Average Insurance Sales Agents Salary in North Arkansas nonmetropolitan area
Insurance Sales Agents in the North Arkansas nonmetropolitan area earn an average annual salary of $54,890. This figure is notably lower than the national average of $81,510, reflecting regional economic factors and a potentially different market demand for insurance products. The lower average pay in this area is often influenced by the cost of doing business and the overall economic landscape of nonmetropolitan regions.
Executive Summary
- Average Salary: $54,890 per year.
- Growth Trend: Salaries have shifted 0.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $87,410.
- Outlook: With a total local workforce of 310 Insurance Sales Agents, the market in North Arkansas nonmetropolitan area shows a steady presence. The Location Quotient of 0.86 indicates that this profession is slightly less concentrated here than the national average, suggesting a stable but not exceptionally high demand. The number of jobs per 1,000 workers at 2.615 further supports a consistent, albeit not rapidly expanding, employment environment for these professionals.
Salary Overview
The average Insurance Sales Agents in North Arkansas nonmetropolitan area earns-32.7%below the national average.
$26.4
$1,056
$4,574
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for North Arkansas nonmetropolitan area is not provided, it is reasonable to assume that salaries for Insurance Sales Agents have experienced gradual growth over the past four years, mirroring national trends. Economic recovery, evolving insurance needs, and inflation typically drive modest increases in compensation for sales roles, even in nonmetropolitan settings. This suggests a positive, albeit potentially slower, trajectory for earning potential in this field locally.
Insurance Sales Agents Salary Distribution in North Arkansas nonmetropolitan area
Salary progression for Insurance Sales Agents in North Arkansas nonmetropolitan area typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with a proven track record and established client base can command significantly higher earnings. The variance between the 25th and 75th percentiles, and beyond, highlights the substantial career growth and earning potential achievable through dedication and skill development in this role.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $28,800 | $13.8 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $41,168 | $19.8 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $43,870 | $21.1 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $68,613 | $33 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $87,410 | $42 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$54,890
Gross Pay
Real Wage (Purchasing Power)
$54,890
Adjusted for COL (100)
The average annual salary of $54,890 in North Arkansas nonmetropolitan area aligns perfectly with the national Cost of Living Index of 100. This means that the purchasing power of an Insurance Sales Agent's salary in this region is equivalent to the national average. While the nominal salary is lower than the national average, the cost of living parity suggests that the take-home pay offers a comparable standard of living to that experienced in higher-cost metropolitan areas.
Job Market Context
310
Total Jobs
2.615
Per 1K Jobs
0.86
Location Quotient
North Arkansas nonmetropolitan area has 0.86x 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 0.86 for Insurance Sales Agents in North Arkansas nonmetropolitan area suggests that the concentration of these professionals is slightly below the national average. This indicates that the job market is neither oversaturated nor exceptionally scarce, presenting a balanced environment for both job seekers and employers. While not a high-demand hotspot, the stable presence implies consistent opportunities without intense competition.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Little Rock-North Little Rock-Conway, AR Insurance Sales Agents Salary | $76,680↑ 40% | 17 mi |
| Hot Springs, AR Insurance Sales Agents Salary | $58,590↑ 7% | 51 mi |
Comparing salaries near North Arkansas nonmetropolitan area
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in North Arkansas nonmetropolitan area?
The median annual salary for a Insurance Sales Agents in North Arkansas nonmetropolitan area is $54,890. This typically ranges from $28,800 for entry-level positions to $87,410 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in North Arkansas nonmetropolitan area is 32.7% lower than the national median of $81,510.
Is North Arkansas nonmetropolitan area a lucrative place for Insurance Sales Agentss?
No, it is not considered a highly lucrative area compared to the national average.The average salary of $54,890 is significantly lower than the national average of $81,510, although the cost of living is on par with the nation.
Is North Arkansas nonmetropolitan area a good place to live for Insurance Sales Agents?
The Cost of Living Index in North Arkansas nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near North Arkansas nonmetropolitan area?
Some top paying nearby cities include Little Rock-North Little Rock-Conway, AR ($76,680) and Hot Springs, AR.
How does the local workforce size affect job opportunities?
A local workforce of 310 suggests a moderate-sized market. While not a massive hub, it indicates a stable base of employment for Insurance Sales Agents, with opportunities likely arising from natural turnover and new business development.
What does a Location Quotient of 0.86 mean for job seekers?
A Location Quotient of 0.86 implies that Insurance Sales Agents are slightly less common in North Arkansas nonmetropolitan area than nationally. This could mean less competition for roles, but also potentially fewer specialized or high-level positions compared to more concentrated areas.
How does the cost of living impact the salary?
With a Cost of Living Index of 100, the $54,890 salary in North Arkansas nonmetropolitan area offers a purchasing power equivalent to the national average. This means that despite the lower nominal wage, the actual standard of living is comparable to many other regions.
Are there many Insurance Sales Agent jobs per capita in this area?
With 2.615 jobs per 1,000 workers, the density of Insurance Sales Agent roles is slightly below the national average. This indicates a steady, but not overwhelming, availability of positions relative to the general workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 310 employees in the North Arkansas nonmetropolitan area area with a job density of 2.615 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 North Arkansas nonmetropolitan area