Average Insurance Sales Agents Salary in Greenville, NC
Insurance Sales Agents in Greenville, NC, earn an average annual salary of $71,230. This figure is notably below the national average of $81,510, suggesting that local market dynamics and demand play a significant role in compensation within this region. Factors such as the concentration of insurance providers and the overall economic landscape of Greenville likely contribute to this pay differential.
Executive Summary
- Average Salary: $71,230 per year.
- Growth Trend: Salaries have shifted 49.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $115,720.
- Outlook: With a total local workforce of 200 Insurance Sales Agents and a Location Quotient of 0.8, the job market in Greenville, NC, indicates a slightly lower concentration of these professionals compared to the national average. While not indicating a shortage, this suggests a stable, albeit not hyper-competitive, demand for skilled insurance sales talent within the area.
Salary Overview
The average Insurance Sales Agents in Greenville, NC earns-12.6%below the national average.
$34.3
$1,370
$5,936
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for Greenville, NC is not provided, it is generally assumed that salaries for Insurance Sales Agents nationwide have experienced steady growth over the past four years, driven by inflation, increased demand for financial products, and evolving sales technologies. This trend likely extends to Greenville, with agents potentially seeing incremental increases in their earning potential.
Insurance Sales Agents Salary Distribution in Greenville, NC
The salary landscape for Insurance Sales Agents in Greenville, NC, is expected to show a clear progression based on experience. Entry-level positions typically command lower salaries, while seasoned professionals with a proven track record and advanced sales skills can significantly increase their earnings. The percentile gaps in salary distribution would reflect this career advancement, with senior agents occupying the higher earning brackets.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $36,320 | $17.5 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $53,423 | $25.7 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $56,380 | $27.1 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $89,038 | $42.8 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $115,720 | $55.6 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$71,230
Gross Pay
Real Wage (Purchasing Power)
$71,230
Adjusted for COL (100)
The average annual salary of $71,230 in Greenville, NC, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal income earned by an Insurance Sales Agent in Greenville holds its purchasing power at the national standard, offering a balanced financial environment for residents.
Job Market Context
200
Total Jobs
2.437
Per 1K Jobs
0.8
Location Quotient
Greenville, NC has 0.80x 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 0.8 for Insurance Sales Agents in Greenville, NC, signifies that the concentration of these professionals is 20% lower than the national average. This suggests that while the profession is present, it is not a dominant industry hub, potentially offering a less saturated but still active job market for new entrants and experienced agents.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Rocky Mount, NC Insurance Sales Agents Salary | $75,400↑ 6% | 35 mi |
| Goldsboro, NC Insurance Sales Agents Salary | $68,040↓ 4% | 37 mi |
| Jacksonville, NC Insurance Sales Agents Salary | $67,980↓ 5% | 60 mi |
| Raleigh-Cary, NC Insurance Sales Agents Salary | $69,530↓ 2% | 73 mi |
| Durham-Chapel Hill, NC Insurance Sales Agents Salary | $82,180↑ 15% | 90 mi |
Comparing salaries near Greenville, NC
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Frequently Asked Questions
How much does a Insurance Sales Agents make in Greenville, NC?
The median annual salary for a Insurance Sales Agents in Greenville, NC is $71,230. This typically ranges from $36,320 for entry-level positions to $115,720 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Greenville, NC is 12.6% lower than the national median of $81,510.
Is Greenville, NC a lucrative place for Insurance Sales Agents?
No, it is not as lucrative as the national average.The average salary of $71,230 is below the national average of $81,510, although the cost of living is on par with the national average.
Is Greenville, NC a good place to live for Insurance Sales Agents?
The Cost of Living Index in Greenville, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Greenville, NC?
Some top paying nearby cities include Rocky Mount, NC ($75,400) and Goldsboro, NC.
How does Greenville's job market compare to the national average for Insurance Sales Agents?
Greenville, NC, has a slightly lower concentration of Insurance Sales Agents, indicated by a Location Quotient of 0.8, suggesting a less saturated market compared to the national average.
What is the average salary for an Insurance Sales Agent in Greenville, NC?
The average annual salary for an Insurance Sales Agent in Greenville, NC, is $71,230.
How does the cost of living in Greenville, NC affect salary expectations?
With a Cost of Living Index of 100, the national average, the $71,230 salary in Greenville offers purchasing power equivalent to the national standard, making it a stable financial environment.
What does the total local workforce number imply for job seekers?
A total local workforce of 200 Insurance Sales Agents suggests a moderate-sized market, indicating stable job opportunities without extreme competition.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Greenville, NC area with a job density of 2.437 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 Greenville, NC