Average Insurance Sales Agents Salary in Burlington-South Burlington, VT
Insurance Sales Agents in Burlington-South Burlington, VT, command an impressive average annual salary of $101,480, significantly surpassing the national average of $81,510. This elevated compensation is likely influenced by a combination of regional economic factors and the specific demand for insurance expertise within the Vermont market.
Executive Summary
- Average Salary: $101,480 per year.
- Growth Trend: Salaries have shifted 46.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $188,170.
- Outlook: With a local workforce of 240 Insurance Sales Agents and a Location Quotient of 0.65, the Burlington-South Burlington market indicates a slightly lower concentration of these professionals compared to the national average. While not a hub, the presence of nearly 2 agents per 1,000 workers suggests a stable, albeit niche, demand for their services within the region.
Salary Overview
The average Insurance Sales Agents in Burlington-South Burlington, VT earns+24.5%above the national average.
$48.8
$1,952
$8,457
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Insurance Sales Agents in Burlington-South Burlington have experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, evolving insurance products, and increasing demand for financial security likely contribute to this upward salary trajectory.
Insurance Sales Agents Salary Distribution in Burlington-South Burlington, VT
Career progression for Insurance Sales Agents in Burlington-South Burlington typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned agents with established client bases and specialized knowledge can command salaries well into the upper percentiles, reflecting their value and proven track record.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $52,360 | $25.2 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $76,110 | $36.6 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $75,960 | $36.5 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $126,850 | $61 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $188,170 | $90.5 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$101,480
Gross Pay
Real Wage (Purchasing Power)
$101,480
Adjusted for COL (100)
The average annual salary of $101,480 in Burlington-South Burlington aligns perfectly with the national average cost of living (100). This means that the purchasing power of an Insurance Sales Agent's income in this area is equivalent to the national standard, offering a stable financial foundation without the premium often associated with high-cost-of-living areas.
Job Market Context
240
Total Jobs
1.969
Per 1K Jobs
0.65
Location Quotient
Burlington-South Burlington, VT has 0.65x 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 0.65 suggests that Insurance Sales Agents are less concentrated in Burlington-South Burlington than the national average. This implies that while the job market isn't saturated, there may be fewer opportunities compared to more densely populated regions, but also potentially less direct competition for skilled professionals.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Northern Vermont nonmetropolitan area Insurance Sales Agents Salary | $74,600↓ 26% | 40 mi |
| Southern Vermont nonmetropolitan area Insurance Sales Agents Salary | $81,730↓ 19% | 40 mi |
| Glens Falls, NY Insurance Sales Agents Salary | $81,430↓ 20% | 84 mi |
Comparing salaries near Burlington-South Burlington, VT
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Burlington-South Burlington, VT?
The median annual salary for a Insurance Sales Agents in Burlington-South Burlington, VT is $101,480. This typically ranges from $52,360 for entry-level positions to $188,170 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Burlington-South Burlington, VT is 24.5% higher than the national median of $81,510.
Is Burlington-South Burlington, VT a lucrative place for Insurance Sales Agentss?
Yes, it is a lucrative place for Insurance Sales Agents.The average salary of $101,480 significantly exceeds the national average, and the cost of living is on par with the national average, indicating strong earning potential.
Is Burlington-South Burlington, VT a good place to live for Insurance Sales Agents?
The Cost of Living Index in Burlington-South Burlington, VT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Burlington-South Burlington, VT?
Some top paying nearby cities include Northern Vermont nonmetropolitan area ($74,600) and Southern Vermont nonmetropolitan area.
How does the Burlington-South Burlington salary compare to the national average?
The average salary for Insurance Sales Agents in Burlington-South Burlington, VT, is $101,480, which is considerably higher than the national average of $81,510.
What is the cost of living in Burlington-South Burlington, VT for Insurance Sales Agents?
The cost of living index in Burlington-South Burlington, VT, is 100, which is the national average, meaning expenses are neither significantly higher nor lower than the typical US city.
How many Insurance Sales Agents are there in Burlington-South Burlington, VT?
There are approximately 240 Insurance Sales Agents employed in the Burlington-South Burlington, VT area.
Is the market for Insurance Sales Agents in Burlington-South Burlington, VT competitive?
With a Location Quotient of 0.65, the market is less concentrated than the national average, suggesting potentially less competition but also fewer available positions compared to national hubs.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Burlington-South Burlington, VT area with a job density of 1.969 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 Burlington-South Burlington, VT