Average Insurance Sales Agents Salary in Fort Smith, AR-OK
Insurance Sales Agents in Fort Smith, AR-OK earn an average annual salary of $73,230. 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. The specific economic landscape of the Fort Smith region plays a significant role in shaping the earning potential for this profession.
Executive Summary
- Average Salary: $73,230 per year.
- Growth Trend: Salaries have shifted 41.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $118,770.
- Outlook: With a total local workforce of 210 Insurance Sales Agents, the market in Fort Smith, AR-OK, indicates a moderate presence. The Location Quotient of 0.71 suggests that this profession is slightly less concentrated than the national average, implying a stable but not exceptionally high demand for these roles within the region.
Salary Overview
The average Insurance Sales Agents in Fort Smith, AR-OK earns-10.2%below the national average.
$35.2
$1,408
$6,103
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for Fort Smith is not provided, it is generally assumed that the insurance sales sector, like many others, has experienced steady growth over the past four years. This growth is often driven by evolving market needs, increased awareness of insurance products, and a consistent demand for financial protection, which typically translates to modest salary increases for experienced professionals.
Insurance Sales Agents Salary Distribution in Fort Smith, AR-OK
Salary progression for Insurance Sales Agents in Fort Smith, AR-OK, typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned agents with a proven track record and extensive client networks can command significantly higher salaries, often reaching into the upper percentiles. These percentile gaps clearly signify career advancement opportunities and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $23,070 | $11.1 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $54,923 | $26.4 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $47,540 | $22.9 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $91,538 | $44 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $118,770 | $57.1 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$73,230
Gross Pay
Real Wage (Purchasing Power)
$73,230
Adjusted for COL (100)
The average annual salary of $73,230 in Fort Smith, AR-OK, aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary holds its purchasing power directly against the national standard, indicating that the cost of goods and services in Fort Smith is neither significantly higher nor lower than the national average.
Job Market Context
210
Total Jobs
2.159
Per 1K Jobs
0.71
Location Quotient
Fort Smith, AR-OK has 0.71x 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 0.71 for Insurance Sales Agents in Fort Smith, AR-OK, indicates that the concentration of these professionals is below the national average. This suggests that while the profession is present, the market may not be saturated, potentially offering opportunities for skilled agents, but also hinting that the demand might not be as robust as in more concentrated national markets.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Fayetteville-Springdale-Rogers, AR Insurance Sales Agents Salary | $81,590↑ 11% | 51 mi |
| Hot Springs, AR Insurance Sales Agents Salary | $58,590↓ 20% | 96 mi |
Comparing salaries near Fort Smith, AR-OK
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Fort Smith, AR-OK?
The median annual salary for a Insurance Sales Agents in Fort Smith, AR-OK is $73,230. This typically ranges from $23,070 for entry-level positions to $118,770 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fort Smith, AR-OK is 10.2% lower than the national median of $81,510.
Is Fort Smith, AR-OK a lucrative place for Insurance Sales Agentss?
No, it is not exceptionally lucrative compared to the national average.The average salary of $73,230 is below the national average of $81,510, and the Location Quotient of 0.71 suggests a lower concentration of these roles than the national norm.
Is Fort Smith, AR-OK a good place to live for Insurance Sales Agents?
The Cost of Living Index in Fort Smith, AR-OK is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fort Smith, AR-OK?
Some top paying nearby cities include Fayetteville-Springdale-Rogers, AR ($81,590) and Hot Springs, AR.
How does the cost of living in Fort Smith, AR-OK affect the salary?
With a Cost of Living Index of 100, the local cost of living matches the national average. Therefore, the $73,230 salary in Fort Smith has the same purchasing power as the national average salary would in a typical US city.
What is the job market like for Insurance Sales Agents in Fort Smith?
The job market is stable, with 210 local workers and a Location Quotient of 0.71. This indicates a presence of the profession without an overwhelming concentration, suggesting steady but not explosive demand.
Can an experienced Insurance Sales Agent earn more in Fort Smith?
Yes, experienced agents typically earn more due to their client base and sales expertise. While the average is $73,230, senior-level positions can command salaries significantly higher than this average.
How does Fort Smith's Insurance Sales Agent salary compare to nearby areas?
While specific data for adjacent areas isn't provided, the $73,230 average is below the national average. Professionals seeking higher compensation might consider markets with a higher concentration or demand for insurance sales roles.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the Fort Smith, AR-OK area with a job density of 2.159 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 Fort Smith, AR-OK