Average Insurance Sales Agents Salary in Northwest Oklahoma nonmetropolitan area
Insurance Sales Agents in the Northwest Oklahoma nonmetropolitan area earn an average annual salary of $50,740. This figure significantly trails the national average of $81,510, reflecting the distinct economic landscape and potentially lower demand for specialized sales roles in less densely populated regions. The lower average salary is a direct consequence of the specific market dynamics present in this nonmetropolitan area.
Executive Summary
- Average Salary: $50,740 per year.
- Growth Trend: Salaries have shifted 3.1% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $81,100.
- Outlook: The job market for Insurance Sales Agents in Northwest Oklahoma is characterized by a modest local workforce of 220 individuals. With a Location Quotient of 0.74, the concentration of these roles is slightly below the national average, suggesting a stable but not rapidly expanding demand. The presence of 2.263 jobs per 1,000 workers indicates a consistent, albeit not overwhelming, need for insurance professionals within the region.
Salary Overview
The average Insurance Sales Agents in Northwest Oklahoma nonmetropolitan area earns-37.7%below the national average.
$24.4
$976
$4,228
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for this niche in Northwest Oklahoma is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic recovery and evolving insurance needs likely contributed to incremental increases in compensation for skilled agents, even in nonmetropolitan settings. This suggests a positive, albeit potentially modest, upward trajectory for earnings in this field.
Insurance Sales Agents Salary Distribution in Northwest Oklahoma nonmetropolitan area
Salary progression for Insurance Sales Agents is typically tied to experience and performance. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with a proven track record and a robust client base can command significantly higher earnings. The percentile gaps in salary data, from the 25th to the 75th percentile and beyond, clearly signify the substantial career growth and earning potential available to experienced agents.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $32,090 | $15.4 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $38,055 | $18.3 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $45,730 | $22 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $63,425 | $30.5 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $81,100 | $39 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$50,740
Gross Pay
Real Wage (Purchasing Power)
$50,740
Adjusted for COL (100)
The average annual salary of $50,740 in Northwest Oklahoma aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal income is lower than the national average, the purchasing power of that income locally is equivalent to the national standard. Therefore, the $50,740 salary offers a comparable standard of living to what an individual might expect elsewhere in the country, without the added financial strain of a higher cost of living.
Job Market Context
220
Total Jobs
2.263
Per 1K Jobs
0.74
Location Quotient
Northwest Oklahoma nonmetropolitan area has 0.74x 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 0.74, Northwest Oklahoma's nonmetropolitan area has a slightly lower concentration of Insurance Sales Agents compared to the national average. This suggests that the job market is neither oversaturated nor exceptionally scarce for these professionals. While there is a steady presence of these roles, the lower quotient indicates that opportunities may be more spread out, and competition could be moderate.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Oklahoma City, OK Insurance Sales Agents Salary | $61,970↑ 22% | 34 mi |
| Tulsa, OK Insurance Sales Agents Salary | $68,730↑ 35% | 69 mi |
| Enid, OK Insurance Sales Agents Salary | $52,820↑ 4% | 78 mi |
Comparing salaries near Northwest Oklahoma nonmetropolitan area
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Northwest Oklahoma nonmetropolitan area?
The median annual salary for a Insurance Sales Agents in Northwest Oklahoma nonmetropolitan area is $50,740. This typically ranges from $32,090 for entry-level positions to $81,100 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwest Oklahoma nonmetropolitan area is 37.7% lower than the national median of $81,510.
Is Northwest Oklahoma nonmetropolitan area a lucrative place for Insurance Sales Agentss?
No, it is not considered a lucrative place for Insurance Sales Agents.The average salary of $50,740 is significantly below the national average, indicating lower earning potential. While the cost of living is average, the overall compensation is substantially less attractive compared to national benchmarks.
Is Northwest Oklahoma nonmetropolitan area a good place to live for Insurance Sales Agents?
The Cost of Living Index in Northwest Oklahoma nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwest Oklahoma nonmetropolitan area?
Some top paying nearby cities include Oklahoma City, OK ($61,970) and Tulsa, OK.
How does the cost of living affect the salary in Northwest Oklahoma?
The cost of living in Northwest Oklahoma is at the national average (100), meaning the $50,740 salary provides a purchasing power equivalent to the national average. While the salary is lower, the cost of goods and services locally does not exacerbate the difference.
What is the concentration of Insurance Sales Agents in this area?
The concentration of Insurance Sales Agents is slightly below the national average, with a Location Quotient of 0.74. This indicates a moderate presence of these professionals relative to other occupations in the region.
How many Insurance Sales Agents are there in Northwest Oklahoma?
The total local workforce for Insurance Sales Agents in the Northwest Oklahoma nonmetropolitan area is approximately 220 individuals.
What is the national average salary for an Insurance Sales Agent?
The national average annual salary for an Insurance Sales Agent is $81,510, which is considerably higher than the average salary in Northwest Oklahoma.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Northwest Oklahoma nonmetropolitan area area with a job density of 2.263 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 Northwest Oklahoma nonmetropolitan area