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Average Insurance Sales Agents Salary in Knoxville, TN

Insurance Sales Agents in Knoxville, TN, earn an average annual salary of $64,800. This figure is notably below the national average of $81,510, suggesting that local market dynamics, such as demand, competition, and the overall economic landscape of Knoxville, play a significant role in compensation levels.

Executive Summary

  • Average Salary: $64,800 per year.
  • Growth Trend: Salaries have shifted 20.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $114,440.
  • Outlook: The Knoxville, TN market for Insurance Sales Agents appears stable, with a local workforce of 1,300 professionals. The Location Quotient of 1.02 indicates a concentration of these roles that is very close to the national average, suggesting a balanced demand and supply within the region.
2024 Market Data

Salary Overview

$64,800

The average Insurance Sales Agents in Knoxville, TN earns-20.5%below the national average.

BreakdownBased on 40h/week
Hourly

$31.2

Weekly

$1,246

Monthly

$5,400

Insurance Sales Agents Salary Distribution in Knoxville, TN

Career progression for Insurance Sales Agents in Knoxville, TN, is typically marked by increasing earning potential. Entry-level positions may start closer to the lower end of the salary spectrum, while experienced agents with a proven track record and specialized knowledge can command salaries significantly higher than the average, with top performers often exceeding the national average.

Experience LevelMarket PercentileAnnual WageHourly Rate
SDR / BDRLead generation, prospecting, cold calling.10% (Entry)$37,350$18
Account ExecutiveClosing deals, managing small-mid market clients.25% (Junior)$48,600$23.4
Senior AEHandling enterprise clients and complex negotiations.50% (Median)$44,550$21.4
Sales ManagerManaging a team of reps, setting quotas & strategy.75% (Senior)$81,000$38.9
VP of SalesRevenue strategy, expansion, C-suite relationships.90% (Expert)$114,440$55

Detailed Insurance Sales Agents Market Analysis

Relocation Context

Nominal Salary

$64,800

Gross Pay

Real Wage (Purchasing Power)

$64,800

Adjusted for COL (100)

With an average annual salary of $64,800 and a Cost of Living Index of 100 (matching the national average), the nominal income in Knoxville, TN, offers purchasing power that is on par with the rest of the United States. This means that the $64,800 salary will likely provide a similar standard of living as the national average salary would in a typical US city.

Job Market Context

1,300

Total Jobs

3.1

Per 1K Jobs

1.02

Location Quotient

Above Average

With a location quotient of 1.02, Knoxville, TN has a slightly higher-than-average concentration of Insurance Sales Agents roles compared to the national norm.

The Location Quotient of 1.02 for Insurance Sales Agents in Knoxville, TN, signifies that the concentration of these professionals in the area is slightly above the national average. This suggests a healthy, albeit not overwhelmingly dominant, presence of insurance sales roles, indicating a competitive yet accessible market for both new entrants and established agents.

Nearby Job Markets

Nearby Cities for Insurance Sales Agents

CitySalaryDist.
Cleveland, TN Insurance Sales Agents Salary$69,910↑ 8%75 mi
Asheville, NC Insurance Sales Agents Salary$84,680↑ 31%83 mi
Kingsport-Bristol, TN-VA Insurance Sales Agents Salary$67,940↑ 5%87 mi
Johnson City, TN Insurance Sales Agents Salary$53,850↓ 17%91 mi

Comparing salaries near Knoxville, TN

Hiring Insurance Sales Agentss?

Frequently Asked Questions

How much does a Insurance Sales Agents make in Knoxville, TN?

The median annual salary for a Insurance Sales Agents in Knoxville, TN is $64,800. This typically ranges from $37,350 for entry-level positions to $114,440 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Knoxville, TN is 20.5% lower than the national median of $81,510.

Is Knoxville, TN a lucrative place for Insurance Sales Agentss?

No, not significantly more lucrative than the national average.While Knoxville offers a stable market with a concentration of roles slightly above the national average, the average salary of $64,800 is below the national average of $81,510.

Is Knoxville, TN a good place to live for Insurance Sales Agents?

The Cost of Living Index in Knoxville, TN is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Knoxville, TN?

Some top paying nearby cities include Cleveland, TN ($69,910) and Asheville, NC.

What is the average salary for an Insurance Sales Agent in Knoxville, TN?

The average annual salary for an Insurance Sales Agent in Knoxville, TN is $64,800.

How does Knoxville's cost of living compare to the national average?

Knoxville's cost of living index is 100, which is exactly the national average.

Is the job market for Insurance Sales Agents strong in Knoxville?

The market is stable with a slight concentration of roles above the national average (LQ of 1.02), indicating a balanced demand and supply.

How many Insurance Sales Agents work in Knoxville, TN?

There are approximately 1,300 Insurance Sales Agents employed in Knoxville, TN.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,300 employees in the Knoxville, TN area with a job density of 3.1 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 Knoxville, TN