Average Insurance Sales Agents Salary in Mankato, MN
The average salary for a Insurance Sales Agents in Mankato, MN is $79,690. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $79,690 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $122,140.
- Outlook: The current demand for Insurance Sales Agentss is stable, with a local workforce of approximately 140 professionals. This role remains a specialized component of the broader Mankato, MN economy.
Salary Overview
The average Insurance Sales Agents in Mankato, MN earns-2.2%below the national average.
$38.3
$1,533
$6,641
Insurance Sales Agents Salary Trends (2020-2024)
Historical trend data for Insurance Sales Agents in Mankato, MN is limited, but current market signals indicate a stable demand environment.
Insurance Sales Agents Salary Distribution in Mankato, MN
The earning potential for Insurance Sales Agentss in Mankato, MN varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 2.5x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $48,040, while highly experienced professionals can command wages upwards of $122,140.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $48,040 | $23.1 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $59,768 | $28.7 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $74,470 | $35.8 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $99,613 | $47.9 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $122,140 | $58.7 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$79,690
Gross Pay
Real Wage (Purchasing Power)
$79,690
Adjusted for COL (100)
In Mankato, MN, the Cost of Living Index is 100. This increases your effective purchasing power from $79,690 to $79,690.
Job Market Context
140
Total Jobs
2.44
Per 1K Jobs
0.8
Location Quotient
Mankato, MN has 0.80x 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.
140 people work as Insurance Sales Agents in Mankato, MN.
Moderate density — roughly 2.44 out of every 1,000 local jobs are in this profession.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI Insurance Sales Agents Salary | $104,910↑ 32% | 66 mi |
| Rochester, MN Insurance Sales Agents Salary | $95,610↑ 20% | 75 mi |
| St. Cloud, MN Insurance Sales Agents Salary | $78,370↓ 2% | 95 mi |
Comparing salaries near Mankato, MN
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Mankato, MN?
The median annual salary for a Insurance Sales Agents in Mankato, MN is $79,690. This typically ranges from $48,040 for entry-level positions to $122,140 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Mankato, MN is 2.2% lower than the national median of $81,510.
Is Mankato, MN a good place for Insurance Sales Agentss?
It depends on your priorities. While the average Insurance Sales Agents salary in Mankato, MN is $79,690 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Mankato, MN. See distinct detailed breakdown below.
Is Mankato, MN a good place to live for Insurance Sales Agents?
The Cost of Living Index in Mankato, MN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Mankato, MN?
Some top paying nearby cities include Minneapolis-St. Paul-Bloomington, MN-WI ($104,910) and Rochester, MN.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 140 employees in the Mankato, MN area with a job density of 2.44 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 Mankato, MN