Average Insurance Sales Agents Salary in Olympia-Lacey-Tumwater, WA
Insurance Sales Agents in the Olympia-Lacey-Tumwater, WA area are earning an impressive average annual salary of $82,400. This figure slightly surpasses the national average of $81,510, indicating a localized demand and compensation structure that benefits professionals in this region. Factors such as the specific market needs and the concentration of the industry within the state likely contribute to this favorable pay.
Executive Summary
- Average Salary: $82,400 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $140,280.
- Outlook: The Olympia-Lacey-Tumwater region presents a stable job market for Insurance Sales Agents, with a total local workforce of 440 individuals. The Location Quotient of 1.13 suggests a slightly higher concentration of these roles compared to the national average, implying a steady demand and a robust employment landscape for professionals in this field within the area.
Salary Overview
The average Insurance Sales Agents in Olympia-Lacey-Tumwater, WA earns+1.1%above the national average.
$39.6
$1,585
$6,867
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salary for Insurance Sales Agents in Olympia-Lacey-Tumwater, WA, like most professional roles, has experienced a steady upward trend over the past four years. Economic growth, evolving insurance needs, and inflation typically drive salary increases, ensuring that compensation remains competitive and reflects the value of experienced agents.
Insurance Sales Agents Salary Distribution in Olympia-Lacey-Tumwater, WA
Career progression for Insurance Sales Agents in Olympia-Lacey-Tumwater, WA, is typically marked by significant salary increases with experience. Entry-level positions may start at a lower percentile, but as agents gain expertise, build client bases, and achieve higher sales volumes, their earnings can ascend into the higher percentiles. The gap between entry-level and senior-level salaries reflects the value placed on accumulated knowledge, client relationships, and proven sales performance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $37,520 | $18 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $61,800 | $29.7 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $63,730 | $30.6 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $103,000 | $49.5 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $140,280 | $67.4 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$82,400
Gross Pay
Real Wage (Purchasing Power)
$82,400
Adjusted for COL (100)
For professionals considering a move to Olympia-Lacey-Tumwater, WA, the nominal average salary of $82,400 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of an Insurance Sales Agent's income in this area is equivalent to the national average, offering a stable financial foundation without the immediate pressure of higher living expenses.
Job Market Context
440
Total Jobs
3.432
Per 1K Jobs
1.13
Location Quotient
With a location quotient of 1.13, Olympia-Lacey-Tumwater, WA has a slightly higher-than-average concentration of Insurance Sales Agents roles compared to the national norm.
With a Location Quotient of 1.13, the Olympia-Lacey-Tumwater, WA market demonstrates a slightly higher concentration of Insurance Sales Agents than the national average. This suggests a healthy, albeit not overwhelmingly saturated, job market where demand is present and potentially growing, offering good opportunities for both new entrants and established professionals.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Bremerton-Silverdale-Port Orchard, WA Insurance Sales Agents Salary | $55,380↓ 33% | 36 mi |
| Seattle-Tacoma-Bellevue, WA Insurance Sales Agents Salary | $85,210↑ 3% | 47 mi |
| Longview-Kelso, WA Insurance Sales Agents Salary | $57,420↓ 30% | 62 mi |
| Western Washington nonmetropolitan area Insurance Sales Agents Salary | $60,030↓ 27% | 70 mi |
| Eastern Washington nonmetropolitan area Insurance Sales Agents Salary | $64,710↓ 21% | 70 mi |
Comparing salaries near Olympia-Lacey-Tumwater, WA
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Frequently Asked Questions
How much does a Insurance Sales Agents make in Olympia-Lacey-Tumwater, WA?
The median annual salary for a Insurance Sales Agents in Olympia-Lacey-Tumwater, WA is $82,400. This typically ranges from $37,520 for entry-level positions to $140,280 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Olympia-Lacey-Tumwater, WA is 1.1% higher than the national median of $81,510.
Is Olympia-Lacey-Tumwater, WA a lucrative place for Insurance Sales Agentss?
Yes, it offers a slightly above-average earning potential.The average salary of $82,400 is higher than the national average, and the cost of living is on par with the national average, making it a financially advantageous location.
Is Olympia-Lacey-Tumwater, WA a good place to live for Insurance Sales Agents?
The Cost of Living Index in Olympia-Lacey-Tumwater, WA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Olympia-Lacey-Tumwater, WA?
Some top paying nearby cities include Bremerton-Silverdale-Port Orchard, WA ($55,380) and Seattle-Tacoma-Bellevue, WA.
How does the local workforce size impact job opportunities for Insurance Sales Agents in Olympia-Lacey-Tumwater, WA?
A local workforce of 440 Insurance Sales Agents indicates a established presence in the market, suggesting consistent demand and opportunities for both new and experienced professionals within the region.
What does a Location Quotient of 1.13 mean for Insurance Sales Agents in Olympia-Lacey-Tumwater, WA?
A Location Quotient of 1.13 signifies that Insurance Sales Agents are slightly more concentrated in Olympia-Lacey-Tumwater, WA, compared to the national average, indicating a potentially stronger local industry presence and demand for these roles.
How does the Cost of Living in Olympia-Lacey-Tumwater, WA, affect the value of an Insurance Sales Agent's salary?
With a Cost of Living Index of 100, the national average, the $82,400 salary in Olympia-Lacey-Tumwater, WA, offers purchasing power equivalent to the national average, providing good financial stability.
Are there more Insurance Sales Agent jobs per capita in Olympia-Lacey-Tumwater, WA, than the national average?
Yes, with 3.432 jobs per 1,000 workers, Olympia-Lacey-Tumwater, WA, has a higher rate of Insurance Sales Agent employment compared to the national average, suggesting a favorable job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 440 employees in the Olympia-Lacey-Tumwater, WA area with a job density of 3.432 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 Olympia-Lacey-Tumwater, WA