Average Insurance Sales Agents Salary in Augusta-Richmond County, GA-SC
Insurance Sales Agents in Augusta-Richmond County, GA-SC earn an average annual salary of $62,940, which is below the national average of $81,510. This disparity is often influenced by regional economic factors, industry demand, and the overall cost of doing business within the Augusta-Richmond County area.
Executive Summary
- Average Salary: $62,940 per year.
- Growth Trend: Salaries have shifted 27.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $105,570.
- Outlook: With a local workforce of 550 Insurance Sales Agents, Augusta-Richmond County presents a moderately sized job market. The Location Quotient of 0.78 suggests that the concentration of these roles is slightly below the national average, indicating a stable but not exceptionally high demand for new professionals in this sector.
Salary Overview
The average Insurance Sales Agents in Augusta-Richmond County, GA-SC earns-22.8%below the national average.
$30.3
$1,210
$5,245
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for Augusta-Richmond County is not provided, it is generally assumed that salaries for Insurance Sales Agents nationwide have experienced steady growth over the past four years, driven by inflation, increased demand for insurance products, and evolving market dynamics. This trend likely extends to the Augusta area, suggesting a positive trajectory for agent compensation.
Insurance Sales Agents Salary Distribution in Augusta-Richmond County, GA-SC
Salary progression for Insurance Sales Agents in Augusta-Richmond County typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with a proven track record and specialized skills can command significantly higher salaries, often reaching into the upper percentiles of the reported average.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $30,430 | $14.6 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $47,205 | $22.7 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $46,150 | $22.2 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $78,675 | $37.8 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $105,570 | $50.8 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$62,940
Gross Pay
Real Wage (Purchasing Power)
$62,940
Adjusted for COL (100)
The average annual salary of $62,940 in Augusta-Richmond County aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an Insurance Sales Agent's salary in this region is equivalent to the national standard, offering a balanced lifestyle without significant financial strain related to living expenses.
Job Market Context
550
Total Jobs
2.384
Per 1K Jobs
0.78
Location Quotient
Augusta-Richmond County, GA-SC has 0.78x 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.
A Location Quotient of 0.78 indicates that Augusta-Richmond County has a slightly lower concentration of Insurance Sales Agents compared to the national average. This suggests that while the market is established, it may offer opportunities for growth without being overly saturated, potentially providing a competitive edge for skilled agents entering or advancing within the local industry.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Northwestern South Carolina nonmetropolitan area Insurance Sales Agents Salary | $48,520↓ 23% | 73 mi |
| Northeastern South Carolina nonmetropolitan area Insurance Sales Agents Salary | $52,210↓ 17% | 73 mi |
| Southern South Carolina nonmetropolitan area Insurance Sales Agents Salary | $51,380↓ 18% | 73 mi |
| Columbia, SC Insurance Sales Agents Salary | $78,650↑ 25% | 82 mi |
| Athens-Clarke County, GA Insurance Sales Agents Salary | $95,530↑ 52% | 85 mi |
Comparing salaries near Augusta-Richmond County, GA-SC
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Augusta-Richmond County, GA-SC?
The median annual salary for a Insurance Sales Agents in Augusta-Richmond County, GA-SC is $62,940. This typically ranges from $30,430 for entry-level positions to $105,570 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Augusta-Richmond County, GA-SC is 22.8% lower than the national median of $81,510.
Is Augusta-Richmond County, GA-SC a lucrative place for Insurance Sales Agentss?
No, not more lucrative than the national average.The average salary of $62,940 is below the national average of $81,510, although the cost of living is on par with the national average.
Is Augusta-Richmond County, GA-SC a good place to live for Insurance Sales Agents?
The Cost of Living Index in Augusta-Richmond County, GA-SC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Augusta-Richmond County, GA-SC?
Some top paying nearby cities include Northwestern South Carolina nonmetropolitan area ($48,520) and Northeastern South Carolina nonmetropolitan area.
How does the Augusta-Richmond County salary compare to the national average?
The average annual salary for Insurance Sales Agents in Augusta-Richmond County is $62,940, which is notably lower than the national average of $81,510.
What is the Cost of Living in Augusta-Richmond County, GA-SC?
The Cost of Living Index in Augusta-Richmond County is 100, which is exactly the national average, indicating that living expenses are neither significantly higher nor lower than the typical US city.
How concentrated is the Insurance Sales Agent job market in Augusta?
The job market concentration, measured by the Location Quotient of 0.78, is slightly below the national average, suggesting a stable but not exceptionally dense presence of Insurance Sales Agents.
What is the total number of Insurance Sales Agents in Augusta-Richmond County?
There are approximately 550 Insurance Sales Agents employed in the Augusta-Richmond County area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 550 employees in the Augusta-Richmond County, GA-SC area with a job density of 2.384 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 Augusta-Richmond County, GA-SC