Average Insurance Sales Agents Salary in Milwaukee-Waukesha, WI
Insurance Sales Agents in Milwaukee-Waukesha, WI, earn an impressive average annual salary of $92,340, significantly surpassing the national average of $81,510. This elevated compensation reflects the specific economic dynamics and demand within the Milwaukee metropolitan area, suggesting a strong local market for these professionals.
Executive Summary
- Average Salary: $92,340 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $163,530.
- Outlook: With a local workforce of 1,970 Insurance Sales Agents and a Location Quotient of 0.79, the Milwaukee-Waukesha area presents a stable, albeit slightly below national concentration, job market for this profession. The presence of nearly 2,000 professionals indicates a consistent demand and established industry presence, suggesting a robust environment for those seeking or maintaining careers in insurance sales.
Salary Overview
The average Insurance Sales Agents in Milwaukee-Waukesha, WI earns+13.3%above the national average.
$44.4
$1,776
$7,695
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the insurance sales sector in Milwaukee-Waukesha has experienced steady growth over the past four years, mirroring national trends. This growth likely translates to a gradual increase in average salaries, driven by evolving market demands, new product offerings, and the increasing need for financial and insurance guidance.
Insurance Sales Agents Salary Distribution in Milwaukee-Waukesha, WI
Career progression for Insurance Sales Agents in Milwaukee-Waukesha, WI, is typically marked by increasing earning potential. Entry-level positions may start closer to the lower end of the salary spectrum, while seasoned professionals with extensive experience and a proven track record can command significantly higher salaries, often reaching well into the six figures. The percentile gaps in earnings clearly signify the rewards of career advancement and specialization within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $45,320 | $21.8 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $69,255 | $33.3 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $68,230 | $32.8 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $115,425 | $55.5 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $163,530 | $78.6 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$92,340
Gross Pay
Real Wage (Purchasing Power)
$92,340
Adjusted for COL (100)
The average annual salary of $92,340 in Milwaukee-Waukesha, WI, is highly competitive, especially considering the local Cost of Living Index is exactly at the national average of 100. This means that the purchasing power of an Insurance Sales Agent's income in this region is on par with the national standard, making the reported salary highly attractive for relocation and maintaining a comfortable lifestyle.
Job Market Context
1,970
Total Jobs
2.404
Per 1K Jobs
0.79
Location Quotient
Milwaukee-Waukesha, 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 Milwaukee-Waukesha indicates that the concentration of these professionals is slightly below the national average. This suggests that while the market is not oversaturated, there is a healthy presence of talent and opportunity. It implies a balanced competitive landscape where skilled agents can find their niche without facing extreme competition.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Racine-Mount Pleasant, WI Insurance Sales Agents Salary | $79,320↓ 14% | 25 mi |
| Kenosha, WI Insurance Sales Agents Salary | $89,070↓ 4% | 33 mi |
| Sheboygan, WI Insurance Sales Agents Salary | $76,780↓ 17% | 48 mi |
| Fond du Lac, WI Insurance Sales Agents Salary | $110,650↑ 20% | 54 mi |
| Janesville-Beloit, WI Insurance Sales Agents Salary | $81,460↓ 12% | 59 mi |
Comparing salaries near Milwaukee-Waukesha, WI
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Milwaukee-Waukesha, WI?
The median annual salary for a Insurance Sales Agents in Milwaukee-Waukesha, WI is $92,340. This typically ranges from $45,320 for entry-level positions to $163,530 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Milwaukee-Waukesha, WI is 13.3% higher than the national median of $81,510.
Is Milwaukee-Waukesha, WI a lucrative place for Insurance Sales Agentss?
Yes, Milwaukee-Waukesha, WI is a lucrative place for Insurance Sales Agents.The average salary of $92,340 significantly exceeds the national average, and the cost of living is right at the national benchmark, offering excellent earning potential and purchasing power.
Is Milwaukee-Waukesha, WI a good place to live for Insurance Sales Agents?
The Cost of Living Index in Milwaukee-Waukesha, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Milwaukee-Waukesha, WI?
Some top paying nearby cities include Racine-Mount Pleasant, WI ($79,320) and Kenosha, WI.
How does the Milwaukee-Waukesha salary compare to the national average?
The average salary for Insurance Sales Agents in Milwaukee-Waukesha, WI is $92,340, which is notably higher than the national average of $81,510.
What is the concentration of Insurance Sales Agents in Milwaukee-Waukesha?
The Location Quotient is 0.79, indicating a slightly lower concentration of Insurance Sales Agents compared to the national average.
Does the cost of living affect the value of the salary in Milwaukee-Waukesha?
No, the cost of living in Milwaukee-Waukesha is exactly at the national average (100), meaning the $92,340 salary offers standard purchasing power relative to the rest of the country.
How many Insurance Sales Agents are there in Milwaukee-Waukesha?
There are approximately 1,970 Insurance Sales Agents employed in the Milwaukee-Waukesha, 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 1,970 employees in the Milwaukee-Waukesha, WI area with a job density of 2.404 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 Milwaukee-Waukesha, WI
- All Occupations Salary in Milwaukee-Waukesha, WI
- Office and Administrative Support Occupations Salary in Milwaukee-Waukesha, WI
- Production Occupations Salary in Milwaukee-Waukesha, WI
- Transportation and Material Moving Occupations Salary in Milwaukee-Waukesha, WI
- Sales and Related Occupations Salary in Milwaukee-Waukesha, WI
- Food Preparation and Serving Related Occupations Salary in Milwaukee-Waukesha, WI
- Healthcare Practitioners and Technical Occupations Salary in Milwaukee-Waukesha, WI
- Business and Financial Operations Occupations Salary in Milwaukee-Waukesha, WI
- Healthcare Support Occupations Salary in Milwaukee-Waukesha, WI
- Management Occupations Salary in Milwaukee-Waukesha, WI
- Browse All Jobs in Milwaukee-Waukesha, WI →
Semantic Salary Analysis for Insurance Sales Agents • Data source: BLS OEWS 2024 •Jobs in Milwaukee-Waukesha, WI