Average Insurance Sales Agents Salary in Raleigh-Cary, NC
In Raleigh-Cary, NC, Insurance Sales Agents earn an average annual salary of $69,530. This figure is notably below the national average of $81,510, suggesting that while the market is active, compensation may be influenced by regional economic factors or a different competitive landscape compared to other areas.
Executive Summary
- Average Salary: $69,530 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $99,830.
- Outlook: The Raleigh-Cary area supports a local workforce of 2,700 Insurance Sales Agents, with a location quotient of 1.22 indicating a higher concentration of these professionals than the national average. This suggests a robust and established market for insurance sales roles within the region, pointing to consistent demand and opportunities for skilled agents.
Salary Overview
The average Insurance Sales Agents in Raleigh-Cary, NC earns-14.7%below the national average.
$33.4
$1,337
$5,794
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for Raleigh-Cary is not provided, it's reasonable to assume that salaries for Insurance Sales Agents in this dynamic metropolitan area have seen a steady upward trend over the past four years, mirroring national patterns of wage growth driven by inflation, increased demand for financial services, and evolving market conditions.
Insurance Sales Agents Salary Distribution in Raleigh-Cary, NC
The salary trajectory for Insurance Sales Agents in Raleigh-Cary, NC, typically scales significantly with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with a proven track record and specialized knowledge can command salaries well above the average. The percentile gaps in earnings clearly signify the career progression and earning potential available within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $38,980 | $18.7 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $52,148 | $25.1 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $49,510 | $23.8 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $86,913 | $41.8 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $99,830 | $48 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$69,530
Gross Pay
Real Wage (Purchasing Power)
$69,530
Adjusted for COL (100)
With an average salary of $69,530 and a Cost of Living Index of 100 (which is the national average), the nominal income in Raleigh-Cary, NC, directly aligns with the national cost of living. This means that the purchasing power of an Insurance Sales Agent's salary in this area is comparable to the national average, offering a stable financial environment for residents.
Job Market Context
2,700
Total Jobs
3.729
Per 1K Jobs
1.22
Location Quotient
With a location quotient of 1.22, Raleigh-Cary, NC has a slightly higher-than-average concentration of Insurance Sales Agents roles compared to the national norm.
The location quotient of 1.22 for Insurance Sales Agents in Raleigh-Cary, NC, signifies a market that is 22% more concentrated than the national average. This suggests a competitive environment where demand for talent is present, but professionals may face more competition from their peers. It indicates a healthy, albeit potentially crowded, job market for this profession.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Durham-Chapel Hill, NC Insurance Sales Agents Salary | $82,180↑ 18% | 18 mi |
| Rocky Mount, NC Insurance Sales Agents Salary | $75,400↑ 8% | 48 mi |
| Goldsboro, NC Insurance Sales Agents Salary | $68,040↓ 2% | 49 mi |
| Burlington, NC Insurance Sales Agents Salary | $68,500↓ 1% | 49 mi |
| Fayetteville, NC Insurance Sales Agents Salary | $75,520↑ 9% | 55 mi |
Comparing salaries near Raleigh-Cary, NC
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Raleigh-Cary, NC?
The median annual salary for a Insurance Sales Agents in Raleigh-Cary, NC is $69,530. This typically ranges from $38,980 for entry-level positions to $99,830 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Raleigh-Cary, NC is 14.7% lower than the national median of $81,510.
Is Raleigh-Cary, NC a lucrative place for Insurance Sales Agentss?
No, not significantly more lucrative than the national average.While the average salary of $69,530 is respectable, it falls below the national average of $81,510. However, the cost of living is also at the national average, meaning the salary's purchasing power is comparable nationally.
Is Raleigh-Cary, NC a good place to live for Insurance Sales Agents?
The Cost of Living Index in Raleigh-Cary, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Raleigh-Cary, NC?
Some top paying nearby cities include Durham-Chapel Hill, NC ($82,180) and Rocky Mount, NC.
How does the number of Insurance Sales Agents in Raleigh-Cary compare to the national average?
Raleigh-Cary has a higher concentration of Insurance Sales Agents, with a location quotient of 1.22, meaning there are 22% more agents per worker than the national average.
What is the average salary for an Insurance Sales Agent in Raleigh-Cary, NC?
The average annual salary for an Insurance Sales Agent in Raleigh-Cary, NC, is $69,530.
How does the cost of living in Raleigh-Cary affect the salary?
The cost of living in Raleigh-Cary is exactly at the national average (100), meaning the $69,530 salary offers purchasing power equivalent to the national average.
What does a location quotient of 1.22 mean for job seekers?
A location quotient of 1.22 indicates a higher concentration of Insurance Sales Agents in Raleigh-Cary compared to the national average, suggesting a competitive but active job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,700 employees in the Raleigh-Cary, NC area with a job density of 3.729 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 Raleigh-Cary, NC