Average Insurance Sales Agents Salary in Southeast Oklahoma nonmetropolitan area
Insurance Sales Agents in the Southeast Oklahoma nonmetropolitan area earn an average annual salary of $63,220. This figure is notably below the national average of $81,510, reflecting regional economic factors and potentially a different market dynamic for insurance professionals in this specific locale. The lower average salary is often influenced by the cost of doing business and the overall economic output of nonmetropolitan regions.
Executive Summary
- Average Salary: $63,220 per year.
- Growth Trend: Salaries have shifted 30.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $98,620.
- Outlook: With a local workforce of 330 Insurance Sales Agents, the job market in Southeast Oklahoma presents a modest but stable environment. The Location Quotient of 0.59 indicates a lower concentration of these roles compared to the national average, suggesting that while opportunities exist, the field is not oversaturated. The rate of 1.792 jobs per 1,000 workers further underscores a consistent, albeit not booming, demand for insurance sales expertise in the region.
Salary Overview
The average Insurance Sales Agents in Southeast Oklahoma nonmetropolitan area earns-22.4%below the national average.
$30.4
$1,216
$5,268
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it's reasonable to assume that salaries for Insurance Sales Agents in Southeast Oklahoma 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 professionals across various regions.
Insurance Sales Agents Salary Distribution in Southeast Oklahoma nonmetropolitan area
Salary progression for Insurance Sales Agents in Southeast Oklahoma typically correlates with experience and performance. Entry-level positions may start closer to the lower end of the pay scale, while seasoned agents with established client bases and proven sales records can command significantly higher earnings. The percentile gaps in salary distribution highlight the substantial earning potential for senior agents who have honed their skills and built strong professional networks.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $28,750 | $13.8 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $47,415 | $22.8 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $42,370 | $20.4 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $79,025 | $38 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $98,620 | $47.4 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$63,220
Gross Pay
Real Wage (Purchasing Power)
$63,220
Adjusted for COL (100)
The average annual salary of $63,220 in Southeast Oklahoma aligns precisely with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of an Insurance Sales Agent's income in this region is comparable to that of their counterparts in a national average cost-of-living area. Essentially, the lower nominal salary is balanced by the stable cost of living.
Job Market Context
330
Total Jobs
1.792
Per 1K Jobs
0.59
Location Quotient
Southeast Oklahoma nonmetropolitan area has 0.59x 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 0.59 for Insurance Sales Agents in Southeast Oklahoma signifies that the region has less than half the concentration of these professionals compared to the national average. This suggests a less competitive market with potentially more opportunities for new entrants or those looking to establish themselves, as the demand may outpace the supply of experienced agents relative to national benchmarks.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Oklahoma City, OK Insurance Sales Agents Salary | $61,970↓ 2% | 34 mi |
| Tulsa, OK Insurance Sales Agents Salary | $68,730↑ 9% | 69 mi |
| Enid, OK Insurance Sales Agents Salary | $52,820↓ 16% | 78 mi |
Comparing salaries near Southeast Oklahoma nonmetropolitan area
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Southeast Oklahoma nonmetropolitan area?
The median annual salary for a Insurance Sales Agents in Southeast Oklahoma nonmetropolitan area is $63,220. This typically ranges from $28,750 for entry-level positions to $98,620 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southeast Oklahoma nonmetropolitan area is 22.4% lower than the national median of $81,510.
Is Southeast Oklahoma nonmetropolitan area a lucrative place for Insurance Sales Agentss?
No, it is not considered a highly lucrative place compared to national averages.The average salary of $63,220 is significantly lower than the national average of $81,510. However, the cost of living being at the national average means the purchasing power is relatively stable.
Is Southeast Oklahoma nonmetropolitan area a good place to live for Insurance Sales Agents?
The Cost of Living Index in Southeast Oklahoma nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southeast Oklahoma nonmetropolitan area?
Some top paying nearby cities include Oklahoma City, OK ($61,970) and Tulsa, OK.
How does the local workforce size affect job opportunities?
A local workforce of 330 suggests a moderate number of professionals, indicating a stable job market without extreme competition, but also without a vast number of openings.
What does a Location Quotient of 0.59 mean for job seekers?
A Location Quotient below 1.0, like 0.59, indicates fewer Insurance Sales Agents per capita than the national average, potentially meaning less competition and more room for growth for new agents.
How does the cost of living impact the salary?
With a Cost of Living Index of 100, the $63,220 salary offers purchasing power equivalent to the national average, making it a fair compensation relative to local expenses.
Are there many Insurance Sales Agent jobs per 1,000 workers in this area?
With 1.792 jobs per 1,000 workers, the rate is moderate, suggesting consistent demand for insurance sales professionals in Southeast Oklahoma.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 330 employees in the Southeast Oklahoma nonmetropolitan area area with a job density of 1.792 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 Oklahoma nonmetropolitan area