Average Insurance Sales Agents Salary in Northeast Oklahoma nonmetropolitan area
Insurance Sales Agents in the Northeast Oklahoma nonmetropolitan area earn an average annual salary of $47,980. This figure is notably lower than the national average of $81,510, reflecting regional economic factors and the specific demand within this less urbanized setting. The compensation is influenced by the local market dynamics and the cost of doing business in the area.
Executive Summary
- Average Salary: $47,980 per year.
- Growth Trend: Salaries have shifted 14.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $60,840.
- Outlook: The job market for Insurance Sales Agents in Northeast Oklahoma's nonmetropolitan area appears stable, with a total local workforce of 350 individuals. The location quotient of 0.97 suggests a concentration of these roles that is very close to the national average, indicating a consistent, albeit not exceptionally high, demand for insurance professionals in this region.
Salary Overview
The average Insurance Sales Agents in Northeast Oklahoma nonmetropolitan area earns-41.1%below the national average.
$23.1
$923
$3,998
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 Oklahoma's nonmetropolitan area have experienced gradual growth over the past four years, mirroring general economic trends and inflation. This suggests a steady, if modest, upward trajectory in earning potential for professionals in this field within the region.
Insurance Sales Agents Salary Distribution in Northeast Oklahoma nonmetropolitan area
Salary progression for Insurance Sales Agents typically scales with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned agents with a proven track record and a robust client base can command significantly higher salaries. The percentile gaps in salary data clearly signify career progression opportunities, rewarding expertise and sales performance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $32,120 | $15.4 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $35,985 | $17.3 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $47,340 | $22.8 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $59,975 | $28.8 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $60,840 | $29.3 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$47,980
Gross Pay
Real Wage (Purchasing Power)
$47,980
Adjusted for COL (100)
The nominal average annual salary of $47,980 in Northeast Oklahoma's nonmetropolitan area aligns perfectly with the national average cost of living index of 100. This means that while the take-home pay is lower than the national average for this role, the purchasing power of that salary is equivalent to the national average, suggesting a balanced financial landscape for residents.
Job Market Context
350
Total Jobs
2.946
Per 1K Jobs
0.97
Location Quotient
Northeast Oklahoma nonmetropolitan area has 0.97x 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 0.97, the job market for Insurance Sales Agents in Northeast Oklahoma's nonmetropolitan area is nearly on par with the national average in terms of concentration. This indicates a balanced market where the number of agents is proportionate to the population and economic activity, suggesting moderate competition and stable employment opportunities.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Oklahoma City, OK Insurance Sales Agents Salary | $61,970↑ 29% | 34 mi |
| Tulsa, OK Insurance Sales Agents Salary | $68,730↑ 43% | 69 mi |
| Enid, OK Insurance Sales Agents Salary | $52,820↑ 10% | 78 mi |
Comparing salaries near Northeast Oklahoma nonmetropolitan area
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Northeast Oklahoma nonmetropolitan area?
The median annual salary for a Insurance Sales Agents in Northeast Oklahoma nonmetropolitan area is $47,980. This typically ranges from $32,120 for entry-level positions to $60,840 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northeast Oklahoma nonmetropolitan area is 41.1% lower than the national median of $81,510.
Is Northeast Oklahoma nonmetropolitan area a lucrative place for Insurance Sales Agentss?
No, it is not considered a highly lucrative area.The average salary of $47,980 is significantly below the national average, and while the cost of living is also average, the lower nominal wage limits earning potential compared to other regions.
Is Northeast Oklahoma nonmetropolitan area a good place to live for Insurance Sales Agents?
The Cost of Living Index in Northeast Oklahoma nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northeast Oklahoma nonmetropolitan area?
Some top paying nearby cities include Oklahoma City, OK ($61,970) and Tulsa, OK.
How does the number of Insurance Sales Agents in Northeast Oklahoma compare nationally?
With 2.946 jobs per 1,000 workers, the concentration of Insurance Sales Agents in Northeast Oklahoma's nonmetropolitan area is very close to the national average, as indicated by a location quotient of 0.97.
What is the total number of Insurance Sales Agents in this region?
The total local workforce for Insurance Sales Agents in the Northeast Oklahoma nonmetropolitan area comprises approximately 350 individuals.
Does experience impact an Insurance Sales Agent's salary in this area?
Yes, experience significantly influences salary. Senior agents with established clienteles generally earn more than those in entry-level positions, with salary differences reflecting career advancement.
How does the cost of living affect the salary of an Insurance Sales Agent in Northeast Oklahoma?
The cost of living index is 100, which is the national average. This means that the $47,980 salary has a purchasing power equivalent to the national average, despite being lower than the national average salary for the role.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 350 employees in the Northeast Oklahoma nonmetropolitan area area with a job density of 2.946 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 Oklahoma nonmetropolitan area