Average Insurance Sales Agents Salary in Fayetteville, NC
Insurance Sales Agents in Fayetteville, NC, earn an average annual salary of $75,520. 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 anyone considering a career in insurance sales within this North Carolina city.
Executive Summary
- Average Salary: $75,520 per year.
- Growth Trend: Salaries have shifted 12.9% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $139,290.
- Outlook: The job market for Insurance Sales Agents in Fayetteville, NC, appears stable, albeit with a concentration below the national average. With a total local workforce of 240 and a Location Quotient of 0.59, the demand for these professionals is present but not exceptionally high compared to national trends. The rate of 1.806 jobs per 1,000 workers indicates a consistent, though not rapidly expanding, need for insurance expertise in the area.
Salary Overview
The average Insurance Sales Agents in Fayetteville, NC earns-7.3%below the national average.
$36.3
$1,452
$6,293
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Insurance Sales Agents in Fayetteville, NC, have experienced growth over the past four years, mirroring national trends. Economic shifts, evolving insurance needs, and inflation typically drive salary increases across most professions, and the insurance sector is unlikely to be an exception.
Insurance Sales Agents Salary Distribution in Fayetteville, NC
Career progression for Insurance Sales Agents in Fayetteville, NC, is typically marked by increasing earning potential. Entry-level positions may start closer to the lower end of the salary spectrum, while seasoned professionals with a proven track record and specialized knowledge can command significantly higher salaries. The percentile gaps in compensation reflect this experience-based scaling, rewarding expertise and sales success.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $36,590 | $17.6 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $56,640 | $27.2 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $56,050 | $26.9 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $94,400 | $45.4 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $139,290 | $67 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$75,520
Gross Pay
Real Wage (Purchasing Power)
$75,520
Adjusted for COL (100)
The average annual salary of $75,520 in Fayetteville, NC, aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that the purchasing power of an Insurance Sales Agent's salary in Fayetteville is equivalent to the national average, offering a balanced financial landscape where income and expenses are in equilibrium with the rest of the country.
Job Market Context
240
Total Jobs
1.806
Per 1K Jobs
0.59
Location Quotient
Fayetteville, NC has 0.59x 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 0.59, Fayetteville, NC, has a lower concentration of Insurance Sales Agents compared to the national average. This suggests that the job market is not oversaturated, potentially offering opportunities for skilled agents to establish themselves. However, it also implies that the demand might be more localized and less robust than in areas with a higher concentration.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Pinehurst-Southern Pines, NC Insurance Sales Agents Salary | $69,120↓ 8% | 29 mi |
| Raleigh-Cary, NC Insurance Sales Agents Salary | $69,530↓ 8% | 55 mi |
| Eastern North Carolina nonmetropolitan area Insurance Sales Agents Salary | $62,910↓ 17% | 60 mi |
| Western North Carolina nonmetropolitan area Insurance Sales Agents Salary | $57,170↓ 24% | 60 mi |
| Central North Carolina nonmetropolitan area Insurance Sales Agents Salary | $55,390↓ 27% | 60 mi |
Comparing salaries near Fayetteville, NC
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Fayetteville, NC?
The median annual salary for a Insurance Sales Agents in Fayetteville, NC is $75,520. This typically ranges from $36,590 for entry-level positions to $139,290 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fayetteville, NC is 7.3% lower than the national median of $81,510.
Is Fayetteville, NC a lucrative place for Insurance Sales Agents?
No, not more lucrative than the national average.While the average salary of $75,520 is substantial, it falls below the national average of $81,510. The cost of living being at the national average means the salary's purchasing power is also at the national average, not exceeding it.
Is Fayetteville, NC a good place to live for Insurance Sales Agents?
The Cost of Living Index in Fayetteville, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fayetteville, NC?
Some top paying nearby cities include Pinehurst-Southern Pines, NC ($69,120) and Raleigh-Cary, NC.
How does Fayetteville's Insurance Sales Agent salary compare to the national average?
The average annual salary for Insurance Sales Agents in Fayetteville, NC, is $75,520, which is lower than the national average of $81,510.
What is the Cost of Living in Fayetteville, NC?
Fayetteville, NC, has a Cost of Living Index of 100, which is exactly the national average, indicating that the general cost of goods and services is comparable to the rest of the United States.
Is there high demand for Insurance Sales Agents in Fayetteville, NC?
The demand is moderate, with 1.806 jobs per 1,000 workers and a Location Quotient of 0.59, which is below the national average concentration.
How many Insurance Sales Agents work in Fayetteville, NC?
There are approximately 240 Insurance Sales Agents employed in Fayetteville, NC, representing a small but established segment of the local workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Fayetteville, NC area with a job density of 1.806 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 Fayetteville, NC