Average Insurance Sales Agents Salary in Evansville, IN
Insurance Sales Agents in Evansville, IN earn an average annual salary of $62,050. This figure is notably below the national average of $81,510, suggesting that local market dynamics and potentially lower demand contribute to this compensation difference. Understanding these local factors is crucial for professionals in the field.
Executive Summary
- Average Salary: $62,050 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $99,480.
- Outlook: With a total local workforce of 480 Insurance Sales Agents, Evansville presents a moderately sized market. The Location Quotient of 1.16 indicates a slightly higher concentration of these professionals compared to the national average, hinting at a stable, albeit not rapidly expanding, demand for their services within the region.
Salary Overview
The average Insurance Sales Agents in Evansville, IN earns-23.9%below the national average.
$29.8
$1,193
$5,171
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it's reasonable to assume that salaries for Insurance Sales Agents in Evansville have experienced gradual growth over the past four years, mirroring broader economic trends and inflation adjustments. This suggests a generally positive trajectory for compensation within the profession locally.
Insurance Sales Agents Salary Distribution in Evansville, IN
Salary progression for Insurance Sales Agents in Evansville typically correlates with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned agents with proven track records and specialized knowledge can command significantly higher salaries, often reflected in the upper percentiles of the salary distribution.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $29,130 | $14 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $46,538 | $22.4 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $48,020 | $23.1 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $77,563 | $37.3 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $99,480 | $47.8 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$62,050
Gross Pay
Real Wage (Purchasing Power)
$62,050
Adjusted for COL (100)
The average annual salary of $62,050 in Evansville, IN, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an Insurance Sales Agent's income in Evansville is equivalent to the national average, offering a balanced lifestyle without significant financial strain related to living expenses.
Job Market Context
480
Total Jobs
3.526
Per 1K Jobs
1.16
Location Quotient
With a location quotient of 1.16, Evansville, IN has a slightly higher-than-average concentration of Insurance Sales Agents roles compared to the national norm.
The Location Quotient of 1.16 for Insurance Sales Agents in Evansville signifies a slightly higher concentration of these roles than the national average. This suggests that while the market is not oversaturated, there is a consistent and perhaps slightly elevated demand for insurance sales expertise within the local economy compared to other professions.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Owensboro, KY Insurance Sales Agents Salary | $62,310↑ 0% | 28 mi |
| Bowling Green, KY Insurance Sales Agents Salary | $83,240↑ 34% | 92 mi |
| Elizabethtown, KY Insurance Sales Agents Salary | $63,420↑ 2% | 93 mi |
| Bloomington, IN Insurance Sales Agents Salary | $79,760↑ 29% | 98 mi |
Comparing salaries near Evansville, IN
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Evansville, IN?
The median annual salary for a Insurance Sales Agents in Evansville, IN is $62,050. This typically ranges from $29,130 for entry-level positions to $99,480 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Evansville, IN is 23.9% lower than the national median of $81,510.
Is Evansville, IN a lucrative place for Insurance Sales Agentss?
No, it is not exceptionally lucrative compared to the national average.The average salary of $62,050 is substantially 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 Evansville, IN a good place to live for Insurance Sales Agents?
The Cost of Living Index in Evansville, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Evansville, IN?
Some top paying nearby cities include Owensboro, KY ($62,310) and Bowling Green, KY.
How does Evansville's insurance agent job market compare nationally?
Evansville has a slightly higher concentration of Insurance Sales Agents than the national average, indicated by a Location Quotient of 1.16, suggesting a stable local demand.
What is the cost of living impact on an Insurance Sales Agent's salary in Evansville?
With a Cost of Living Index of 100, the $62,050 salary in Evansville offers purchasing power equivalent to the national average, indicating a balanced financial environment.
How many Insurance Sales Agents are there in Evansville, IN?
There are approximately 480 Insurance Sales Agents employed in Evansville, IN, representing a modest segment of the local workforce.
Does experience significantly affect an Insurance Sales Agent's salary in Evansville?
Yes, like most sales roles, experience is a key driver of salary. Senior agents with established client bases and sales expertise typically earn considerably more than entry-level professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 480 employees in the Evansville, IN area with a job density of 3.526 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 Evansville, IN