Average Insurance Sales Agents Salary in Charleston-North Charleston, SC
Insurance Sales Agents in the Charleston-North Charleston, SC area earn an impressive average annual salary of $86,470, surpassing the national average of $81,510. This elevated compensation reflects the specific economic dynamics and demand within the Charleston-North Charleston metropolitan area, which influences local pay scales for specialized roles.
Executive Summary
- Average Salary: $86,470 per year.
- Growth Trend: Salaries have shifted 34.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $196,930.
- Outlook: With a local workforce of 950 Insurance Sales Agents, Charleston-North Charleston presents a stable, albeit slightly below national concentration, job market for this profession. The Location Quotient of 0.81 suggests a moderate presence of these roles relative to the national average, indicating a steady demand without oversaturation.
Salary Overview
The average Insurance Sales Agents in Charleston-North Charleston, SC earns+6.1%above the national average.
$41.6
$1,663
$7,206
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is generally observed that salaries for Insurance Sales Agents nationwide, including in metropolitan areas like Charleston-North Charleston, have experienced consistent growth over the past four years. This upward trend is typically driven by factors such as inflation, increasing demand for insurance products, and evolving market conditions.
Insurance Sales Agents Salary Distribution in Charleston-North Charleston, SC
Career progression for Insurance Sales Agents in Charleston-North Charleston is marked by a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with proven sales records and specialized knowledge can command salaries in the upper percentiles, reflecting a clear path for advancement and higher earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $38,260 | $18.4 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $64,853 | $31.2 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $64,110 | $30.8 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $108,088 | $52 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $196,930 | $94.7 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$86,470
Gross Pay
Real Wage (Purchasing Power)
$86,470
Adjusted for COL (100)
The average annual salary of $86,470 in Charleston-North Charleston aligns perfectly with the national average cost of living (Index 100). This means that the purchasing power of an Insurance Sales Agent's salary in this area is equivalent to the national standard, offering a balanced lifestyle without significant financial strain related to living expenses.
Job Market Context
950
Total Jobs
2.456
Per 1K Jobs
0.81
Location Quotient
Charleston-North Charleston, SC has 0.81x 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 0.81 indicates that Charleston-North Charleston has a slightly lower concentration of Insurance Sales Agents compared to the national average. This suggests that while the profession is well-established, there may be opportunities for growth and less intense competition than in more saturated markets, potentially benefiting new entrants and experienced professionals alike.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Hilton Head Island-Bluffton-Port Royal, SC Insurance Sales Agents Salary | $70,750↓ 18% | 63 mi |
| Sumter, SC Insurance Sales Agents Salary | $65,040↓ 25% | 81 mi |
| Myrtle Beach-Conway-North Myrtle Beach, SC Insurance Sales Agents Salary | $58,900↓ 32% | 88 mi |
| Savannah, GA Insurance Sales Agents Salary | $77,010↓ 11% | 89 mi |
| Northwestern South Carolina nonmetropolitan area Insurance Sales Agents Salary | $48,520↓ 44% | 91 mi |
Comparing salaries near Charleston-North Charleston, SC
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Frequently Asked Questions
How much does a Insurance Sales Agents make in Charleston-North Charleston, SC?
The median annual salary for a Insurance Sales Agents in Charleston-North Charleston, SC is $86,470. This typically ranges from $38,260 for entry-level positions to $196,930 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Charleston-North Charleston, SC is 6.1% higher than the national median of $81,510.
Is Charleston-North Charleston, SC a lucrative place for Insurance Sales Agentss?
Yes, Charleston-North Charleston, SC offers a lucrative environment for Insurance Sales Agents.The average salary of $86,470 significantly exceeds the national average, and the cost of living is on par with the national index, indicating strong earning potential and purchasing power.
Is Charleston-North Charleston, SC a good place to live for Insurance Sales Agents?
The Cost of Living Index in Charleston-North Charleston, SC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Charleston-North Charleston, SC?
Some top paying nearby cities include Hilton Head Island-Bluffton-Port Royal, SC ($70,750) and Sumter, SC.
How does the local workforce size impact job opportunities for Insurance Sales Agents in Charleston-North Charleston?
The local workforce of 950 Insurance Sales Agents suggests a substantial, established presence in the market, offering a good number of potential employers and a solid foundation for career development.
What does a Location Quotient of 0.81 mean for Insurance Sales Agents in Charleston-North Charleston?
A Location Quotient of 0.81 signifies that the concentration of Insurance Sales Agents is slightly below the national average, implying a potentially less competitive market and steady demand for skilled professionals.
How does the cost of living in Charleston-North Charleston affect the perceived value of the average salary?
With a Cost of Living Index of 100, the average salary of $86,470 holds its value effectively, meaning that the earnings provide a standard purchasing power comparable to the national average.
Are there more or fewer Insurance Sales Agents jobs per 1,000 workers in Charleston-North Charleston compared to the national average?
Charleston-North Charleston has 2.456 jobs per 1,000 workers, which is slightly below the national average, indicating a stable but not exceptionally high density of these roles within the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 950 employees in the Charleston-North Charleston, SC area with a job density of 2.456 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 Charleston-North Charleston, SC