Average Insurance Sales Agents Salary in Salem, OR
Insurance Sales Agents in Salem, OR, command an impressive average annual salary of $95,950, significantly outpacing the national average of $81,510. This elevated compensation in Salem is likely influenced by a combination of local market dynamics and the specific demand for insurance expertise within the region.
Executive Summary
- Average Salary: $95,950 per year.
- Growth Trend: Salaries have shifted 67.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $164,360.
- Outlook: Salem, OR, hosts a concentrated workforce of 220 Insurance Sales Agents. While the Location Quotient of 0.39 suggests a lower concentration compared to the national average, the presence of this workforce indicates a stable, albeit specialized, demand for these professionals within the local economy.
Salary Overview
The average Insurance Sales Agents in Salem, OR earns+17.7%above the national average.
$46.1
$1,845
$7,996
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Insurance Sales Agents in Salem, OR, have experienced consistent growth over the past four years, mirroring national trends of increasing compensation driven by inflation, evolving market demands, and the increasing complexity of insurance products.
Insurance Sales Agents Salary Distribution in Salem, OR
Career progression for Insurance Sales Agents in Salem, OR, is typically marked by a significant salary increase with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with established client bases and specialized knowledge can command salaries well into the upper percentiles, reflecting their value and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $47,810 | $23 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $71,963 | $34.6 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $71,990 | $34.6 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $119,938 | $57.7 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $164,360 | $79 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$95,950
Gross Pay
Real Wage (Purchasing Power)
$95,950
Adjusted for COL (100)
The average annual salary of $95,950 in Salem, OR, is particularly attractive given the local Cost of Living Index is exactly at the national average of 100. This means that the purchasing power of an Insurance Sales Agent's salary in Salem is equivalent to the national average, allowing for a comfortable standard of living without the premium often associated with higher-paying cities.
Job Market Context
220
Total Jobs
1.174
Per 1K Jobs
0.39
Location Quotient
At 0.39x, Salem, OR has a notably lower concentration of Insurance Sales Agents jobs than the national average. Opportunities in this area are relatively scarce for this profession.
With a Location Quotient of 0.39, the job market for Insurance Sales Agents in Salem, OR, is less concentrated than the national average. This suggests that while the demand exists, the supply of agents may be proportionally lower, potentially creating a more favorable environment for skilled professionals seeking opportunities and competitive compensation.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Albany, OR Insurance Sales Agents Salary | $64,890↓ 32% | 21 mi |
| Corvallis, OR Insurance Sales Agents Salary | $59,400↓ 38% | 27 mi |
| Portland-Vancouver-Hillsboro, OR-WA Insurance Sales Agents Salary | $77,280↓ 19% | 44 mi |
| Coast Oregon nonmetropolitan area Insurance Sales Agents Salary | $58,770↓ 39% | 53 mi |
| Eastern Oregon nonmetropolitan area Insurance Sales Agents Salary | $72,230↓ 25% | 53 mi |
Comparing salaries near Salem, OR
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Salem, OR?
The median annual salary for a Insurance Sales Agents in Salem, OR is $95,950. This typically ranges from $47,810 for entry-level positions to $164,360 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Salem, OR is 17.7% higher than the national median of $81,510.
Is Salem, OR a lucrative place for Insurance Sales Agentss?
Yes, Salem, OR is a lucrative location for Insurance Sales Agents.The average salary of $95,950 significantly exceeds the national average, and the cost of living is on par with the national average, enhancing the real value of earnings.
Is Salem, OR a good place to live for Insurance Sales Agents?
The Cost of Living Index in Salem, OR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Salem, OR?
Some top paying nearby cities include Albany, OR ($64,890) and Corvallis, OR.
How does Salem's salary compare to the national average for Insurance Sales Agents?
Insurance Sales Agents in Salem, OR, earn an average of $95,950 annually, which is notably higher than the national average of $81,510.
What is the concentration of Insurance Sales Agents in Salem, OR?
The concentration, measured by the Location Quotient, is 0.39, indicating that Insurance Sales Agents are less concentrated in Salem compared to the national average.
How does the cost of living in Salem affect the salary?
Salem's Cost of Living Index is 100, matching the national average. This means the higher salary of $95,950 provides purchasing power equivalent to the national average, making it a financially sound location.
What does the total local workforce number imply for job seekers?
With 220 Insurance Sales Agents in Salem, job seekers will find a defined market; while not saturated, it indicates a consistent need for these professionals within the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Salem, OR area with a job density of 1.174 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 Salem, OR