Average Insurance Sales Agents Salary in Nashville-Davidson--Murfreesboro--Franklin, TN
Insurance Sales Agents in the Nashville-Davidson--Murfreesboro--Franklin, TN area earn an average annual salary of $70,260. This figure is notably below the national average of $81,510, suggesting that local market dynamics, such as demand and the concentration of agencies, play a significant role in compensation levels within this region.
Executive Summary
- Average Salary: $70,260 per year.
- Growth Trend: Salaries have shifted 24.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $104,210.
- Outlook: With a local workforce of 2,610 Insurance Sales Agents, the Nashville metropolitan area presents a substantial, albeit slightly less concentrated, market compared to the national average (Location Quotient of 0.78). The presence of 2.377 jobs per 1,000 workers indicates a steady demand for these professionals, suggesting a stable job market for those looking to enter or advance within the insurance sales sector in this region.
Salary Overview
The average Insurance Sales Agents in Nashville-Davidson--Murfreesboro--Franklin, TN earns-13.8%below the national average.
$33.8
$1,351
$5,855
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Insurance Sales Agents in Nashville-Davidson--Murfreesboro--Franklin, TN have experienced growth over the past four years, mirroring national trends. Economic expansion and evolving insurance needs likely contribute to a gradual increase in earning potential for skilled agents in the area.
Insurance Sales Agents Salary Distribution in Nashville-Davidson--Murfreesboro--Franklin, TN
Career progression for Insurance Sales Agents in Nashville is typically marked by increasing earning potential. Entry-level positions may start closer to the lower end of the salary spectrum, while experienced agents with a proven track record and specialized knowledge can command significantly higher salaries, often reflected in the upper percentiles of the pay scale. These percentile gaps highlight the substantial rewards for dedication and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $38,340 | $18.4 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $52,695 | $25.3 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $58,830 | $28.3 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $87,825 | $42.2 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $104,210 | $50.1 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$70,260
Gross Pay
Real Wage (Purchasing Power)
$70,260
Adjusted for COL (100)
The average annual salary of $70,260 for Insurance Sales Agents in Nashville-Davidson--Murfreesboro--Franklin, TN aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of an agent's salary in this area is equivalent to the national average, offering a stable financial standing without the added pressure of higher living expenses.
Job Market Context
2,610
Total Jobs
2.377
Per 1K Jobs
0.78
Location Quotient
Nashville-Davidson--Murfreesboro--Franklin, TN has 0.78x 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 0.78 indicates that Insurance Sales Agents are slightly less concentrated in the Nashville area compared to the national average. This suggests a moderately competitive market where demand is present but not overwhelmingly saturated, potentially offering good opportunities for skilled professionals to establish themselves.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| East Tennessee nonmetropolitan area Insurance Sales Agents Salary | $52,620↓ 25% | 29 mi |
| South Central Tennessee nonmetropolitan area Insurance Sales Agents Salary | $49,520↓ 30% | 29 mi |
| West Tennessee nonmetropolitan area Insurance Sales Agents Salary | $48,980↓ 30% | 29 mi |
| North Central Tennessee nonmetropolitan area Insurance Sales Agents Salary | $57,700↓ 18% | 29 mi |
| Clarksville, TN-KY Insurance Sales Agents Salary | $62,640↓ 11% | 42 mi |
Comparing salaries near Nashville-Davidson--Murfreesboro--Franklin, TN
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Nashville-Davidson--Murfreesboro--Franklin, TN?
The median annual salary for a Insurance Sales Agents in Nashville-Davidson--Murfreesboro--Franklin, TN is $70,260. This typically ranges from $38,340 for entry-level positions to $104,210 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Nashville-Davidson--Murfreesboro--Franklin, TN is 13.8% lower than the national median of $81,510.
Is Nashville-Davidson--Murfreesboro--Franklin, TN a lucrative place for Insurance Sales Agentss?
No, but stable.While the average salary of $70,260 is below the national average, the cost of living is also at the national average, making it a stable market. The job market shows steady demand, indicating consistent opportunities.
Is Nashville-Davidson--Murfreesboro--Franklin, TN a good place to live for Insurance Sales Agents?
The Cost of Living Index in Nashville-Davidson--Murfreesboro--Franklin, TN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Nashville-Davidson--Murfreesboro--Franklin, TN?
Some top paying nearby cities include East Tennessee nonmetropolitan area ($52,620) and South Central Tennessee nonmetropolitan area.
How does the Nashville salary compare to the national average?
The average salary for Insurance Sales Agents in Nashville is $70,260, which is lower than the national average of $81,510.
What is the job concentration for Insurance Sales Agents in Nashville?
The job concentration, measured by the Location Quotient, is 0.78, indicating a slightly lower concentration than the national average.
How does the cost of living affect the salary in Nashville?
Nashville's Cost of Living Index is 100, which is the national average. This means the $70,260 salary has average purchasing power locally.
Is the job market for Insurance Sales Agents growing in Nashville?
With 2.377 jobs per 1,000 workers and a stable workforce size, the market shows steady demand, suggesting consistent opportunities for employment.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,610 employees in the Nashville-Davidson--Murfreesboro--Franklin, TN area with a job density of 2.377 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 Nashville-Davidson--Murfreesboro--Franklin, TN