Average Insurance Sales Agents Salary in Gulfport-Biloxi, MS
Insurance Sales Agents in the Gulfport-Biloxi, MS area earn an average annual salary of $60,320. This figure is notably below the national average of $81,510, reflecting regional economic factors and a potentially different market dynamic. Localized demand and the overall economic landscape of the Mississippi coast play a significant role in shaping compensation for this profession.
Executive Summary
- Average Salary: $60,320 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $113,730.
- Outlook: With a total local workforce of 350 Insurance Sales Agents, the Gulfport-Biloxi market presents a moderately sized employment pool. The Location Quotient of 0.73 indicates that this profession is slightly less concentrated here compared to the national average, suggesting a stable but not exceptionally high demand for new agents. The number of jobs per 1,000 workers, at 2.234, further supports the notion of a consistent, albeit not rapidly expanding, job market for insurance professionals in this region.
Salary Overview
The average Insurance Sales Agents in Gulfport-Biloxi, MS earns-26.0%below the national average.
$29
$1,160
$5,027
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for Gulfport-Biloxi is not provided, it is reasonable to assume that salaries for Insurance Sales Agents have seen gradual growth over the past four years, mirroring national trends. Economic recovery, evolving insurance needs, and inflation typically contribute to modest annual increases in compensation for sales roles. This suggests a generally positive, albeit potentially slow, upward trajectory for earnings in this field within the region.
Insurance Sales Agents Salary Distribution in Gulfport-Biloxi, MS
Career progression for Insurance Sales Agents in Gulfport-Biloxi, MS, typically involves a significant salary increase with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with established client bases and advanced sales skills can command substantially higher earnings. The percentile gaps in salary distribution highlight the potential for substantial income growth as agents build their careers and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $30,050 | $14.4 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $45,240 | $21.8 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $45,440 | $21.8 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $75,400 | $36.3 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $113,730 | $54.7 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$60,320
Gross Pay
Real Wage (Purchasing Power)
$60,320
Adjusted for COL (100)
The average annual salary of $60,320 in Gulfport-Biloxi, MS, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an Insurance Sales Agent's salary in this area is equivalent to the national average. While the nominal salary is lower than the national average, the stable cost of living suggests that the take-home pay offers a comparable standard of living to many other parts of the country.
Job Market Context
350
Total Jobs
2.234
Per 1K Jobs
0.73
Location Quotient
Gulfport-Biloxi, MS has 0.73x 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 0.73 for Insurance Sales Agents in Gulfport-Biloxi, MS, indicates that the concentration of these professionals is slightly below the national average. This suggests that the job market is neither oversaturated nor exceptionally scarce. While there is a steady presence of agents, the slightly lower concentration might imply a balanced demand and supply, potentially offering moderate opportunities for new entrants without intense competition.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Slidell-Mandeville-Covington, LA Insurance Sales Agents Salary | $61,350↑ 2% | 44 mi |
| New Orleans-Metairie, LA Insurance Sales Agents Salary | $66,670↑ 11% | 57 mi |
| Mobile, AL Insurance Sales Agents Salary | $80,430↑ 33% | 59 mi |
| Daphne-Fairhope-Foley, AL Insurance Sales Agents Salary | $77,220↑ 28% | 72 mi |
Comparing salaries near Gulfport-Biloxi, MS
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Gulfport-Biloxi, MS?
The median annual salary for a Insurance Sales Agents in Gulfport-Biloxi, MS is $60,320. This typically ranges from $30,050 for entry-level positions to $113,730 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Gulfport-Biloxi, MS is 26.0% lower than the national median of $81,510.
Is Gulfport-Biloxi, MS a lucrative place for Insurance Sales Agents?
No, not exceptionally lucrative compared to national averages.The average salary of $60,320 is significantly lower than the national average of $81,510. However, the cost of living is also at the national average, meaning the purchasing power is comparable.
Is Gulfport-Biloxi, MS a good place to live for Insurance Sales Agents?
The Cost of Living Index in Gulfport-Biloxi, MS is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Gulfport-Biloxi, MS?
Some top paying nearby cities include Slidell-Mandeville-Covington, LA ($61,350) and New Orleans-Metairie, LA.
How does experience affect an Insurance Sales Agent's salary in Gulfport-Biloxi?
Experience is a key driver of salary growth. Entry-level agents typically earn less, while senior agents with proven sales records and client portfolios can significantly increase their earnings, with substantial percentile gaps reflecting this progression.
What is the job market like for Insurance Sales Agents in Gulfport-Biloxi?
The job market is moderately sized with a stable presence of agents. The Location Quotient suggests a balanced demand and supply, indicating steady but not explosive growth opportunities.
Does the cost of living in Gulfport-Biloxi impact the value of the salary?
No, the cost of living in Gulfport-Biloxi is at the national average (100). This means that the $60,320 salary offers a purchasing power equivalent to the national average, despite being lower than the national salary average.
Are there many Insurance Sales Agent jobs in Gulfport-Biloxi?
There are 350 Insurance Sales Agents in the local workforce, with 2.234 jobs per 1,000 workers. This indicates a consistent presence of these roles within the region's employment landscape.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 350 employees in the Gulfport-Biloxi, MS area with a job density of 2.234 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Insurance Sales Agents Salaries by State
Top Jobs in Gulfport-Biloxi, MS
- All Occupations Salary in Gulfport-Biloxi, MS
- Food Preparation and Serving Related Occupations Salary in Gulfport-Biloxi, MS
- Office and Administrative Support Occupations Salary in Gulfport-Biloxi, MS
- Sales and Related Occupations Salary in Gulfport-Biloxi, MS
- Transportation and Material Moving Occupations Salary in Gulfport-Biloxi, MS
- Production Occupations Salary in Gulfport-Biloxi, MS
- Healthcare Practitioners and Technical Occupations Salary in Gulfport-Biloxi, MS
- Construction and Extraction Occupations Salary in Gulfport-Biloxi, MS
- Educational Instruction and Library Occupations Salary in Gulfport-Biloxi, MS
- Installation, Maintenance, and Repair Occupations Salary in Gulfport-Biloxi, MS
- Browse All Jobs in Gulfport-Biloxi, MS →
Semantic Salary Analysis for Insurance Sales Agents • Data source: BLS OEWS 2024 •Jobs in Gulfport-Biloxi, MS