Average Insurance Sales Agents Salary in Manchester-Nashua, NH
Insurance Sales Agents in the Manchester-Nashua, NH area earn an average annual salary of $75,880. This figure is notably below the national average of $81,510, suggesting that local market dynamics and potentially regional demand influence compensation levels. While the nominal salary is lower, understanding the cost of living is crucial for a complete picture.
Executive Summary
- Average Salary: $75,880 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $121,910.
- Outlook: The Manchester-Nashua region supports a local workforce of 460 Insurance Sales Agents. With a jobs-per-1,000-workers ratio of 2.25, the presence of this workforce indicates a stable, albeit not exceptionally concentrated, demand for these professionals. The location quotient of 0.74 suggests that the concentration of these roles is slightly below the national average, implying a moderate but consistent job market.
Salary Overview
The average Insurance Sales Agents in Manchester-Nashua, NH earns-6.9%below the national average.
$36.5
$1,459
$6,323
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the insurance sales sector, like many others, has experienced steady growth over the past four years. This growth likely translates to incremental salary increases for Insurance Sales Agents in Manchester-Nashua, reflecting evolving market demands and the increasing complexity of insurance products.
Insurance Sales Agents Salary Distribution in Manchester-Nashua, NH
Salary progression for Insurance Sales Agents in Manchester-Nashua typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with a proven track record and specialized knowledge can command significantly higher salaries. The percentile gaps in earnings underscore the substantial career growth and earning potential available through experience and skill development.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $37,690 | $18.1 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $56,910 | $27.4 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $63,590 | $30.6 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $94,850 | $45.6 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $121,910 | $58.6 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$75,880
Gross Pay
Real Wage (Purchasing Power)
$75,880
Adjusted for COL (100)
The average annual salary of $75,880 in Manchester-Nashua, NH, aligns perfectly with the national average cost of living index of 100. This means that, on average, the purchasing power of an Insurance Sales Agent's salary in this region is equivalent to that of their national counterparts. Therefore, the nominal salary holds its value effectively within the local economic environment.
Job Market Context
460
Total Jobs
2.25
Per 1K Jobs
0.74
Location Quotient
Manchester-Nashua, NH has 0.74x 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.
With a location quotient of 0.74, Manchester-Nashua, NH, has a slightly lower concentration of Insurance Sales Agents compared to the national average. This suggests that while the profession is present and supported by a local workforce of 460 individuals, the market is not oversaturated. This could indicate a competitive but accessible environment for new entrants and established professionals alike.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Central New Hampshire nonmetropolitan area Insurance Sales Agents Salary | $68,710↓ 9% | 33 mi |
| Northern New Hampshire nonmetropolitan area Insurance Sales Agents Salary | $72,210↓ 5% | 33 mi |
| Southwestern New Hampshire nonmetropolitan area Insurance Sales Agents Salary | $75,360↓ 1% | 33 mi |
| Boston-Cambridge-Newton, MA-NH Insurance Sales Agents Salary | $101,760↑ 34% | 50 mi |
| Massachusetts nonmetropolitan area Insurance Sales Agents Salary | $118,090↑ 56% | 52 mi |
Comparing salaries near Manchester-Nashua, NH
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Frequently Asked Questions
How much does a Insurance Sales Agents make in Manchester-Nashua, NH?
The median annual salary for a Insurance Sales Agents in Manchester-Nashua, NH is $75,880. This typically ranges from $37,690 for entry-level positions to $121,910 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Manchester-Nashua, NH is 6.9% lower than the national median of $81,510.
Is Manchester-Nashua, NH a lucrative place for Insurance Sales Agents?
No, not exceptionally lucrative compared to the national average.While the average salary of $75,880 is solid and the cost of living is average, it falls below the national average salary for Insurance Sales Agents. This indicates that while stable, the earning potential may not be as high as in other regions.
Is Manchester-Nashua, NH a good place to live for Insurance Sales Agents?
The Cost of Living Index in Manchester-Nashua, NH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Manchester-Nashua, NH?
Some top paying nearby cities include Central New Hampshire nonmetropolitan area ($68,710) and Northern New Hampshire nonmetropolitan area.
How does the Manchester-Nashua salary compare to the national average?
The average annual salary for Insurance Sales Agents in Manchester-Nashua, NH, is $75,880, which is approximately $5,630 less than the national average of $81,510.
What is the cost of living in Manchester-Nashua, NH?
The cost of living index in Manchester-Nashua, NH, is 100, which is exactly the national average. This means that the general expenses for goods and services are comparable to the rest of the United States.
How concentrated is the Insurance Sales Agent job market in Manchester-Nashua, NH?
The job market concentration, measured by the location quotient, is 0.74, indicating that Insurance Sales Agents are slightly less prevalent in Manchester-Nashua compared to the national average.
What is the total number of Insurance Sales Agents in Manchester-Nashua, NH?
There are approximately 460 Insurance Sales Agents employed within the Manchester-Nashua, NH, metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 460 employees in the Manchester-Nashua, NH area with a job density of 2.25 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 Manchester-Nashua, NH