Average Insurance Sales Agents Salary in Binghamton, NY
Yes, Binghamton, NY is a highly lucrative market for Insurance Sales Agentss. With an average annual salary of $129,150, professionals here earn significantly more than the national norm.
Executive Summary
- Average Salary: $129,150 per year.
- Growth Trend: Salaries have shifted 57.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $177,840.
- Outlook: The current demand for Insurance Sales Agentss is stable, with a local workforce of approximately 130 professionals. This role remains a specialized component of the broader Binghamton, NY economy.
Salary Overview
The average Insurance Sales Agents in Binghamton, NY earns+58.4%above the national average.
$62.1
$2,484
$10,763
Insurance Sales Agents Salary Trends (2020-2024)
Over the past 4 years, Insurance Sales Agents salaries in Binghamton, NY have experienced a rapid surge, growing by 57.6%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Insurance Sales Agents Salary Distribution in Binghamton, NY
The earning potential for Insurance Sales Agentss in Binghamton, NY varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 5.0x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $35,440, while highly experienced professionals can command wages upwards of $177,840.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $35,440 | $17 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $96,863 | $46.6 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $58,710 | $28.2 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $161,438 | $77.6 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $177,840 | $85.5 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$129,150
Gross Pay
Real Wage (Purchasing Power)
$129,150
Adjusted for COL (100)
In Binghamton, NY, the Cost of Living Index is 100. This increases your effective purchasing power from $129,150 to $129,150.
Job Market Context
130
Total Jobs
1.316
Per 1K Jobs
0.43
Location Quotient
At 0.43x, Binghamton, NY has a notably lower concentration of Insurance Sales Agents jobs than the national average. Opportunities in this area are relatively scarce for this profession.
130 people work as Insurance Sales Agents in Binghamton, NY.
1.316 out of every 1,000 local jobs are Insurance Sales Agents positions — a typical concentration.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Ithaca, NY Insurance Sales Agents Salary | $82,010↓ 37% | 39 mi |
| Elmira, NY Insurance Sales Agents Salary | $70,640↓ 45% | 46 mi |
| Southwest New York nonmetropolitan area Insurance Sales Agents Salary | $64,580↓ 50% | 49 mi |
| Central East New York nonmetropolitan area Insurance Sales Agents Salary | $84,500↓ 35% | 49 mi |
| Capital/Northern New York nonmetropolitan area Insurance Sales Agents Salary | $76,170↓ 41% | 49 mi |
Comparing salaries near Binghamton, NY
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Binghamton, NY?
The median annual salary for a Insurance Sales Agents in Binghamton, NY is $129,150. This typically ranges from $35,440 for entry-level positions to $177,840 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Binghamton, NY is 58.4% higher than the national median of $81,510.
Is Binghamton, NY a good place for Insurance Sales Agentss?
Yes, Binghamton, NY is financially attractive for Insurance Sales Agentss. The average salary of $129,150 exceeds the national average. See distinct detailed breakdown below.
Is Binghamton, NY a good place to live for Insurance Sales Agents?
The Cost of Living Index in Binghamton, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Binghamton, NY?
Some top paying nearby cities include Ithaca, NY ($82,010) and Elmira, NY.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 130 employees in the Binghamton, NY area with a job density of 1.316 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 Binghamton, NY