quotient of 1.48, Appleton, WI, presents a market where Insurance Sales Agents are more concentrated than the national average. This indicates a specialized and potentially competitive environment, suggesting that employers may actively seek out skilled agents. The higher concentration implies that the local economy relies more heavily on insurance sales professionals relative to other industries, creating a dynamic job market for those in this field.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Oshkosh-Neenah, WI Insurance Sales Agents Salary | $96,490↑ 21% | 20 mi |
| Green Bay, WI Insurance Sales Agents Salary | $95,570↑ 20% | 26 mi |
| Fond du Lac, WI Insurance Sales Agents Salary | $110,650↑ 39% | 35 mi |
| Sheboygan, WI Insurance Sales Agents Salary | $76,780↓ 4% | 49 mi |
| South Central Wisconsin nonmetropolitan area Insurance Sales Agents Salary | $72,320↓ 9% | 61 mi |
Comparing salaries near Appleton, WI
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Appleton, WI?
The median annual salary for a Insurance Sales Agents in Appleton, WI is $79,890. This typically ranges from $48,000 for entry-level positions to $134,170 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Appleton, WI is 2.0% lower than the national median of $81,510.
Is Appleton, WI a lucrative place for Insurance Sales Agentss?
Yes, Appleton, WI offers a stable and competitive environment for Insurance Sales Agents.The average salary of $79,890 aligns perfectly with the national average cost of living, ensuring strong purchasing power. Furthermore, the high concentration of insurance roles (LQ of 1.48) indicates robust local demand.
Is Appleton, WI a good place to live for Insurance Sales Agents?
The Cost of Living Index in Appleton, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Appleton, WI?
Some top paying nearby cities include Oshkosh-Neenah, WI ($96,490) and Green Bay, WI.
How does the Appleton salary compare to the national average?
The average salary for Insurance Sales Agents in Appleton, WI, is $79,890, which is slightly below the national average of $81,510.
What is the Cost of Living in Appleton, WI?
Appleton, WI has a Cost of Living Index of 100, which is exactly the national average, meaning living expenses are neither higher nor lower than the typical U.S. city.
Is there high demand for Insurance Sales Agents in Appleton, WI?
Yes, the Location Quotient of 1.48 suggests a higher concentration of insurance sales jobs in Appleton compared to the national average, indicating strong local demand.
How many Insurance Sales Agents are there in Appleton, WI?
The total local workforce for Insurance Sales Agents in Appleton, WI, is approximately 560 individuals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 560 employees in the Appleton, WI area with a job density of 4.506 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 Appleton, WI