Average Insurance Sales Agents Salary in Kokomo, IN
The average salary for Insurance Sales Agentss in Kokomo, IN is $71,540. While this is lower than the national average, the cost of living in Kokomo, IN may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $71,540 per year.
- Growth Trend: Salaries have shifted 14.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $102,600.
- Outlook: The current demand for Insurance Sales Agentss is stable, with a local workforce of approximately 70 professionals. This role remains a specialized component of the broader Kokomo, IN economy.
Salary Overview
The average Insurance Sales Agents in Kokomo, IN earns-12.2%below the national average.
$34.4
$1,376
$5,962
Insurance Sales Agents Salary Trends (2020-2024)
Over the past 4 years, Insurance Sales Agents salaries in Kokomo, IN have shown healthy growth of 14.9%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Insurance Sales Agents Salary Distribution in Kokomo, IN
The earning potential for Insurance Sales Agentss in Kokomo, IN varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.6x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $22,140, while highly experienced professionals can command wages upwards of $102,600.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $22,140 | $10.6 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $53,655 | $25.8 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $48,550 | $23.3 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $89,425 | $43 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $102,600 | $49.3 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$71,540
Gross Pay
Real Wage (Purchasing Power)
$71,540
Adjusted for COL (100)
In Kokomo, IN, the Cost of Living Index is 100. This increases your effective purchasing power from $71,540 to $71,540.
Job Market Context
70
Total Jobs
1.921
Per 1K Jobs
0.63
Location Quotient
Kokomo, IN has 0.63x 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.
70 people work as Insurance Sales Agents in Kokomo, IN.
1.921 out of every 1,000 local jobs are Insurance Sales Agents positions — a typical concentration.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Lafayette-West Lafayette, IN Insurance Sales Agents Salary | $85,290↑ 19% | 39 mi |
| Muncie, IN Insurance Sales Agents Salary | $66,310↓ 7% | 43 mi |
| Northern Indiana nonmetropolitan area Insurance Sales Agents Salary | $74,260↑ 4% | 43 mi |
| Southern Indiana nonmetropolitan area Insurance Sales Agents Salary | $66,420↓ 7% | 43 mi |
| Central Indiana nonmetropolitan area Insurance Sales Agents Salary | $84,840↑ 19% | 43 mi |
Comparing salaries near Kokomo, IN
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Kokomo, IN?
The median annual salary for a Insurance Sales Agents in Kokomo, IN is $71,540. This typically ranges from $22,140 for entry-level positions to $102,600 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kokomo, IN is 12.2% lower than the national median of $81,510.
Is Kokomo, IN a good place for Insurance Sales Agentss?
It depends on your priorities. While the average Insurance Sales Agents salary in Kokomo, IN is $71,540 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Kokomo, IN. See distinct detailed breakdown below.
Is Kokomo, IN a good place to live for Insurance Sales Agents?
The Cost of Living Index in Kokomo, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kokomo, IN?
Some top paying nearby cities include Lafayette-West Lafayette, IN ($85,290) and Muncie, IN.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 70 employees in the Kokomo, IN area with a job density of 1.921 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 Kokomo, IN