Average Insurance Sales Agents Salary in Southeast Alabama nonmetropolitan area
Insurance Sales Agents in the Southeast Alabama nonmetropolitan area earn an average annual salary of $77,390. This figure is slightly below the national average of $81,510, reflecting regional economic factors and the specific demand within this nonmetropolitan setting. The local market dynamics, including workforce size and industry concentration, play a significant role in shaping compensation for these professionals.
Executive Summary
- Average Salary: $77,390 per year.
- Growth Trend: Salaries have shifted 19.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $107,500.
- Outlook: With a total local workforce of 230 Insurance Sales Agents, the job market in Southeast Alabama nonmetropolitan area presents a stable, albeit niche, opportunity. The location quotient of 0.92 indicates a concentration of these roles that is very close to the national average, suggesting a consistent demand that aligns with broader industry trends. The presence of nearly 3 jobs per 1,000 workers further underscores the steady employment landscape for this profession in the region.
Salary Overview
The average Insurance Sales Agents in Southeast Alabama nonmetropolitan area earns-5.1%below the national average.
$37.2
$1,488
$6,449
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for this precise region is not provided, it is reasonable to assume that salaries for Insurance Sales Agents in Southeast Alabama nonmetropolitan area have experienced gradual growth over the past four years, mirroring national trends. Economic recovery, evolving insurance needs, and inflation typically drive modest annual increases in compensation for sales roles, ensuring that agents can maintain their earning potential.
Insurance Sales Agents Salary Distribution in Southeast Alabama nonmetropolitan area
The career trajectory for Insurance Sales Agents in Southeast Alabama nonmetropolitan area typically involves significant salary growth with experience. Entry-level positions may start at a lower percentile, but as agents build client bases, develop expertise, and achieve sales targets, their earnings can ascend to higher percentiles. This progression is often marked by increased commission potential and bonuses, reflecting a substantial reward for accumulated skill and client relationships.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $28,800 | $13.8 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $58,043 | $27.9 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $84,830 | $40.8 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $96,738 | $46.5 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $107,500 | $51.7 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$77,390
Gross Pay
Real Wage (Purchasing Power)
$77,390
Adjusted for COL (100)
The nominal average salary of $77,390 in Southeast Alabama nonmetropolitan area is directly comparable to 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 effectively on par with the national average. Residents can expect their income to cover essential expenses and discretionary spending at a rate consistent with the rest of the country, making it a financially stable location.
Job Market Context
230
Total Jobs
2.788
Per 1K Jobs
0.92
Location Quotient
Southeast Alabama nonmetropolitan area has 0.92x 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.
A location quotient of 0.92 for Insurance Sales Agents in Southeast Alabama nonmetropolitan area suggests a job market that is nearly as concentrated as the national average. This indicates a healthy and competitive environment where the number of agents is proportionate to the general workforce. While not an area of exceptionally high concentration, it signifies a stable demand and a well-established presence for insurance sales professionals.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Montgomery, AL Insurance Sales Agents Salary | $92,480↑ 19% | 44 mi |
| Birmingham, AL Insurance Sales Agents Salary | $98,570↑ 27% | 50 mi |
| Tuscaloosa, AL Insurance Sales Agents Salary | $93,480↑ 21% | 52 mi |
| Auburn-Opelika, AL Insurance Sales Agents Salary | $72,940↓ 6% | 77 mi |
| Anniston-Oxford, AL Insurance Sales Agents Salary | $89,740↑ 16% | 82 mi |
Comparing salaries near Southeast Alabama nonmetropolitan area
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Southeast Alabama nonmetropolitan area?
The median annual salary for a Insurance Sales Agents in Southeast Alabama nonmetropolitan area is $77,390. This typically ranges from $28,800 for entry-level positions to $107,500 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southeast Alabama nonmetropolitan area is 5.1% lower than the national median of $81,510.
Is Southeast Alabama nonmetropolitan area a lucrative place for Insurance Sales Agentss?
Yes, it offers competitive earnings relative to the cost of living.The average salary of $77,390 is strong when considering the national average cost of living index of 100. This indicates good purchasing power for Insurance Sales Agents in the region.
Is Southeast Alabama nonmetropolitan area a good place to live for Insurance Sales Agents?
The Cost of Living Index in Southeast Alabama nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southeast Alabama nonmetropolitan area?
Some top paying nearby cities include Montgomery, AL ($92,480) and Birmingham, AL.
How does the salary compare to the national average?
The average annual salary for Insurance Sales Agents in Southeast Alabama nonmetropolitan area is $77,390, which is slightly lower than the national average of $81,510.
What is the concentration of Insurance Sales Agents in this area?
The location quotient is 0.92, meaning the concentration of Insurance Sales Agents is very close to the national average, indicating a balanced market.
How does the cost of living affect the salary?
With a cost of living index of 100, the $77,390 salary offers purchasing power equivalent to the national average, making it a stable financial environment.
What is the total number of Insurance Sales Agents in this region?
There are approximately 230 Insurance Sales Agents employed in the Southeast Alabama nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Southeast Alabama nonmetropolitan area area with a job density of 2.788 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 Southeast Alabama nonmetropolitan area