Average Insurance Sales Agents Salary in Birmingham, AL
Insurance Sales Agents in Birmingham, AL, command an impressive average annual salary of $98,570, significantly surpassing the national average of $81,510. This elevated compensation is often driven by the specific market demands and the concentration of insurance-related businesses within the Birmingham metropolitan area, creating a favorable environment for sales professionals.
Executive Summary
- Average Salary: $98,570 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $165,690.
- Outlook: Birmingham presents a robust job market for Insurance Sales Agents, evidenced by a substantial local workforce of 3,010 individuals. The Location Quotient of 1.91 indicates a demand for these professionals that is nearly double the national average, suggesting strong job security and potential for growth within the sector.
Salary Overview
The average Insurance Sales Agents in Birmingham, AL earns+20.9%above the national average.
$47.4
$1,896
$8,214
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 Birmingham has experienced consistent growth over the past four years, mirroring national trends. Factors such as increasing insurance needs, evolving market dynamics, and inflation likely contribute to a positive trajectory in earning potential for professionals in this field.
Insurance Sales Agents Salary Distribution in Birmingham, AL
Career progression for Insurance Sales Agents in Birmingham is typically marked by a significant increase in earning potential. Entry-level positions might start closer to the lower percentiles, while seasoned agents with proven track records and specialized expertise can command salaries well into the upper percentiles, reflecting years of experience and successful client acquisition.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $36,910 | $17.7 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $73,928 | $35.5 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $74,050 | $35.6 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $123,213 | $59.2 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $165,690 | $79.7 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$98,570
Gross Pay
Real Wage (Purchasing Power)
$98,570
Adjusted for COL (100)
Relocating to Birmingham, AL, as an Insurance Sales Agent offers a financially advantageous proposition. With an average salary of $98,570 and a Cost of Living Index at the national average of 100, your earnings will maintain strong purchasing power, allowing for a comfortable lifestyle without the premium often associated with higher-paying cities.
Job Market Context
3,010
Total Jobs
5.818
Per 1K Jobs
1.91
Location Quotient
Birmingham, AL has 1.9x the national concentration of Insurance Sales Agents jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
The Location Quotient of 1.91 for Insurance Sales Agents in Birmingham signifies a highly concentrated and in-demand job market. This indicates that the presence of these professionals is significantly higher than the national average, suggesting a competitive yet opportunity-rich environment where specialized skills are highly valued.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Tuscaloosa, AL Insurance Sales Agents Salary | $93,480↓ 5% | 47 mi |
| Northeast Alabama nonmetropolitan area Insurance Sales Agents Salary | $102,950↑ 4% | 50 mi |
| Southeast Alabama nonmetropolitan area Insurance Sales Agents Salary | $77,390↓ 21% | 50 mi |
| Northwest Alabama nonmetropolitan area Insurance Sales Agents Salary | $69,470↓ 30% | 50 mi |
| Southwest Alabama nonmetropolitan area Insurance Sales Agents Salary | $72,100↓ 27% | 50 mi |
Comparing salaries near Birmingham, AL
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Birmingham, AL?
The median annual salary for a Insurance Sales Agents in Birmingham, AL is $98,570. This typically ranges from $36,910 for entry-level positions to $165,690 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Birmingham, AL is 20.9% higher than the national median of $81,510.
Is Birmingham, AL a lucrative place for Insurance Sales Agentss?
Yes, Birmingham, AL is a lucrative location for Insurance Sales Agents.With an average salary of $98,570, which is substantially higher than the national average, and a cost of living at the national benchmark, professionals can expect strong financial returns.
Is Birmingham, AL a good place to live for Insurance Sales Agents?
The Cost of Living Index in Birmingham, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Birmingham, AL?
Some top paying nearby cities include Tuscaloosa, AL ($93,480) and Northeast Alabama nonmetropolitan area.
How does the Birmingham insurance job market compare to the national average?
The Birmingham insurance job market is more concentrated than the national average, with a Location Quotient of 1.91, indicating a higher density of Insurance Sales Agents relative to the general workforce.
What is the average salary for an Insurance Sales Agent in Birmingham, AL?
The average annual salary for an Insurance Sales Agent in Birmingham, AL, is $98,570.
How does the cost of living in Birmingham affect the salary?
The cost of living in Birmingham is at the national average (100), meaning the $98,570 salary offers excellent purchasing power compared to the national median.
What does the number of jobs per 1,000 workers indicate for this role in Birmingham?
With 5.818 jobs per 1,000 workers, Birmingham shows a healthy demand for Insurance Sales Agents, exceeding the national average and suggesting ample employment opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,010 employees in the Birmingham, AL area with a job density of 5.818 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 Birmingham, AL