Average Insurance Sales Agents Salary in Kingsport-Bristol, TN-VA
Insurance Sales Agents in the Kingsport-Bristol, TN-VA area earn an average annual salary of $67,940. 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 for this profession.
Executive Summary
- Average Salary: $67,940 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $130,920.
- Outlook: With a total local workforce of 200 Insurance Sales Agents and a Location Quotient of 0.57, the job market in Kingsport-Bristol, TN-VA indicates a concentration below the national average. This suggests a less saturated market compared to national trends, potentially offering opportunities for dedicated professionals, though the overall demand may be moderate.
Salary Overview
The average Insurance Sales Agents in Kingsport-Bristol, TN-VA earns-16.6%below the national average.
$32.7
$1,307
$5,662
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for Kingsport-Bristol is not provided, it is generally assumed that the insurance sales sector, like many others, has experienced steady growth over the past four years. This growth typically translates to incremental salary increases for Insurance Sales Agents, driven by evolving market needs, inflation, and the increasing complexity of insurance products.
Insurance Sales Agents Salary Distribution in Kingsport-Bristol, TN-VA
Salary progression for Insurance Sales Agents in Kingsport-Bristol, TN-VA typically scales with experience. Entry-level positions might start closer to the lower percentiles, while seasoned agents with a proven track record and extensive client networks 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) | $30,780 | $14.8 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $50,955 | $24.5 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $45,370 | $21.8 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $84,925 | $40.8 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $130,920 | $62.9 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$67,940
Gross Pay
Real Wage (Purchasing Power)
$67,940
Adjusted for COL (100)
The average annual salary of $67,940 in Kingsport-Bristol, TN-VA aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of an Insurance Sales Agent's salary in this region is equivalent to the national average, offering a stable financial environment without significant advantages or disadvantages related to living expenses.
Job Market Context
200
Total Jobs
1.724
Per 1K Jobs
0.57
Location Quotient
Kingsport-Bristol, TN-VA has 0.57x 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 0.57 for Insurance Sales Agents in Kingsport-Bristol, TN-VA signifies that the concentration of these professionals is less than half of the national average. This suggests that the job market is not overly saturated, and while there may be fewer opportunities compared to national hubs, the competition for available roles might be less intense.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Johnson City, TN Insurance Sales Agents Salary | $53,850↓ 21% | 16 mi |
| Asheville, NC Insurance Sales Agents Salary | $84,680↑ 25% | 66 mi |
| Hickory-Lenoir-Morganton, NC Insurance Sales Agents Salary | $73,930↑ 9% | 87 mi |
| Knoxville, TN Insurance Sales Agents Salary | $64,800↓ 5% | 87 mi |
Comparing salaries near Kingsport-Bristol, TN-VA
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Kingsport-Bristol, TN-VA?
The median annual salary for a Insurance Sales Agents in Kingsport-Bristol, TN-VA is $67,940. This typically ranges from $30,780 for entry-level positions to $130,920 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kingsport-Bristol, TN-VA is 16.6% lower than the national median of $81,510.
Is Kingsport-Bristol, TN-VA a lucrative place for Insurance Sales Agentss?
No, not particularly lucrative compared to the national average.The average salary of $67,940 is significantly lower than the national average of $81,510. However, the cost of living is also at the national average, meaning the salary's purchasing power is standard.
Is Kingsport-Bristol, TN-VA a good place to live for Insurance Sales Agents?
The Cost of Living Index in Kingsport-Bristol, TN-VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kingsport-Bristol, TN-VA?
Some top paying nearby cities include Johnson City, TN ($53,850) and Asheville, NC.
How does the local workforce size affect job prospects for Insurance Sales Agents in Kingsport-Bristol?
A local workforce of 200 Insurance Sales Agents suggests a moderately sized professional community. While not a massive hub, this number indicates a consistent presence of the profession, with potential for networking and a stable, albeit not rapidly expanding, job market.
What does a Location Quotient of 0.57 mean for Insurance Sales Agents in this area?
A Location Quotient of 0.57 means that Insurance Sales Agents are less concentrated in Kingsport-Bristol, TN-VA than the national average. This could imply fewer job openings but potentially less competition for those roles that are available.
How does the number of jobs per 1,000 workers relate to career opportunities?
With 1.724 jobs per 1,000 workers, the rate of Insurance Sales Agent positions relative to the general workforce is modest. This metric suggests a steady but not exceptionally high demand for these professionals within the local economy.
Will my salary as an Insurance Sales Agent increase with experience in Kingsport-Bristol?
Yes, typically, Insurance Sales Agents can expect their salaries to increase with experience. Senior agents with established client bases and a proven sales record generally command higher earnings than entry-level professionals in the Kingsport-Bristol area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Kingsport-Bristol, TN-VA area with a job density of 1.724 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 Kingsport-Bristol, TN-VA