Average Insurance Sales Agents Salary in Norwich-New London-Willimantic, CT
Yes, Norwich-New London-Willimantic, CT is a highly lucrative market for Insurance Sales Agentss. With an average annual salary of $114,600, professionals here earn significantly more than the national norm.
Executive Summary
- Average Salary: $114,600 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $171,900.
- Outlook: The current demand for Insurance Sales Agentss is stable, with a local workforce of approximately 150 professionals. This role remains a specialized component of the broader Norwich-New London-Willimantic, CT economy.
Salary Overview
The average Insurance Sales Agents in Norwich-New London-Willimantic, CT earns+40.6%above the national average.
$55.1
$2,204
$9,550
Insurance Sales Agents Salary Trends (2020-2024)
Historical trend data for Insurance Sales Agents in Norwich-New London-Willimantic, CT is limited, but current market signals indicate a stable demand environment.
Insurance Sales Agents Salary Distribution in Norwich-New London-Willimantic, CT
The earning potential for Insurance Sales Agentss in Norwich-New London-Willimantic, CT varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.9x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $34,870, while highly experienced professionals can command wages upwards of $171,900.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $34,870 | $16.8 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $85,950 | $41.3 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $58,480 | $28.1 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $143,250 | $68.9 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $171,900 | $82.6 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$114,600
Gross Pay
Real Wage (Purchasing Power)
$114,600
Adjusted for COL (100)
In Norwich-New London-Willimantic, CT, the Cost of Living Index is 100. This increases your effective purchasing power from $114,600 to $114,600.
Job Market Context
150
Total Jobs
1.219
Per 1K Jobs
0.4
Location Quotient
At 0.40x, Norwich-New London-Willimantic, CT has a notably lower concentration of Insurance Sales Agents jobs than the national average. Opportunities in this area are relatively scarce for this profession.
150 people work as Insurance Sales Agents in Norwich-New London-Willimantic, CT.
1.219 out of every 1,000 local jobs are Insurance Sales Agents positions — a typical concentration.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Hartford-West Hartford-East Hartford, CT Insurance Sales Agents Salary | $111,340↓ 3% | 34 mi |
| Connecticut nonmetropolitan area Insurance Sales Agents Salary | $103,130↓ 10% | 35 mi |
| Providence-Warwick, RI-MA Insurance Sales Agents Salary | $85,450↓ 25% | 39 mi |
| Springfield, MA Insurance Sales Agents Salary | $91,030↓ 21% | 45 mi |
| New Haven, CT Insurance Sales Agents Salary | $97,050↓ 15% | 46 mi |
Comparing salaries near Norwich-New London-Willimantic, CT
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Norwich-New London-Willimantic, CT?
The median annual salary for a Insurance Sales Agents in Norwich-New London-Willimantic, CT is $114,600. This typically ranges from $34,870 for entry-level positions to $171,900 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Norwich-New London-Willimantic, CT is 40.6% higher than the national median of $81,510.
Is Norwich-New London-Willimantic, CT a good place for Insurance Sales Agentss?
Yes, Norwich-New London-Willimantic, CT is financially attractive for Insurance Sales Agentss. The average salary of $114,600 exceeds the national average. See distinct detailed breakdown below.
Is Norwich-New London-Willimantic, CT a good place to live for Insurance Sales Agents?
The Cost of Living Index in Norwich-New London-Willimantic, CT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Norwich-New London-Willimantic, CT?
Some top paying nearby cities include Hartford-West Hartford-East Hartford, CT ($111,340) and Connecticut 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 150 employees in the Norwich-New London-Willimantic, CT area with a job density of 1.219 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 Norwich-New London-Willimantic, CT