Average Insurance Sales Agents Salary in Kiryas Joel-Poughkeepsie-Newburgh, NY
Insurance Sales Agents in the Kiryas Joel-Poughkeepsie-Newburgh, NY area earn an impressive average annual salary of $86,440. This figure notably surpasses the national average of $81,510, suggesting that specific market dynamics or demand within this region contribute to higher compensation for these professionals. The localized economic landscape likely plays a significant role in this pay differential.
Executive Summary
- Average Salary: $86,440 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $130,080.
- Outlook: With a total local workforce of 610 Insurance Sales Agents, the Kiryas Joel-Poughkeepsie-Newburgh, NY market demonstrates a stable, albeit not overwhelmingly concentrated, presence of this profession. The Location Quotient of 0.76 indicates a slightly lower concentration compared to the national average, suggesting that while the job exists, it's not a dominant industry hub. This balance implies a steady demand for skilled agents without excessive saturation.
Salary Overview
The average Insurance Sales Agents in Kiryas Joel-Poughkeepsie-Newburgh, NY earns+6.0%above the national average.
$41.6
$1,662
$7,203
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for this precise metropolitan area isn't provided, it's reasonable to assume that the insurance sales sector, like many others, has experienced consistent salary growth over the past four years. Factors such as inflation, evolving market demands, and increased complexity in insurance products likely contribute to an upward trend in compensation for experienced professionals in this field.
Insurance Sales Agents Salary Distribution in Kiryas Joel-Poughkeepsie-Newburgh, NY
Salary progression for Insurance Sales Agents typically scales significantly with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with a proven track record and specialized knowledge can command substantially higher salaries. The percentile gaps in earnings clearly signify career progression, rewarding those who develop expertise and build a robust client base over time.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $38,470 | $18.5 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $64,830 | $31.2 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $65,170 | $31.3 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $108,050 | $51.9 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $130,080 | $62.5 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$86,440
Gross Pay
Real Wage (Purchasing Power)
$86,440
Adjusted for COL (100)
The nominal average salary of $86,440 in Kiryas Joel-Poughkeepsie-Newburgh, NY aligns perfectly 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 area is equivalent to the national standard. While the salary is higher than the national average, the cost of living does not inflate it, offering stable financial standing relative to national benchmarks.
Job Market Context
610
Total Jobs
2.309
Per 1K Jobs
0.76
Location Quotient
Kiryas Joel-Poughkeepsie-Newburgh, NY has 0.76x 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.
The Location Quotient of 0.76 for Insurance Sales Agents in Kiryas Joel-Poughkeepsie-Newburgh, NY suggests a market that is slightly less concentrated than the national average. This indicates that while the profession is present and valued, it does not dominate the local employment landscape. Consequently, the job market may offer a good balance of opportunity and manageable competition for skilled agents.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Kingston, NY Insurance Sales Agents Salary | $80,630↓ 7% | 42 mi |
| New York-Newark-Jersey City, NY-NJ Insurance Sales Agents Salary | $110,260↑ 28% | 44 mi |
| Bridgeport-Stamford-Danbury, CT Insurance Sales Agents Salary | $76,920↓ 11% | 51 mi |
| Waterbury-Shelton, CT Insurance Sales Agents Salary | $106,220↑ 23% | 60 mi |
| New Haven, CT Insurance Sales Agents Salary | $97,050↑ 12% | 64 mi |
Comparing salaries near Kiryas Joel-Poughkeepsie-Newburgh, NY
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Frequently Asked Questions
How much does a Insurance Sales Agents make in Kiryas Joel-Poughkeepsie-Newburgh, NY?
The median annual salary for a Insurance Sales Agents in Kiryas Joel-Poughkeepsie-Newburgh, NY is $86,440. This typically ranges from $38,470 for entry-level positions to $130,080 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kiryas Joel-Poughkeepsie-Newburgh, NY is 6.0% higher than the national median of $81,510.
Is Kiryas Joel-Poughkeepsie-Newburgh, NY a lucrative place for Insurance Sales Agentss?
Yes, it offers above-average earnings.Insurance Sales Agents in this region earn $86,440 annually, exceeding the national average. Coupled with a cost of living index at the national average, this presents a financially advantageous environment.
Is Kiryas Joel-Poughkeepsie-Newburgh, NY a good place to live for Insurance Sales Agents?
The Cost of Living Index in Kiryas Joel-Poughkeepsie-Newburgh, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kiryas Joel-Poughkeepsie-Newburgh, NY?
Some top paying nearby cities include Kingston, NY ($80,630) and New York-Newark-Jersey City, NY-NJ.
How does the local salary compare to the national average?
The average annual salary for Insurance Sales Agents in Kiryas Joel-Poughkeepsie-Newburgh, NY is $86,440, which is higher than the national average of $81,510.
What is the concentration of Insurance Sales Agents in this area?
The Location Quotient is 0.76, indicating that the concentration of Insurance Sales Agents in Kiryas Joel-Poughkeepsie-Newburgh, NY is slightly below the national average.
How does the cost of living affect the salary?
The cost of living in Kiryas Joel-Poughkeepsie-Newburgh, NY is at the national average (100), meaning the higher nominal salary of $86,440 offers purchasing power equivalent to the national standard.
What is the total number of Insurance Sales Agents in the local workforce?
There are approximately 610 Insurance Sales Agents employed within the Kiryas Joel-Poughkeepsie-Newburgh, NY 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 610 employees in the Kiryas Joel-Poughkeepsie-Newburgh, NY area with a job density of 2.309 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 Kiryas Joel-Poughkeepsie-Newburgh, NY