Average Insurance Sales Agents Salary in South Central Wisconsin nonmetropolitan area
Insurance Sales Agents in South Central Wisconsin nonmetropolitan area earn an average annual salary of $72,320. This figure is notably below the national average of $81,510, a difference likely influenced by the specific economic dynamics and demand within this nonmetropolitan region. Factors such as local market saturation and the cost of doing business can contribute to this localized pay scale.
Executive Summary
- Average Salary: $72,320 per year.
- Growth Trend: Salaries have shifted 14.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $120,300.
- Outlook: The job market for Insurance Sales Agents in South Central Wisconsin, with a total local workforce of 400, presents a moderate employment landscape. The location quotient of 0.62 indicates a lower concentration of these roles compared to the national average, suggesting that while opportunities exist, the field is not as densely populated as in other regions. The rate of 1.885 jobs per 1,000 workers further contextualizes the availability of positions within this specific geographic area.
Salary Overview
The average Insurance Sales Agents in South Central Wisconsin nonmetropolitan area earns-11.3%below the national average.
$34.8
$1,391
$6,027
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to infer a general trend of salary growth for Insurance Sales Agents over the past four years, mirroring national patterns. Economic recovery, evolving insurance needs, and inflation typically drive upward adjustments in compensation across most sectors, including insurance sales.
Insurance Sales Agents Salary Distribution in South Central Wisconsin nonmetropolitan area
Salary progression for Insurance Sales Agents in South Central Wisconsin, as elsewhere, is typically tied to experience and performance. Entry-level positions will naturally command lower salaries, while seasoned agents with a proven track record and a robust client base can expect significantly higher earnings. The percentile gaps in salary distribution reflect this career trajectory, rewarding expertise and sales success.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $44,150 | $21.2 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $54,240 | $26.1 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $63,070 | $30.3 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $90,400 | $43.5 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $120,300 | $57.8 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$72,320
Gross Pay
Real Wage (Purchasing Power)
$72,320
Adjusted for COL (100)
The average annual salary of $72,320 in South Central Wisconsin 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 this region is comparable to the national standard, offering a stable financial footing without the premium often associated with higher cost-of-living areas.
Job Market Context
400
Total Jobs
1.885
Per 1K Jobs
0.62
Location Quotient
South Central Wisconsin nonmetropolitan area has 0.62x 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.
With a location quotient of 0.62, South Central Wisconsin nonmetropolitan area has a lower concentration of Insurance Sales Agents relative to the national average. This suggests that the market may be less saturated, potentially offering more opportunities for new entrants or those looking to establish themselves. However, it also implies a smaller overall demand compared to more concentrated metropolitan areas.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Wausau, WI Insurance Sales Agents Salary | $70,300↓ 3% | 48 mi |
| Oshkosh-Neenah, WI Insurance Sales Agents Salary | $96,490↑ 33% | 55 mi |
| Appleton, WI Insurance Sales Agents Salary | $79,890↑ 10% | 61 mi |
| Fond du Lac, WI Insurance Sales Agents Salary | $110,650↑ 53% | 68 mi |
| Green Bay, WI Insurance Sales Agents Salary | $95,570↑ 32% | 82 mi |
Comparing salaries near South Central Wisconsin nonmetropolitan area
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in South Central Wisconsin nonmetropolitan area?
The median annual salary for a Insurance Sales Agents in South Central Wisconsin nonmetropolitan area is $72,320. This typically ranges from $44,150 for entry-level positions to $120,300 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in South Central Wisconsin nonmetropolitan area is 11.3% lower than the national median of $81,510.
Is South Central Wisconsin nonmetropolitan area a lucrative place for Insurance Sales Agentss?
No, not exceptionally lucrative compared to the national average.The average salary of $72,320 is below the national average of $81,510, although the cost of living is on par with the national average. This indicates that while the cost of living is manageable, the earning potential is somewhat diminished compared to other regions.
Is South Central Wisconsin nonmetropolitan area a good place to live for Insurance Sales Agents?
The Cost of Living Index in South Central Wisconsin nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near South Central Wisconsin nonmetropolitan area?
Some top paying nearby cities include Wausau, WI ($70,300) and Oshkosh-Neenah, WI.
How does the local workforce size affect job prospects?
A local workforce of 400 Insurance Sales Agents suggests a smaller, more niche market. While this might mean less competition, it could also indicate a more limited number of available positions compared to larger metropolitan areas.
What does a Location Quotient of 0.62 signify?
A Location Quotient of 0.62 means that Insurance Sales Agents are less concentrated in South Central Wisconsin nonmetropolitan area than the national average. This could imply fewer job openings but potentially less competition for those roles.
How does the Cost of Living Index impact salary perception?
With a Cost of Living Index of 100, the $72,320 salary has the same purchasing power as the national average. This means that while the nominal salary is lower than the national average, the local expenses are also average, making the effective value of the salary comparable.
What is the job density for Insurance Sales Agents in this area?
There are approximately 1.885 jobs per 1,000 workers for Insurance Sales Agents in South Central Wisconsin nonmetropolitan area, indicating a moderate presence within the overall employment landscape of the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 400 employees in the South Central Wisconsin nonmetropolitan area area with a job density of 1.885 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 South Central Wisconsin nonmetropolitan area