Average Insurance Sales Agents Salary in Bellingham, WA
Insurance Sales Agents in Bellingham, WA, earn an average annual salary of $71,710. This figure is notably below the national average of $81,510, suggesting that local market dynamics, such as demand and the cost of doing business, play a significant role in compensation levels within this specific region.
Executive Summary
- Average Salary: $71,710 per year.
- Growth Trend: Salaries have shifted 9.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $119,020.
- Outlook: With a local workforce of 290 Insurance Sales Agents and a Location Quotient of 1.03, Bellingham exhibits a concentration of these professionals that is slightly above the national average. This indicates a stable, albeit not rapidly expanding, job market for insurance sales roles, suggesting consistent demand for skilled agents within the community.
Salary Overview
The average Insurance Sales Agents in Bellingham, WA earns-12.0%below the national average.
$34.5
$1,379
$5,976
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salary for Insurance Sales Agents in Bellingham has experienced gradual growth over the past four years, mirroring general economic trends and inflation. This suggests a positive trajectory for earnings, although the pace of growth may be influenced by local economic conditions and industry-specific factors.
Insurance Sales Agents Salary Distribution in Bellingham, WA
The career path for an Insurance Sales Agent typically involves salary increases with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with a proven track record and established client base can command salaries in the higher percentiles. The difference between entry-level and senior roles signifies substantial career progression and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $36,450 | $17.5 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $53,783 | $25.9 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $56,850 | $27.3 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $89,638 | $43.1 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $119,020 | $57.2 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$71,710
Gross Pay
Real Wage (Purchasing Power)
$71,710
Adjusted for COL (100)
The average annual salary of $71,710 in Bellingham, WA, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an Insurance Sales Agent's salary in Bellingham is equivalent to the national average, indicating a balanced economic environment where wages generally match the cost of goods and services.
Job Market Context
290
Total Jobs
3.142
Per 1K Jobs
1.03
Location Quotient
With a location quotient of 1.03, Bellingham, WA has a slightly higher-than-average concentration of Insurance Sales Agents roles compared to the national norm.
A Location Quotient of 1.03 for Insurance Sales Agents in Bellingham signifies a slight overrepresentation of this profession compared to the national average. This suggests a moderately competitive market where the demand for insurance services is robust enough to support a concentration of agents slightly higher than what might be expected nationally, indicating a healthy local industry.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Mount Vernon-Anacortes, WA Insurance Sales Agents Salary | $61,870↓ 14% | 24 mi |
| Seattle-Tacoma-Bellevue, WA Insurance Sales Agents Salary | $85,210↑ 19% | 80 mi |
| Bremerton-Silverdale-Port Orchard, WA Insurance Sales Agents Salary | $55,380↓ 23% | 84 mi |
Comparing salaries near Bellingham, WA
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Bellingham, WA?
The median annual salary for a Insurance Sales Agents in Bellingham, WA is $71,710. This typically ranges from $36,450 for entry-level positions to $119,020 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Bellingham, WA is 12.0% lower than the national median of $81,510.
Is Bellingham, WA a lucrative place for Insurance Sales Agentss?
No, not significantly more lucrative than the national average.While the average salary of $71,710 is respectable, it falls below the national average of $81,510. However, the cost of living being at the national average means the salary's purchasing power is comparable.
Is Bellingham, WA a good place to live for Insurance Sales Agents?
The Cost of Living Index in Bellingham, WA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Bellingham, WA?
Some top paying nearby cities include Mount Vernon-Anacortes, WA ($61,870) and Seattle-Tacoma-Bellevue, WA.
How does the Bellingham salary compare to the national average?
The average annual salary for Insurance Sales Agents in Bellingham, WA, is $71,710, which is approximately $9,800 less than the national average of $81,510.
What is the concentration of Insurance Sales Agents in Bellingham?
Bellingham has a Location Quotient of 1.03 for Insurance Sales Agents, indicating a slightly higher concentration of these professionals compared to the national average.
How does the cost of living in Bellingham affect salary perception?
With a Cost of Living Index of 100, Bellingham's cost of living is exactly at the national average. This means the $71,710 salary has the same purchasing power as the national average salary.
What does the job market look like for Insurance Sales Agents in Bellingham?
The market appears stable with a workforce of 290 agents and a concentration slightly above the national average, suggesting consistent demand for insurance services in the area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 290 employees in the Bellingham, WA area with a job density of 3.142 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 Bellingham, WA