Average Insurance Sales Agents Salary in Barnstable Town, MA
Insurance Sales Agents in Barnstable Town, MA, command an impressive average annual salary of $106,420, significantly exceeding the national average of $81,510. This elevated compensation is likely influenced by the specialized nature of insurance sales and potentially a higher demand for experienced professionals within this specific coastal community.
Executive Summary
- Average Salary: $106,420 per year.
- Growth Trend: Salaries have shifted 34.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $201,100.
- Outlook: With a local workforce of 220 Insurance Sales Agents and a Location Quotient of 0.78, Barnstable Town exhibits a slightly below-average concentration compared to the national landscape. While not a major hub, the presence of 2.39 jobs per 1,000 workers suggests a stable, albeit niche, demand for these professionals within the local economy.
Salary Overview
The average Insurance Sales Agents in Barnstable Town, MA earns+30.6%above the national average.
$51.2
$2,047
$8,868
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for Barnstable Town is not provided, it is generally assumed 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 salary trend for skilled agents.
Insurance Sales Agents Salary Distribution in Barnstable Town, MA
The career trajectory for Insurance Sales Agents typically involves significant salary growth with experience. Entry-level positions may start at a lower percentile, but as agents build a client base, develop expertise in complex policies, and achieve sales targets, their earnings can ascend to higher percentiles, reflecting increased value and productivity.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $45,090 | $21.7 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $79,815 | $38.4 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $77,730 | $37.4 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $133,025 | $64 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $201,100 | $96.7 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$106,420
Gross Pay
Real Wage (Purchasing Power)
$106,420
Adjusted for COL (100)
An average annual salary of $106,420 in Barnstable Town, MA, aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of an Insurance Sales Agent's income in Barnstable Town is equivalent to the national average, offering a balanced lifestyle without significant financial strain due to local expenses.
Job Market Context
220
Total Jobs
2.39
Per 1K Jobs
0.78
Location Quotient
Barnstable Town, MA 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.
The Location Quotient of 0.78 indicates that Barnstable Town has a slightly lower concentration of Insurance Sales Agents relative to the national average. This suggests that while the market is not oversaturated, there is a steady presence of these professionals, implying a competitive yet accessible environment for both new entrants and established agents.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Providence-Warwick, RI-MA Insurance Sales Agents Salary | $85,450↓ 20% | 58 mi |
| Boston-Cambridge-Newton, MA-NH Insurance Sales Agents Salary | $101,760↓ 4% | 59 mi |
| Massachusetts nonmetropolitan area Insurance Sales Agents Salary | $118,090↑ 11% | 73 mi |
| Worcester, MA Insurance Sales Agents Salary | $94,790↓ 11% | 87 mi |
| Norwich-New London-Willimantic, CT Insurance Sales Agents Salary | $114,600↑ 8% | 93 mi |
Comparing salaries near Barnstable Town, MA
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Barnstable Town, MA?
The median annual salary for a Insurance Sales Agents in Barnstable Town, MA is $106,420. This typically ranges from $45,090 for entry-level positions to $201,100 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Barnstable Town, MA is 30.6% higher than the national median of $81,510.
Is Barnstable Town, MA a lucrative place for Insurance Sales Agentss?
Yes, Barnstable Town, MA is a lucrative location for Insurance Sales Agents.The average salary of $106,420 significantly surpasses the national average, and the cost of living is on par with the national index, indicating strong earning potential.
Is Barnstable Town, MA a good place to live for Insurance Sales Agents?
The Cost of Living Index in Barnstable Town, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Barnstable Town, MA?
Some top paying nearby cities include Providence-Warwick, RI-MA ($85,450) and Boston-Cambridge-Newton, MA-NH.
How does the Barnstable Town salary compare to the national average?
The average annual salary for Insurance Sales Agents in Barnstable Town, MA is $106,420, which is considerably higher than the national average of $81,510.
What is the concentration of Insurance Sales Agents in Barnstable Town?
The concentration, measured by the Location Quotient, is 0.78, meaning there are fewer Insurance Sales Agents per capita in Barnstable Town compared to the national average.
Does the cost of living affect the Barnstable Town salary?
No, the cost of living in Barnstable Town is exactly at the national average (100), so the higher nominal salary translates directly to strong purchasing power.
What is the total number of Insurance Sales Agents in Barnstable Town?
There are approximately 220 Insurance Sales Agents employed in Barnstable Town, MA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Barnstable Town, MA area with a job density of 2.39 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Insurance Sales Agents Salaries by State
Top Jobs in Barnstable Town, MA
- All Occupations Salary in Barnstable Town, MA
- Food Preparation and Serving Related Occupations Salary in Barnstable Town, MA
- Office and Administrative Support Occupations Salary in Barnstable Town, MA
- Sales and Related Occupations Salary in Barnstable Town, MA
- Management Occupations Salary in Barnstable Town, MA
- Transportation and Material Moving Occupations Salary in Barnstable Town, MA
- Healthcare Practitioners and Technical Occupations Salary in Barnstable Town, MA
- Educational Instruction and Library Occupations Salary in Barnstable Town, MA
- Construction and Extraction Occupations Salary in Barnstable Town, MA
- Building and Grounds Cleaning and Maintenance Occupations Salary in Barnstable Town, MA
- Browse All Jobs in Barnstable Town, MA →
Semantic Salary Analysis for Insurance Sales Agents • Data source: BLS OEWS 2024 •Jobs in Barnstable Town, MA