Average Insurance Sales Agents Salary in Hilton Head Island-Bluffton-Port Royal, SC
Insurance Sales Agents in the Hilton Head Island-Bluffton-Port Royal, SC area earn an average annual salary of $70,750. This figure is notably below the national average of $81,510, suggesting that local market dynamics and potentially a different competitive landscape influence compensation in this region. Factors such as the specific economic drivers of the area and the concentration of insurance providers likely play a role in this salary differential.
Executive Summary
- Average Salary: $70,750 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $104,350.
- Outlook: The local job market for Insurance Sales Agents in Hilton Head Island-Bluffton-Port Royal, SC, appears stable, with a total workforce of 220 individuals. The Location Quotient of 0.9 indicates a concentration of these roles that is slightly below the national average, suggesting a market that is neither oversaturated nor exceptionally in-demand compared to the rest of the country. The presence of 2.727 jobs per 1,000 workers signifies a consistent, albeit moderate, level of employment opportunities.
Salary Overview
The average Insurance Sales Agents in Hilton Head Island-Bluffton-Port Royal, SC earns-13.2%below the national average.
$34
$1,361
$5,896
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for this precise region isn't provided, it's reasonable to assume that salaries for Insurance Sales Agents have experienced gradual growth over the past four years, mirroring national trends. Economic recovery, evolving insurance needs, and inflation typically drive upward adjustments in compensation across most professional fields, including sales roles within the insurance sector.
Insurance Sales Agents Salary Distribution in Hilton Head Island-Bluffton-Port Royal, SC
Salary progression for Insurance Sales Agents is strongly tied to experience and performance. Entry-level positions typically command lower salaries, while seasoned professionals with a proven track record and established client bases can significantly increase their earning potential. The percentile gaps in salary distribution reflect this career trajectory, with senior agents often earning substantially more than their junior counterparts due to accumulated expertise and sales volume.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $37,940 | $18.2 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $53,063 | $25.5 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $60,010 | $28.9 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $88,438 | $42.5 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $104,350 | $50.2 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$70,750
Gross Pay
Real Wage (Purchasing Power)
$70,750
Adjusted for COL (100)
The average annual salary of $70,750 for Insurance Sales Agents in Hilton Head Island-Bluffton-Port Royal, SC, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, providing a stable financial standing for agents residing in this area without the added financial pressure of a higher cost of living.
Job Market Context
220
Total Jobs
2.727
Per 1K Jobs
0.9
Location Quotient
Hilton Head Island-Bluffton-Port Royal, SC has 0.90x 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 0.9, the Hilton Head Island-Bluffton-Port Royal, SC, market for Insurance Sales Agents is slightly less concentrated than the national average. This suggests that while the profession is present and actively employing individuals, it may not be a primary hub for insurance sales compared to other regions. This could present opportunities for agents looking to enter a less saturated market or indicate a more specialized local demand.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Savannah, GA Insurance Sales Agents Salary | $77,010↑ 9% | 28 mi |
| Charleston-North Charleston, SC Insurance Sales Agents Salary | $86,470↑ 22% | 63 mi |
| Brunswick-St. Simons, GA Insurance Sales Agents Salary | $59,080↓ 16% | 84 mi |
Comparing salaries near Hilton Head Island-Bluffton-Port Royal, SC
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Hilton Head Island-Bluffton-Port Royal, SC?
The median annual salary for a Insurance Sales Agents in Hilton Head Island-Bluffton-Port Royal, SC is $70,750. This typically ranges from $37,940 for entry-level positions to $104,350 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hilton Head Island-Bluffton-Port Royal, SC is 13.2% lower than the national median of $81,510.
Is Hilton Head Island-Bluffton-Port Royal, SC a lucrative place for Insurance Sales Agents?
No, not significantly more lucrative than the national average.The average salary of $70,750 is below the national average of $81,510, though the cost of living is on par with the national average.
Is Hilton Head Island-Bluffton-Port Royal, SC a good place to live for Insurance Sales Agents?
The Cost of Living Index in Hilton Head Island-Bluffton-Port Royal, SC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Hilton Head Island-Bluffton-Port Royal, SC?
Some top paying nearby cities include Savannah, GA ($77,010) and Charleston-North Charleston, SC.
How does the Hilton Head Island-Bluffton-Port Royal, SC salary compare to the national average?
The average salary for Insurance Sales Agents in Hilton Head Island-Bluffton-Port Royal, SC, is $70,750, which is lower than the national average of $81,510.
What is the cost of living in Hilton Head Island-Bluffton-Port Royal, SC for Insurance Sales Agents?
The cost of living index in Hilton Head Island-Bluffton-Port Royal, SC, is 100, which is exactly the national average, meaning the purchasing power of the local salary is equivalent to the national average.
How concentrated is the job market for Insurance Sales Agents in this area?
The job market concentration, indicated by a Location Quotient of 0.9, is slightly below the national average, suggesting a moderately present but not dominant market for these roles.
What is the total number of Insurance Sales Agents in Hilton Head Island-Bluffton-Port Royal, SC?
There are approximately 220 Insurance Sales Agents employed in the Hilton Head Island-Bluffton-Port Royal, SC area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Hilton Head Island-Bluffton-Port Royal, SC area with a job density of 2.727 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 Hilton Head Island-Bluffton-Port Royal, SC
- All Occupations Salary in Hilton Head Island-Bluffton-Port Royal, SC
- Food Preparation and Serving Related Occupations Salary in Hilton Head Island-Bluffton-Port Royal, SC
- Office and Administrative Support Occupations Salary in Hilton Head Island-Bluffton-Port Royal, SC
- Sales and Related Occupations Salary in Hilton Head Island-Bluffton-Port Royal, SC
- Transportation and Material Moving Occupations Salary in Hilton Head Island-Bluffton-Port Royal, SC
- Healthcare Practitioners and Technical Occupations Salary in Hilton Head Island-Bluffton-Port Royal, SC
- Building and Grounds Cleaning and Maintenance Occupations Salary in Hilton Head Island-Bluffton-Port Royal, SC
- Management Occupations Salary in Hilton Head Island-Bluffton-Port Royal, SC
- Healthcare Support Occupations Salary in Hilton Head Island-Bluffton-Port Royal, SC
- Construction and Extraction Occupations Salary in Hilton Head Island-Bluffton-Port Royal, SC
- Browse All Jobs in Hilton Head Island-Bluffton-Port Royal, SC →
Semantic Salary Analysis for Insurance Sales Agents • Data source: BLS OEWS 2024 •Jobs in Hilton Head Island-Bluffton-Port Royal, SC