Average Insurance Sales Agents Salary in Lansing-East Lansing, MI
Insurance Sales Agents in Lansing-East Lansing, MI, earn an average annual salary of $70,320. This figure is notably below the national average of $81,510, suggesting that local market dynamics and potentially regional economic factors influence compensation for this role. While the salary is lower than the national benchmark, understanding the local context is crucial for evaluating career prospects.
Executive Summary
- Average Salary: $70,320 per year.
- Growth Trend: Salaries have shifted 8.6% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $106,670.
- Outlook: The Lansing-East Lansing area supports a local workforce of 680 Insurance Sales Agents, with 3.204 jobs per 1,000 workers. The Location Quotient of 1.05 indicates a slightly higher concentration of these professionals compared to the national average, suggesting a stable, albeit not rapidly expanding, demand for their services within the region.
Salary Overview
The average Insurance Sales Agents in Lansing-East Lansing, MI earns-13.7%below the national average.
$33.8
$1,352
$5,860
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for Lansing-East Lansing is not provided, it's reasonable to assume that salaries for Insurance Sales Agents have seen gradual growth over the past four years, mirroring national trends. Economic shifts, evolving insurance products, and inflation typically drive modest annual increases in compensation for experienced professionals in this sector.
Insurance Sales Agents Salary Distribution in Lansing-East Lansing, MI
Salary progression for Insurance Sales Agents in Lansing-East Lansing typically correlates with experience. Entry-level positions may start closer to the lower percentiles, while seasoned agents with proven sales records and specialized knowledge can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies significant career advancement opportunities and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $30,390 | $14.6 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $52,740 | $25.4 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $62,730 | $30.2 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $87,900 | $42.3 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $106,670 | $51.3 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$70,320
Gross Pay
Real Wage (Purchasing Power)
$70,320
Adjusted for COL (100)
The average annual salary of $70,320 in Lansing-East Lansing aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary holds its purchasing power directly against the national average, offering a stable financial standing for residents without the premium or discount often associated with higher or lower cost-of-living areas.
Job Market Context
680
Total Jobs
3.204
Per 1K Jobs
1.05
Location Quotient
With a location quotient of 1.05, Lansing-East Lansing, MI has a slightly higher-than-average concentration of Insurance Sales Agents roles compared to the national norm.
With a Location Quotient of 1.05, Lansing-East Lansing shows a slightly higher concentration of Insurance Sales Agents than the national average. This suggests a competitive but stable job market where demand is consistent with, or slightly above, the national rate, indicating good opportunities for both new entrants and experienced professionals seeking roles in the area.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Jackson, MI Insurance Sales Agents Salary | $62,120↓ 12% | 34 mi |
| Mid Michigan nonmetropolitan area Insurance Sales Agents Salary | $61,050↓ 13% | 42 mi |
| Southern Michigan nonmetropolitan area Insurance Sales Agents Salary | $69,670↓ 1% | 42 mi |
| Northern Michigan nonmetropolitan area Insurance Sales Agents Salary | $67,300↓ 4% | 42 mi |
| Upper Peninsula of Michigan nonmetropolitan area Insurance Sales Agents Salary | $49,370↓ 30% | 42 mi |
Comparing salaries near Lansing-East Lansing, MI
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Lansing-East Lansing, MI?
The median annual salary for a Insurance Sales Agents in Lansing-East Lansing, MI is $70,320. This typically ranges from $30,390 for entry-level positions to $106,670 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lansing-East Lansing, MI is 13.7% lower than the national median of $81,510.
Is Lansing-East Lansing, MI a lucrative place for Insurance Sales Agents?
No, not when compared to the national average.The average salary of $70,320 is below the national average of $81,510, indicating less lucrative compensation. However, the cost of living is also at the national average, meaning the purchasing power is equivalent.
Is Lansing-East Lansing, MI a good place to live for Insurance Sales Agents?
The Cost of Living Index in Lansing-East Lansing, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lansing-East Lansing, MI?
Some top paying nearby cities include Jackson, MI ($62,120) and Mid Michigan nonmetropolitan area.
How does the Lansing-East Lansing salary compare to the national average?
The average annual salary for Insurance Sales Agents in Lansing-East Lansing is $70,320, which is lower than the national average of $81,510.
What is the concentration of Insurance Sales Agents in Lansing-East Lansing?
The Location Quotient is 1.05, indicating a slightly higher concentration of Insurance Sales Agents in Lansing-East Lansing compared to the national average.
How does the cost of living affect the salary in Lansing-East Lansing?
The cost of living in Lansing-East Lansing is at the national average (100), meaning the $70,320 salary has the same purchasing power as the national average salary.
What is the total workforce of Insurance Sales Agents in Lansing-East Lansing?
There are approximately 680 Insurance Sales Agents employed in the Lansing-East Lansing area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 680 employees in the Lansing-East Lansing, MI area with a job density of 3.204 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Insurance Sales Agents Salaries by State
Top Jobs in Lansing-East Lansing, MI
- All Occupations Salary in Lansing-East Lansing, MI
- Office and Administrative Support Occupations Salary in Lansing-East Lansing, MI
- Business and Financial Operations Occupations Salary in Lansing-East Lansing, MI
- Transportation and Material Moving Occupations Salary in Lansing-East Lansing, MI
- Food Preparation and Serving Related Occupations Salary in Lansing-East Lansing, MI
- Educational Instruction and Library Occupations Salary in Lansing-East Lansing, MI
- Sales and Related Occupations Salary in Lansing-East Lansing, MI
- Management Occupations Salary in Lansing-East Lansing, MI
- Production Occupations Salary in Lansing-East Lansing, MI
- Healthcare Practitioners and Technical Occupations Salary in Lansing-East Lansing, MI
- Browse All Jobs in Lansing-East Lansing, MI →
Semantic Salary Analysis for Insurance Sales Agents • Data source: BLS OEWS 2024 •Jobs in Lansing-East Lansing, MI