Average Insurance Sales Agents Salary in Central East New York nonmetropolitan area
Insurance Sales Agents in the Central East New York nonmetropolitan area earn an average annual salary of $84,500, surpassing the national average of $81,510. This slightly elevated compensation reflects the unique economic dynamics and potentially specialized demand within this region, even as it maintains a national average cost of living.
Executive Summary
- Average Salary: $84,500 per year.
- Growth Trend: Salaries have shifted 30.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $165,910.
- Outlook: With a local workforce of 340 Insurance Sales Agents, the Central East New York nonmetropolitan area presents a stable, albeit not hyper-concentrated, job market. The Location Quotient of 0.71 suggests a slightly lower concentration of these professionals compared to the national average, indicating a steady demand that aligns with the overall workforce size.
Salary Overview
The average Insurance Sales Agents in Central East New York nonmetropolitan area earns+3.7%above the national average.
$40.6
$1,625
$7,042
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the compensation for Insurance Sales Agents in the Central East New York nonmetropolitan area has seen consistent growth over the past four years, mirroring national trends. This upward trajectory is typically driven by inflation, increasing demand for insurance products, and the evolving complexity of financial services.
Insurance Sales Agents Salary Distribution in Central East New York nonmetropolitan area
Career progression for Insurance Sales Agents in this region, as elsewhere, is marked by increasing earning potential. Entry-level positions typically start at lower percentiles, while seasoned professionals with extensive experience and a proven track record can command salaries in the upper percentiles. The salary distribution signifies clear opportunities for advancement and increased remuneration with accumulated expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $35,920 | $17.3 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $63,375 | $30.5 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $58,220 | $28 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $105,625 | $50.8 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $165,910 | $79.8 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$84,500
Gross Pay
Real Wage (Purchasing Power)
$84,500
Adjusted for COL (100)
The average annual salary of $84,500 in the Central East New York nonmetropolitan area 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 average, offering a stable financial environment without significant cost advantages or disadvantages.
Job Market Context
340
Total Jobs
2.154
Per 1K Jobs
0.71
Location Quotient
Central East New York nonmetropolitan area has 0.71x 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 0.71 indicates that Insurance Sales Agents are slightly less concentrated in the Central East New York nonmetropolitan area compared to the national average. This suggests a market that is neither oversaturated nor experiencing extreme scarcity, offering a balanced environment for both job seekers and employers.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Binghamton, NY Insurance Sales Agents Salary | $129,150↑ 53% | 49 mi |
| Kingston, NY Insurance Sales Agents Salary | $80,630↓ 5% | 51 mi |
| Scranton--Wilkes-Barre, PA Insurance Sales Agents Salary | $69,010↓ 18% | 64 mi |
| Utica-Rome, NY Insurance Sales Agents Salary | $95,050↑ 12% | 66 mi |
| Albany-Schenectady-Troy, NY Insurance Sales Agents Salary | $113,690↑ 35% | 68 mi |
Comparing salaries near Central East New York nonmetropolitan area
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Frequently Asked Questions
How much does a Insurance Sales Agents make in Central East New York nonmetropolitan area?
The median annual salary for a Insurance Sales Agents in Central East New York nonmetropolitan area is $84,500. This typically ranges from $35,920 for entry-level positions to $165,910 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Central East New York nonmetropolitan area is 3.7% higher than the national median of $81,510.
Is Central East New York nonmetropolitan area a lucrative place for Insurance Sales Agentss?
Yes, it offers slightly above-average earnings.Insurance Sales Agents in this area earn $84,500 annually, which is higher than the national average. Coupled with a national average cost of living, this makes the region financially competitive.
Is Central East New York nonmetropolitan area a good place to live for Insurance Sales Agents?
The Cost of Living Index in Central East New York nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Central East New York nonmetropolitan area?
Some top paying nearby cities include Binghamton, NY ($129,150) and Kingston, NY.
How does the local workforce size affect job opportunities?
A local workforce of 340 Insurance Sales Agents suggests a moderate market size, indicating a stable number of available positions without intense competition often seen in larger metropolitan areas.
What does a Location Quotient of 0.71 mean for job seekers?
A Location Quotient below 1.0, like 0.71, implies fewer Insurance Sales Agents per capita than the national average, potentially signaling a slightly less competitive job market and more opportunities for qualified candidates.
How does the cost of living impact the salary?
With a Cost of Living Index of 100, the $84,500 salary in Central East New York nonmetropolitan area has the same purchasing power as the national average salary, making it a financially neutral location in terms of affordability.
Are there many Insurance Sales Agent jobs per 1,000 workers?
The rate of 2.154 jobs per 1,000 workers indicates a consistent presence of insurance sales roles within the local economy, reflecting steady demand for these services.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 340 employees in the Central East New York nonmetropolitan area area with a job density of 2.154 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 Central East New York nonmetropolitan area