Average Insurance Sales Agents Salary in North Carolina
Insurance Sales Agents in North Carolina earn an average annual salary of $76,080, which is slightly below the national average of $81,510. This localized pay reflects a combination of regional economic factors, market demand, and the cost of doing business within the state, influencing compensation structures for this vital sales role.
Executive Summary
- Average Salary: $76,080 per year.
- Growth Trend: Salaries have shifted 21.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $126,970.
- Outlook: With a substantial local workforce of 19,540 Insurance Sales Agents, North Carolina demonstrates a significant presence in this sector. The location quotient of 1.31 indicates a higher concentration of these professionals compared to the national average, suggesting robust demand and a well-established market for insurance sales expertise within the state.
Salary Overview
The average Insurance Sales Agents in North Carolina earns-6.7%below the national average.
$36.6
$1,463
$6,340
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 North Carolina have experienced steady growth over the past four years, mirroring national trends. Factors such as evolving insurance products, increased consumer needs, and economic expansion likely contribute to upward pressure on compensation for skilled agents.
Insurance Sales Agents Salary Distribution in North Carolina
The career trajectory for Insurance Sales Agents in North Carolina typically shows a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with proven sales records and specialized knowledge can command salaries well above the average, with higher percentiles reflecting advanced expertise and client portfolios.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $34,230 | $16.5 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $57,060 | $27.4 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $57,110 | $27.5 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $95,100 | $45.7 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $126,970 | $61 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$76,080
Gross Pay
Real Wage (Purchasing Power)
$80,169
Adjusted for COL (94.9)
The average annual salary of $76,080 in North Carolina presents a favorable financial standing, especially considering the state's cost of living index is 94.9, which is below the national average of 100. This means that the nominal income earned by Insurance Sales Agents in North Carolina likely offers a higher real purchasing power compared to areas with a higher cost of living.
Job Market Context
19,540
Total Jobs
3.989
Per 1K Jobs
1.31
Location Quotient
With a location quotient of 1.31, North Carolina has a slightly higher-than-average concentration of Insurance Sales Agents roles compared to the national norm.
A location quotient of 1.31 for Insurance Sales Agents in North Carolina signifies a market that is 31% more concentrated than the national average. This suggests a competitive yet opportunity-rich environment where the demand for insurance professionals is notably higher than in many other states, potentially leading to more job openings and specialized roles.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Greensboro-High Point, NC Insurance Sales Agents Salary | $88,990↑ 17% | 32 mi |
| Pinehurst-Southern Pines, NC Insurance Sales Agents Salary | $69,120↓ 9% | 36 mi |
| Burlington, NC Insurance Sales Agents Salary | $68,500↓ 10% | 36 mi |
| Winston-Salem, NC Insurance Sales Agents Salary | $75,770↓ 0% | 41 mi |
| Durham-Chapel Hill, NC Insurance Sales Agents Salary | $82,180↑ 8% | 56 mi |
Comparing salaries near North Carolina
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Frequently Asked Questions
How much does a Insurance Sales Agents make in North Carolina?
The median annual salary for a Insurance Sales Agents in North Carolina is $76,080. This typically ranges from $34,230 for entry-level positions to $126,970 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in North Carolina is 6.7% lower than the national median of $81,510.
Is North Carolina a lucrative place for Insurance Sales Agents?
Yes, with a favorable cost of living.North Carolina offers a competitive average salary of $76,080 for Insurance Sales Agents, which, combined with a cost of living below the national average, enhances real earning potential.
Is North Carolina a good place to live for Insurance Sales Agents?
With a Cost of Living Index of 94.9 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near North Carolina?
Some top paying nearby cities include Greensboro-High Point, NC ($88,990) and Pinehurst-Southern Pines, NC.
How does North Carolina's insurance agent salary compare to the national average?
The average salary for Insurance Sales Agents in North Carolina is $76,080, which is approximately $5,430 lower than the national average of $81,510.
What does the location quotient of 1.31 mean for Insurance Sales Agents in NC?
A location quotient of 1.31 indicates that Insurance Sales Agents are more concentrated in North Carolina than the national average, suggesting a strong presence and potentially higher demand for these professionals in the state.
How does the cost of living affect the salary of an Insurance Sales Agent in North Carolina?
With a cost of living index of 94.9 (below the national average of 100), the $76,080 salary in North Carolina offers greater purchasing power than the same nominal salary in a higher cost-of-living state.
Is the job market for Insurance Sales Agents strong in North Carolina?
Yes, the market appears strong, evidenced by a large workforce of 19,540 and a location quotient of 1.31, indicating a significant concentration of these roles relative to the national landscape.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 19,540 employees in the North Carolina area with a job density of 3.989 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 Carolina