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Average Insurance Sales Agents Salary in Illinois

Insurance Sales Agents in Illinois command an impressive average annual salary of $96,810, significantly surpassing the national average of $81,510. This elevated compensation is likely influenced by a combination of factors specific to the Illinois market, including industry demand, regulatory environment, and the overall economic landscape of the state.

Executive Summary

  • Average Salary: $96,810 per year.
  • Growth Trend: Salaries have shifted 42.0% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $158,980.
  • Outlook: With a substantial local workforce of 17,640 Insurance Sales Agents, Illinois demonstrates a robust employment base for this profession. The location quotient of 0.96 suggests a market that is nearly on par with the national concentration, indicating a stable and consistent demand for skilled insurance professionals within the state.
2024 Market Data

Salary Overview

$96,810

The average Insurance Sales Agents in Illinois earns+18.8%above the national average.

BreakdownBased on 40h/week
Hourly

$46.5

Weekly

$1,862

Monthly

$8,068

Insurance Sales Agents Salary Distribution in Illinois

Career progression for Insurance Sales Agents in Illinois is clearly reflected in salary potential. Entry-level positions might start closer to the lower percentiles, but with experience and proven sales performance, agents can ascend to senior roles commanding salaries well above the average. The widening gap between entry-level and senior-level earnings signifies substantial opportunities for career advancement and increased earning capacity.

Experience LevelMarket PercentileAnnual WageHourly Rate
SDR / BDRLead generation, prospecting, cold calling.10% (Entry)$38,190$18.4
Account ExecutiveClosing deals, managing small-mid market clients.25% (Junior)$72,608$34.9
Senior AEHandling enterprise clients and complex negotiations.50% (Median)$59,340$28.5
Sales ManagerManaging a team of reps, setting quotas & strategy.75% (Senior)$121,013$58.2
VP of SalesRevenue strategy, expansion, C-suite relationships.90% (Expert)$158,980$76.4

Detailed Insurance Sales Agents Market Analysis

Relocation Context

Nominal Salary

$96,810

Gross Pay

Real Wage (Purchasing Power)

$105,458

Adjusted for COL (91.8)

The average annual salary of $96,810 in Illinois presents a strong financial advantage when considering the state's cost of living index of 91.8. This index, which is below the national average of 100, indicates that the purchasing power of an Illinois-based Insurance Sales Agent's salary is likely higher than the nominal figure suggests, making the state an attractive location for the profession.

Job Market Context

17,640

Total Jobs

2.909

Per 1K Jobs

0.96

Location Quotient

Below Average

Illinois has 0.96x 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.

An Illinois location quotient of 0.96 for Insurance Sales Agents signifies that the concentration of these professionals in the state is very close to the national average. This suggests a balanced job market where demand and supply are relatively aligned, indicating a healthy level of competition and opportunity for both new entrants and established agents.

Nearby Job Markets

Nearby Cities for Insurance Sales Agents

CitySalaryDist.
Bloomington, IL Insurance Sales Agents Salary$102,040↑ 5%9 mi
Decatur, IL Insurance Sales Agents Salary$64,390↓ 33%34 mi
Champaign-Urbana, IL Insurance Sales Agents Salary$77,060↓ 20%41 mi
Peoria, IL Insurance Sales Agents Salary$59,180↓ 39%43 mi
Springfield, IL Insurance Sales Agents Salary$66,850↓ 31%53 mi

Comparing salaries near Illinois

Hiring Insurance Sales Agentss?

Frequently Asked Questions

How much does a Insurance Sales Agents make in Illinois?

The median annual salary for a Insurance Sales Agents in Illinois is $96,810. This typically ranges from $38,190 for entry-level positions to $158,980 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Illinois is 18.8% higher than the national median of $81,510.

Is Illinois a lucrative place for Insurance Sales Agentss?

Yes, Illinois offers a lucrative environment for Insurance Sales Agents.The average salary of $96,810 significantly exceeds the national average, and the cost of living is below the national benchmark, enhancing earning potential.

Is Illinois a good place to live for Insurance Sales Agents?

With a Cost of Living Index of 91.8 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Illinois?

Some top paying nearby cities include Bloomington, IL ($102,040) and Decatur, IL.

How does the Illinois salary compare to the national average?

Insurance Sales Agents in Illinois earn an average of $96,810 annually, which is notably higher than the national average of $81,510.

What is the concentration of Insurance Sales Agents in Illinois?

Illinois has a location quotient of 0.96 for Insurance Sales Agents, indicating a workforce concentration that is very close to the national average.

How does the cost of living in Illinois affect the salary?

With a cost of living index of 91.8, which is below the national average, the $96,810 salary in Illinois offers strong purchasing power.

What is the total number of Insurance Sales Agents in Illinois?

There are approximately 17,640 Insurance Sales Agents employed in Illinois, reflecting a substantial professional community.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 17,640 employees in the Illinois area with a job density of 2.909 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Insurance Sales Agents • Data source: BLS OEWS 2024 •Jobs in Illinois