Average Insurance Sales Agents Salary in Cleveland, OH
Insurance Sales Agents in Cleveland, OH, command an impressive average annual salary of $87,910. This figure notably surpasses the national average of $81,510, indicating a favorable compensation landscape within the city. Local market dynamics and demand likely contribute to this elevated pay scale for insurance professionals in the Cleveland area.
Executive Summary
- Average Salary: $87,910 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $153,060.
- Outlook: Cleveland's insurance sales sector demonstrates a stable presence, with a local workforce of 2,800 professionals. The Location Quotient of 0.89 suggests a concentration slightly below the national average, implying a steady but not oversaturated market. With 2.699 jobs per 1,000 workers, the demand for skilled insurance agents remains consistent, offering a robust environment for career opportunities.
Salary Overview
The average Insurance Sales Agents in Cleveland, OH earns+7.9%above the national average.
$42.3
$1,691
$7,326
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the insurance industry in Cleveland, like most sectors, has experienced salary growth over the past four years. Factors such as inflation, increasing demand for insurance products, and evolving market conditions typically drive upward salary trends for experienced professionals in this field.
Insurance Sales Agents Salary Distribution in Cleveland, OH
Salary progression for Insurance Sales Agents in Cleveland is strongly tied to experience and performance. Entry-level positions typically start at the lower end of the pay scale, while seasoned agents with a proven track record and specialized knowledge can significantly increase their earnings. The gap between entry-level and senior-level salaries, often reflected in percentile data, signifies substantial career growth potential and earning capacity.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $39,460 | $19 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $65,933 | $31.7 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $61,640 | $29.6 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $109,888 | $52.8 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $153,060 | $73.6 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$87,910
Gross Pay
Real Wage (Purchasing Power)
$87,910
Adjusted for COL (100)
The average annual salary of $87,910 in Cleveland, OH, is particularly attractive given the local Cost of Living Index of 100, which is precisely the national average. This means that the nominal salary earned by Insurance Sales Agents in Cleveland holds its purchasing power effectively, allowing for a comparable standard of living to the national benchmark without significant financial strain.
Job Market Context
2,800
Total Jobs
2.699
Per 1K Jobs
0.89
Location Quotient
Cleveland, OH has 0.89x 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 0.89, Cleveland's market for Insurance Sales Agents is slightly less concentrated than the national average. This indicates a healthy balance between supply and demand, suggesting that while the profession is well-established, there is still ample opportunity for new entrants and existing professionals to find roles without facing extreme competition. The market is neither saturated nor scarce, presenting a balanced environment for job seekers.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Akron, OH Insurance Sales Agents Salary | $69,510↓ 21% | 29 mi |
| Canton-Massillon, OH Insurance Sales Agents Salary | $70,910↓ 19% | 49 mi |
| Sandusky, OH Insurance Sales Agents Salary | $67,590↓ 23% | 53 mi |
| Youngstown-Warren, OH Insurance Sales Agents Salary | $58,300↓ 34% | 60 mi |
| Mansfield, OH Insurance Sales Agents Salary | $58,390↓ 34% | 66 mi |
Comparing salaries near Cleveland, OH
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Frequently Asked Questions
How much does a Insurance Sales Agents make in Cleveland, OH?
The median annual salary for a Insurance Sales Agents in Cleveland, OH is $87,910. This typically ranges from $39,460 for entry-level positions to $153,060 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Cleveland, OH is 7.9% higher than the national median of $81,510.
Is Cleveland, OH a lucrative place for Insurance Sales Agentss?
Yes, Cleveland, OH offers lucrative opportunities for Insurance Sales Agents.The average salary of $87,910 significantly exceeds the national average, and with a cost of living at the national average (100), your earnings provide strong purchasing power.
Is Cleveland, OH a good place to live for Insurance Sales Agents?
The Cost of Living Index in Cleveland, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Cleveland, OH?
Some top paying nearby cities include Akron, OH ($69,510) and Canton-Massillon, OH.
How does Cleveland's insurance agent salary compare to the national average?
Insurance Sales Agents in Cleveland earn an average of $87,910 annually, which is higher than the national average of $81,510.
What is the cost of living in Cleveland, OH for insurance agents?
The Cost of Living Index in Cleveland is 100, which is exactly the national average, meaning your salary has average purchasing power.
How many insurance sales agents are there in Cleveland?
There are approximately 2,800 Insurance Sales Agents working in the Cleveland area.
Is the job market for insurance agents competitive in Cleveland?
With a Location Quotient of 0.89, the market is slightly less concentrated than the national average, suggesting a balanced level of competition and opportunity.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,800 employees in the Cleveland, OH area with a job density of 2.699 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 Cleveland, OH