Average Insurance Sales Agents Salary in Northeastern Wisconsin nonmetropolitan area
Insurance Sales Agents in the Northeastern Wisconsin nonmetropolitan area earn an average annual salary of $84,100, slightly surpassing the national average of $81,510. This favorable compensation reflects the specialized nature of insurance sales and the specific economic dynamics of nonmetropolitan regions, where local demand and the cost of attracting skilled professionals can influence pay rates.
Executive Summary
- Average Salary: $84,100 per year.
- Growth Trend: Salaries have shifted 27.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $128,940.
- Outlook: The job market for Insurance Sales Agents in Northeastern Wisconsin is moderately sized, with a total local workforce of 470 professionals. The Location Quotient of 0.79 suggests a slightly lower concentration of these roles compared to the national average, indicating a stable but not overly saturated market. With 2.411 jobs per 1,000 workers, the demand is consistent, offering a solid employment landscape for dedicated agents.
Salary Overview
The average Insurance Sales Agents in Northeastern Wisconsin nonmetropolitan area earns+3.2%above the national average.
$40.4
$1,617
$7,008
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 Northeastern Wisconsin have experienced steady growth over the past four years, mirroring national trends. Factors such as evolving insurance products, increased demand for financial planning, and general economic expansion likely contribute to a positive trajectory in earning potential for professionals in this field.
Insurance Sales Agents Salary Distribution in Northeastern Wisconsin nonmetropolitan area
Salary progression for Insurance Sales Agents typically scales significantly with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned agents with established clienteles and advanced sales certifications can command substantially higher incomes. The percentile gaps in salary distribution clearly signify career progression, rewarding accumulated expertise, client management skills, and a proven track record of sales success.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $48,560 | $23.3 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $63,075 | $30.3 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $72,800 | $35 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $105,125 | $50.5 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $128,940 | $62 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$84,100
Gross Pay
Real Wage (Purchasing Power)
$84,100
Adjusted for COL (100)
The average annual salary of $84,100 in Northeastern Wisconsin aligns perfectly with the national average cost of living (Index 100). This means that the purchasing power of an agent's earnings in this region is equivalent to the national standard, offering a stable financial footing without the premium often associated with higher cost-of-living areas.
Job Market Context
470
Total Jobs
2.411
Per 1K Jobs
0.79
Location Quotient
Northeastern Wisconsin nonmetropolitan area has 0.79x 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 0.79, the market for Insurance Sales Agents in Northeastern Wisconsin is less concentrated than the national average. This suggests that while the profession is present and valued, there may be fewer agents per capita compared to other regions. This could translate to potentially greater opportunities for new agents to establish themselves or for existing agents to expand their client base without facing intense competition.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Wausau, WI Insurance Sales Agents Salary | $70,300↓ 16% | 48 mi |
| Oshkosh-Neenah, WI Insurance Sales Agents Salary | $96,490↑ 15% | 55 mi |
| Appleton, WI Insurance Sales Agents Salary | $79,890↓ 5% | 61 mi |
| Fond du Lac, WI Insurance Sales Agents Salary | $110,650↑ 32% | 68 mi |
| Green Bay, WI Insurance Sales Agents Salary | $95,570↑ 14% | 82 mi |
Comparing salaries near Northeastern Wisconsin nonmetropolitan area
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Northeastern Wisconsin nonmetropolitan area?
The median annual salary for a Insurance Sales Agents in Northeastern Wisconsin nonmetropolitan area is $84,100. This typically ranges from $48,560 for entry-level positions to $128,940 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northeastern Wisconsin nonmetropolitan area is 3.2% higher than the national median of $81,510.
Is Northeastern Wisconsin nonmetropolitan area a lucrative place for Insurance Sales Agentss?
Yes, it offers competitive earnings.The average salary of $84,100 exceeds the national average, and the cost of living is on par with the national index, making it a financially attractive location.
Is Northeastern Wisconsin nonmetropolitan area a good place to live for Insurance Sales Agents?
The Cost of Living Index in Northeastern Wisconsin nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northeastern Wisconsin nonmetropolitan area?
Some top paying nearby cities include Wausau, WI ($70,300) and Oshkosh-Neenah, WI.
How does the salary compare to larger metropolitan areas in Wisconsin?
While this data focuses on the nonmetropolitan area, salaries in larger Wisconsin cities might differ due to variations in cost of living and market demand. However, the $84,100 average indicates strong earning potential even outside major urban centers.
What factors influence salary for Insurance Sales Agents?
Key factors include years of experience, sales performance, specific insurance products sold (e.g., life, health, property), certifications, and the size and success of the agency or book of business.
Is the job market for Insurance Sales Agents growing in this region?
While specific growth rates aren't detailed, the stable number of jobs per 1,000 workers and a Location Quotient below 1.0 suggest a consistent demand rather than rapid expansion, providing a steady career path.
What is the significance of the Location Quotient (LQ) being 0.79?
An LQ of 0.79 indicates that there are fewer Insurance Sales Agents per capita in Northeastern Wisconsin compared to the national average. This can imply less competition and potentially more room for growth for individual agents.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 470 employees in the Northeastern Wisconsin nonmetropolitan area area with a job density of 2.411 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 Northeastern Wisconsin nonmetropolitan area