Average Insurance Sales Agents Salary in Atlantic City-Hammonton, NJ
Insurance Sales Agents in the Atlantic City-Hammonton, NJ area command an impressive average annual salary of $94,210, significantly surpassing the national average of $81,510. This elevated compensation is likely influenced by a combination of local market dynamics and the specific demands of the insurance sector within this region, potentially reflecting a higher concentration of specialized insurance needs or a competitive landscape driving up pay for skilled professionals.
Executive Summary
- Average Salary: $94,210 per year.
- Growth Trend: Salaries have shifted 44.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $154,450.
- Outlook: The local job market for Insurance Sales Agents in Atlantic City-Hammonton, NJ, while not exceptionally concentrated with a Location Quotient of 0.68, still represents a stable employment base with 340 professionals. The presence of 2.061 jobs per 1,000 workers indicates a consistent, albeit not booming, demand for these services, suggesting a steady environment for those in or looking to enter the field.
Salary Overview
The average Insurance Sales Agents in Atlantic City-Hammonton, NJ earns+15.6%above the national average.
$45.3
$1,812
$7,851
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the insurance industry, like many others, has experienced salary growth over the past four years. Factors such as inflation, evolving market demands, and increased complexity in insurance products likely contribute to a positive trend in compensation for Insurance Sales Agents, reflecting their growing value and expertise.
Insurance Sales Agents Salary Distribution in Atlantic City-Hammonton, NJ
Career progression for Insurance Sales Agents typically correlates with increased earning potential. Entry-level positions may start closer to the lower end of the salary spectrum, while seasoned professionals with extensive experience and a proven track record can command significantly higher salaries, often reaching into the upper percentiles. The gap between entry-level and senior roles signifies substantial opportunities for financial growth through skill development and client acquisition.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $48,900 | $23.5 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $70,658 | $34 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $76,830 | $36.9 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $117,763 | $56.6 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $154,450 | $74.3 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$94,210
Gross Pay
Real Wage (Purchasing Power)
$94,210
Adjusted for COL (100)
For Insurance Sales Agents considering a move to Atlantic City-Hammonton, NJ, the average salary of $94,210 aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of this salary is comparable to the national standard, offering a stable financial foundation without the immediate pressure of significantly higher or lower living expenses.
Job Market Context
340
Total Jobs
2.061
Per 1K Jobs
0.68
Location Quotient
Atlantic City-Hammonton, NJ has 0.68x 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 0.68, the Atlantic City-Hammonton, NJ market is less concentrated with Insurance Sales Agents compared to the national average. This suggests that while the profession is present and valued, the market may not be oversaturated, potentially offering good opportunities for skilled agents to establish themselves and capture market share without facing intense competition from a disproportionately large pool of peers.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Vineland, NJ Insurance Sales Agents Salary | $83,840↓ 11% | 30 mi |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Insurance Sales Agents Salary | $92,530↓ 2% | 55 mi |
| Dover, DE Insurance Sales Agents Salary | $62,060↓ 34% | 59 mi |
| Trenton-Princeton, NJ Insurance Sales Agents Salary | $79,400↓ 16% | 61 mi |
Comparing salaries near Atlantic City-Hammonton, NJ
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Atlantic City-Hammonton, NJ?
The median annual salary for a Insurance Sales Agents in Atlantic City-Hammonton, NJ is $94,210. This typically ranges from $48,900 for entry-level positions to $154,450 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Atlantic City-Hammonton, NJ is 15.6% higher than the national median of $81,510.
Is Atlantic City-Hammonton, NJ a lucrative place for Insurance Sales Agentss?
Yes, it is a lucrative place for Insurance Sales Agents.The average salary of $94,210 significantly exceeds the national average, and the cost of living is at the national benchmark, indicating strong earning potential.
Is Atlantic City-Hammonton, NJ a good place to live for Insurance Sales Agents?
The Cost of Living Index in Atlantic City-Hammonton, NJ is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Atlantic City-Hammonton, NJ?
Some top paying nearby cities include Vineland, NJ ($83,840) and Philadelphia-Camden-Wilmington, PA-NJ-DE-MD.
How does the local salary compare to the national average?
The average annual salary for Insurance Sales Agents in Atlantic City-Hammonton, NJ is $94,210, which is notably higher than the national average of $81,510.
What is the concentration of Insurance Sales Agents in this area?
The concentration of Insurance Sales Agents in Atlantic City-Hammonton, NJ is below the national average, with a Location Quotient of 0.68, suggesting a less saturated market compared to the rest of the country.
Does the cost of living affect the value of the salary?
No, the cost of living in Atlantic City-Hammonton, NJ is exactly at the national average (index of 100), meaning the higher salary provides purchasing power equivalent to the national standard.
What does the total local workforce number indicate?
The total local workforce of 340 Insurance Sales Agents indicates a stable, established presence of the profession within the Atlantic City-Hammonton, NJ area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 340 employees in the Atlantic City-Hammonton, NJ area with a job density of 2.061 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 Atlantic City-Hammonton, NJ