Average Insurance Sales Agents Salary in Boston-Cambridge-Newton, MA-NH
Insurance Sales Agents in the Boston-Cambridge-Newton, MA-NH area earn a substantial average annual salary of $101,760, significantly outpacing the national average of $81,510. This elevated compensation is largely driven by the region's robust economy and the specialized demand for financial services professionals within this major metropolitan hub.
Executive Summary
- Average Salary: $101,760 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $203,410.
- Outlook: With a local workforce of 7,770 Insurance Sales Agents and a Location Quotient of 0.94, the market in Boston-Cambridge-Newton, MA-NH indicates a healthy, albeit slightly below national average concentration of these professionals. The presence of nearly 3 agents per 1,000 workers suggests a stable demand that aligns closely with national employment patterns, offering a solid job market for those in the field.
Salary Overview
The average Insurance Sales Agents in Boston-Cambridge-Newton, MA-NH earns+24.8%above the national average.
$48.9
$1,957
$8,480
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Insurance Sales Agents in a dynamic market like Boston-Cambridge-Newton, MA-NH have experienced consistent growth over the past four years. Economic expansion, inflation, and increasing demand for insurance products typically drive upward salary trends for skilled professionals in major metropolitan areas.
Insurance Sales Agents Salary Distribution in Boston-Cambridge-Newton, MA-NH
Career progression for Insurance Sales Agents in Boston-Cambridge-Newton, MA-NH is clearly reflected in salary potential. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with proven track records and specialized expertise can command salaries in the upper percentiles, significantly exceeding the average. These percentile gaps underscore the substantial earning potential tied to experience and performance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $38,520 | $18.5 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $76,320 | $36.7 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $76,570 | $36.8 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $127,200 | $61.2 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $203,410 | $97.8 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$101,760
Gross Pay
Real Wage (Purchasing Power)
$101,760
Adjusted for COL (100)
The average annual salary of $101,760 in Boston-Cambridge-Newton, MA-NH aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that while the nominal salary is high, the purchasing power of that salary is equivalent to the national average, indicating that the higher wages are balanced by the cost of living in this major metropolitan area.
Job Market Context
7,770
Total Jobs
2.871
Per 1K Jobs
0.94
Location Quotient
Boston-Cambridge-Newton, MA-NH has 0.94x 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.
A Location Quotient of 0.94 suggests that Insurance Sales Agents are present in the Boston-Cambridge-Newton, MA-NH market at a rate very close to the national average. This indicates a competitive yet stable job market where demand and supply are relatively balanced, without an over-saturation or significant undersupply of professionals.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Massachusetts nonmetropolitan area Insurance Sales Agents Salary | $118,090↑ 16% | 24 mi |
| Worcester, MA Insurance Sales Agents Salary | $94,790↓ 7% | 37 mi |
| Providence-Warwick, RI-MA Insurance Sales Agents Salary | $85,450↓ 16% | 38 mi |
| Manchester-Nashua, NH Insurance Sales Agents Salary | $75,880↓ 25% | 50 mi |
| Barnstable Town, MA Insurance Sales Agents Salary | $106,420↑ 5% | 59 mi |
Comparing salaries near Boston-Cambridge-Newton, MA-NH
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Frequently Asked Questions
How much does a Insurance Sales Agents make in Boston-Cambridge-Newton, MA-NH?
The median annual salary for a Insurance Sales Agents in Boston-Cambridge-Newton, MA-NH is $101,760. This typically ranges from $38,520 for entry-level positions to $203,410 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Boston-Cambridge-Newton, MA-NH is 24.8% higher than the national median of $81,510.
Is Boston-Cambridge-Newton, MA-NH a lucrative place for Insurance Sales Agentss?
Yes, it is a lucrative place for Insurance Sales Agents.The average salary of $101,760 significantly exceeds the national average, and while the cost of living is at the national average, the higher nominal wage offers strong earning potential.
Is Boston-Cambridge-Newton, MA-NH a good place to live for Insurance Sales Agents?
The Cost of Living Index in Boston-Cambridge-Newton, MA-NH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Boston-Cambridge-Newton, MA-NH?
Some top paying nearby cities include Massachusetts nonmetropolitan area ($118,090) and Worcester, MA.
How does the Boston insurance market compare to the national average in terms of agent concentration?
The Location Quotient of 0.94 indicates that the concentration of Insurance Sales Agents in Boston-Cambridge-Newton, MA-NH is very close to, but slightly below, the national average.
What is the total number of Insurance Sales Agents in the Boston area?
The Boston-Cambridge-Newton, MA-NH metropolitan area employs approximately 7,770 Insurance Sales Agents.
Does the high salary in Boston reflect a higher cost of living?
The average salary of $101,760 in Boston is balanced by a Cost of Living Index of 100, which is the national average. This suggests that the increased earnings are offset by the typical expenses of living in a major metropolitan area.
What does 'Jobs per 1,000 Workers' mean for this role in Boston?
The figure of 2.871 jobs per 1,000 workers indicates the density of Insurance Sales Agent positions relative to the overall workforce in the Boston-Cambridge-Newton, MA-NH area, showing a consistent presence of these roles.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 7,770 employees in the Boston-Cambridge-Newton, MA-NH area with a job density of 2.871 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 Boston-Cambridge-Newton, MA-NH