Average Insurance Sales Agents Salary in Northern Vermont nonmetropolitan area
Insurance Sales Agents in the Northern Vermont nonmetropolitan area earn an average annual salary of $74,600. This figure is notably below the national average of $81,510, suggesting that regional economic factors and market demand play a significant role in compensation within this specific locale. The lower average may be influenced by the unique economic landscape of nonmetropolitan Vermont.
Executive Summary
- Average Salary: $74,600 per year.
- Growth Trend: Salaries have shifted 8.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $100,580.
- Outlook: The job market for Insurance Sales Agents in Northern Vermont appears stable, with a total local workforce of 240 individuals. The Location Quotient of 0.89 indicates a concentration slightly below the national average, suggesting a steady but not exceptionally high demand for these professionals relative to other occupations in the region. With 2.704 jobs per 1,000 workers, the presence of this role is consistent within the local employment structure.
Salary Overview
The average Insurance Sales Agents in Northern Vermont nonmetropolitan area earns-8.5%below the national average.
$35.9
$1,435
$6,217
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 Northern Vermont have experienced gradual growth over the past four years, mirroring national trends. Economic recovery, evolving insurance needs, and inflation typically contribute to incremental increases in compensation for sales professionals in this sector.
Insurance Sales Agents Salary Distribution in Northern Vermont nonmetropolitan area
Salary progression for Insurance Sales Agents in Northern Vermont typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned agents with proven track records and established client bases can command significantly higher earnings. The percentile gaps in salary distribution reflect this career trajectory, with senior agents often earning well above the average.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $49,670 | $23.9 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $55,950 | $26.9 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $61,970 | $29.8 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $93,250 | $44.8 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $100,580 | $48.4 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$74,600
Gross Pay
Real Wage (Purchasing Power)
$74,600
Adjusted for COL (100)
The nominal average salary of $74,600 in Northern Vermont 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 that of an agent earning the national average in a location with average living costs. Therefore, the salary is neither significantly boosted nor diminished by the local cost of living.
Job Market Context
240
Total Jobs
2.704
Per 1K Jobs
0.89
Location Quotient
Northern Vermont nonmetropolitan area has 0.89x 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 0.89, the market for Insurance Sales Agents in Northern Vermont is slightly less concentrated than the national average. This suggests that while the profession is present and valued, it is not a dominant industry within the region compared to other areas. The job market is neither oversaturated nor critically undersupplied, indicating a balanced environment for both job seekers and employers.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Burlington-South Burlington, VT Insurance Sales Agents Salary | $101,480↑ 36% | 40 mi |
| Glens Falls, NY Insurance Sales Agents Salary | $81,430↑ 9% | 69 mi |
| Central New Hampshire nonmetropolitan area Insurance Sales Agents Salary | $68,710↓ 8% | 70 mi |
| Northern New Hampshire nonmetropolitan area Insurance Sales Agents Salary | $72,210↓ 3% | 70 mi |
| Southwestern New Hampshire nonmetropolitan area Insurance Sales Agents Salary | $75,360↑ 1% | 70 mi |
Comparing salaries near Northern Vermont nonmetropolitan area
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Northern Vermont nonmetropolitan area?
The median annual salary for a Insurance Sales Agents in Northern Vermont nonmetropolitan area is $74,600. This typically ranges from $49,670 for entry-level positions to $100,580 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northern Vermont nonmetropolitan area is 8.5% lower than the national median of $81,510.
Is Northern Vermont nonmetropolitan area a lucrative place for Insurance Sales Agentss?
No, it is not exceptionally lucrative compared to the national average.The average salary of $74,600 is below the national average of $81,510, indicating less lucrative compensation. However, the cost of living is also at the national average, meaning the salary's purchasing power is standard.
Is Northern Vermont nonmetropolitan area a good place to live for Insurance Sales Agents?
The Cost of Living Index in Northern Vermont nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northern Vermont nonmetropolitan area?
Some top paying nearby cities include Burlington-South Burlington, VT ($101,480) and Glens Falls, NY.
How does the Northern Vermont salary compare to the national average?
The average annual salary for Insurance Sales Agents in Northern Vermont is $74,600, which is lower than the national average of $81,510.
What is the Cost of Living in Northern Vermont nonmetropolitan area?
The Cost of Living Index for Northern Vermont nonmetropolitan area is 100, which is exactly the national average.
How concentrated is the job market for Insurance Sales Agents in this region?
The job market is slightly less concentrated than the national average, with a Location Quotient of 0.89, indicating a stable but not dominant presence of the profession.
What is the total workforce size for Insurance Sales Agents in Northern Vermont?
There are approximately 240 Insurance Sales Agents employed in the Northern Vermont 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 240 employees in the Northern Vermont nonmetropolitan area area with a job density of 2.704 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 Northern Vermont nonmetropolitan area