Average Insurance Sales Agents Salary in Chattanooga, TN-GA
Insurance Sales Agents in Chattanooga, TN-GA earn an average annual salary of $64,550, which is notably below the national average of $81,510. This disparity can often be attributed to regional economic factors, industry demand specific to the Chattanooga area, and the overall competitive landscape for sales professionals in the region.
Executive Summary
- Average Salary: $64,550 per year.
- Growth Trend: Salaries have shifted 8.6% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $107,620.
- Outlook: With a local workforce of 1,070 Insurance Sales Agents and a Location Quotient of 1.3, Chattanooga demonstrates a concentration of these professionals that is 30% higher than the national average. This suggests a robust and potentially growing demand for insurance sales expertise within the Chattanooga metropolitan area, indicating a stable job market for those in this field.
Salary Overview
The average Insurance Sales Agents in Chattanooga, TN-GA earns-20.8%below the national average.
$31
$1,241
$5,379
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Insurance Sales Agents in Chattanooga have seen consistent growth over the past four years, mirroring national trends. Factors such as inflation, evolving insurance products, and increased demand for financial security are likely contributing to upward salary adjustments in this sector.
Insurance Sales Agents Salary Distribution in Chattanooga, TN-GA
The career trajectory for Insurance Sales Agents in Chattanooga typically involves significant salary growth with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with established client bases and advanced sales skills can command salaries well above the average, with higher percentiles reflecting substantial earning potential and career progression.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $37,430 | $18 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $48,413 | $23.3 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $49,430 | $23.8 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $80,688 | $38.8 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $107,620 | $51.7 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$64,550
Gross Pay
Real Wage (Purchasing Power)
$64,550
Adjusted for COL (100)
The nominal average salary of $64,550 in Chattanooga aligns perfectly with the national average Cost of Living Index of 100. This indicates that the purchasing power of an Insurance Sales Agent's salary in Chattanooga is comparable to the national average, meaning that while the salary is lower than the national average, the cost of living is also on par, offering a balanced financial standing.
Job Market Context
1,070
Total Jobs
3.955
Per 1K Jobs
1.3
Location Quotient
With a location quotient of 1.30, Chattanooga, TN-GA has a slightly higher-than-average concentration of Insurance Sales Agents roles compared to the national norm.
A Location Quotient of 1.3 signifies that Insurance Sales Agents are more concentrated in Chattanooga, TN-GA than the national average. This suggests a healthy market with a notable presence of insurance agencies and a steady demand for sales talent, potentially offering more opportunities and a competitive environment for both new entrants and experienced professionals.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Cleveland, TN Insurance Sales Agents Salary | $69,910↑ 8% | 23 mi |
| Dalton, GA Insurance Sales Agents Salary | $62,310↓ 3% | 26 mi |
| Rome, GA Insurance Sales Agents Salary | $69,800↑ 8% | 55 mi |
| Huntsville, AL Insurance Sales Agents Salary | $76,090↑ 18% | 83 mi |
| Gadsden, AL Insurance Sales Agents Salary | $78,540↑ 22% | 85 mi |
Comparing salaries near Chattanooga, TN-GA
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Chattanooga, TN-GA?
The median annual salary for a Insurance Sales Agents in Chattanooga, TN-GA is $64,550. This typically ranges from $37,430 for entry-level positions to $107,620 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Chattanooga, TN-GA is 20.8% lower than the national median of $81,510.
Is Chattanooga, TN-GA a lucrative place for Insurance Sales Agentss?
No, not compared to the national average.While the cost of living is average, the average salary for Insurance Sales Agents in Chattanooga is significantly lower than the national average. The higher concentration of agents suggests a competitive market rather than exceptional earning potential.
Is Chattanooga, TN-GA a good place to live for Insurance Sales Agents?
The Cost of Living Index in Chattanooga, TN-GA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Chattanooga, TN-GA?
Some top paying nearby cities include Cleveland, TN ($69,910) and Dalton, GA.
How does Chattanooga's cost of living compare nationally?
Chattanooga, TN-GA has a Cost of Living Index of 100, which is exactly the national average. This means that the general cost of goods and services is comparable to the rest of the United States.
What does a Location Quotient of 1.3 mean for Insurance Sales Agents in Chattanooga?
A Location Quotient of 1.3 indicates that Insurance Sales Agents are 30% more concentrated in Chattanooga than the national average. This suggests a stronger presence and potentially higher demand for these professionals in the local job market.
How many Insurance Sales Agents are there in Chattanooga?
There are approximately 1,070 Insurance Sales Agents employed within the Chattanooga, TN-GA metropolitan area.
Are there many job opportunities for Insurance Sales Agents in Chattanooga?
With 3.955 jobs per 1,000 workers and a Location Quotient above 1.0, the job market for Insurance Sales Agents in Chattanooga appears robust, indicating a good number of opportunities relative to the size of the workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,070 employees in the Chattanooga, TN-GA area with a job density of 3.955 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 Chattanooga, TN-GA