Average Insurance Sales Agents Salary in Rochester, NY
Insurance Sales Agents in Rochester, NY, earn an average annual salary of $82,440, slightly surpassing the national average of $81,510. This marginal advantage in compensation is often influenced by the specific economic drivers and demand within the Rochester metropolitan area for specialized sales professionals.
Executive Summary
- Average Salary: $82,440 per year.
- Growth Trend: Salaries have shifted 22.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $131,460.
- Outlook: With a local workforce of 1,320 Insurance Sales Agents, Rochester presents a stable, albeit not exceptionally concentrated, employment landscape for this profession. The location quotient of 0.89 suggests a presence that is nearly on par with the national average, indicating a consistent demand for these roles without an overwhelming surplus of professionals.
Salary Overview
The average Insurance Sales Agents in Rochester, NY earns+1.1%above the national average.
$39.6
$1,585
$6,870
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the compensation for Insurance Sales Agents in Rochester has seen steady growth over the past four years, mirroring national trends. Factors such as evolving insurance products, increased market complexity, and a general rise in the cost of living likely contribute to upward pressure on salaries.
Insurance Sales Agents Salary Distribution in Rochester, NY
Career progression for Insurance Sales Agents in Rochester typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned agents with established client bases and specialized expertise can command salaries well above the average, with substantial percentile gaps reflecting this advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $31,920 | $15.3 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $61,830 | $29.7 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $64,660 | $31.1 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $103,050 | $49.5 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $131,460 | $63.2 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$82,440
Gross Pay
Real Wage (Purchasing Power)
$82,440
Adjusted for COL (100)
The average annual salary of $82,440 in Rochester, NY, 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 Rochester is equivalent to that of their national counterparts, offering a stable financial standing relative to the local economic environment.
Job Market Context
1,320
Total Jobs
2.699
Per 1K Jobs
0.89
Location Quotient
Rochester, NY has 0.89x 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.
A location quotient of 0.89 indicates that Rochester, NY, has a slightly lower concentration of Insurance Sales Agents compared to the national average. This suggests a competitive market where demand is steady but not exceptionally high, offering opportunities for skilled professionals without being oversaturated.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Buffalo-Cheektowaga, NY Insurance Sales Agents Salary | $100,380↑ 22% | 65 mi |
| Syracuse, NY Insurance Sales Agents Salary | $89,410↑ 8% | 75 mi |
| Ithaca, NY Insurance Sales Agents Salary | $82,010↓ 1% | 75 mi |
| Elmira, NY Insurance Sales Agents Salary | $70,640↓ 14% | 85 mi |
Comparing salaries near Rochester, NY
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Rochester, NY?
The median annual salary for a Insurance Sales Agents in Rochester, NY is $82,440. This typically ranges from $31,920 for entry-level positions to $131,460 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Rochester, NY is 1.1% higher than the national median of $81,510.
Is Rochester, NY a lucrative place for Insurance Sales Agentss?
Yes, Rochester, NY offers competitive compensation for Insurance Sales Agents.The average salary of $82,440 is slightly above the national average, and the cost of living is at the national benchmark, making it a financially stable location for this profession.
Is Rochester, NY a good place to live for Insurance Sales Agents?
The Cost of Living Index in Rochester, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Rochester, NY?
Some top paying nearby cities include Buffalo-Cheektowaga, NY ($100,380) and Syracuse, NY.
How does Rochester's Insurance Sales Agent market compare to the national average?
Rochester's market has a slightly lower concentration of Insurance Sales Agents than the national average, with a location quotient of 0.89, suggesting a steady but not overly saturated job environment.
What is the average number of Insurance Sales Agent jobs per 1,000 workers in Rochester?
There are approximately 2.7 jobs per 1,000 workers for Insurance Sales Agents in Rochester, NY, indicating a consistent presence in the local labor force.
Does experience significantly impact an Insurance Sales Agent's salary in Rochester?
Yes, experience plays a crucial role, with senior agents typically earning substantially more than entry-level professionals due to accumulated expertise and client relationships.
How does the cost of living affect the $82,440 salary in Rochester?
With a cost of living index of 100, the $82,440 salary in Rochester provides purchasing power equivalent to the national average, offering good financial stability.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,320 employees in the Rochester, NY area with a job density of 2.699 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, NY