Average Insurance Sales Agents Salary in Rochester, MN
Yes, Rochester, MN is a highly lucrative market for Insurance Sales Agentss. With an average annual salary of $95,610, professionals here earn significantly more than the national norm.
Executive Summary
- Average Salary: $95,610 per year.
- Growth Trend: Salaries have shifted 29.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $149,070.
- Outlook: The current demand for Insurance Sales Agentss is stable, with a local workforce of approximately 150 professionals. This role remains a specialized component of the broader Rochester, MN economy.
Salary Overview
The average Insurance Sales Agents in Rochester, MN earns+17.3%above the national average.
$46
$1,839
$7,968
Insurance Sales Agents Salary Trends (2020-2024)
Over the past 4 years, Insurance Sales Agents salaries in Rochester, MN have experienced a rapid surge, growing by 29.7%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Insurance Sales Agents Salary Distribution in Rochester, MN
The earning potential for Insurance Sales Agentss in Rochester, MN varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.0x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $48,980, while highly experienced professionals can command wages upwards of $149,070.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $48,980 | $23.5 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $71,708 | $34.5 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $80,260 | $38.6 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $119,513 | $57.5 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $149,070 | $71.7 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$95,610
Gross Pay
Real Wage (Purchasing Power)
$95,610
Adjusted for COL (100)
In Rochester, MN, the Cost of Living Index is 100. This increases your effective purchasing power from $95,610 to $95,610.
Job Market Context
150
Total Jobs
1.21
Per 1K Jobs
0.4
Location Quotient
At 0.40x, Rochester, MN has a notably lower concentration of Insurance Sales Agents jobs than the national average. Opportunities in this area are relatively scarce for this profession.
150 people work as Insurance Sales Agents in Rochester, MN.
1.21 out of every 1,000 local jobs are Insurance Sales Agents positions — a typical concentration.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| La Crosse-Onalaska, WI-MN Insurance Sales Agents Salary | $86,530↓ 9% | 64 mi |
| Eau Claire, WI Insurance Sales Agents Salary | $77,180↓ 19% | 74 mi |
| Mankato, MN Insurance Sales Agents Salary | $79,690↓ 17% | 75 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Insurance Sales Agents Salary | $104,910↑ 10% | 77 mi |
Comparing salaries near Rochester, MN
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Rochester, MN?
The median annual salary for a Insurance Sales Agents in Rochester, MN is $95,610. This typically ranges from $48,980 for entry-level positions to $149,070 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Rochester, MN is 17.3% higher than the national median of $81,510.
Is Rochester, MN a good place for Insurance Sales Agentss?
Yes, Rochester, MN is financially attractive for Insurance Sales Agentss. The average salary of $95,610 exceeds the national average. See distinct detailed breakdown below.
Is Rochester, MN a good place to live for Insurance Sales Agents?
The Cost of Living Index in Rochester, MN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Rochester, MN?
Some top paying nearby cities include La Crosse-Onalaska, WI-MN ($86,530) and Eau Claire, WI.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 150 employees in the Rochester, MN area with a job density of 1.21 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 Rochester, MN