Average Insurance Sales Agents Salary in Oxnard-Thousand Oaks-Ventura, CA
In the Oxnard-Thousand Oaks-Ventura, CA area, Insurance Sales Agents earn an average annual salary of $78,770. This figure is slightly below the national average of $81,510, suggesting that while the demand for insurance professionals is present, local market dynamics and potentially other factors contribute to this compensation level.
Executive Summary
- Average Salary: $78,770 per year.
- Growth Trend: Salaries have shifted 0.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $168,030.
- Outlook: The local workforce for Insurance Sales Agents in Oxnard-Thousand Oaks-Ventura, CA comprises approximately 810 professionals. With a Location Quotient of 0.84, the concentration of these roles is slightly below the national average, indicating a stable but not exceptionally concentrated job market. The presence of 2.544 jobs per 1,000 workers suggests a consistent, albeit moderate, demand for insurance sales expertise within the region.
Salary Overview
The average Insurance Sales Agents in Oxnard-Thousand Oaks-Ventura, CA earns-3.4%below the national average.
$37.9
$1,515
$6,564
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 Oxnard-Thousand Oaks-Ventura, CA have experienced growth over the past four years, mirroring national trends. Factors such as inflation, evolving insurance products, and increased demand for financial planning services likely contribute to upward pressure on compensation for skilled agents.
Insurance Sales Agents Salary Distribution in Oxnard-Thousand Oaks-Ventura, CA
Career progression for Insurance Sales Agents in Oxnard-Thousand Oaks-Ventura, CA typically involves a significant salary increase 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 to the higher percentiles. The widening gap between entry-level and senior roles 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) | $37,470 | $18 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $59,078 | $28.4 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $48,440 | $23.3 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $98,463 | $47.3 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $168,030 | $80.8 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$78,770
Gross Pay
Real Wage (Purchasing Power)
$78,770
Adjusted for COL (100)
The average annual salary of $78,770 in Oxnard-Thousand Oaks-Ventura, CA aligns precisely 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 comparable to the national standard, offering a balanced lifestyle without significant financial strain due to living expenses.
Job Market Context
810
Total Jobs
2.544
Per 1K Jobs
0.84
Location Quotient
Oxnard-Thousand Oaks-Ventura, CA has 0.84x 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 0.84, the Oxnard-Thousand Oaks-Ventura, CA market for Insurance Sales Agents is slightly less concentrated than the national average. This suggests that while the profession is established, there isn't an overabundance of agents relative to other occupations. This could translate to a competitive environment where skilled and motivated agents have good opportunities to establish themselves and grow their client base.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA Insurance Sales Agents Salary | $90,870↑ 15% | 55 mi |
| Bakersfield-Delano, CA Insurance Sales Agents Salary | $67,850↓ 14% | 80 mi |
| Santa Maria-Santa Barbara, CA Insurance Sales Agents Salary | $103,710↑ 32% | 88 mi |
Comparing salaries near Oxnard-Thousand Oaks-Ventura, CA
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Frequently Asked Questions
How much does a Insurance Sales Agents make in Oxnard-Thousand Oaks-Ventura, CA?
The median annual salary for a Insurance Sales Agents in Oxnard-Thousand Oaks-Ventura, CA is $78,770. This typically ranges from $37,470 for entry-level positions to $168,030 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Oxnard-Thousand Oaks-Ventura, CA is 3.4% lower than the national median of $81,510.
Is Oxnard-Thousand Oaks-Ventura, CA a lucrative place for Insurance Sales Agentss?
Moderately lucrative, with compensation aligning with the national cost of living.The average salary of $78,770 is slightly below the national average, but the Cost of Living Index of 100 indicates that this salary offers comparable purchasing power to the national average.
Is Oxnard-Thousand Oaks-Ventura, CA a good place to live for Insurance Sales Agents?
The Cost of Living Index in Oxnard-Thousand Oaks-Ventura, CA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Oxnard-Thousand Oaks-Ventura, CA?
Some top paying nearby cities include Los Angeles-Long Beach-Anaheim, CA ($90,870) and Bakersfield-Delano, CA.
How does the Oxnard-Thousand Oaks-Ventura, CA salary compare to the national average?
The average annual salary for Insurance Sales Agents in Oxnard-Thousand Oaks-Ventura, CA is $78,770, which is slightly lower than the national average of $81,510.
What is the concentration of Insurance Sales Agents in this region?
The Location Quotient for Insurance Sales Agents in Oxnard-Thousand Oaks-Ventura, CA is 0.84, indicating a slightly lower concentration compared to the national average.
How does the cost of living affect the salary in Oxnard-Thousand Oaks-Ventura, CA?
The Cost of Living Index in Oxnard-Thousand Oaks-Ventura, CA is 100, which is the national average. This means the $78,770 salary has purchasing power equivalent to the national average.
What is the total number of Insurance Sales Agents in the Oxnard-Thousand Oaks-Ventura, CA area?
There are approximately 810 Insurance Sales Agents working in the Oxnard-Thousand Oaks-Ventura, CA region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 810 employees in the Oxnard-Thousand Oaks-Ventura, CA area with a job density of 2.544 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 Oxnard-Thousand Oaks-Ventura, CA