Average Insurance Sales Agents Salary in Fayetteville-Springdale-Rogers, AR
Insurance Sales Agents in Fayetteville-Springdale-Rogers, AR, earn an average annual salary of $81,590. This figure is remarkably close to the national average of $81,510, indicating a stable compensation landscape within the region. Local market dynamics and demand for insurance products likely contribute to this alignment with national pay scales.
Executive Summary
- Average Salary: $81,590 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $198,450.
- Outlook: The Fayetteville-Springdale-Rogers area supports a local workforce of 570 Insurance Sales Agents. With a Location Quotient of 0.7, the concentration of these roles is slightly below the national average, suggesting a steady but not overly saturated job market. The presence of 2.12 jobs per 1,000 workers indicates a consistent demand for skilled insurance professionals in the region.
Salary Overview
The average Insurance Sales Agents in Fayetteville-Springdale-Rogers, AR earns+0.1%above the national average.
$39.2
$1,569
$6,799
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Insurance Sales Agents in Fayetteville-Springdale-Rogers have experienced gradual growth over the past four years, mirroring national trends. Factors such as inflation, evolving insurance markets, and increasing demand for financial protection services typically drive upward salary adjustments in this sector.
Insurance Sales Agents Salary Distribution in Fayetteville-Springdale-Rogers, AR
Career progression for Insurance Sales Agents typically involves a significant salary increase with experience. Entry-level positions might start at a lower percentile, while seasoned professionals with established client bases and advanced sales skills can command salaries well above the average, potentially reaching the 75th or 90th percentile. These percentile gaps highlight the substantial earning potential tied to expertise and tenure in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $33,230 | $16 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $61,193 | $29.4 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $51,280 | $24.7 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $101,988 | $49 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $198,450 | $95.4 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$81,590
Gross Pay
Real Wage (Purchasing Power)
$81,590
Adjusted for COL (100)
With an average annual salary of $81,590 and a Cost of Living Index of 100, Insurance Sales Agents in Fayetteville-Springdale-Rogers find their earnings directly align with the national average cost of living. This means the purchasing power of their salary is comparable to that of their counterparts in other regions across the United States, offering a balanced financial environment for residents.
Job Market Context
570
Total Jobs
2.12
Per 1K Jobs
0.7
Location Quotient
Fayetteville-Springdale-Rogers, AR has 0.70x 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 0.7 for Insurance Sales Agents in Fayetteville-Springdale-Rogers indicates that the profession is slightly less concentrated than the national average. This suggests that while the market is stable, there may be opportunities for new entrants or those looking to establish themselves, as the demand is present without being overwhelmingly competitive compared to national hubs.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Fort Smith, AR-OK Insurance Sales Agents Salary | $73,230↓ 10% | 51 mi |
| Joplin, MO-KS Insurance Sales Agents Salary | $66,300↓ 19% | 72 mi |
| Springfield, MO Insurance Sales Agents Salary | $58,480↓ 28% | 91 mi |
| Tulsa, OK Insurance Sales Agents Salary | $68,730↓ 16% | 97 mi |
Comparing salaries near Fayetteville-Springdale-Rogers, AR
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Fayetteville-Springdale-Rogers, AR?
The median annual salary for a Insurance Sales Agents in Fayetteville-Springdale-Rogers, AR is $81,590. This typically ranges from $33,230 for entry-level positions to $198,450 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fayetteville-Springdale-Rogers, AR is 0.1% higher than the national median of $81,510.
Is Fayetteville-Springdale-Rogers, AR a lucrative place for Insurance Sales Agentss?
Yes, it offers competitive compensation.The average salary of $81,590 is on par with the national average, and the cost of living is also at the national average, indicating good earning potential relative to expenses.
Is Fayetteville-Springdale-Rogers, AR a good place to live for Insurance Sales Agents?
The Cost of Living Index in Fayetteville-Springdale-Rogers, AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fayetteville-Springdale-Rogers, AR?
Some top paying nearby cities include Fort Smith, AR-OK ($73,230) and Joplin, MO-KS.
How does the local job market compare to the national average for Insurance Sales Agents?
The local market has a slightly lower concentration of Insurance Sales Agents compared to the national average, with a Location Quotient of 0.7, suggesting a stable but less saturated job environment.
What is the average number of Insurance Sales Agent jobs per 1,000 workers in Fayetteville-Springdale-Rogers, AR?
There are approximately 2.12 Insurance Sales Agent jobs per 1,000 workers in the Fayetteville-Springdale-Rogers area.
Does the cost of living in Fayetteville-Springdale-Rogers, AR affect the value of an Insurance Sales Agent's salary?
No, the cost of living index is 100, which is the national average. This means the $81,590 salary has a purchasing power equivalent to the national average.
What is the total number of Insurance Sales Agents employed in Fayetteville-Springdale-Rogers, AR?
The total local workforce for Insurance Sales Agents in Fayetteville-Springdale-Rogers, AR is approximately 570 individuals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 570 employees in the Fayetteville-Springdale-Rogers, AR area with a job density of 2.12 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-Springdale-Rogers, AR