Average Insurance Sales Agents Salary in Saginaw, MI
The average salary for Insurance Sales Agentss in Saginaw, MI is $65,040. While this is lower than the national average, the cost of living in Saginaw, MI may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $65,040 per year.
- Growth Trend: Salaries have shifted 22.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $107,120.
- Outlook: The current demand for Insurance Sales Agentss is stable, with a local workforce of approximately 180 professionals. This role remains a specialized component of the broader Saginaw, MI economy.
Salary Overview
The average Insurance Sales Agents in Saginaw, MI earns-20.2%below the national average.
$31.3
$1,251
$5,420
Insurance Sales Agents Salary Trends (2020-2024)
Over the past 4 years, Insurance Sales Agents salaries in Saginaw, MI have experienced a rapid surge, growing by 22.8%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Insurance Sales Agents Salary Distribution in Saginaw, MI
The earning potential for Insurance Sales Agentss in Saginaw, MI varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.6x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $29,500, while highly experienced professionals can command wages upwards of $107,120.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $29,500 | $14.2 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $48,780 | $23.5 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $48,320 | $23.2 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $81,300 | $39.1 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $107,120 | $51.5 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$65,040
Gross Pay
Real Wage (Purchasing Power)
$65,040
Adjusted for COL (100)
In Saginaw, MI, the Cost of Living Index is 100. This increases your effective purchasing power from $65,040 to $65,040.
Job Market Context
180
Total Jobs
2.304
Per 1K Jobs
0.76
Location Quotient
Saginaw, MI has 0.76x 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.
180 people work as Insurance Sales Agents in Saginaw, MI.
Moderate density — roughly 2.304 out of every 1,000 local jobs are in this profession.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Bay City, MI Insurance Sales Agents Salary | $56,340↓ 13% | 12 mi |
| Mid Michigan nonmetropolitan area Insurance Sales Agents Salary | $61,050↓ 6% | 30 mi |
| Southern Michigan nonmetropolitan area Insurance Sales Agents Salary | $69,670↑ 7% | 30 mi |
| Northern Michigan nonmetropolitan area Insurance Sales Agents Salary | $67,300↑ 3% | 30 mi |
Comparing salaries near Saginaw, MI
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Saginaw, MI?
The median annual salary for a Insurance Sales Agents in Saginaw, MI is $65,040. This typically ranges from $29,500 for entry-level positions to $107,120 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Saginaw, MI is 20.2% lower than the national median of $81,510.
Is Saginaw, MI a good place for Insurance Sales Agentss?
It depends on your priorities. While the average Insurance Sales Agents salary in Saginaw, MI is $65,040 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Saginaw, MI. See distinct detailed breakdown below.
Is Saginaw, MI a good place to live for Insurance Sales Agents?
The Cost of Living Index in Saginaw, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Saginaw, MI?
Some top paying nearby cities include Bay City, MI ($56,340) and Mid Michigan nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 180 employees in the Saginaw, MI area with a job density of 2.304 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 Saginaw, MI