Average Insurance Sales Agents Salary in Kennewick-Richland, WA
In Kennewick-Richland, WA, Insurance Sales Agents earn an average annual salary of $56,190. This figure is notably below the national average of $81,510, suggesting that local market dynamics, such as demand and the concentration of industry players, play a significant role in compensation levels within this specific metropolitan area.
Executive Summary
- Average Salary: $56,190 per year.
- Growth Trend: Salaries have shifted 0.7% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $76,650.
- Outlook: The Kennewick-Richland area supports a local workforce of 210 Insurance Sales Agents. With a Location Quotient of 0.54, the concentration of these roles is below the national average, indicating a less saturated market compared to national trends. The rate of 1.642 jobs per 1,000 workers further contextualizes the employment landscape for this profession in the region.
Salary Overview
The average Insurance Sales Agents in Kennewick-Richland, WA earns-31.1%below the national average.
$27
$1,081
$4,683
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for Kennewick-Richland is not provided, it is generally assumed that salaries for Insurance Sales Agents across the nation, and likely within this region, have experienced steady growth over the past four years. This trend is typically driven by inflation, increasing demand for insurance products, and the evolving complexity of financial services.
Insurance Sales Agents Salary Distribution in Kennewick-Richland, WA
Salary progression for Insurance Sales Agents is strongly tied to experience. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with proven sales records and specialized knowledge can command significantly higher salaries. The percentile gaps in earnings clearly signify career advancement opportunities, rewarding increased expertise and client acquisition success.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $36,080 | $17.3 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $42,143 | $20.3 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $47,300 | $22.7 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $70,238 | $33.8 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $76,650 | $36.9 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$56,190
Gross Pay
Real Wage (Purchasing Power)
$56,190
Adjusted for COL (100)
The average annual salary of $56,190 in Kennewick-Richland, WA, aligns precisely with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of an Insurance Sales Agent's income in this area is comparable to the national standard, offering a balanced financial outlook.
Job Market Context
210
Total Jobs
1.642
Per 1K Jobs
0.54
Location Quotient
Kennewick-Richland, WA has 0.54x 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.
A Location Quotient of 0.54 for Insurance Sales Agents in Kennewick-Richland indicates that this profession is less concentrated than the national average. This suggests that while there may not be an overabundance of these roles, the demand is present, and the market is not overly saturated, potentially offering stable opportunities for skilled professionals.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Walla Walla, WA Insurance Sales Agents Salary | $63,950↑ 14% | 41 mi |
| Yakima, WA Insurance Sales Agents Salary | $57,550↑ 2% | 71 mi |
Comparing salaries near Kennewick-Richland, WA
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Kennewick-Richland, WA?
The median annual salary for a Insurance Sales Agents in Kennewick-Richland, WA is $56,190. This typically ranges from $36,080 for entry-level positions to $76,650 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kennewick-Richland, WA is 31.1% lower than the national median of $81,510.
Is Kennewick-Richland, WA a lucrative place for Insurance Sales Agentss?
No, not compared to the national average.The average salary of $56,190 is significantly lower than the national average of $81,510. However, the cost of living is on par with the national average, making the effective purchasing power comparable.
Is Kennewick-Richland, WA a good place to live for Insurance Sales Agents?
The Cost of Living Index in Kennewick-Richland, WA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kennewick-Richland, WA?
Some top paying nearby cities include Walla Walla, WA ($63,950) and Yakima, WA.
How does the local workforce size affect job prospects?
A local workforce of 210 suggests a moderate-sized market. While not as large as major metropolitan areas, it indicates a stable presence of the profession within the Kennewick-Richland economy.
What does a Location Quotient of 0.54 mean for job seekers?
A Location Quotient below 1.0, like 0.54, means the concentration of Insurance Sales Agents is lower than the national average. This could imply fewer job openings but potentially less competition for those roles.
How does the Cost of Living Index impact the salary?
With a Cost of Living Index of 100, the $56,190 salary in Kennewick-Richland has the same purchasing power as the national average salary. This means expenses for housing, goods, and services are typical.
Are there many Insurance Sales Agent jobs per capita in Kennewick-Richland?
The rate of 1.642 jobs per 1,000 workers suggests a moderate level of job availability relative to the general population, aligning with the below-average concentration indicated by the Location Quotient.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the Kennewick-Richland, WA area with a job density of 1.642 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 Kennewick-Richland, WA