Average Insurance Sales Agents Salary in Oklahoma City, OK
Insurance Sales Agents in Oklahoma City, OK, earn an average annual salary of $61,970. This figure is notably below the national average of $81,510, reflecting regional economic factors and the specific demand dynamics within the Oklahoma City market. Localized market conditions, including the cost of doing business and the competitive landscape, often influence compensation levels for insurance professionals.
Executive Summary
- Average Salary: $61,970 per year.
- Growth Trend: Salaries have shifted 4.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $102,960.
- Outlook: The Oklahoma City market for Insurance Sales Agents is moderately sized, with a total local workforce of 2,010 professionals. A Location Quotient of 0.99 indicates that the concentration of these roles in Oklahoma City is very close to the national average, suggesting a stable but not exceptionally high demand. The presence of 3.005 jobs per 1,000 workers further supports the notion of a consistent, albeit not rapidly expanding, job market for this profession.
Salary Overview
The average Insurance Sales Agents in Oklahoma City, OK earns-24.0%below the national average.
$29.8
$1,192
$5,164
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for Oklahoma City's Insurance Sales Agents is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic recovery, inflation, and evolving insurance product demands typically drive modest annual increases in compensation for sales professionals in this sector.
Insurance Sales Agents Salary Distribution in Oklahoma City, OK
Salary progression for Insurance Sales Agents in Oklahoma City, as elsewhere, is strongly tied to experience and performance. Entry-level positions typically start at the lower end of the pay scale, while seasoned agents with proven track records and specialized knowledge can command significantly higher salaries. The gap between the 25th percentile (entry-level) and the 75th percentile (experienced) often signifies substantial career growth opportunities and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $27,560 | $13.3 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $46,478 | $22.3 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $45,370 | $21.8 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $77,463 | $37.2 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $102,960 | $49.5 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$61,970
Gross Pay
Real Wage (Purchasing Power)
$61,970
Adjusted for COL (100)
The average annual salary of $61,970 in Oklahoma City aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an Insurance Sales Agent's salary in Oklahoma City is equivalent to the national average, making it neither a particularly high-cost nor low-cost area in terms of daily expenses.
Job Market Context
2,010
Total Jobs
3.005
Per 1K Jobs
0.99
Location Quotient
Oklahoma City, OK has 0.99x 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 0.99, the job market for Insurance Sales Agents in Oklahoma City is nearly on par with the national average in terms of concentration. This suggests a balanced market where the number of available agents closely matches the demand from employers. It indicates neither an oversaturated market nor a significant talent shortage, implying a competitive but accessible environment for both job seekers and hiring managers.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Southeast Oklahoma nonmetropolitan area Insurance Sales Agents Salary | $63,220↑ 2% | 34 mi |
| Northeast Oklahoma nonmetropolitan area Insurance Sales Agents Salary | $47,980↓ 23% | 34 mi |
| Southwest Oklahoma nonmetropolitan area Insurance Sales Agents Salary | $37,800↓ 39% | 34 mi |
| Northwest Oklahoma nonmetropolitan area Insurance Sales Agents Salary | $50,740↓ 18% | 34 mi |
| Enid, OK Insurance Sales Agents Salary | $52,820↓ 15% | 68 mi |
Comparing salaries near Oklahoma City, OK
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Frequently Asked Questions
How much does a Insurance Sales Agents make in Oklahoma City, OK?
The median annual salary for a Insurance Sales Agents in Oklahoma City, OK is $61,970. This typically ranges from $27,560 for entry-level positions to $102,960 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Oklahoma City, OK is 24.0% lower than the national median of $81,510.
Is Oklahoma City, OK a lucrative place for Insurance Sales Agents?
No, not exceptionally lucrative compared to the national average.While the cost of living is average, the average salary of $61,970 is significantly lower than the national average of $81,510, indicating less lucrative earning potential in this specific location.
Is Oklahoma City, OK a good place to live for Insurance Sales Agents?
The Cost of Living Index in Oklahoma City, OK is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Oklahoma City, OK?
Some top paying nearby cities include Southeast Oklahoma nonmetropolitan area ($63,220) and Northeast Oklahoma nonmetropolitan area.
How does Oklahoma City's cost of living compare to the national average?
Oklahoma City's cost of living is exactly at the national average, with a Cost of Living Index of 100. This means that the general price level for goods and services is comparable to the rest of the United States.
What is the concentration of Insurance Sales Agents in Oklahoma City?
The concentration of Insurance Sales Agents in Oklahoma City is very close to the national average, indicated by a Location Quotient of 0.99. This suggests a stable presence of these professionals in the local workforce.
How many Insurance Sales Agents are there in Oklahoma City?
There are approximately 2,010 Insurance Sales Agents employed in Oklahoma City, representing a significant portion of the local workforce in this specialized field.
What is the job availability like for Insurance Sales Agents in Oklahoma City?
Job availability is moderate, with 3.005 Insurance Sales Agent jobs per 1,000 workers. This indicates a steady demand for professionals in this role within the city.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,010 employees in the Oklahoma City, OK area with a job density of 3.005 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 Oklahoma City, OK