Average Insurance Sales Agents Salary in Monroe, MI
The average salary for a Insurance Sales Agents in Monroe, MI is $87,470. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $87,470 per year.
- Growth Trend: Salaries have shifted 63.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $164,110.
- Outlook: The current demand for Insurance Sales Agentss is stable, with a local workforce of approximately 90 professionals. This role remains a specialized component of the broader Monroe, MI economy.
Salary Overview
The average Insurance Sales Agents in Monroe, MI earns+7.3%above the national average.
$42.1
$1,682
$7,289
Insurance Sales Agents Salary Trends (2020-2024)
Over the past 4 years, Insurance Sales Agents salaries in Monroe, MI have experienced a rapid surge, growing by 63.3%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Insurance Sales Agents Salary Distribution in Monroe, MI
The earning potential for Insurance Sales Agentss in Monroe, MI varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 5.6x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $29,120, while highly experienced professionals can command wages upwards of $164,110.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $29,120 | $14 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $65,603 | $31.5 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $71,660 | $34.5 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $109,338 | $52.6 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $164,110 | $78.9 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$87,470
Gross Pay
Real Wage (Purchasing Power)
$87,470
Adjusted for COL (100)
In Monroe, MI, the Cost of Living Index is 100. This increases your effective purchasing power from $87,470 to $87,470.
Job Market Context
90
Total Jobs
2.213
Per 1K Jobs
0.73
Location Quotient
Monroe, MI has 0.73x 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.
90 people work as Insurance Sales Agents in Monroe, MI.
Moderate density — roughly 2.213 out of every 1,000 local jobs are in this profession.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Toledo, OH Insurance Sales Agents Salary | $76,150↓ 13% | 20 mi |
| Ann Arbor, MI Insurance Sales Agents Salary | $60,830↓ 30% | 31 mi |
| Detroit-Warren-Dearborn, MI Insurance Sales Agents Salary | $78,080↓ 11% | 34 mi |
| Sandusky, OH Insurance Sales Agents Salary | $67,590↓ 23% | 48 mi |
| Jackson, MI Insurance Sales Agents Salary | $62,120↓ 29% | 57 mi |
Comparing salaries near Monroe, MI
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Frequently Asked Questions
How much does a Insurance Sales Agents make in Monroe, MI?
The median annual salary for a Insurance Sales Agents in Monroe, MI is $87,470. This typically ranges from $29,120 for entry-level positions to $164,110 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Monroe, MI is 7.3% higher than the national median of $81,510.
Is Monroe, MI a good place for Insurance Sales Agentss?
Yes, Monroe, MI is financially attractive for Insurance Sales Agentss. The average salary of $87,470 exceeds the national average. See distinct detailed breakdown below.
Is Monroe, MI a good place to live for Insurance Sales Agents?
The Cost of Living Index in Monroe, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Monroe, MI?
Some top paying nearby cities include Toledo, OH ($76,150) and Ann Arbor, MI.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 90 employees in the Monroe, MI area with a job density of 2.213 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 Monroe, MI