Average Insurance Sales Agents Salary in Kalamazoo-Portage, MI
Insurance Sales Agents in Kalamazoo-Portage, MI, earn an average annual salary of $64,820. This figure is notably below the national average of $81,510, suggesting that local market dynamics, such as industry demand and regional economic factors, play a significant role in compensation levels within this specific metropolitan area.
Executive Summary
- Average Salary: $64,820 per year.
- Growth Trend: Salaries have shifted 23.6% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $120,340.
- Outlook: The Kalamazoo-Portage, MI, job market for Insurance Sales Agents shows a modest concentration, with a Location Quotient of 0.77, indicating a slightly lower presence compared to the national average. The total local workforce of 280 professionals, coupled with 2.348 jobs per 1,000 workers, suggests a stable but not rapidly expanding demand for these roles in the region.
Salary Overview
The average Insurance Sales Agents in Kalamazoo-Portage, MI earns-20.5%below the national average.
$31.2
$1,247
$5,402
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for Kalamazoo-Portage 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 evolving market needs and inflation. This trend likely extends to the Kalamazoo-Portage area, with potential for incremental salary increases as the market matures and demand fluctuates.
Insurance Sales Agents Salary Distribution in Kalamazoo-Portage, MI
Salary progression for Insurance Sales Agents in Kalamazoo-Portage, MI, typically correlates with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with a proven track record and advanced sales skills can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies substantial career growth potential and increased earning capacity.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $36,890 | $17.7 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $48,615 | $23.4 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $48,340 | $23.2 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $81,025 | $39 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $120,340 | $57.9 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$64,820
Gross Pay
Real Wage (Purchasing Power)
$64,820
Adjusted for COL (100)
The average annual salary of $64,820 in Kalamazoo-Portage, MI, 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 foundation for residents without the added pressure of a higher cost of living.
Job Market Context
280
Total Jobs
2.348
Per 1K Jobs
0.77
Location Quotient
Kalamazoo-Portage, MI has 0.77x 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 0.77, the Kalamazoo-Portage, MI, market for Insurance Sales Agents is less concentrated than the national average. This suggests that while there is a consistent need for these professionals, the job market may be less saturated, potentially offering a more accessible entry point for new agents compared to highly concentrated national hubs.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Battle Creek, MI Insurance Sales Agents Salary | $59,760↓ 8% | 18 mi |
| Elkhart-Goshen, IN Insurance Sales Agents Salary | $83,980↑ 30% | 45 mi |
| Niles, MI Insurance Sales Agents Salary | $67,370↑ 4% | 45 mi |
| Grand Rapids-Wyoming-Kentwood, MI Insurance Sales Agents Salary | $68,970↑ 6% | 48 mi |
| South Bend-Mishawaka, IN-MI Insurance Sales Agents Salary | $72,970↑ 13% | 54 mi |
Comparing salaries near Kalamazoo-Portage, MI
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Kalamazoo-Portage, MI?
The median annual salary for a Insurance Sales Agents in Kalamazoo-Portage, MI is $64,820. This typically ranges from $36,890 for entry-level positions to $120,340 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kalamazoo-Portage, MI is 20.5% lower than the national median of $81,510.
Is Kalamazoo-Portage, MI a lucrative place for Insurance Sales Agents?
No, not exceptionally lucrative compared to the national average.While the average salary of $64,820 is stable relative to the national cost of living, it falls significantly short of the national average salary for Insurance Sales Agents.
Is Kalamazoo-Portage, MI a good place to live for Insurance Sales Agents?
The Cost of Living Index in Kalamazoo-Portage, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kalamazoo-Portage, MI?
Some top paying nearby cities include Battle Creek, MI ($59,760) and Elkhart-Goshen, IN.
How does the Kalamazoo-Portage salary compare to the national average?
The average salary of $64,820 in Kalamazoo-Portage, MI, is approximately 20.5% lower than the national average of $81,510 for Insurance Sales Agents.
What is the significance of the Location Quotient (LQ) for this role?
An LQ of 0.77 indicates that Insurance Sales Agents are slightly less prevalent in Kalamazoo-Portage, MI, compared to the national average, suggesting a moderately competitive job market.
Does the cost of living affect the perceived value of the salary?
No, the cost of living in Kalamazoo-Portage, MI, is exactly at the national average (100), meaning the $64,820 salary has standard national purchasing power.
What is the total number of Insurance Sales Agents in Kalamazoo-Portage, MI?
There are approximately 280 Insurance Sales Agents employed within the Kalamazoo-Portage, MI, metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 280 employees in the Kalamazoo-Portage, MI area with a job density of 2.348 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 Kalamazoo-Portage, MI