Average Insurance Sales Agents Salary in North Central Tennessee nonmetropolitan area
Insurance Sales Agents in the North Central Tennessee nonmetropolitan area earn an average annual salary of $57,700. This figure is notably below the national average of $81,510, reflecting regional economic factors and potentially a different market dynamic. The concentration of this role within the local economy also plays a part in the compensation structure.
Executive Summary
- Average Salary: $57,700 per year.
- Growth Trend: Salaries have shifted 25.6% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $98,050.
- Outlook: The job market for Insurance Sales Agents in North Central Tennessee appears stable, with a total local workforce of 220 individuals in this role. The Location Quotient of 0.63 suggests that this profession is less concentrated here compared to the national average, indicating a moderate but not saturated demand. With 1.916 jobs per 1,000 workers, there is a consistent presence of opportunities for skilled agents.
Salary Overview
The average Insurance Sales Agents in North Central Tennessee nonmetropolitan area earns-29.2%below the national average.
$27.7
$1,110
$4,808
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it's reasonable to assume that salaries for Insurance Sales Agents in North Central Tennessee have experienced gradual growth over the past four years, mirroring national trends. Economic recovery, evolving insurance needs, and inflation typically contribute to upward salary adjustments, even in less metropolitan regions.
Insurance Sales Agents Salary Distribution in North Central Tennessee nonmetropolitan area
Career progression for Insurance Sales Agents in North Central Tennessee typically leads to increased 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 higher salaries. The percentile gaps in earnings signify the rewards associated with developing expertise and building a client base.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $36,800 | $17.7 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $43,275 | $20.8 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $47,650 | $22.9 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $72,125 | $34.7 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $98,050 | $47.1 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$57,700
Gross Pay
Real Wage (Purchasing Power)
$57,700
Adjusted for COL (100)
The average annual salary of $57,700 in North Central Tennessee aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an Insurance Sales Agent's salary in this region is comparable to the national standard, making it a neutral factor for relocation considerations from a cost perspective.
Job Market Context
220
Total Jobs
1.916
Per 1K Jobs
0.63
Location Quotient
North Central Tennessee nonmetropolitan area has 0.63x 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.
With a Location Quotient of 0.63, the market for Insurance Sales Agents in North Central Tennessee is less concentrated than the national average. This suggests that while the profession is present, it is not a dominant industry sector within the region. This could translate to fewer direct competitors but also potentially fewer specialized support roles or advanced training opportunities compared to more concentrated markets.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin, TN Insurance Sales Agents Salary | $70,260↑ 22% | 29 mi |
| Clarksville, TN-KY Insurance Sales Agents Salary | $62,640↑ 9% | 67 mi |
| Huntsville, AL Insurance Sales Agents Salary | $76,090↑ 32% | 73 mi |
| Florence-Muscle Shoals, AL Insurance Sales Agents Salary | $73,640↑ 28% | 84 mi |
Comparing salaries near North Central Tennessee nonmetropolitan area
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in North Central Tennessee nonmetropolitan area?
The median annual salary for a Insurance Sales Agents in North Central Tennessee nonmetropolitan area is $57,700. This typically ranges from $36,800 for entry-level positions to $98,050 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in North Central Tennessee nonmetropolitan area is 29.2% lower than the national median of $81,510.
Is North Central Tennessee nonmetropolitan area a lucrative place for Insurance Sales Agentss?
No, it is not considered a lucrative place compared to the national average.The average salary of $57,700 is significantly lower than the national average of $81,510. While the cost of living is average, the lower nominal pay indicates less lucrative earning potential in this specific region.
Is North Central Tennessee nonmetropolitan area a good place to live for Insurance Sales Agents?
The Cost of Living Index in North Central Tennessee nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near North Central Tennessee nonmetropolitan area?
Some top paying nearby cities include Nashville-Davidson--Murfreesboro--Franklin, TN ($70,260) and Clarksville, TN-KY.
How does the local workforce size affect job prospects for Insurance Sales Agents in North Central TN?
A local workforce of 220 suggests a moderate number of professionals in this field. While not a large market, it indicates a stable presence and consistent demand for insurance services within the community.
What does a Location Quotient of 0.63 mean for Insurance Sales Agents in this area?
A Location Quotient of 0.63 signifies that Insurance Sales Agents are less concentrated in North Central Tennessee compared to the national average. This implies a less competitive job market relative to national standards.
How does the Cost of Living Index of 100 impact the $57,700 salary?
An index of 100 means the cost of living is exactly at the national average. Therefore, the $57,700 salary has the same purchasing power as the national average salary, indicating no significant advantage or disadvantage due to living expenses.
Are there many job openings for Insurance Sales Agents in North Central Tennessee?
With 1.916 jobs per 1,000 workers, there is a steady, albeit not exceptionally high, number of opportunities available. This rate suggests consistent hiring needs within the region's insurance sector.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the North Central Tennessee nonmetropolitan area area with a job density of 1.916 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 Central Tennessee nonmetropolitan area