Average Insurance Sales Agents Salary in Scranton--Wilkes-Barre, PA
Insurance Sales Agents in the Scranton--Wilkes-Barre, PA area earn an average annual salary of $69,010. This figure is notably below the national average of $81,510, suggesting that local market dynamics and potentially a different competitive landscape influence compensation in this region. Factors such as the concentration of insurance providers and the overall economic environment of the area likely contribute to this pay differential.
Executive Summary
- Average Salary: $69,010 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $126,450.
- Outlook: The Scranton--Wilkes-Barre area supports a local workforce of 570 Insurance Sales Agents. With a Location Quotient of 0.73, the concentration of these roles is slightly below the national average, indicating a stable but not exceptionally concentrated market. The presence of 2.237 jobs per 1,000 workers suggests a consistent demand for insurance sales professionals, positioning the job market as moderately robust.
Salary Overview
The average Insurance Sales Agents in Scranton--Wilkes-Barre, PA earns-15.3%below the national average.
$33.2
$1,327
$5,751
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for Scranton--Wilkes-Barre is not provided, it is generally assumed that the insurance sales sector, like many others, has experienced steady growth over the past four years. This growth is often driven by evolving market needs, an aging population requiring more insurance products, and the introduction of new insurance technologies and services. Consequently, it is reasonable to infer that average salaries for Insurance Sales Agents in this region have likely seen a positive upward trend, mirroring national patterns.
Insurance Sales Agents Salary Distribution in Scranton--Wilkes-Barre, PA
Career progression for Insurance Sales Agents in Scranton--Wilkes-Barre typically involves a significant salary increase with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with established client bases and specialized knowledge can command higher salaries. The percentile gaps in earnings signify clear opportunities for career advancement, with senior agents often earning substantially more than their junior counterparts.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $34,950 | $16.8 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $51,758 | $24.9 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $48,470 | $23.3 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $86,263 | $41.5 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $126,450 | $60.8 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$69,010
Gross Pay
Real Wage (Purchasing Power)
$69,010
Adjusted for COL (100)
The average annual salary of $69,010 for Insurance Sales Agents in Scranton--Wilkes-Barre aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary holds its purchasing power directly against the national average, offering a balanced financial standing for residents without the added strain of a higher cost of living or the benefit of a significantly lower one.
Job Market Context
570
Total Jobs
2.237
Per 1K Jobs
0.73
Location Quotient
Scranton--Wilkes-Barre, PA has 0.73x 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.
The Location Quotient of 0.73 for Insurance Sales Agents in Scranton--Wilkes-Barre indicates that the concentration of these professionals is slightly lower than the national average. This suggests that while the profession is present and supported by a workforce of 570 individuals, the market may not be saturated, potentially offering good opportunities for skilled agents. It implies a competitive but accessible job market, where demand is steady but not overwhelmingly high.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Binghamton, NY Insurance Sales Agents Salary | $129,150↑ 87% | 50 mi |
| Allentown-Bethlehem-Easton, PA-NJ Insurance Sales Agents Salary | $78,530↑ 14% | 57 mi |
| Southwest New York nonmetropolitan area Insurance Sales Agents Salary | $64,580↓ 6% | 64 mi |
| Central East New York nonmetropolitan area Insurance Sales Agents Salary | $84,500↑ 22% | 64 mi |
| Capital/Northern New York nonmetropolitan area Insurance Sales Agents Salary | $76,170↑ 10% | 64 mi |
Comparing salaries near Scranton--Wilkes-Barre, PA
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Frequently Asked Questions
How much does a Insurance Sales Agents make in Scranton--Wilkes-Barre, PA?
The median annual salary for a Insurance Sales Agents in Scranton--Wilkes-Barre, PA is $69,010. This typically ranges from $34,950 for entry-level positions to $126,450 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Scranton--Wilkes-Barre, PA is 15.3% lower than the national median of $81,510.
Is Scranton--Wilkes-Barre, PA a lucrative place for Insurance Sales Agentss?
No, not exceptionally lucrative compared to the national average.While the average salary of $69,010 is stable relative to the local cost of living, it falls below the national average of $81,510. The slightly lower concentration of agents also suggests a less intensely competitive, but not necessarily higher-paying, market.
Is Scranton--Wilkes-Barre, PA a good place to live for Insurance Sales Agents?
The Cost of Living Index in Scranton--Wilkes-Barre, PA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Scranton--Wilkes-Barre, PA?
Some top paying nearby cities include Binghamton, NY ($129,150) and Allentown-Bethlehem-Easton, PA-NJ.
How does the Scranton--Wilkes-Barre salary compare to the national average?
The average annual salary for Insurance Sales Agents in Scranton--Wilkes-Barre is $69,010, which is lower than the national average of $81,510.
What is the concentration of Insurance Sales Agents in this area?
The Location Quotient for Insurance Sales Agents in Scranton--Wilkes-Barre is 0.73, indicating a slightly lower concentration compared to the national average.
How does the cost of living affect the salary?
The cost of living in Scranton--Wilkes-Barre is at the national average (100), meaning the $69,010 salary has purchasing power equivalent to the national average, despite being a lower nominal figure.
What is the total workforce size for this role locally?
There are approximately 570 Insurance Sales Agents employed in the Scranton--Wilkes-Barre, PA area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 570 employees in the Scranton--Wilkes-Barre, PA area with a job density of 2.237 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 Scranton--Wilkes-Barre, PA