Average Insurance Sales Agents Salary in Racine-Mount Pleasant, WI
Insurance Sales Agents in Racine-Mount Pleasant, WI, earn an average annual salary of $79,320. This figure is slightly below the national average of $81,510, suggesting a localized compensation structure influenced by regional economic factors and the specific demand within the Racine-Mount Pleasant market.
Executive Summary
- Average Salary: $79,320 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $122,330.
- Outlook: With a total local workforce of 230 Insurance Sales Agents, the Racine-Mount Pleasant area demonstrates a stable, albeit modest, presence in this sector. The location quotient of 1 indicates that the concentration of these professionals aligns with the national average, suggesting a consistent demand that supports the existing workforce without significant oversupply or undersupply.
Salary Overview
The average Insurance Sales Agents in Racine-Mount Pleasant, WI earns-2.7%below the national average.
$38.1
$1,525
$6,610
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for Racine-Mount Pleasant is not provided, it is reasonable to assume that salaries for Insurance Sales Agents have experienced gradual growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for insurance products, and the evolving complexity of financial services, leading to a steady upward trajectory in earning potential.
Insurance Sales Agents Salary Distribution in Racine-Mount Pleasant, WI
Career progression for Insurance Sales Agents in Racine-Mount Pleasant is clearly reflected in salary differentials. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with extensive experience and a proven track record can command significantly higher salaries, often reaching into the upper percentiles, signifying substantial career advancement and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $45,020 | $21.6 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $59,490 | $28.6 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $61,510 | $29.6 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $99,150 | $47.7 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $122,330 | $58.8 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$79,320
Gross Pay
Real Wage (Purchasing Power)
$79,320
Adjusted for COL (100)
The average annual salary of $79,320 in Racine-Mount Pleasant aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that the purchasing power of an Insurance Sales Agent's income in this area is equivalent to the national standard, offering a stable financial footing for residents.
Job Market Context
230
Total Jobs
3.046
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Racine-Mount Pleasant, WI has a slightly higher-than-average concentration of Insurance Sales Agents roles compared to the national norm.
A location quotient of 1 for Insurance Sales Agents in Racine-Mount Pleasant signifies that the industry's presence in the region is precisely in line with the national average. This suggests a balanced job market where opportunities are neither exceptionally scarce nor overly saturated, providing a steady environment for both new entrants and experienced professionals.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Kenosha, WI Insurance Sales Agents Salary | $89,070↑ 12% | 10 mi |
| Milwaukee-Waukesha, WI Insurance Sales Agents Salary | $92,340↑ 16% | 25 mi |
| Chicago-Naperville-Elgin, IL-IN Insurance Sales Agents Salary | $105,340↑ 33% | 59 mi |
| Janesville-Beloit, WI Insurance Sales Agents Salary | $81,460↑ 3% | 61 mi |
| Sheboygan, WI Insurance Sales Agents Salary | $76,780↓ 3% | 70 mi |
Comparing salaries near Racine-Mount Pleasant, WI
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Racine-Mount Pleasant, WI?
The median annual salary for a Insurance Sales Agents in Racine-Mount Pleasant, WI is $79,320. This typically ranges from $45,020 for entry-level positions to $122,330 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Racine-Mount Pleasant, WI is 2.7% lower than the national median of $81,510.
Is Racine-Mount Pleasant, WI a lucrative place for Insurance Sales Agentss?
Yes, it offers a competitive salary.The average salary of $79,320 is close to the national average, and with a cost of living index of 100, it provides equivalent purchasing power. The stable market concentration also indicates consistent opportunities.
Is Racine-Mount Pleasant, WI a good place to live for Insurance Sales Agents?
The Cost of Living Index in Racine-Mount Pleasant, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Racine-Mount Pleasant, WI?
Some top paying nearby cities include Kenosha, WI ($89,070) and Milwaukee-Waukesha, WI.
How does the Racine-Mount Pleasant salary compare to the national average?
The average annual salary for Insurance Sales Agents in Racine-Mount Pleasant is $79,320, which is slightly below the national average of $81,510.
What is the concentration of Insurance Sales Agents in Racine-Mount Pleasant?
The location quotient is 1, indicating that the concentration of Insurance Sales Agents in Racine-Mount Pleasant is the same as the national average.
How does the cost of living affect the salary in Racine-Mount Pleasant?
With a cost of living index of 100, the national average, the $79,320 salary in Racine-Mount Pleasant offers purchasing power equivalent to the national standard.
What does the job market look like for Insurance Sales Agents in Racine-Mount Pleasant?
The market is stable with a total workforce of 230, and the location quotient of 1 suggests a balanced demand and supply of professionals in this field.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Racine-Mount Pleasant, WI area with a job density of 3.046 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 Racine-Mount Pleasant, WI