Average Insurance Sales Agents Salary in Slidell-Mandeville-Covington, LA
In the Slidell-Mandeville-Covington, LA area, Insurance Sales Agents earn an average annual salary of $61,350. This figure is notably below the national average of $81,510, suggesting that local market dynamics and potentially regional demand influence compensation levels for this role. Understanding these local factors is crucial for professionals in the insurance sales sector.
Executive Summary
- Average Salary: $61,350 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $92,040.
- Outlook: The insurance sales agent job market in Slidell-Mandeville-Covington, LA, while not as concentrated as the national average (Location Quotient of 1.35), still represents a significant presence with 410 professionals. The density of 4.098 jobs per 1,000 workers indicates a steady demand within the local economy, suggesting a stable, albeit not rapidly expanding, employment landscape for these agents.
Salary Overview
The average Insurance Sales Agents in Slidell-Mandeville-Covington, LA earns-24.7%below the national average.
$29.5
$1,180
$5,113
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to infer a general trend of salary growth for Insurance Sales Agents in Slidell-Mandeville-Covington, LA over the past four years, mirroring national patterns. Economic shifts and evolving insurance needs likely contribute to incremental increases in compensation, reflecting a dynamic market that adapts to changing consumer and business requirements.
Insurance Sales Agents Salary Distribution in Slidell-Mandeville-Covington, LA
Compensation for Insurance Sales Agents in Slidell-Mandeville-Covington, LA, naturally scales with experience. Entry-level positions typically offer a lower starting salary, while seasoned professionals with a proven track record and specialized knowledge can command significantly higher earnings. The percentile distribution of salaries within this region would further illustrate these progression pathways, highlighting the financial rewards of career advancement and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $31,940 | $15.4 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $46,013 | $22.1 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $51,670 | $24.8 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $76,688 | $36.9 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $92,040 | $44.3 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$61,350
Gross Pay
Real Wage (Purchasing Power)
$61,350
Adjusted for COL (100)
The nominal average salary of $61,350 for Insurance Sales Agents in Slidell-Mandeville-Covington, LA, aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of an agent's salary in this area is equivalent to the national average, making it neither exceptionally affordable nor expensive relative to the rest of the country.
Job Market Context
410
Total Jobs
4.098
Per 1K Jobs
1.35
Location Quotient
With a location quotient of 1.35, Slidell-Mandeville-Covington, LA has a slightly higher-than-average concentration of Insurance Sales Agents roles compared to the national norm.
With a Location Quotient of 1.35, the Slidell-Mandeville-Covington, LA market shows a higher concentration of Insurance Sales Agents compared to the national average. This suggests a robust and potentially competitive job market where demand for these professionals is relatively strong, offering ample opportunities for both new entrants and experienced agents.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| New Orleans-Metairie, LA Insurance Sales Agents Salary | $66,670↑ 9% | 18 mi |
| Hammond, LA Insurance Sales Agents Salary | $55,300↓ 10% | 43 mi |
| Gulfport-Biloxi, MS Insurance Sales Agents Salary | $60,320↓ 2% | 44 mi |
| Houma-Bayou Cane-Thibodaux, LA Insurance Sales Agents Salary | $50,750↓ 17% | 74 mi |
Comparing salaries near Slidell-Mandeville-Covington, LA
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Slidell-Mandeville-Covington, LA?
The median annual salary for a Insurance Sales Agents in Slidell-Mandeville-Covington, LA is $61,350. This typically ranges from $31,940 for entry-level positions to $92,040 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Slidell-Mandeville-Covington, LA is 24.7% lower than the national median of $81,510.
Is Slidell-Mandeville-Covington, LA a lucrative place for Insurance Sales Agentss?
No, not exceptionally lucrative compared to the national average.While the local market has a higher concentration of agents, the average salary of $61,350 is significantly lower than the national average of $81,510.
Is Slidell-Mandeville-Covington, LA a good place to live for Insurance Sales Agents?
The Cost of Living Index in Slidell-Mandeville-Covington, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Slidell-Mandeville-Covington, LA?
Some top paying nearby cities include New Orleans-Metairie, LA ($66,670) and Hammond, LA.
How does the local salary compare to the national average?
The average annual salary for Insurance Sales Agents in Slidell-Mandeville-Covington, LA is $61,350, which is substantially lower than the national average of $81,510.
What is the concentration of Insurance Sales Agents in this area?
The concentration, measured by the Location Quotient, is 1.35, indicating that Insurance Sales Agents are more prevalent in Slidell-Mandeville-Covington, LA than the national average.
How does the cost of living affect the salary?
The Cost of Living Index in Slidell-Mandeville-Covington, LA is 100, which is the national average. Therefore, the $61,350 salary has average purchasing power.
What is the total number of Insurance Sales Agents in the area?
There are approximately 410 Insurance Sales Agents employed in the Slidell-Mandeville-Covington, LA region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 410 employees in the Slidell-Mandeville-Covington, LA area with a job density of 4.098 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 Slidell-Mandeville-Covington, LA