Average Insurance Sales Agents Salary in Hot Springs, AR
The average salary for Insurance Sales Agentss in Hot Springs, AR is $58,590. While this is lower than the national average, the cost of living in Hot Springs, AR may offset the difference, preserving real purchasing power. Notably, Hot Springs, AR is a key hub for this profession, with a job concentration 1.4x higher than average.
Executive Summary
- Average Salary: $58,590 per year.
- Growth Trend: Salaries have shifted 27.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $92,290.
- Outlook: The current demand for Insurance Sales Agentss is stable, with a local workforce of approximately 160 professionals. With a high job density of 4.273 per 1,000 jobs, there is a strong concentration of opportunities in this sector.
Salary Overview
The average Insurance Sales Agents in Hot Springs, AR earns-28.1%below the national average.
$28.2
$1,127
$4,883
Insurance Sales Agents Salary Trends (2020-2024)
Over the past 4 years, Insurance Sales Agents salaries in Hot Springs, AR have experienced a rapid surge, growing by 27.3%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Insurance Sales Agents Salary Distribution in Hot Springs, AR
The earning potential for Insurance Sales Agentss in Hot Springs, AR varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.9x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $23,650, while highly experienced professionals can command wages upwards of $92,290.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $23,650 | $11.4 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $43,943 | $21.1 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $47,450 | $22.8 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $73,238 | $35.2 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $92,290 | $44.4 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$58,590
Gross Pay
Real Wage (Purchasing Power)
$58,590
Adjusted for COL (100)
In Hot Springs, AR, the Cost of Living Index is 100. This increases your effective purchasing power from $58,590 to $58,590.
Job Market Context
160
Total Jobs
4.273
Per 1K Jobs
1.4
Location Quotient
With a location quotient of 1.40, Hot Springs, AR has a slightly higher-than-average concentration of Insurance Sales Agents roles compared to the national norm.
160 people work as Insurance Sales Agents in Hot Springs, AR.
Moderate density — roughly 4.273 out of every 1,000 local jobs are in this profession.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Little Rock-North Little Rock-Conway, AR Insurance Sales Agents Salary | $76,680↑ 31% | 43 mi |
| South Arkansas nonmetropolitan area Insurance Sales Agents Salary | $55,080↓ 6% | 51 mi |
| North Arkansas nonmetropolitan area Insurance Sales Agents Salary | $54,890↓ 6% | 51 mi |
| West Arkansas nonmetropolitan area Insurance Sales Agents Salary | $63,830↑ 9% | 51 mi |
| East Arkansas nonmetropolitan area Insurance Sales Agents Salary | $53,450↓ 9% | 51 mi |
Comparing salaries near Hot Springs, AR
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Hot Springs, AR?
The median annual salary for a Insurance Sales Agents in Hot Springs, AR is $58,590. This typically ranges from $23,650 for entry-level positions to $92,290 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hot Springs, AR is 28.1% lower than the national median of $81,510.
Is Hot Springs, AR a good place for Insurance Sales Agentss?
Yes, Hot Springs, AR is highly recommended due to strong job demand. While salaries are competitive ($58,590), the area is particularly notable for its high job density for Insurance Sales Agentss. See distinct detailed breakdown below.
Is Hot Springs, AR a good place to live for Insurance Sales Agents?
The Cost of Living Index in Hot Springs, AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Hot Springs, AR?
Some top paying nearby cities include Little Rock-North Little Rock-Conway, AR ($76,680) and South Arkansas nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 160 employees in the Hot Springs, AR area with a job density of 4.273 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 Hot Springs, AR