Average Insurance Sales Agents Salary in Minot, ND
The average salary for a Insurance Sales Agents in Minot, ND is $75,360. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $75,360 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $128,010.
- Outlook: The current demand for Insurance Sales Agentss is stable, with a local workforce of approximately 110 professionals. With a high job density of 3.206 per 1,000 jobs, there is a strong concentration of opportunities in this sector.
Salary Overview
The average Insurance Sales Agents in Minot, ND earns-7.5%below the national average.
$36.2
$1,449
$6,280
Insurance Sales Agents Salary Trends (2020-2024)
Historical trend data for Insurance Sales Agents in Minot, ND is limited, but current market signals indicate a stable demand environment.
Insurance Sales Agents Salary Distribution in Minot, ND
The earning potential for Insurance Sales Agentss in Minot, ND varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.1x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $41,130, while highly experienced professionals can command wages upwards of $128,010.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $41,130 | $19.8 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $56,520 | $27.2 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $60,000 | $28.8 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $94,200 | $45.3 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $128,010 | $61.5 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$75,360
Gross Pay
Real Wage (Purchasing Power)
$75,360
Adjusted for COL (100)
In Minot, ND, the Cost of Living Index is 100. This increases your effective purchasing power from $75,360 to $75,360.
Job Market Context
110
Total Jobs
3.206
Per 1K Jobs
1.05
Location Quotient
With a location quotient of 1.05, Minot, ND has a slightly higher-than-average concentration of Insurance Sales Agents roles compared to the national norm.
110 people work as Insurance Sales Agents in Minot, ND.
Moderate density — roughly 3.206 out of every 1,000 local jobs are in this profession.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| West North Dakota nonmetropolitan area Insurance Sales Agents Salary | $87,880↑ 17% | 85 mi |
| East North Dakota nonmetropolitan area Insurance Sales Agents Salary | $76,600↑ 2% | 85 mi |
Comparing salaries near Minot, ND
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Minot, ND?
The median annual salary for a Insurance Sales Agents in Minot, ND is $75,360. This typically ranges from $41,130 for entry-level positions to $128,010 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Minot, ND is 7.5% lower than the national median of $81,510.
Is Minot, ND a good place for Insurance Sales Agentss?
It depends on your priorities. While the average Insurance Sales Agents salary in Minot, ND is $75,360 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Minot, ND. See distinct detailed breakdown below.
Is Minot, ND a good place to live for Insurance Sales Agents?
The Cost of Living Index in Minot, ND is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Minot, ND?
Some top paying nearby cities include West North Dakota nonmetropolitan area ($87,880) and East North Dakota nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 110 employees in the Minot, ND area with a job density of 3.206 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 Minot, ND