Average Insurance Sales Agents Salary in Eastern Ohio nonmetropolitan area
Insurance Sales Agents in Eastern Ohio nonmetropolitan areas earn an average annual salary of $67,150. This figure is notably below the national average of $81,510. The lower compensation in this region is often attributed to a combination of factors, including potentially lower market demand and a different economic landscape compared to more densely populated or metropolitan areas.
Executive Summary
- Average Salary: $67,150 per year.
- Growth Trend: Salaries have shifted 20.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $109,180.
- Outlook: The job market for Insurance Sales Agents in Eastern Ohio appears stable, albeit not exceptionally concentrated. With a total local workforce of 270 and a Location Quotient of 0.66, the presence of these professionals is below the national average concentration. This suggests a moderate but not overwhelming demand for insurance sales expertise within the region.
Salary Overview
The average Insurance Sales Agents in Eastern Ohio nonmetropolitan area earns-17.6%below the national average.
$32.3
$1,291
$5,596
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for Eastern Ohio is not provided, it is generally assumed that salaries for Insurance Sales Agents nationwide have seen incremental growth over the past four years, driven by inflation and evolving market dynamics. This trend likely extends to the Eastern Ohio region, with agents experiencing modest increases in their earning potential.
Insurance Sales Agents Salary Distribution in Eastern Ohio nonmetropolitan area
Salary progression for Insurance Sales Agents is strongly tied to experience and performance. Entry-level positions typically command lower salaries, while seasoned professionals with a proven track record and established client base can significantly exceed the average. The percentile gaps in earnings reflect this career trajectory, with senior agents often earning substantially more than their junior counterparts.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $34,160 | $16.4 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $50,363 | $24.2 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $53,910 | $25.9 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $83,938 | $40.4 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $109,180 | $52.5 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$67,150
Gross Pay
Real Wage (Purchasing Power)
$67,150
Adjusted for COL (100)
The nominal salary of $67,150 in Eastern Ohio aligns directly with the national average cost of living (index of 100). This means that while the take-home pay is lower than the national average for this role, the purchasing power of that salary is equivalent to the national average, suggesting that the cost of goods and services locally is not a significant detractor from the stated wage.
Job Market Context
270
Total Jobs
2.006
Per 1K Jobs
0.66
Location Quotient
Eastern Ohio nonmetropolitan area has 0.66x 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 0.66, the market for Insurance Sales Agents in Eastern Ohio is less concentrated than the national average. This indicates that while there is a presence of these professionals, the field is not saturated, suggesting potential opportunities for skilled agents to establish themselves, though the overall demand may be more limited compared to areas with a higher concentration.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Mansfield, OH Insurance Sales Agents Salary | $58,390↓ 13% | 29 mi |
| Columbus, OH Insurance Sales Agents Salary | $79,610↑ 19% | 32 mi |
| Springfield, OH Insurance Sales Agents Salary | $66,510↓ 1% | 63 mi |
| Sandusky, OH Insurance Sales Agents Salary | $67,590↑ 1% | 73 mi |
| Lima, OH Insurance Sales Agents Salary | $64,060↓ 5% | 75 mi |
Comparing salaries near Eastern Ohio nonmetropolitan area
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Eastern Ohio nonmetropolitan area?
The median annual salary for a Insurance Sales Agents in Eastern Ohio nonmetropolitan area is $67,150. This typically ranges from $34,160 for entry-level positions to $109,180 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Eastern Ohio nonmetropolitan area is 17.6% lower than the national median of $81,510.
Is Eastern Ohio nonmetropolitan area a lucrative place for Insurance Sales Agentss?
No, it is not as lucrative as the national average.The average salary of $67,150 is significantly lower than the national average of $81,510, despite a cost of living that matches the national index.
Is Eastern Ohio nonmetropolitan area a good place to live for Insurance Sales Agents?
The Cost of Living Index in Eastern Ohio nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Eastern Ohio nonmetropolitan area?
Some top paying nearby cities include Mansfield, OH ($58,390) and Columbus, OH.
How does the number of Insurance Sales Agents in Eastern Ohio compare nationally?
Eastern Ohio has 2.006 Insurance Sales Agents per 1,000 workers, which is below the national average, indicating a lower concentration of this profession in the area.
What is the significance of the Location Quotient (LQ) for Insurance Sales Agents in Eastern Ohio?
An LQ of 0.66 means that Insurance Sales Agents are 34% less concentrated in Eastern Ohio compared to the national average, suggesting a less robust market presence.
Does the cost of living affect the perceived value of an Insurance Sales Agent's salary in Eastern Ohio?
No, the cost of living in Eastern Ohio is at the national average (100), meaning the $67,150 salary has the same purchasing power as the national average salary for this role.
What is the total number of Insurance Sales Agents in Eastern Ohio?
There are approximately 270 Insurance Sales Agents employed in the Eastern Ohio nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 270 employees in the Eastern Ohio nonmetropolitan area area with a job density of 2.006 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 Ohio nonmetropolitan area