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Average Insurance Sales Agents Salary in Pennsylvania

Insurance Sales Agents in Pennsylvania earn an impressive average annual salary of $86,360, surpassing the national average of $81,510. This elevated compensation is likely influenced by a combination of factors specific to the state's economic landscape and insurance market dynamics, reflecting the value placed on these professionals within Pennsylvania.

Executive Summary

  • Average Salary: $86,360 per year.
  • Growth Trend: Salaries have shifted 30.0% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $156,240.
  • Outlook: With a total local workforce of 17,600 Insurance Sales Agents, Pennsylvania demonstrates a significant presence in this sector. The location quotient of 0.96 suggests that the concentration of these roles is nearly on par with the national average, indicating a stable and consistent demand for insurance professionals across the state.
2024 Market Data

Salary Overview

$86,360

The average Insurance Sales Agents in Pennsylvania earns+6.0%above the national average.

BreakdownBased on 40h/week
Hourly

$41.5

Weekly

$1,661

Monthly

$7,197

Insurance Sales Agents Salary Distribution in Pennsylvania

Career progression for Insurance Sales Agents in Pennsylvania typically involves a significant salary increase with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with a proven track record and extensive client portfolios can command salaries in the higher percentiles, reflecting their expertise and value to employers.

Experience LevelMarket PercentileAnnual WageHourly Rate
SDR / BDRLead generation, prospecting, cold calling.10% (Entry)$37,760$18.2
Account ExecutiveClosing deals, managing small-mid market clients.25% (Junior)$64,770$31.1
Senior AEHandling enterprise clients and complex negotiations.50% (Median)$62,230$29.9
Sales ManagerManaging a team of reps, setting quotas & strategy.75% (Senior)$107,950$51.9
VP of SalesRevenue strategy, expansion, C-suite relationships.90% (Expert)$156,240$75.1

Detailed Insurance Sales Agents Market Analysis

Relocation Context

Nominal Salary

$86,360

Gross Pay

Real Wage (Purchasing Power)

$87,232

Adjusted for COL (99)

The average annual salary of $86,360 in Pennsylvania aligns favorably with the state's Cost of Living Index of 99, which is precisely at the national average. This means that the purchasing power of an Insurance Sales Agent's salary in Pennsylvania is strong, allowing for a comfortable standard of living comparable to the national benchmark.

Job Market Context

17,600

Total Jobs

2.927

Per 1K Jobs

0.96

Location Quotient

Below Average

Pennsylvania has 0.96x 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.

The Location Quotient of 0.96 for Insurance Sales Agents in Pennsylvania indicates a job market that is closely aligned with the national average in terms of concentration. This suggests a healthy and competitive environment where opportunities are readily available, but also where agents must remain competitive to secure and retain their positions.

Nearby Job Markets

Nearby Cities for Insurance Sales Agents

CitySalaryDist.
Williamsport, PA Insurance Sales Agents Salary$66,470↓ 23%9 mi
State College, PA Insurance Sales Agents Salary$77,280↓ 11%45 mi
Elmira, NY Insurance Sales Agents Salary$70,640↓ 18%65 mi
Harrisburg-Carlisle, PA Insurance Sales Agents Salary$74,650↓ 14%66 mi
Lebanon, PA Insurance Sales Agents Salary$66,340↓ 23%72 mi

Comparing salaries near Pennsylvania

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Frequently Asked Questions

How much does a Insurance Sales Agents make in Pennsylvania?

The median annual salary for a Insurance Sales Agents in Pennsylvania is $86,360. This typically ranges from $37,760 for entry-level positions to $156,240 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Pennsylvania is 6.0% higher than the national median of $81,510.

Is Pennsylvania a lucrative place for Insurance Sales Agentss?

Yes, Pennsylvania offers a lucrative environment for Insurance Sales Agents.The average salary of $86,360 significantly exceeds the national average, and the cost of living is right at the national average, enhancing the real value of earnings.

Is Pennsylvania a good place to live for Insurance Sales Agents?

With a Cost of Living Index of 99 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Pennsylvania?

Some top paying nearby cities include Williamsport, PA ($66,470) and State College, PA.

How does Pennsylvania's average salary compare to the national average?

Insurance Sales Agents in Pennsylvania earn an average of $86,360 annually, which is higher than the national average of $81,510.

What is the cost of living like for Insurance Sales Agents in Pennsylvania?

Pennsylvania's Cost of Living Index is 99, meaning it is at the national average, making the $86,360 salary quite competitive in terms of purchasing power.

How concentrated is the Insurance Sales Agent job market in Pennsylvania?

The job market is nearly as concentrated as the national average, with a Location Quotient of 0.96, indicating a stable demand for these professionals.

What is the total number of Insurance Sales Agents in Pennsylvania?

There are approximately 17,600 Insurance Sales Agents employed in Pennsylvania.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 17,600 employees in the Pennsylvania area with a job density of 2.927 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Insurance Sales Agents • Data source: BLS OEWS 2024 •Jobs in Pennsylvania