Average Insurance Sales Agents Salary in Little Rock-North Little Rock-Conway, AR
Insurance Sales Agents in the Little Rock-North Little Rock-Conway, AR area earn an average annual salary of $76,680. This figure is slightly below the national average of $81,510, reflecting a localized compensation structure influenced by regional economic factors and market demand. While not reaching the national benchmark, this salary provides a solid income within the context of the local economy.
Executive Summary
- Average Salary: $76,680 per year.
- Growth Trend: Salaries have shifted 14.8% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $151,240.
- Outlook: The Little Rock-North Little Rock-Conway, AR metropolitan area supports a workforce of 1,430 Insurance Sales Agents. With a Location Quotient of 1.33, indicating a higher concentration of these professionals compared to the national average, the job market demonstrates a robust demand and a significant presence of this occupation within the region. This suggests a stable and potentially growing employment landscape for insurance sales professionals.
Salary Overview
The average Insurance Sales Agents in Little Rock-North Little Rock-Conway, AR earns-5.9%below the national average.
$36.9
$1,475
$6,390
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for the last four years is not provided, it is generally assumed that salaries for Insurance Sales Agents across the United States, including the Little Rock area, have experienced a steady upward trend. This growth is typically driven by inflation, increasing demand for insurance products, and the evolving complexity of insurance offerings, leading to higher earning potential for experienced agents.
Insurance Sales Agents Salary Distribution in Little Rock-North Little Rock-Conway, AR
Salary progression for Insurance Sales Agents is strongly tied to experience and performance. Entry-level positions typically command salaries at the lower end of the pay scale, while seasoned professionals with a proven track record and specialized knowledge can significantly exceed the average. The gap between the 25th percentile and the 75th percentile of earnings highlights the substantial career growth and earning potential available to those who develop their expertise and client base.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $32,130 | $15.4 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $57,510 | $27.6 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $56,060 | $27 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $95,850 | $46.1 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $151,240 | $72.7 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$76,680
Gross Pay
Real Wage (Purchasing Power)
$76,680
Adjusted for COL (100)
The average annual salary of $76,680 for Insurance Sales Agents in Little Rock-North Little Rock-Conway, AR aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary earned by agents in this area has the same purchasing power as the national average salary would in a typical U.S. city. Consequently, the compensation is well-balanced with the cost of essential goods and services.
Job Market Context
1,430
Total Jobs
4.061
Per 1K Jobs
1.33
Location Quotient
With a location quotient of 1.33, Little Rock-North Little Rock-Conway, AR has a slightly higher-than-average concentration of Insurance Sales Agents roles compared to the national norm.
A Location Quotient of 1.33 signifies that Insurance Sales Agents are more concentrated in the Little Rock-North Little Rock-Conway, AR area than the national average. This suggests a competitive market where demand for skilled agents is present, but also indicates a potentially saturated field with a higher number of professionals vying for opportunities. Employers may find a good pool of talent, while agents may face more competition for top roles.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| South Arkansas nonmetropolitan area Insurance Sales Agents Salary | $55,080↓ 28% | 17 mi |
| North Arkansas nonmetropolitan area Insurance Sales Agents Salary | $54,890↓ 28% | 17 mi |
| West Arkansas nonmetropolitan area Insurance Sales Agents Salary | $63,830↓ 17% | 17 mi |
| East Arkansas nonmetropolitan area Insurance Sales Agents Salary | $53,450↓ 30% | 17 mi |
| Hot Springs, AR Insurance Sales Agents Salary | $58,590↓ 24% | 43 mi |
Comparing salaries near Little Rock-North Little Rock-Conway, AR
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Frequently Asked Questions
How much does a Insurance Sales Agents make in Little Rock-North Little Rock-Conway, AR?
The median annual salary for a Insurance Sales Agents in Little Rock-North Little Rock-Conway, AR is $76,680. This typically ranges from $32,130 for entry-level positions to $151,240 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Little Rock-North Little Rock-Conway, AR is 5.9% lower than the national median of $81,510.
Is Little Rock-North Little Rock-Conway, AR a lucrative place for Insurance Sales Agentss?
Yes, it offers competitive compensation relative to its cost of living.While the average salary is slightly below the national average, the cost of living is also at the national average, making the purchasing power of an agent's salary quite strong. The higher concentration of agents also indicates a healthy demand for their services.
Is Little Rock-North Little Rock-Conway, AR a good place to live for Insurance Sales Agents?
The Cost of Living Index in Little Rock-North Little Rock-Conway, AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Little Rock-North Little Rock-Conway, AR?
Some top paying nearby cities include South Arkansas nonmetropolitan area ($55,080) and North Arkansas nonmetropolitan area.
How does the Little Rock salary compare to the national average?
The average annual salary for Insurance Sales Agents in Little Rock is $76,680, which is approximately 6% lower than the national average of $81,510.
What is the significance of the Location Quotient (LQ) of 1.33?
An LQ of 1.33 means that the concentration of Insurance Sales Agents in the Little Rock area is 33% higher than the national average, indicating a stronger presence and potentially higher demand for these professionals in the region.
How does the cost of living in Little Rock affect the salary?
With a Cost of Living Index of 100 (matching the national average), the $76,680 salary in Little Rock offers purchasing power equivalent to the national average, making it a financially stable location for agents.
What does the total local workforce of 1,430 imply?
A workforce of 1,430 Insurance Sales Agents suggests a substantial and established market for insurance sales within the Little Rock-North Little Rock-Conway, AR metropolitan area, providing ample opportunities for both new and experienced professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,430 employees in the Little Rock-North Little Rock-Conway, AR area with a job density of 4.061 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 Little Rock-North Little Rock-Conway, AR