Average Insurance Sales Agents Salary in Daphne-Fairhope-Foley, AL
Insurance Sales Agents in the Daphne-Fairhope-Foley, AL area earn an average annual salary of $77,220. This figure is slightly below the national average of $81,510, indicating a localized compensation structure influenced by regional economic factors and market demand within this specific Alabama metropolitan area.
Executive Summary
- Average Salary: $77,220 per year.
- Growth Trend: Salaries have shifted 20.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $152,640.
- Outlook: The local job market for Insurance Sales Agents in Daphne-Fairhope-Foley, AL, appears stable with a total workforce of 290 individuals. The Location Quotient of 1.15 suggests a slightly higher concentration of these roles compared to the national average, implying a steady, if not growing, demand for insurance professionals in the region.
Salary Overview
The average Insurance Sales Agents in Daphne-Fairhope-Foley, AL earns-5.3%below the national average.
$37.1
$1,485
$6,435
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 Daphne-Fairhope-Foley, AL, have experienced gradual growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased demand for insurance products, and the evolving complexity of insurance offerings.
Insurance Sales Agents Salary Distribution in Daphne-Fairhope-Foley, AL
Career progression for Insurance Sales Agents significantly impacts earning potential. Entry-level positions typically start at the lower end of the salary spectrum, while experienced agents with a proven track record and specialized knowledge can command salaries well above the average. The percentile gaps in salary distributions clearly signify the career advancement opportunities available.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $30,060 | $14.5 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $57,915 | $27.8 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $58,390 | $28.1 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $96,525 | $46.4 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $152,640 | $73.4 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$77,220
Gross Pay
Real Wage (Purchasing Power)
$77,220
Adjusted for COL (100)
The average annual salary of $77,220 in Daphne-Fairhope-Foley, AL, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an Insurance Sales Agent's salary in this area is equivalent to the national standard, offering a stable financial environment for residents.
Job Market Context
290
Total Jobs
3.502
Per 1K Jobs
1.15
Location Quotient
With a location quotient of 1.15, Daphne-Fairhope-Foley, AL has a slightly higher-than-average concentration of Insurance Sales Agents roles compared to the national norm.
With a Location Quotient of 1.15, the Daphne-Fairhope-Foley, AL, market shows a slightly higher concentration of Insurance Sales Agents than the national average. This suggests a healthy demand for these professionals, indicating that the job market is neither overly saturated nor critically undersupplied, presenting a balanced environment for job seekers and employers.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Mobile, AL Insurance Sales Agents Salary | $80,430↑ 4% | 14 mi |
| Pensacola-Ferry Pass-Brent, FL Insurance Sales Agents Salary | $77,380↑ 0% | 43 mi |
| Gulfport-Biloxi, MS Insurance Sales Agents Salary | $60,320↓ 22% | 72 mi |
| Crestview-Fort Walton Beach-Destin, FL Insurance Sales Agents Salary | $81,730↑ 6% | 78 mi |
Comparing salaries near Daphne-Fairhope-Foley, AL
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Daphne-Fairhope-Foley, AL?
The median annual salary for a Insurance Sales Agents in Daphne-Fairhope-Foley, AL is $77,220. This typically ranges from $30,060 for entry-level positions to $152,640 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Daphne-Fairhope-Foley, AL is 5.3% lower than the national median of $81,510.
Is Daphne-Fairhope-Foley, AL a lucrative place for Insurance Sales Agentss?
Moderately. The average salary is close to the national average, and the cost of living is also at the national average.While the average salary of $77,220 is slightly below the national average, the cost of living being exactly at the national average (100) means the purchasing power remains comparable. The slightly higher concentration of these roles (LQ 1.15) also suggests consistent demand.
Is Daphne-Fairhope-Foley, AL a good place to live for Insurance Sales Agents?
The Cost of Living Index in Daphne-Fairhope-Foley, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Daphne-Fairhope-Foley, AL?
Some top paying nearby cities include Mobile, AL ($80,430) and Pensacola-Ferry Pass-Brent, FL.
How does the Daphne-Fairhope-Foley, AL salary compare to the national average?
The average annual salary for Insurance Sales Agents in Daphne-Fairhope-Foley, AL, is $77,220, which is slightly lower than the national average of $81,510.
What is the Cost of Living in Daphne-Fairhope-Foley, AL?
The Cost of Living Index in Daphne-Fairhope-Foley, AL, is 100, which is exactly the national average, meaning it is neither more nor less expensive to live there compared to the rest of the country.
Is there a high demand for Insurance Sales Agents in this area?
The Location Quotient of 1.15 suggests a slightly higher concentration of Insurance Sales Agents than the national average, indicating a stable to moderately high demand for these professionals.
How many Insurance Sales Agents work in Daphne-Fairhope-Foley, AL?
There are approximately 290 Insurance Sales Agents employed in the Daphne-Fairhope-Foley, AL, area, representing 3.502 jobs per 1,000 workers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 290 employees in the Daphne-Fairhope-Foley, AL area with a job density of 3.502 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 Daphne-Fairhope-Foley, AL