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Average Insurance Sales Agents Salary in Erie, PA

Insurance Sales Agents in Erie, PA, command an impressive average annual salary of $87,950, surpassing the national average of $81,510. This elevated compensation in Erie is likely influenced by a combination of local market dynamics and the specific demand for insurance expertise within the region. The stability of the local economy and the concentration of the workforce contribute to this favorable pay scale.

Executive Summary

  • Average Salary: $87,950 per year.
  • Growth Trend: Salaries have shifted 1.9% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $155,900.
  • Outlook: The insurance sales sector in Erie, PA, demonstrates a steady presence with a total local workforce of 280 individuals. While the Location Quotient of 0.77 suggests a slightly lower concentration compared to the national average, the consistent demand is evident with 2.345 jobs per 1,000 workers. This indicates a stable, albeit not hyper-concentrated, job market for insurance professionals in the area.
2024 Market Data

Salary Overview

$87,950

The average Insurance Sales Agents in Erie, PA earns+7.9%above the national average.

BreakdownBased on 40h/week
Hourly

$42.3

Weekly

$1,691

Monthly

$7,329

Insurance Sales Agents Salary Distribution in Erie, PA

Career progression for Insurance Sales Agents in Erie, PA, is typically marked by a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned agents with established client bases and specialized knowledge can command salaries well into the higher percentiles, reflecting their value and expertise.

Experience LevelMarket PercentileAnnual WageHourly Rate
SDR / BDRLead generation, prospecting, cold calling.10% (Entry)$43,070$20.7
Account ExecutiveClosing deals, managing small-mid market clients.25% (Junior)$65,963$31.7
Senior AEHandling enterprise clients and complex negotiations.50% (Median)$62,280$29.9
Sales ManagerManaging a team of reps, setting quotas & strategy.75% (Senior)$109,938$52.9
VP of SalesRevenue strategy, expansion, C-suite relationships.90% (Expert)$155,900$75

Detailed Insurance Sales Agents Market Analysis

Relocation Context

Nominal Salary

$87,950

Gross Pay

Real Wage (Purchasing Power)

$87,950

Adjusted for COL (100)

For professionals considering a move to Erie, PA, the average salary of $87,950 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of an Insurance Sales Agent's income in Erie is equivalent to the national average, offering a stable financial environment without the pressure of higher living expenses.

Job Market Context

280

Total Jobs

2.345

Per 1K Jobs

0.77

Location Quotient

Below Average

Erie, PA has 0.77x 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 0.77 for Insurance Sales Agents in Erie, PA, indicates that the profession is slightly less concentrated than the national average. This suggests that while the market is not saturated, there is a consistent need for skilled agents, potentially offering good opportunities for those entering or advancing in the field.

Nearby Job Markets

Nearby Cities for Insurance Sales Agents

CitySalaryDist.
Youngstown-Warren, OH Insurance Sales Agents Salary$58,300↓ 34%76 mi
Buffalo-Cheektowaga, NY Insurance Sales Agents Salary$100,380↑ 14%83 mi
Cleveland, OH Insurance Sales Agents Salary$87,910↓ 0%94 mi

Comparing salaries near Erie, PA

Hiring Insurance Sales Agentss?

Frequently Asked Questions

How much does a Insurance Sales Agents make in Erie, PA?

The median annual salary for a Insurance Sales Agents in Erie, PA is $87,950. This typically ranges from $43,070 for entry-level positions to $155,900 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Erie, PA is 7.9% higher than the national median of $81,510.

Is Erie, PA a lucrative place for Insurance Sales Agents?

Yes, Erie, PA offers a lucrative environment for Insurance Sales Agents.The average salary of $87,950 significantly exceeds the national average, and the cost of living is on par with the national index, providing strong purchasing power.

Is Erie, PA a good place to live for Insurance Sales Agents?

The Cost of Living Index in Erie, PA is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Erie, PA?

Some top paying nearby cities include Youngstown-Warren, OH ($58,300) and Buffalo-Cheektowaga, NY.

How does the Erie, PA salary compare to the national average?

Insurance Sales Agents in Erie, PA, earn an average of $87,950 annually, which is higher than the national average of $81,510.

What is the cost of living in Erie, PA for Insurance Sales Agents?

The Cost of Living Index in Erie, PA, is 100, which is exactly the national average, meaning your salary will have average purchasing power.

How many Insurance Sales Agents are there in Erie, PA?

There are approximately 280 Insurance Sales Agents employed in the Erie, PA, local workforce.

Is the demand for Insurance Sales Agents high in Erie, PA?

With 2.345 jobs per 1,000 workers and a Location Quotient of 0.77, the demand is steady, indicating a stable job market rather than an oversupply.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 280 employees in the Erie, PA area with a job density of 2.345 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Insurance Sales Agents • Data source: BLS OEWS 2024 •Jobs in Erie, PA