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Average Insurance Sales Agents Salary in East Georgia nonmetropolitan area

Insurance Sales Agents in East Georgia's nonmetropolitan area earn an average annual salary of $50,400. This figure is notably lower than the national average of $81,510, reflecting regional economic factors and a potentially different market dynamic. The specific pay scale in this area is influenced by local demand, cost of doing business, and the overall economic landscape distinct from major metropolitan hubs.

Executive Summary

  • Average Salary: $50,400 per year.
  • Growth Trend: Salaries have shifted 21.0% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $80,040.
  • Outlook: The East Georgia nonmetropolitan area supports a dedicated workforce of 340 Insurance Sales Agents. With a Location Quotient of 1.28, this region shows a concentration of these professionals that is 28% higher than the national average, indicating a localized demand or specialization. The presence of 3.91 jobs per 1,000 workers further suggests a stable, albeit niche, job market for insurance sales professionals in this nonmetropolitan setting.
2024 Market Data

Salary Overview

$50,400

The average Insurance Sales Agents in East Georgia nonmetropolitan area earns-38.2%below the national average.

BreakdownBased on 40h/week
Hourly

$24.2

Weekly

$969

Monthly

$4,200

Insurance Sales Agents Salary Distribution in East Georgia nonmetropolitan area

Compensation for Insurance Sales Agents typically scales with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with a proven track record and established client base can command significantly higher salaries. The percentile gaps in earnings, from the bottom 10% to the top 90%, signify substantial career progression opportunities and the potential for increased earning capacity as agents develop their expertise and sales acumen.

Experience LevelMarket PercentileAnnual WageHourly Rate
SDR / BDRLead generation, prospecting, cold calling.10% (Entry)$31,200$15
Account ExecutiveClosing deals, managing small-mid market clients.25% (Junior)$37,800$18.2
Senior AEHandling enterprise clients and complex negotiations.50% (Median)$48,330$23.2
Sales ManagerManaging a team of reps, setting quotas & strategy.75% (Senior)$63,000$30.3
VP of SalesRevenue strategy, expansion, C-suite relationships.90% (Expert)$80,040$38.5

Detailed Insurance Sales Agents Market Analysis

Relocation Context

Nominal Salary

$50,400

Gross Pay

Real Wage (Purchasing Power)

$50,400

Adjusted for COL (100)

The average annual salary of $50,400 in East Georgia's 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 comparable to the national standard. While the nominal salary is lower than the national average, the equivalent cost of living suggests that the take-home pay may offer similar lifestyle affordability as in higher-cost national areas, albeit with a lower absolute income.

Job Market Context

340

Total Jobs

3.91

Per 1K Jobs

1.28

Location Quotient

Above Average

With a location quotient of 1.28, East Georgia nonmetropolitan area has a slightly higher-than-average concentration of Insurance Sales Agents roles compared to the national norm.

A Location Quotient of 1.28 for Insurance Sales Agents in East Georgia's nonmetropolitan area indicates a higher concentration of these professionals compared to the national average. This suggests a potentially competitive market where demand is relatively strong within the region, or that the local industry has a specific focus on insurance sales. While not overwhelmingly saturated, the slightly elevated quotient points to a market where opportunities may be more readily available for skilled agents than in areas with a lower concentration.

Nearby Job Markets

Nearby Cities for Insurance Sales Agents

Comparing salaries near East Georgia nonmetropolitan area

Hiring Insurance Sales Agentss?

Frequently Asked Questions

How much does a Insurance Sales Agents make in East Georgia nonmetropolitan area?

The median annual salary for a Insurance Sales Agents in East Georgia nonmetropolitan area is $50,400. This typically ranges from $31,200 for entry-level positions to $80,040 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in East Georgia nonmetropolitan area is 38.2% lower than the national median of $81,510.

Is East Georgia nonmetropolitan area a lucrative place for Insurance Sales Agents?

No, it is not exceptionally lucrative compared to the national average.The average salary of $50,400 is significantly below the national average of $81,510, indicating lower earning potential. However, the cost of living is also at the national average, which somewhat mitigates the lower nominal income.

Is East Georgia nonmetropolitan area a good place to live for Insurance Sales Agents?

The Cost of Living Index in East Georgia nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near East Georgia nonmetropolitan area?

Some top paying nearby cities include Macon-Bibb County, GA ($68,160) and Warner Robins, GA.

How does the local workforce size affect job prospects?

A local workforce of 340 Insurance Sales Agents suggests a stable, established presence of the profession within the East Georgia nonmetropolitan area. This size indicates consistent demand and a community of professionals, which can be beneficial for networking and finding opportunities.

What does a Location Quotient of 1.28 mean for job seekers?

A Location Quotient of 1.28 signifies that Insurance Sales Agents are 28% more concentrated in East Georgia's nonmetropolitan area than the national average. This implies a relatively higher demand or specialization in insurance sales within this region compared to other industries.

How does the cost of living impact the $50,400 salary?

With a Cost of Living Index of 100, the $50,400 salary in East Georgia has the same purchasing power as the national average. This means that while the absolute income is lower, the expenses for goods and services are also at the national average, making the salary's value comparable.

Are there many job openings for Insurance Sales Agents in this area?

With 3.91 jobs per 1,000 workers, the rate of employment for Insurance Sales Agents is slightly above average, suggesting a steady stream of opportunities. This metric, combined with the Location Quotient, indicates a healthy, albeit localized, job market.

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 East Georgia nonmetropolitan area area with a job density of 3.91 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.