Average Insurance Sales Agents Salary in Canton-Massillon, OH
Insurance Sales Agents in Canton-Massillon, OH, earn an average annual salary of $70,910. This figure is notably below the national average of $81,510, suggesting that local market dynamics, such as demand and the concentration of industry players, may influence compensation levels in this Ohio region. The specific economic landscape of Canton-Massillon plays a crucial role in shaping these salary outcomes for insurance professionals.
Executive Summary
- Average Salary: $70,910 per year.
- Growth Trend: Salaries have shifted 13.3% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $106,530.
- Outlook: The job market for Insurance Sales Agents in Canton-Massillon, OH, appears stable, with a total local workforce of 480 professionals. The location quotient of 0.96 indicates a concentration of these roles that is very close to the national average, suggesting a consistent, albeit not exceptionally high, demand for insurance sales expertise within the region. The presence of nearly 3 jobs per 1,000 workers further reinforces the steady employment opportunities available.
Salary Overview
The average Insurance Sales Agents in Canton-Massillon, OH earns-13.0%below the national average.
$34.1
$1,364
$5,909
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for Canton-Massillon is not provided, it is generally observed that the insurance industry, like many others, experiences gradual salary growth over time due to inflation, increased demand for specialized skills, and evolving market conditions. It is reasonable to assume that Insurance Sales Agents in this area have likely seen their average earnings trend upwards over the past four years, mirroring broader economic and industry advancements.
Insurance Sales Agents Salary Distribution in Canton-Massillon, OH
The career trajectory for an Insurance Sales Agent typically involves significant salary progression with experience. Entry-level positions often start at a lower percentile, while seasoned professionals with a proven track record and specialized knowledge can command salaries in the higher percentiles. The gap between entry-level and senior roles highlights the substantial earning potential and career advancement opportunities available through skill development and accumulated experience in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $37,360 | $18 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $53,183 | $25.6 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $59,810 | $28.8 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $88,638 | $42.6 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $106,530 | $51.2 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$70,910
Gross Pay
Real Wage (Purchasing Power)
$70,910
Adjusted for COL (100)
For professionals considering a move to Canton-Massillon, OH, the average salary of $70,910 aligns perfectly with the local Cost of Living Index of 100, which is precisely the national average. This means that the purchasing power of an Insurance Sales Agent's income in Canton-Massillon is equivalent to the national standard, offering a stable financial environment without the immediate pressure of higher or lower living expenses.
Job Market Context
480
Total Jobs
2.935
Per 1K Jobs
0.96
Location Quotient
Canton-Massillon, OH has 0.96x 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.
With a Location Quotient of 0.96, Canton-Massillon, OH, presents a job market for Insurance Sales Agents that is nearly on par with the national average in terms of industry concentration. This suggests a balanced market where the number of insurance sales roles is neither significantly over-represented nor under-represented compared to the rest of the country, indicating a competitive yet accessible environment for professionals in this sector.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Akron, OH Insurance Sales Agents Salary | $69,510↓ 2% | 20 mi |
| Youngstown-Warren, OH Insurance Sales Agents Salary | $58,300↓ 18% | 43 mi |
| Cleveland, OH Insurance Sales Agents Salary | $87,910↑ 24% | 49 mi |
| Weirton-Steubenville, WV-OH Insurance Sales Agents Salary | $53,520↓ 25% | 50 mi |
| Mansfield, OH Insurance Sales Agents Salary | $58,390↓ 18% | 61 mi |
Comparing salaries near Canton-Massillon, OH
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Canton-Massillon, OH?
The median annual salary for a Insurance Sales Agents in Canton-Massillon, OH is $70,910. This typically ranges from $37,360 for entry-level positions to $106,530 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Canton-Massillon, OH is 13.0% lower than the national median of $81,510.
Is Canton-Massillon, OH a lucrative place for Insurance Sales Agentss?
No, not significantly more lucrative than the national average.While the average salary of $70,910 is respectable, it falls below the national average of $81,510. However, the cost of living is exactly at the national average, meaning the nominal salary offers standard purchasing power.
Is Canton-Massillon, OH a good place to live for Insurance Sales Agents?
The Cost of Living Index in Canton-Massillon, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Canton-Massillon, OH?
Some top paying nearby cities include Akron, OH ($69,510) and Youngstown-Warren, OH.
How does the Canton-Massillon salary compare to the national average?
The average annual salary for Insurance Sales Agents in Canton-Massillon, OH, is $70,910, which is approximately $10,600 less than the national average of $81,510.
What is the concentration of Insurance Sales Agents in Canton-Massillon, OH?
The concentration, measured by the Location Quotient, is 0.96, indicating that the presence of Insurance Sales Agents in Canton-Massillon is very close to the national average.
Does the cost of living affect the salary's value in Canton-Massillon, OH?
No, the cost of living in Canton-Massillon is exactly at the national average (100), meaning the $70,910 salary has the same purchasing power as the national average salary.
How many Insurance Sales Agents are there in Canton-Massillon, OH?
There are approximately 480 Insurance Sales Agents employed in the Canton-Massillon, OH area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 480 employees in the Canton-Massillon, OH area with a job density of 2.935 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 Canton-Massillon, OH