Average Insurance Sales Agents Salary in Northeast Alabama nonmetropolitan area
Insurance Sales Agents in the Northeast Alabama nonmetropolitan area are earning an impressive average annual salary of $102,950. This figure significantly surpasses the national average of $81,510, indicating a strong local demand or a unique market dynamic that drives higher compensation for these professionals in this specific region.
Executive Summary
- Average Salary: $102,950 per year.
- Growth Trend: Salaries have shifted 64.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $176,240.
- Outlook: With a local workforce of 340 Insurance Sales Agents and a Location Quotient of 0.73, the job market in Northeast Alabama nonmetropolitan area shows a slightly lower concentration compared to the national average. However, the presence of 2.221 jobs per 1,000 workers suggests a stable, albeit not hyper-concentrated, demand for these roles within the region.
Salary Overview
The average Insurance Sales Agents in Northeast Alabama nonmetropolitan area earns+26.3%above the national average.
$49.5
$1,980
$8,579
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Insurance Sales Agents in Northeast Alabama nonmetropolitan area have experienced steady growth over the past four years, mirroring national trends. This growth is likely driven by increasing insurance needs, evolving market demands, and the general economic expansion within the state.
Insurance Sales Agents Salary Distribution in Northeast Alabama nonmetropolitan area
Career progression for Insurance Sales Agents in Northeast Alabama nonmetropolitan area typically involves a significant salary increase with experience. Entry-level positions may start at a lower percentile, but seasoned professionals with proven sales records and specialized knowledge can command salaries well into the higher percentiles, reflecting their value and contribution to the agency.
| 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) | $77,213 | $37.1 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $80,940 | $38.9 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $128,688 | $61.9 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $176,240 | $84.7 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$102,950
Gross Pay
Real Wage (Purchasing Power)
$102,950
Adjusted for COL (100)
The average annual salary of $102,950 in Northeast Alabama nonmetropolitan area is particularly attractive when considered against the local Cost of Living Index of 100, which is precisely the national average. This means that the purchasing power of an Insurance Sales Agent's salary in this region is equivalent to the national standard, making the higher nominal income translate directly into comparable living expenses.
Job Market Context
340
Total Jobs
2.221
Per 1K Jobs
0.73
Location Quotient
Northeast Alabama nonmetropolitan area has 0.73x 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 0.73 for Insurance Sales Agents in Northeast Alabama nonmetropolitan area indicates that the profession is slightly less concentrated than the national average. This suggests that while the job is present and compensated well, the market may not be saturated, potentially offering good opportunities for skilled agents without facing intense competition from a disproportionately large pool of peers.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Montgomery, AL Insurance Sales Agents Salary | $92,480↓ 10% | 44 mi |
| Birmingham, AL Insurance Sales Agents Salary | $98,570↓ 4% | 50 mi |
| Tuscaloosa, AL Insurance Sales Agents Salary | $93,480↓ 9% | 52 mi |
| Auburn-Opelika, AL Insurance Sales Agents Salary | $72,940↓ 29% | 77 mi |
| Anniston-Oxford, AL Insurance Sales Agents Salary | $89,740↓ 13% | 82 mi |
Comparing salaries near Northeast Alabama nonmetropolitan area
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Frequently Asked Questions
How much does a Insurance Sales Agents make in Northeast Alabama nonmetropolitan area?
The median annual salary for a Insurance Sales Agents in Northeast Alabama nonmetropolitan area is $102,950. This typically ranges from $28,800 for entry-level positions to $176,240 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northeast Alabama nonmetropolitan area is 26.3% higher than the national median of $81,510.
Is Northeast Alabama nonmetropolitan area a lucrative place for Insurance Sales Agents?
Yes, it is a lucrative area for Insurance Sales Agents.The average salary of $102,950 significantly exceeds the national average, and the cost of living is on par with the national average, allowing for strong purchasing power.
Is Northeast Alabama nonmetropolitan area a good place to live for Insurance Sales Agents?
The Cost of Living Index in Northeast Alabama nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northeast Alabama nonmetropolitan area?
Some top paying nearby cities include Montgomery, AL ($92,480) and Birmingham, AL.
How does the salary compare to the national average?
The average salary for Insurance Sales Agents in Northeast Alabama nonmetropolitan area is $102,950, which is substantially higher than the national average of $81,510.
What is the cost of living in Northeast Alabama nonmetropolitan area?
The Cost of Living Index for Northeast Alabama nonmetropolitan area is 100, which is exactly the national average, meaning living expenses are neither higher nor lower than the typical U.S. location.
Is there high demand for Insurance Sales Agents in this region?
With 2.221 jobs per 1,000 workers, there is a consistent presence of job opportunities, though the Location Quotient of 0.73 suggests the market is not exceptionally concentrated compared to national levels.
How many Insurance Sales Agents work in Northeast Alabama nonmetropolitan area?
There are approximately 340 Insurance Sales Agents employed in the Northeast Alabama nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 340 employees in the Northeast Alabama nonmetropolitan area area with a job density of 2.221 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 Northeast Alabama nonmetropolitan area