Average Insurance Sales Agents Salary in Punta Gorda, FL
Insurance Sales Agents in Punta Gorda, FL, earn an average annual salary of $70,460. This figure is notably below the national average of $81,510, suggesting that local market dynamics, such as demand and the concentration of agencies, play a significant role in compensation levels within this Florida city.
Executive Summary
- Average Salary: $70,460 per year.
- Growth Trend: Salaries have shifted 72.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $100,420.
- Outlook: With a total local workforce of 240 Insurance Sales Agents, Punta Gorda presents a moderately sized, yet concentrated, job market. The Location Quotient of 1.38 indicates a higher-than-average presence of these professionals relative to the national distribution, suggesting a stable demand for their services within the region.
Salary Overview
The average Insurance Sales Agents in Punta Gorda, FL earns-13.6%below the national average.
$33.9
$1,355
$5,872
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for Punta Gorda is not provided, it is reasonable to assume that the salary landscape for Insurance Sales Agents has seen growth over the past four years, mirroring national trends. Economic factors and evolving insurance needs likely contribute to a steady upward trajectory in earning potential for dedicated professionals in this field.
Insurance Sales Agents Salary Distribution in Punta Gorda, FL
Career progression for Insurance Sales Agents in Punta Gorda typically correlates with experience. Entry-level positions may start closer to the lower end of the salary spectrum, while seasoned agents with a proven track record and extensive client portfolios can command significantly higher earnings, often reflected in the upper salary percentiles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $35,930 | $17.3 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $52,845 | $25.4 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $57,320 | $27.6 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $88,075 | $42.3 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $100,420 | $48.3 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$70,460
Gross Pay
Real Wage (Purchasing Power)
$70,460
Adjusted for COL (100)
The average annual salary of $70,460 in Punta Gorda, FL, aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of an Insurance Sales Agent's income in Punta Gorda is equivalent to the national average, offering a stable financial environment for residents.
Job Market Context
240
Total Jobs
4.199
Per 1K Jobs
1.38
Location Quotient
With a location quotient of 1.38, Punta Gorda, FL has a slightly higher-than-average concentration of Insurance Sales Agents roles compared to the national norm.
A Location Quotient of 1.38 signifies that Insurance Sales Agents are more concentrated in Punta Gorda, FL, than the national average. This suggests a robust local market with a higher density of opportunities and potentially more competition, but also indicates a strong demand for specialized insurance services within the community.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| North Port-Bradenton-Sarasota, FL Insurance Sales Agents Salary | $76,510↑ 9% | 14 mi |
| Naples-Marco Island, FL Insurance Sales Agents Salary | $111,930↑ 59% | 54 mi |
| Sebring, FL Insurance Sales Agents Salary | $80,680↑ 15% | 55 mi |
| North Florida nonmetropolitan area Insurance Sales Agents Salary | $76,580↑ 9% | 64 mi |
Comparing salaries near Punta Gorda, FL
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Punta Gorda, FL?
The median annual salary for a Insurance Sales Agents in Punta Gorda, FL is $70,460. This typically ranges from $35,930 for entry-level positions to $100,420 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Punta Gorda, FL is 13.6% lower than the national median of $81,510.
Is Punta Gorda, FL a lucrative place for Insurance Sales Agents?
No, not significantly above the national average.While the average salary of $70,460 is respectable, it falls below the national average of $81,510. However, the cost of living is on par with the national average, making the nominal salary's purchasing power neutral.
Is Punta Gorda, FL a good place to live for Insurance Sales Agents?
The Cost of Living Index in Punta Gorda, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Punta Gorda, FL?
Some top paying nearby cities include North Port-Bradenton-Sarasota, FL ($76,510) and Naples-Marco Island, FL.
How does the Punta Gorda salary compare to the national average?
The average salary for Insurance Sales Agents in Punta Gorda, FL, is $70,460, which is lower than the national average of $81,510.
What is the cost of living in Punta Gorda, FL for Insurance Sales Agents?
The cost of living in Punta Gorda, FL, is exactly at the national average, with an index of 100, meaning your salary has average purchasing power.
Is there high demand for Insurance Sales Agents in Punta Gorda, FL?
The Location Quotient of 1.38 suggests a higher concentration of Insurance Sales Agents than the national average, indicating a healthy and potentially competitive local demand for these professionals.
How many Insurance Sales Agents are there in Punta Gorda, FL?
There are approximately 240 Insurance Sales Agents employed in Punta Gorda, FL, representing 4.199 jobs per 1,000 workers in the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Punta Gorda, FL area with a job density of 4.199 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 Punta Gorda, FL