Average Insurance Sales Agents Salary in South Illinois nonmetropolitan area
Insurance Sales Agents in the South Illinois nonmetropolitan area earn an average annual salary of $60,260. This figure is notably below the national average of $81,510, reflecting regional economic factors and potentially lower demand for insurance products or a different market structure in nonmetropolitan settings. The local compensation is directly influenced by the specific economic landscape and industry concentration within this geographic area.
Executive Summary
- Average Salary: $60,260 per year.
- Growth Trend: Salaries have shifted 9.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $105,450.
- Outlook: The job market for Insurance Sales Agents in South Illinois nonmetropolitan areas appears stable, with a total local workforce of 340 individuals. The Location Quotient of 0.79 suggests a slightly lower concentration of these roles compared to the national average, indicating a moderate level of demand that is not oversaturated. While not a hub for the profession, the consistent presence of these roles points to an ongoing need within the community.
Salary Overview
The average Insurance Sales Agents in South Illinois nonmetropolitan area earns-26.1%below the national average.
$29
$1,159
$5,022
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for the South Illinois nonmetropolitan area is not provided, it is reasonable to assume a general trend of salary growth for Insurance Sales Agents over the past four years, mirroring national patterns. Economic recovery, increased demand for financial products, and inflation typically contribute to upward pressure on wages in most sectors, including insurance sales.
Insurance Sales Agents Salary Distribution in South Illinois nonmetropolitan area
As with most sales roles, experience significantly impacts earning potential for Insurance Sales Agents. Entry-level positions typically offer a base salary with commission opportunities, while seasoned professionals with established client bases and advanced sales skills can command substantially higher incomes. The widening gap between entry-level and senior-level salaries, often seen in percentile data, signifies a clear career progression path and the rewards associated with expertise and performance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $29,120 | $14 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $45,195 | $21.7 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $48,420 | $23.3 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $75,325 | $36.2 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $105,450 | $50.7 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$60,260
Gross Pay
Real Wage (Purchasing Power)
$60,260
Adjusted for COL (100)
The average annual salary of $60,260 in South Illinois nonmetropolitan areas aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of an Insurance Sales Agent's salary in this region is equivalent to the national average, offering a balanced lifestyle in terms of expenses relative to income.
Job Market Context
340
Total Jobs
2.404
Per 1K Jobs
0.79
Location Quotient
South Illinois nonmetropolitan area has 0.79x 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 0.79, the South Illinois nonmetropolitan area has a slightly lower concentration of Insurance Sales Agents than the national average. This suggests that the job market is not overly saturated, potentially offering a good opportunity for skilled agents to establish themselves. However, it also indicates that the demand might be less robust compared to more concentrated metropolitan areas.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Insurance Sales Agents Salary | $102,040↑ 69% | 9 mi |
| Decatur, IL Insurance Sales Agents Salary | $64,390↑ 7% | 34 mi |
| Champaign-Urbana, IL Insurance Sales Agents Salary | $77,060↑ 28% | 41 mi |
| Peoria, IL Insurance Sales Agents Salary | $59,180↓ 2% | 43 mi |
| Springfield, IL Insurance Sales Agents Salary | $66,850↑ 11% | 53 mi |
Comparing salaries near South Illinois nonmetropolitan area
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Frequently Asked Questions
How much does a Insurance Sales Agents make in South Illinois nonmetropolitan area?
The median annual salary for a Insurance Sales Agents in South Illinois nonmetropolitan area is $60,260. This typically ranges from $29,120 for entry-level positions to $105,450 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in South Illinois nonmetropolitan area is 26.1% lower than the national median of $81,510.
Is South Illinois nonmetropolitan area a lucrative place for Insurance Sales Agents?
No, it is not considered a highly lucrative area for Insurance Sales Agents.The average salary of $60,260 is significantly lower than the national average, and the concentration of jobs (LQ of 0.79) is below the national benchmark.
Is South Illinois nonmetropolitan area a good place to live for Insurance Sales Agents?
The Cost of Living Index in South Illinois nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near South Illinois nonmetropolitan area?
Some top paying nearby cities include Bloomington, IL ($102,040) and Decatur, IL.
How does the South Illinois salary compare to the national average?
The average salary for Insurance Sales Agents in South Illinois nonmetropolitan areas is $60,260, which is considerably lower than the national average of $81,510.
What is the job market like for Insurance Sales Agents in this region?
The market has a moderate concentration of Insurance Sales Agents, with a Location Quotient of 0.79, suggesting a stable but not exceptionally high demand for these professionals.
Does the cost of living affect the salary's value?
No, the cost of living in South Illinois nonmetropolitan areas is at the national average (100), meaning the $60,260 salary has the same purchasing power as the national average salary.
How many Insurance Sales Agents are employed in this area?
There are approximately 340 Insurance Sales Agents employed in the South Illinois nonmetropolitan area, representing 2.404 jobs per 1,000 workers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 340 employees in the South Illinois nonmetropolitan area area with a job density of 2.404 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 Illinois nonmetropolitan area