SalaryNode

Average Insurance Sales Agents Salary in Farmington, NM

The average salary for Insurance Sales Agentss in Farmington, NM is $66,180. While this is lower than the national average, the cost of living in Farmington, NM may offset the difference, preserving real purchasing power.

Executive Summary

  • Average Salary: $66,180 per year.
  • Growth Trend: Salaries have shifted 17.6% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $127,150.
  • Outlook: The current demand for Insurance Sales Agentss is stable, with a local workforce of approximately 100 professionals. This role remains a specialized component of the broader Farmington, NM economy.
2024 Market Data

Salary Overview

$66,180

The average Insurance Sales Agents in Farmington, NM earns-18.8%below the national average.

BreakdownBased on 40h/week
Hourly

$31.8

Weekly

$1,273

Monthly

$5,515

Insurance Sales Agents Salary Distribution in Farmington, NM

The earning potential for Insurance Sales Agentss in Farmington, NM varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.2x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $29,970, while highly experienced professionals can command wages upwards of $127,150.

Experience LevelMarket PercentileAnnual WageHourly Rate
SDR / BDRLead generation, prospecting, cold calling.10% (Entry)$29,970$14.4
Account ExecutiveClosing deals, managing small-mid market clients.25% (Junior)$49,635$23.9
Senior AEHandling enterprise clients and complex negotiations.50% (Median)$47,800$23
Sales ManagerManaging a team of reps, setting quotas & strategy.75% (Senior)$82,725$39.8
VP of SalesRevenue strategy, expansion, C-suite relationships.90% (Expert)$127,150$61.1

Detailed Insurance Sales Agents Market Analysis

Relocation Context

Nominal Salary

$66,180

Gross Pay

Real Wage (Purchasing Power)

$66,180

Adjusted for COL (100)

In Farmington, NM, the Cost of Living Index is 100. This increases your effective purchasing power from $66,180 to $66,180.

Job Market Context

100

Total Jobs

2.094

Per 1K Jobs

0.69

Location Quotient

Below Average

Farmington, NM has 0.69x 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.

100 people work as Insurance Sales Agents in Farmington, NM.

Moderate density — roughly 2.094 out of every 1,000 local jobs are in this profession.

Nearby Job Markets

Hiring Insurance Sales Agentss?

Frequently Asked Questions

How much does a Insurance Sales Agents make in Farmington, NM?

The median annual salary for a Insurance Sales Agents in Farmington, NM is $66,180. This typically ranges from $29,970 for entry-level positions to $127,150 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Farmington, NM is 18.8% lower than the national median of $81,510.

Is Farmington, NM a good place for Insurance Sales Agentss?

It depends on your priorities. While the average Insurance Sales Agents salary in Farmington, NM is $66,180 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Farmington, NM. See distinct detailed breakdown below.

Is Farmington, NM a good place to live for Insurance Sales Agents?

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

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 100 employees in the Farmington, NM area with a job density of 2.094 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 Farmington, NM