Average Insurance Sales Agents Salary in Eastern North Carolina nonmetropolitan area
Insurance Sales Agents in Eastern North Carolina's nonmetropolitan areas earn an average annual salary of $62,910. This figure is notably below the national average of $81,510, reflecting regional economic factors and a potentially lower cost of doing business. The specific economic landscape and demand within this particular region of North Carolina directly influence compensation levels for these professionals.
Executive Summary
- Average Salary: $62,910 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $102,680.
- Outlook: With a local workforce of 750 Insurance Sales Agents, the job market in Eastern North Carolina's nonmetropolitan areas presents a stable, albeit not booming, environment. The Location Quotient of 0.94 suggests a concentration of these roles that is very close to the national average, indicating a consistent, steady demand for insurance sales expertise within the region. The presence of nearly 3 agents per 1,000 workers further underscores this consistent need.
Salary Overview
The average Insurance Sales Agents in Eastern North Carolina nonmetropolitan area earns-22.8%below the national average.
$30.3
$1,210
$5,243
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 Eastern North Carolina have experienced gradual growth over the past four years, mirroring national trends. Economic shifts, evolving insurance product landscapes, and inflation typically drive modest annual increases in compensation for sales professionals in this sector. This suggests a generally positive, albeit potentially slow, upward trajectory for earnings in the region.
Insurance Sales Agents Salary Distribution in Eastern North Carolina nonmetropolitan area
Career progression for Insurance Sales Agents in Eastern North Carolina typically correlates with increased earnings. Entry-level positions might start closer to the lower end of the salary spectrum, while seasoned professionals with proven sales records and specialized knowledge can command significantly higher salaries. The percentile gaps in earnings, though not detailed here, would signify the substantial earning potential available to those who advance their careers and build a strong client base.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $29,600 | $14.2 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $47,183 | $22.7 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $47,870 | $23 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $78,638 | $37.8 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $102,680 | $49.4 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$62,910
Gross Pay
Real Wage (Purchasing Power)
$62,910
Adjusted for COL (100)
The nominal average salary of $62,910 in Eastern North Carolina's nonmetropolitan areas 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 equivalent to the national average. While the salary is lower than the national average, the cost of living being on par suggests that the take-home pay offers a comparable lifestyle to many other areas across the country.
Job Market Context
750
Total Jobs
2.861
Per 1K Jobs
0.94
Location Quotient
Eastern North Carolina nonmetropolitan area has 0.94x 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.
The Location Quotient of 0.94 for Insurance Sales Agents in Eastern North Carolina's nonmetropolitan areas indicates a job market that is nearly on par with the national concentration. This suggests that the demand for insurance sales professionals is stable and well-integrated into the local economy, without being overly saturated or exceptionally scarce. The market is neither hyper-competitive nor significantly undersupplied, offering a balanced environment for both new entrants and experienced agents.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Greensboro-High Point, NC Insurance Sales Agents Salary | $88,990↑ 41% | 32 mi |
| Pinehurst-Southern Pines, NC Insurance Sales Agents Salary | $69,120↑ 10% | 36 mi |
| Burlington, NC Insurance Sales Agents Salary | $68,500↑ 9% | 36 mi |
| Winston-Salem, NC Insurance Sales Agents Salary | $75,770↑ 20% | 41 mi |
| Durham-Chapel Hill, NC Insurance Sales Agents Salary | $82,180↑ 31% | 56 mi |
Comparing salaries near Eastern North Carolina nonmetropolitan area
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Frequently Asked Questions
How much does a Insurance Sales Agents make in Eastern North Carolina nonmetropolitan area?
The median annual salary for a Insurance Sales Agents in Eastern North Carolina nonmetropolitan area is $62,910. This typically ranges from $29,600 for entry-level positions to $102,680 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Eastern North Carolina nonmetropolitan area is 22.8% lower than the national median of $81,510.
Is Eastern North Carolina nonmetropolitan area a lucrative place for Insurance Sales Agentss?
No, not compared to the national average.The average salary of $62,910 is significantly lower than the national average of $81,510. However, the cost of living is also at the national average, making the salary's purchasing power comparable.
Is Eastern North Carolina nonmetropolitan area a good place to live for Insurance Sales Agents?
The Cost of Living Index in Eastern North Carolina nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Eastern North Carolina nonmetropolitan area?
Some top paying nearby cities include Greensboro-High Point, NC ($88,990) and Pinehurst-Southern Pines, NC.
How does the local workforce size impact job opportunities?
A local workforce of 750 Insurance Sales Agents suggests a stable, established market. While not indicative of rapid expansion, it points to consistent demand and opportunities for those seeking to enter or advance within the field.
What does a Location Quotient of 0.94 mean for job seekers?
A Location Quotient of 0.94 signifies that the concentration of Insurance Sales Agents in this region is very close to the national average. This implies a balanced job market where opportunities exist without extreme competition or scarcity.
How does the cost of living affect the perceived salary?
With a Cost of Living Index of 100, the local salary of $62,910 has the same purchasing power as the national average salary. This means that despite being lower than the national average salary, the income stretches similarly due to aligned living expenses.
Are there many Insurance Sales Agent jobs per 1,000 workers in this area?
With 2.861 jobs per 1,000 workers, there is a steady presence of Insurance Sales Agent roles relative to the overall workforce. This indicates a consistent, albeit not overwhelming, demand for these professionals in the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 750 employees in the Eastern North Carolina nonmetropolitan area area with a job density of 2.861 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 Eastern North Carolina nonmetropolitan area