Average Insurance Sales Agents Salary in Providence-Warwick, RI-MA
Insurance Sales Agents in the Providence-Warwick, RI-MA area earn an impressive average annual salary of $85,450, surpassing the national average of $81,510. This localized premium is often a reflection of the region's specific economic drivers and the demand for specialized financial services within the community.
Executive Summary
- Average Salary: $85,450 per year.
- Growth Trend: Salaries have shifted 9.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $136,300.
- Outlook: With a local workforce of 2,010 Insurance Sales Agents and a Location Quotient of 0.93, the Providence-Warwick market demonstrates a stable, albeit slightly below national average, concentration of these professionals. This suggests a consistent demand for insurance sales expertise, indicating a robust job market for those entering or established in the field.
Salary Overview
The average Insurance Sales Agents in Providence-Warwick, RI-MA earns+4.8%above the national average.
$41.1
$1,643
$7,121
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 Providence-Warwick have experienced growth over the past four years, mirroring national trends. Factors such as inflation, evolving insurance products, and increased demand for financial planning likely contribute to a positive salary trajectory for professionals in this role.
Insurance Sales Agents Salary Distribution in Providence-Warwick, RI-MA
The salary for an Insurance Sales Agent in Providence-Warwick, RI-MA, naturally scales with experience. Entry-level positions typically fall within the lower percentiles, while seasoned professionals with a proven track record and extensive client networks command salaries in the upper percentiles. These percentile gaps clearly signify the career progression and earning potential available through dedication and skill development.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $44,470 | $21.4 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $64,088 | $30.8 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $73,020 | $35.1 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $106,813 | $51.4 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $136,300 | $65.5 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$85,450
Gross Pay
Real Wage (Purchasing Power)
$85,450
Adjusted for COL (100)
An average annual salary of $85,450 in Providence-Warwick, RI-MA, aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of an Insurance Sales Agent's income in this region is equivalent to that of their national counterparts, offering a stable financial foundation without the added pressure of higher living expenses.
Job Market Context
2,010
Total Jobs
2.844
Per 1K Jobs
0.93
Location Quotient
Providence-Warwick, RI-MA has 0.93x 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 0.93 for Insurance Sales Agents in Providence-Warwick indicates a job market that is nearly on par with the national average in terms of professional concentration. While not over-saturated, the market is sufficiently populated to suggest a healthy level of competition and opportunity for skilled agents.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Massachusetts nonmetropolitan area Insurance Sales Agents Salary | $118,090↑ 38% | 29 mi |
| Worcester, MA Insurance Sales Agents Salary | $94,790↑ 11% | 37 mi |
| Boston-Cambridge-Newton, MA-NH Insurance Sales Agents Salary | $101,760↑ 19% | 38 mi |
| Norwich-New London-Willimantic, CT Insurance Sales Agents Salary | $114,600↑ 34% | 39 mi |
| Barnstable Town, MA Insurance Sales Agents Salary | $106,420↑ 25% | 58 mi |
Comparing salaries near Providence-Warwick, RI-MA
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Providence-Warwick, RI-MA?
The median annual salary for a Insurance Sales Agents in Providence-Warwick, RI-MA is $85,450. This typically ranges from $44,470 for entry-level positions to $136,300 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Providence-Warwick, RI-MA is 4.8% higher than the national median of $81,510.
Is Providence-Warwick, RI-MA a lucrative place for Insurance Sales Agentss?
Yes, it is a lucrative place for Insurance Sales Agents.The average salary of $85,450 significantly exceeds the national average, and the cost of living is right at the national benchmark, making it financially advantageous.
Is Providence-Warwick, RI-MA a good place to live for Insurance Sales Agents?
The Cost of Living Index in Providence-Warwick, RI-MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Providence-Warwick, RI-MA?
Some top paying nearby cities include Massachusetts nonmetropolitan area ($118,090) and Worcester, MA.
How does the Providence-Warwick salary compare to the national average?
Insurance Sales Agents in Providence-Warwick earn an average of $85,450 annually, which is higher than the national average of $81,510.
What is the concentration of Insurance Sales Agents in Providence-Warwick?
The concentration, measured by the Location Quotient, is 0.93, indicating that the presence of Insurance Sales Agents in this area is slightly below the national average.
How does the cost of living affect the salary in Providence-Warwick?
The cost of living in Providence-Warwick is 100, which is the national average. This means the $85,450 salary has the same purchasing power as the national average salary.
What is the total number of Insurance Sales Agents in Providence-Warwick?
There are approximately 2,010 Insurance Sales Agents employed in the Providence-Warwick, RI-MA area.
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 Providence-Warwick, RI-MA area with a job density of 2.844 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 Providence-Warwick, RI-MA