Average Insurance Sales Agents Salary in Southern Indiana nonmetropolitan area
Insurance Sales Agents in Southern Indiana nonmetropolitan areas can expect an average annual salary of $66,420. This figure is notably below the national average of $81,510, reflecting the unique economic landscape and potentially lower demand for specialized sales roles in less densely populated regions. The compensation is directly influenced by the local market dynamics and the cost of doing business in this specific area.
Executive Summary
- Average Salary: $66,420 per year.
- Growth Trend: Salaries have shifted 19.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $102,940.
- Outlook: With a total local workforce of 430 Insurance Sales Agents, the market in Southern Indiana nonmetropolitan areas presents a modest employment base. The Location Quotient of 0.71 indicates a slightly lower concentration of these professionals compared to the national average, suggesting that while the profession is present, it is not a dominant sector. The rate of 2.172 jobs per 1,000 workers further underscores a stable, albeit not rapidly expanding, job market for insurance sales professionals in this region.
Salary Overview
The average Insurance Sales Agents in Southern Indiana nonmetropolitan area earns-18.5%below the national average.
$31.9
$1,277
$5,535
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for this precise nonmetropolitan area is not provided, it is reasonable to assume that salaries for Insurance Sales Agents in Southern Indiana have experienced gradual growth over the past four years, mirroring national trends. Economic recovery and evolving insurance needs likely contributed to modest increases, though regional economic factors may have moderated the pace of salary appreciation compared to more dynamic urban centers.
Insurance Sales Agents Salary Distribution in Southern Indiana nonmetropolitan area
Career progression for Insurance Sales Agents in Southern Indiana nonmetropolitan areas typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned agents with established clienteles and a proven sales record can command substantially higher earnings. The widening gap between entry-level and senior-level salaries, often seen across different pay percentiles, signifies clear opportunities for career advancement and increased earning potential through dedication and skill development.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $20,390 | $9.8 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $49,815 | $23.9 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $57,610 | $27.7 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $83,025 | $39.9 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $102,940 | $49.5 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$66,420
Gross Pay
Real Wage (Purchasing Power)
$66,420
Adjusted for COL (100)
The nominal average annual salary of $66,420 in Southern Indiana 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. While the salary is lower than the national average, the equivalent cost of living suggests that the take-home pay offers a comparable standard of living to that found in other parts of the country.
Job Market Context
430
Total Jobs
2.172
Per 1K Jobs
0.71
Location Quotient
Southern Indiana nonmetropolitan area has 0.71x 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 0.71 for Insurance Sales Agents in Southern Indiana nonmetropolitan areas indicates that the concentration of these professionals is slightly below the national average. This suggests that the job market is not oversaturated, potentially offering a more accessible entry point for new agents compared to highly concentrated urban areas. However, it also implies that the demand might be less robust, requiring agents to be proactive in building their client base and networks.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Indianapolis-Carmel-Greenwood, IN Insurance Sales Agents Salary | $87,780↑ 32% | 8 mi |
| Kokomo, IN Insurance Sales Agents Salary | $71,540↑ 8% | 43 mi |
| Columbus, IN Insurance Sales Agents Salary | $90,800↑ 37% | 48 mi |
| Bloomington, IN Insurance Sales Agents Salary | $79,760↑ 20% | 49 mi |
| Lafayette-West Lafayette, IN Insurance Sales Agents Salary | $85,290↑ 28% | 50 mi |
Comparing salaries near Southern Indiana nonmetropolitan area
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Southern Indiana nonmetropolitan area?
The median annual salary for a Insurance Sales Agents in Southern Indiana nonmetropolitan area is $66,420. This typically ranges from $20,390 for entry-level positions to $102,940 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southern Indiana nonmetropolitan area is 18.5% lower than the national median of $81,510.
Is Southern Indiana nonmetropolitan area a lucrative place for Insurance Sales Agentss?
No, it is not considered a highly lucrative area compared to the national average.The average salary of $66,420 is significantly lower than the national average of $81,510, and the concentration of agents is also below the national benchmark.
Is Southern Indiana nonmetropolitan area a good place to live for Insurance Sales Agents?
The Cost of Living Index in Southern Indiana nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southern Indiana nonmetropolitan area?
Some top paying nearby cities include Indianapolis-Carmel-Greenwood, IN ($87,780) and Kokomo, IN.
How does the cost of living affect the Insurance Sales Agent salary in Southern Indiana?
With a Cost of Living Index of 100, the national average, the $66,420 salary offers purchasing power equivalent to the national average, despite being lower than the national salary.
What is the job market like for Insurance Sales Agents in this region?
The market is stable with a workforce of 430 and a Location Quotient of 0.71, indicating a presence but not an overabundance of insurance sales professionals.
Can an experienced Insurance Sales Agent earn more in Southern Indiana?
Yes, career progression and experience typically lead to higher salaries, with significant gaps between entry-level and senior roles indicating earning potential growth.
How does the number of jobs per 1,000 workers compare nationally?
With 2.172 jobs per 1,000 workers, this metric suggests a moderate level of employment for Insurance Sales Agents relative to the overall workforce in 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 430 employees in the Southern Indiana nonmetropolitan area area with a job density of 2.172 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Insurance Sales Agents Salaries by State
Top Jobs in Southern Indiana nonmetropolitan area
- All Occupations Salary in Southern Indiana nonmetropolitan area
- Production Occupations Salary in Southern Indiana nonmetropolitan area
- Transportation and Material Moving Occupations Salary in Southern Indiana nonmetropolitan area
- Office and Administrative Support Occupations Salary in Southern Indiana nonmetropolitan area
- Food Preparation and Serving Related Occupations Salary in Southern Indiana nonmetropolitan area
- Sales and Related Occupations Salary in Southern Indiana nonmetropolitan area
- Miscellaneous Assemblers and Fabricators Salary in Southern Indiana nonmetropolitan area
- Educational Instruction and Library Occupations Salary in Southern Indiana nonmetropolitan area
- Healthcare Practitioners and Technical Occupations Salary in Southern Indiana nonmetropolitan area
- Installation, Maintenance, and Repair Occupations Salary in Southern Indiana nonmetropolitan area
- Browse All Jobs in Southern Indiana nonmetropolitan area →
Semantic Salary Analysis for Insurance Sales Agents • Data source: BLS OEWS 2024 •Jobs in Southern Indiana nonmetropolitan area