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Average Insurance Sales Agents Salary in Madison, WI

Insurance Sales Agents in Madison, WI, earn an average annual salary of $80,970. This figure is slightly below the national average of $81,510, indicating a competitive yet stable market. Local economic factors and industry demand in Madison contribute to this compensation level.

Executive Summary

  • Average Salary: $80,970 per year.
  • Growth Trend: Salaries have shifted 12.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $128,830.
  • Outlook: With a total local workforce of 980 Insurance Sales Agents, Madison, WI, presents a moderately sized market. The Location Quotient of 0.79 suggests that the concentration of these professionals is slightly below the national average, implying a steady demand that is not oversaturated.
2024 Market Data

Salary Overview

$80,970

The average Insurance Sales Agents in Madison, WI earns-0.7%below the national average.

BreakdownBased on 40h/week
Hourly

$38.9

Weekly

$1,557

Monthly

$6,748

Insurance Sales Agents Salary Distribution in Madison, WI

Career progression for Insurance Sales Agents in Madison, WI, is clearly reflected in salary differentials. Entry-level positions typically start at lower percentiles, while seasoned professionals with extensive experience and a proven sales record can command salaries in the higher percentiles, signifying significant earning potential and career advancement.

Experience LevelMarket PercentileAnnual WageHourly Rate
SDR / BDRLead generation, prospecting, cold calling.10% (Entry)$32,090$15.4
Account ExecutiveClosing deals, managing small-mid market clients.25% (Junior)$60,728$29.2
Senior AEHandling enterprise clients and complex negotiations.50% (Median)$64,020$30.8
Sales ManagerManaging a team of reps, setting quotas & strategy.75% (Senior)$101,213$48.7
VP of SalesRevenue strategy, expansion, C-suite relationships.90% (Expert)$128,830$61.9

Detailed Insurance Sales Agents Market Analysis

Relocation Context

Nominal Salary

$80,970

Gross Pay

Real Wage (Purchasing Power)

$80,970

Adjusted for COL (100)

The nominal average salary of $80,970 in Madison, WI, is well-aligned with the local Cost of Living Index of 100, which is precisely the national average. This means that the purchasing power of an Insurance Sales Agent's salary in Madison is equivalent to the national standard, offering stable financial footing.

Job Market Context

980

Total Jobs

2.413

Per 1K Jobs

0.79

Location Quotient

Below Average

Madison, WI has 0.79x 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 0.79 for Insurance Sales Agents in Madison, WI, indicates a slightly lower concentration of these professionals compared to the national average. This suggests that while the market is not as densely populated with agents as some other regions, there is still a consistent presence and demand for their services.

Nearby Job Markets

Nearby Cities for Insurance Sales Agents

CitySalaryDist.
Janesville-Beloit, WI Insurance Sales Agents Salary$81,460↑ 1%33 mi
Rockford, IL Insurance Sales Agents Salary$66,070↓ 18%59 mi
Fond du Lac, WI Insurance Sales Agents Salary$110,650↑ 37%68 mi
Milwaukee-Waukesha, WI Insurance Sales Agents Salary$92,340↑ 14%72 mi
Oshkosh-Neenah, WI Insurance Sales Agents Salary$96,490↑ 19%77 mi

Comparing salaries near Madison, WI

Hiring Insurance Sales Agentss?

Frequently Asked Questions

How much does a Insurance Sales Agents make in Madison, WI?

The median annual salary for a Insurance Sales Agents in Madison, WI is $80,970. This typically ranges from $32,090 for entry-level positions to $128,830 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Madison, WI is 0.7% lower than the national median of $81,510.

Is Madison, WI a lucrative place for Insurance Sales Agents?

Yes, Madison, WI offers a competitive salary for Insurance Sales Agents.The average salary of $80,970 is very close to the national average, and with a cost of living index at par with the national average, the purchasing power remains strong.

Is Madison, WI a good place to live for Insurance Sales Agents?

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

Where are the highest paying cities near Madison, WI?

Some top paying nearby cities include Janesville-Beloit, WI ($81,460) and Rockford, IL.

How does the Madison, WI salary compare to the national average?

The average salary for Insurance Sales Agents in Madison, WI, is $80,970, which is slightly lower than the national average of $81,510.

What is the concentration of Insurance Sales Agents in Madison, WI?

Madison, WI has a Location Quotient of 0.79 for Insurance Sales Agents, meaning the concentration is slightly below the national average.

How does the cost of living affect the salary in Madison, WI?

With a Cost of Living Index of 100, the national average, the $80,970 salary in Madison, WI, offers purchasing power equivalent to the national standard.

What is the total number of Insurance Sales Agents in Madison, WI?

There are approximately 980 Insurance Sales Agents employed in the Madison, WI area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 980 employees in the Madison, WI area with a job density of 2.413 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 Madison, WI