Average Insurance Sales Agents Salary in Bloomington, IN
Insurance Sales Agents in Bloomington, IN, earn an average annual salary of $79,760. This figure is slightly below the national average of $81,510, indicating a minor regional adjustment in compensation. Factors such as the local economic landscape and the specific demand within the Bloomington market likely influence this pay scale.
Executive Summary
- Average Salary: $79,760 per year.
- Growth Trend: Salaries have shifted 108.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $128,210.
- Outlook: The Bloomington, IN market for Insurance Sales Agents appears stable, with a total local workforce of 250 professionals. A Location Quotient of 1.1 suggests that this profession is slightly more concentrated in Bloomington than the national average, implying a steady, if not growing, demand for these services within the community.
Salary Overview
The average Insurance Sales Agents in Bloomington, IN earns-2.1%below the national average.
$38.4
$1,534
$6,647
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for Bloomington is not provided, the insurance industry nationwide has generally seen consistent salary growth over the past four years. It is reasonable to assume that Insurance Sales Agents in Bloomington have also experienced incremental increases in their earnings, reflecting broader economic trends and evolving market demands.
Insurance Sales Agents Salary Distribution in Bloomington, IN
Salary progression for Insurance Sales Agents in Bloomington, IN, typically correlates with experience. Entry-level positions might start closer to the lower percentiles, while seasoned agents with a proven track record and extensive client networks can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies substantial career growth potential and increased earning capacity.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $36,960 | $17.8 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $59,820 | $28.8 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $61,380 | $29.5 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $99,700 | $47.9 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $128,210 | $61.6 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$79,760
Gross Pay
Real Wage (Purchasing Power)
$79,760
Adjusted for COL (100)
With a Cost of Living Index of 100, Bloomington, IN, is perfectly aligned with the national average. This means the nominal salary of $79,760 for Insurance Sales Agents offers a purchasing power equivalent to the national average, making relocation financially neutral from a cost-of-living perspective.
Job Market Context
250
Total Jobs
3.355
Per 1K Jobs
1.1
Location Quotient
With a location quotient of 1.10, Bloomington, IN has a slightly higher-than-average concentration of Insurance Sales Agents roles compared to the national norm.
A Location Quotient of 1.1 indicates that Insurance Sales Agents are slightly more prevalent in Bloomington, IN, compared to the national average. This suggests a healthy, competitive market where the demand for insurance services is robust, offering good opportunities for both new entrants and experienced professionals.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Columbus, IN Insurance Sales Agents Salary | $90,800↑ 14% | 33 mi |
| Indianapolis-Carmel-Greenwood, IN Insurance Sales Agents Salary | $87,780↑ 10% | 47 mi |
| Northern Indiana nonmetropolitan area Insurance Sales Agents Salary | $74,260↓ 7% | 49 mi |
| Southern Indiana nonmetropolitan area Insurance Sales Agents Salary | $66,420↓ 17% | 49 mi |
| Central Indiana nonmetropolitan area Insurance Sales Agents Salary | $84,840↑ 6% | 49 mi |
Comparing salaries near Bloomington, IN
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Bloomington, IN?
The median annual salary for a Insurance Sales Agents in Bloomington, IN is $79,760. This typically ranges from $36,960 for entry-level positions to $128,210 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Bloomington, IN is 2.1% lower than the national median of $81,510.
Is Bloomington, IN a lucrative place for Insurance Sales Agentss?
Yes, Bloomington, IN offers competitive earnings for Insurance Sales Agents.The average salary of $79,760 is close to the national average, and the cost of living is exactly at the national average, providing good purchasing power. The slightly higher concentration of agents (LQ 1.1) also points to a healthy demand for their services.
Is Bloomington, IN a good place to live for Insurance Sales Agents?
The Cost of Living Index in Bloomington, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Bloomington, IN?
Some top paying nearby cities include Columbus, IN ($90,800) and Indianapolis-Carmel-Greenwood, IN.
How does the Bloomington salary compare to the national average?
The average annual salary for Insurance Sales Agents in Bloomington, IN, is $79,760, which is slightly lower than the national average of $81,510.
What is the cost of living in Bloomington, IN for Insurance Sales Agents?
Bloomington, IN has a Cost of Living Index of 100, which is exactly the national average. This means your salary will have the same purchasing power as it would nationally.
How concentrated is the Insurance Sales Agent profession in Bloomington?
The Location Quotient for Insurance Sales Agents in Bloomington is 1.1, indicating a slightly higher concentration of these professionals compared to the national average.
What does the number of jobs per 1,000 workers signify?
With 3.355 jobs per 1,000 workers, this metric suggests a moderate presence and demand for Insurance Sales Agents within Bloomington's overall employment landscape.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the Bloomington, IN area with a job density of 3.355 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 Bloomington, IN