Average Insurance Sales Agents Salary in Bridgeport-Stamford-Danbury, CT
Insurance Sales Agents in the Bridgeport-Stamford-Danbury, CT area earn an average annual salary of $76,920. This figure is slightly below the national average of $81,510, suggesting a nuanced compensation landscape. Local economic factors and industry demand within this specific Connecticut region play a significant role in shaping these earnings.
Executive Summary
- Average Salary: $76,920 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $134,130.
- Outlook: With a local workforce of 1,190 Insurance Sales Agents and a Location Quotient of 0.97, the job market in Bridgeport-Stamford-Danbury indicates a stable, albeit slightly less concentrated, presence of this profession compared to the national average. The density of 2.954 jobs per 1,000 workers suggests a consistent demand for insurance professionals within the region.
Salary Overview
The average Insurance Sales Agents in Bridgeport-Stamford-Danbury, CT earns-5.6%below the national average.
$37
$1,479
$6,410
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for this localized segment is not provided, it is generally assumed that salaries for Insurance Sales Agents across the nation, including in the Bridgeport-Stamford-Danbury area, have experienced steady growth over the past four years. This trend is typically driven by inflation, evolving market demands, and increasing complexity in insurance products and services.
Insurance Sales Agents Salary Distribution in Bridgeport-Stamford-Danbury, CT
Career progression for Insurance Sales Agents significantly impacts earning potential. Entry-level positions typically start at the lower end of the salary spectrum, while seasoned professionals with extensive experience and a proven track record can command substantially higher incomes. The percentile gaps in salary distribution reflect this scaling, with senior agents often earning well above the average.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $36,560 | $17.6 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $57,690 | $27.7 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $60,250 | $29 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $96,150 | $46.2 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $134,130 | $64.5 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$76,920
Gross Pay
Real Wage (Purchasing Power)
$76,920
Adjusted for COL (100)
The average annual salary of $76,920 in Bridgeport-Stamford-Danbury, CT, 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 this region is equivalent to the national standard, offering a stable financial environment without the premium or discount typically associated with higher or lower cost-of-living areas.
Job Market Context
1,190
Total Jobs
2.954
Per 1K Jobs
0.97
Location Quotient
Bridgeport-Stamford-Danbury, CT has 0.97x 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.
The Location Quotient of 0.97 for Insurance Sales Agents in Bridgeport-Stamford-Danbury, CT, signifies that the concentration of these professionals is very close to the national average. This suggests a competitive yet accessible job market, where opportunities are readily available without being overly saturated, providing a balanced environment for both job seekers and employers.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| New Haven, CT Insurance Sales Agents Salary | $97,050↑ 26% | 16 mi |
| Waterbury-Shelton, CT Insurance Sales Agents Salary | $106,220↑ 38% | 27 mi |
| Connecticut nonmetropolitan area Insurance Sales Agents Salary | $103,130↑ 34% | 36 mi |
| Hartford-West Hartford-East Hartford, CT Insurance Sales Agents Salary | $111,340↑ 45% | 48 mi |
| Kiryas Joel-Poughkeepsie-Newburgh, NY Insurance Sales Agents Salary | $86,440↑ 12% | 51 mi |
Comparing salaries near Bridgeport-Stamford-Danbury, CT
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Bridgeport-Stamford-Danbury, CT?
The median annual salary for a Insurance Sales Agents in Bridgeport-Stamford-Danbury, CT is $76,920. This typically ranges from $36,560 for entry-level positions to $134,130 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Bridgeport-Stamford-Danbury, CT is 5.6% lower than the national median of $81,510.
Is Bridgeport-Stamford-Danbury, CT a lucrative place for Insurance Sales Agentss?
No, not significantly more lucrative than the national average.While the average salary of $76,920 is substantial, it falls slightly below the national average of $81,510. The cost of living being at the national average means the salary's purchasing power is comparable, not superior.
Is Bridgeport-Stamford-Danbury, CT a good place to live for Insurance Sales Agents?
The Cost of Living Index in Bridgeport-Stamford-Danbury, CT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Bridgeport-Stamford-Danbury, CT?
Some top paying nearby cities include New Haven, CT ($97,050) and Waterbury-Shelton, CT.
How does the local workforce size affect job opportunities?
A local workforce of 1,190 Insurance Sales Agents indicates a solid base of professionals, suggesting established industry presence and ongoing demand for related services within the Bridgeport-Stamford-Danbury area.
What does a Location Quotient of 0.97 mean for job seekers?
A Location Quotient of 0.97 means the concentration of Insurance Sales Agents in Bridgeport-Stamford-Danbury is nearly identical to the national average, indicating a balanced job market with moderate competition.
How does the cost of living impact the Insurance Sales Agent salary in Bridgeport?
With a Cost of Living Index of 100, the $76,920 salary in Bridgeport-Stamford-Danbury has the same purchasing power as the national average salary, meaning it is neither inflated nor deflated by local expenses.
Are there many Insurance Sales Agent jobs per 1,000 workers in Bridgeport?
Yes, with 2.954 jobs per 1,000 workers, the density of Insurance Sales Agent roles in Bridgeport-Stamford-Danbury is robust, reflecting consistent employment opportunities within the sector.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,190 employees in the Bridgeport-Stamford-Danbury, CT area with a job density of 2.954 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Insurance Sales Agents Salaries by State
Top Jobs in Bridgeport-Stamford-Danbury, CT
- All Occupations Salary in Bridgeport-Stamford-Danbury, CT
- Office and Administrative Support Occupations Salary in Bridgeport-Stamford-Danbury, CT
- Management Occupations Salary in Bridgeport-Stamford-Danbury, CT
- Sales and Related Occupations Salary in Bridgeport-Stamford-Danbury, CT
- Food Preparation and Serving Related Occupations Salary in Bridgeport-Stamford-Danbury, CT
- Educational Instruction and Library Occupations Salary in Bridgeport-Stamford-Danbury, CT
- Business and Financial Operations Occupations Salary in Bridgeport-Stamford-Danbury, CT
- Healthcare Practitioners and Technical Occupations Salary in Bridgeport-Stamford-Danbury, CT
- Transportation and Material Moving Occupations Salary in Bridgeport-Stamford-Danbury, CT
- Healthcare Support Occupations Salary in Bridgeport-Stamford-Danbury, CT
- Browse All Jobs in Bridgeport-Stamford-Danbury, CT →
Semantic Salary Analysis for Insurance Sales Agents • Data source: BLS OEWS 2024 •Jobs in Bridgeport-Stamford-Danbury, CT