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Average Insurance Sales Agents Salary in Fargo, ND-MN

Insurance Sales Agents in Fargo, ND-MN are earning an impressive average annual salary of $86,860, surpassing the national average of $81,510. This elevated compensation likely reflects a combination of local market demand and the specific economic drivers within the Fargo metropolitan area that value specialized sales expertise.

Executive Summary

  • Average Salary: $86,860 per year.
  • Growth Trend: Salaries have shifted 19.4% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $160,240.
  • Outlook: The Fargo, ND-MN market for Insurance Sales Agents appears robust, with a total local workforce of 500 professionals. A Location Quotient of 1.1 indicates a slightly higher concentration of these roles compared to the national average, suggesting a stable and potentially growing demand for insurance sales talent in the region.
2024 Market Data

Salary Overview

$86,860

The average Insurance Sales Agents in Fargo, ND-MN earns+6.6%above the national average.

BreakdownBased on 40h/week
Hourly

$41.8

Weekly

$1,670

Monthly

$7,238

Insurance Sales Agents Salary Distribution in Fargo, ND-MN

Career progression for Insurance Sales Agents in Fargo, ND-MN is clearly reflected in salary potential. Entry-level positions might start closer to the lower percentiles, but with experience and proven sales performance, agents can advance to senior roles commanding salaries well above the average, with significant percentile gaps illustrating substantial earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
SDR / BDRLead generation, prospecting, cold calling.10% (Entry)$45,590$21.9
Account ExecutiveClosing deals, managing small-mid market clients.25% (Junior)$65,145$31.3
Senior AEHandling enterprise clients and complex negotiations.50% (Median)$67,990$32.7
Sales ManagerManaging a team of reps, setting quotas & strategy.75% (Senior)$108,575$52.2
VP of SalesRevenue strategy, expansion, C-suite relationships.90% (Expert)$160,240$77

Detailed Insurance Sales Agents Market Analysis

Relocation Context

Nominal Salary

$86,860

Gross Pay

Real Wage (Purchasing Power)

$86,860

Adjusted for COL (100)

For those considering a move to Fargo, ND-MN, the average annual salary of $86,860 aligns perfectly with the local Cost of Living Index of 100, which is precisely the national average. This means that your earnings in Fargo will have purchasing power equivalent to the national average, making it a financially stable location for insurance professionals.

Job Market Context

500

Total Jobs

3.363

Per 1K Jobs

1.1

Location Quotient

Above Average

With a location quotient of 1.10, Fargo, ND-MN has a slightly higher-than-average concentration of Insurance Sales Agents roles compared to the national norm.

With a Location Quotient of 1.1, Fargo, ND-MN exhibits a slightly higher concentration of Insurance Sales Agents than the national average. This suggests a competitive yet accessible job market, where employers are actively seeking skilled professionals, and opportunities are readily available for those with the right qualifications and drive.

Nearby Job Markets

Nearby Cities for Insurance Sales Agents

CitySalaryDist.
Grand Forks, ND-MN Insurance Sales Agents Salary$80,760↓ 7%74 mi

Comparing salaries near Fargo, ND-MN

Hiring Insurance Sales Agentss?

Frequently Asked Questions

How much does a Insurance Sales Agents make in Fargo, ND-MN?

The median annual salary for a Insurance Sales Agents in Fargo, ND-MN is $86,860. This typically ranges from $45,590 for entry-level positions to $160,240 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Fargo, ND-MN is 6.6% higher than the national median of $81,510.

Is Fargo, ND-MN a lucrative place for Insurance Sales Agentss?

Yes, Fargo, ND-MN offers a lucrative environment for Insurance Sales Agents.The average salary of $86,860 significantly exceeds the national average, and the cost of living is on par with the national average, allowing for strong disposable income.

Is Fargo, ND-MN a good place to live for Insurance Sales Agents?

The Cost of Living Index in Fargo, ND-MN is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Fargo, ND-MN?

Some top paying nearby cities include Grand Forks, ND-MN ($80,760) and others.

How does the Fargo insurance job market compare to the national average?

The Fargo market has a slightly higher concentration of Insurance Sales Agents, indicated by a Location Quotient of 1.1, suggesting a healthy demand for these professionals.

What is the average salary for an Insurance Sales Agent in Fargo, ND-MN?

The average annual salary for an Insurance Sales Agent in Fargo, ND-MN is $86,860.

How does the cost of living in Fargo affect salary perception?

Fargo's Cost of Living Index is 100, matching the national average. This means the $86,860 salary provides purchasing power equivalent to the national average, making it a financially sound location.

What is the total number of Insurance Sales Agents in Fargo, ND-MN?

There are approximately 500 Insurance Sales Agents working within the Fargo, ND-MN metropolitan area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 500 employees in the Fargo, ND-MN area with a job density of 3.363 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 Fargo, ND-MN