Average Insurance Sales Agents Salary in Southwest Louisiana nonmetropolitan area
Insurance Sales Agents in the Southwest Louisiana nonmetropolitan area earn an average annual salary of $59,490. This figure is notably below the national average of $81,510, reflecting regional economic factors and potentially a different market dynamic. The specific economic landscape and demand within this nonmetropolitan region directly influence compensation levels for these vital sales professionals.
Executive Summary
- Average Salary: $59,490 per year.
- Growth Trend: Salaries have shifted 21.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $96,590.
- Outlook: The local market for Insurance Sales Agents in Southwest Louisiana appears stable, with a total workforce of 270 individuals. The Location Quotient of 1.09 suggests a slightly higher concentration of these roles compared to the national average, indicating a steady, albeit not booming, demand for insurance expertise within the region.
Salary Overview
The average Insurance Sales Agents in Southwest Louisiana nonmetropolitan area earns-27.0%below the national average.
$28.6
$1,144
$4,958
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to assume that salaries for Insurance Sales Agents 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 established roles.
Insurance Sales Agents Salary Distribution in Southwest Louisiana nonmetropolitan area
Career progression for Insurance Sales Agents is typically marked by increasing earning potential. Entry-level positions often start at the lower end of the salary spectrum, while seasoned professionals with a proven track record and specialized knowledge can command significantly higher salaries. The percentile gaps in compensation clearly signify the value placed on experience and sales performance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $31,020 | $14.9 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $44,618 | $21.5 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $46,780 | $22.5 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $74,363 | $35.8 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $96,590 | $46.4 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$59,490
Gross Pay
Real Wage (Purchasing Power)
$59,490
Adjusted for COL (100)
The nominal average annual salary of $59,490 in Southwest Louisiana aligns precisely with the national average cost of living index of 100. This means that while the salary is lower than the national average, the purchasing power of that income is comparable to the national standard, offering a balanced financial outlook for residents.
Job Market Context
270
Total Jobs
3.327
Per 1K Jobs
1.09
Location Quotient
With a location quotient of 1.09, Southwest Louisiana nonmetropolitan area has a slightly higher-than-average concentration of Insurance Sales Agents roles compared to the national norm.
With a Location Quotient of 1.09, Southwest Louisiana exhibits a slightly higher concentration of Insurance Sales Agents than the national average. This suggests a moderately competitive market where demand is present and perhaps slightly exceeds the national average density, offering reasonable opportunities for qualified professionals.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Alexandria, LA Insurance Sales Agents Salary | $54,740↓ 8% | 37 mi |
| Baton Rouge, LA Insurance Sales Agents Salary | $74,650↑ 25% | 67 mi |
| Lafayette, LA Insurance Sales Agents Salary | $62,210↑ 5% | 67 mi |
| Monroe, LA Insurance Sales Agents Salary | $53,040↓ 11% | 94 mi |
| Hammond, LA Insurance Sales Agents Salary | $55,300↓ 7% | 95 mi |
Comparing salaries near Southwest Louisiana nonmetropolitan area
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Southwest Louisiana nonmetropolitan area?
The median annual salary for a Insurance Sales Agents in Southwest Louisiana nonmetropolitan area is $59,490. This typically ranges from $31,020 for entry-level positions to $96,590 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Louisiana nonmetropolitan area is 27.0% lower than the national median of $81,510.
Is Southwest Louisiana nonmetropolitan area a lucrative place for Insurance Sales Agentss?
No, not exceptionally lucrative compared to national averages.The average salary of $59,490 is significantly lower than the national average of $81,510. However, the cost of living is on par with the national average, making the effective purchasing power comparable.
Is Southwest Louisiana nonmetropolitan area a good place to live for Insurance Sales Agents?
The Cost of Living Index in Southwest Louisiana nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Louisiana nonmetropolitan area?
Some top paying nearby cities include Alexandria, LA ($54,740) and Baton Rouge, LA.
How does the local workforce size impact job opportunities?
A local workforce of 270 Insurance Sales Agents indicates a stable, established presence in the region, suggesting consistent opportunities rather than rapid expansion.
What does a Location Quotient of 1.09 mean for job seekers?
A Location Quotient slightly above 1.0 suggests that the demand for Insurance Sales Agents in Southwest Louisiana is marginally higher than the national average concentration, indicating a healthy job market.
How does the cost of living affect the perceived salary?
With a Cost of Living Index of 100, the $59,490 salary has the same purchasing power as the national average, meaning the lower nominal salary is offset by lower living expenses relative to higher-paying national areas.
Are there significant salary differences based on experience in this region?
Yes, like most markets, experience plays a crucial role, with entry-level agents earning less and senior agents with established clienteles earning substantially more, reflecting career growth potential.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 270 employees in the Southwest Louisiana nonmetropolitan area area with a job density of 3.327 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 Southwest Louisiana nonmetropolitan area