Average Insurance Sales Agents Salary in North Port-Bradenton-Sarasota, FL
Insurance Sales Agents in the North Port-Bradenton-Sarasota, FL area earn an average annual salary of $76,510. This figure is slightly below the national average of $81,510, suggesting a localized compensation structure influenced by regional economic factors and industry demand within this specific Florida market.
Executive Summary
- Average Salary: $76,510 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $123,640.
- Outlook: The North Port-Bradenton-Sarasota region supports a dedicated workforce of approximately 1,300 Insurance Sales Agents. With a Location Quotient of 1.28, indicating a concentration 28% higher than the national average, this area shows a robust demand and a significant presence for this profession, suggesting a stable and potentially growing job market.
Salary Overview
The average Insurance Sales Agents in North Port-Bradenton-Sarasota, FL earns-6.1%below the national average.
$36.8
$1,471
$6,376
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the insurance sales sector has experienced steady growth over the past four years, mirroring national trends. This growth likely translates to incremental salary increases for Insurance Sales Agents in North Port-Bradenton-Sarasota, reflecting evolving market demands and the increasing complexity of insurance products.
Insurance Sales Agents Salary Distribution in North Port-Bradenton-Sarasota, FL
Career progression for Insurance Sales Agents in North Port-Bradenton-Sarasota typically involves significant salary increases with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with proven sales records and specialized knowledge can command salaries well into the upper percentiles, reflecting the value of their expertise and client portfolios.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $38,570 | $18.5 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $57,383 | $27.6 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $58,690 | $28.2 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $95,638 | $46 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $123,640 | $59.4 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$76,510
Gross Pay
Real Wage (Purchasing Power)
$76,510
Adjusted for COL (100)
The average annual salary of $76,510 in North Port-Bradenton-Sarasota 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 equivalent to the national average, offering a stable financial environment without significant cost-of-living advantages or disadvantages.
Job Market Context
1,300
Total Jobs
3.893
Per 1K Jobs
1.28
Location Quotient
With a location quotient of 1.28, North Port-Bradenton-Sarasota, FL has a slightly higher-than-average concentration of Insurance Sales Agents roles compared to the national norm.
The Location Quotient of 1.28 for Insurance Sales Agents in North Port-Bradenton-Sarasota signifies a higher concentration of these professionals compared to the national average. This suggests a competitive market where demand is strong enough to support a larger than average pool of agents, potentially leading to more opportunities but also increased competition for top roles.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Punta Gorda, FL Insurance Sales Agents Salary | $70,460↓ 8% | 14 mi |
| Sebring, FL Insurance Sales Agents Salary | $80,680↑ 5% | 54 mi |
| North Florida nonmetropolitan area Insurance Sales Agents Salary | $76,580↑ 0% | 58 mi |
| South Florida nonmetropolitan area Insurance Sales Agents Salary | $100,980↑ 32% | 58 mi |
Comparing salaries near North Port-Bradenton-Sarasota, FL
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in North Port-Bradenton-Sarasota, FL?
The median annual salary for a Insurance Sales Agents in North Port-Bradenton-Sarasota, FL is $76,510. This typically ranges from $38,570 for entry-level positions to $123,640 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in North Port-Bradenton-Sarasota, FL is 6.1% lower than the national median of $81,510.
Is North Port-Bradenton-Sarasota, FL a lucrative place for Insurance Sales Agents?
Yes, with caveats.While the average salary is slightly below the national average, the strong concentration of agents and a cost of living at the national average indicate a stable and opportunity-rich market for skilled professionals.
Is North Port-Bradenton-Sarasota, FL a good place to live for Insurance Sales Agents?
The Cost of Living Index in North Port-Bradenton-Sarasota, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near North Port-Bradenton-Sarasota, FL?
Some top paying nearby cities include Punta Gorda, FL ($70,460) and Sebring, FL.
How does the local salary compare to the national average?
The average annual salary for Insurance Sales Agents in North Port-Bradenton-Sarasota is $76,510, which is approximately $5,000 less than the national average of $81,510.
What is the concentration of Insurance Sales Agents in this area?
The Location Quotient is 1.28, meaning there is a 28% higher concentration of Insurance Sales Agents in North Port-Bradenton-Sarasota compared to the national average.
How does the cost of living affect the salary?
With a Cost of Living Index of 100, the local salary of $76,510 has the same purchasing power as the national average salary, indicating a balanced economic environment.
What is the total number of Insurance Sales Agents in the region?
There are approximately 1,300 Insurance Sales Agents employed in the North Port-Bradenton-Sarasota area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,300 employees in the North Port-Bradenton-Sarasota, FL area with a job density of 3.893 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 Port-Bradenton-Sarasota, FL