Average Insurance Sales Agents Salary in Northeast Louisiana nonmetropolitan area
Insurance Sales Agents in the Northeast Louisiana nonmetropolitan area earn an average annual salary of $54,150. This figure significantly trails the national average of $81,510, indicating a regional compensation structure that reflects local economic conditions and market demand. The lower average salary in this nonmetropolitan region is a common trend, often influenced by factors such as the cost of doing business and the overall economic output of the area.
Executive Summary
- Average Salary: $54,150 per year.
- Growth Trend: Salaries have shifted 14.1% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $85,340.
- Outlook: The job market for Insurance Sales Agents in Northeast Louisiana appears stable, with a total local workforce of 230 individuals. The Location Quotient of 1.19 suggests a slightly higher concentration of these professionals compared to the national average, implying a steady, albeit not booming, demand for their services within the region. With 3.625 jobs per 1,000 workers, the presence of this profession is well-established.
Salary Overview
The average Insurance Sales Agents in Northeast Louisiana nonmetropolitan area earns-33.6%below the national average.
$26
$1,041
$4,513
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for this precise nonmetropolitan area is not provided, it is reasonable to assume that salaries for Insurance Sales Agents in Northeast Louisiana have experienced gradual growth over the past four years, mirroring national trends. Economic recovery, inflation, and evolving market demands typically drive modest annual increases in compensation for sales professionals across various regions.
Insurance Sales Agents Salary Distribution in Northeast Louisiana nonmetropolitan area
Career progression for Insurance Sales Agents in Northeast Louisiana typically involves a salary increase with experience. Entry-level positions may start at a lower percentile, while seasoned agents with a proven track record and established client base can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies substantial earning potential and career advancement opportunities within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $27,700 | $13.3 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $40,613 | $19.5 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $45,380 | $21.8 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $67,688 | $32.5 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $85,340 | $41 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$54,150
Gross Pay
Real Wage (Purchasing Power)
$54,150
Adjusted for COL (100)
The nominal average annual salary of $54,150 in Northeast Louisiana aligns perfectly with the national average Cost of Living Index of 100. This means that while the salary is lower than the national average, the purchasing power of that salary is equivalent to the national average. Therefore, relocating to this area as an Insurance Sales Agent would not result in a significant change in lifestyle costs compared to the national benchmark.
Job Market Context
230
Total Jobs
3.625
Per 1K Jobs
1.19
Location Quotient
With a location quotient of 1.19, Northeast Louisiana nonmetropolitan area has a slightly higher-than-average concentration of Insurance Sales Agents roles compared to the national norm.
With a Location Quotient of 1.19, Northeast Louisiana exhibits a slightly higher concentration of Insurance Sales Agents than the national average. This suggests that the market is neither oversaturated nor experiencing a significant shortage of agents. The presence of this quotient indicates a stable demand for insurance services, with opportunities available for both new entrants and experienced professionals.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Alexandria, LA Insurance Sales Agents Salary | $54,740↑ 1% | 37 mi |
| Baton Rouge, LA Insurance Sales Agents Salary | $74,650↑ 38% | 67 mi |
| Lafayette, LA Insurance Sales Agents Salary | $62,210↑ 15% | 67 mi |
| Monroe, LA Insurance Sales Agents Salary | $53,040↓ 2% | 94 mi |
| Hammond, LA Insurance Sales Agents Salary | $55,300↑ 2% | 95 mi |
Comparing salaries near Northeast Louisiana nonmetropolitan area
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Northeast Louisiana nonmetropolitan area?
The median annual salary for a Insurance Sales Agents in Northeast Louisiana nonmetropolitan area is $54,150. This typically ranges from $27,700 for entry-level positions to $85,340 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northeast Louisiana nonmetropolitan area is 33.6% lower than the national median of $81,510.
Is Northeast Louisiana nonmetropolitan area a lucrative place for Insurance Sales Agentss?
No, it is not as lucrative as the national average.The average salary of $54,150 is considerably lower than the national average of $81,510. However, the cost of living is on par with the national average, making the effective purchasing power comparable.
Is Northeast Louisiana nonmetropolitan area a good place to live for Insurance Sales Agents?
The Cost of Living Index in Northeast Louisiana nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northeast Louisiana nonmetropolitan area?
Some top paying nearby cities include Alexandria, LA ($54,740) and Baton Rouge, LA.
How does the total workforce size affect job prospects?
A local workforce of 230 suggests a moderately sized market for Insurance Sales Agents. While not a large metropolitan hub, it indicates a consistent need for these professionals within the community.
What does a Location Quotient of 1.19 mean for job competition?
A Location Quotient slightly above 1.0 implies a marginally higher concentration of Insurance Sales Agents compared to the national average, suggesting a competitive but manageable job market.
Are there many job openings for Insurance Sales Agents in this region?
With 3.625 jobs per 1,000 workers, the rate of employment for Insurance Sales Agents is present and steady, indicating ongoing opportunities within the nonmetropolitan area.
How does the cost of living impact the $54,150 salary?
Since the cost of living index is 100 (national average), the $54,150 salary offers purchasing power equivalent to the national average, despite being lower in nominal terms.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Northeast Louisiana nonmetropolitan area area with a job density of 3.625 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 Louisiana nonmetropolitan area