Average Insurance Sales Agents Salary in Southwest New York nonmetropolitan area
Insurance Sales Agents in the Southwest New York nonmetropolitan area earn an average annual salary of $64,580. This figure is notably below the national average of $81,510, suggesting that regional economic factors and market demand play a significant role in compensation within this specific locale. The lower average salary reflects the unique economic landscape of nonmetropolitan regions compared to larger urban centers.
Executive Summary
- Average Salary: $64,580 per year.
- Growth Trend: Salaries have shifted 45.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $89,560.
- Outlook: The job market for Insurance Sales Agents in Southwest New York nonmetropolitan area, with a total workforce of 350, indicates a stable but not rapidly expanding sector. The Location Quotient of 0.64 suggests a slightly lower concentration of these roles compared to the national average, implying moderate demand that aligns with the overall workforce size. While not a high-demand hub, the consistent presence of these roles points to ongoing opportunities for skilled agents.
Salary Overview
The average Insurance Sales Agents in Southwest New York nonmetropolitan area earns-20.8%below the national average.
$31.1
$1,242
$5,382
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, inflation, and evolving insurance needs likely contribute to a modest upward trajectory in compensation, even in less urbanized areas.
Insurance Sales Agents Salary Distribution in Southwest New York nonmetropolitan area
Career progression for Insurance Sales Agents typically involves a significant salary increase with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with established client bases and advanced sales skills can command salaries well above the average. The percentile gaps in salary distribution clearly signify the substantial earning potential that comes with seniority and proven success in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $39,160 | $18.8 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $48,435 | $23.3 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $55,730 | $26.8 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $80,725 | $38.8 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $89,560 | $43.1 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$64,580
Gross Pay
Real Wage (Purchasing Power)
$64,580
Adjusted for COL (100)
With a Cost of Living Index of 100, the Southwest New York nonmetropolitan area is perfectly aligned with the national average. This means the nominal salary of $64,580 offers purchasing power equivalent to the national average. Therefore, while the salary is lower than the national average, the cost of living does not exacerbate the difference, providing a balanced financial standing for residents.
Job Market Context
350
Total Jobs
1.956
Per 1K Jobs
0.64
Location Quotient
Southwest New York nonmetropolitan area has 0.64x 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 0.64 indicates that Insurance Sales Agents are less concentrated in the Southwest New York nonmetropolitan area compared to the national average. This suggests that while the profession is present, it is not a dominant industry in the region, potentially leading to a less saturated job market for new entrants but also indicating a smaller overall pool of available positions relative to other areas.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Binghamton, NY Insurance Sales Agents Salary | $129,150↑ 100% | 49 mi |
| Kingston, NY Insurance Sales Agents Salary | $80,630↑ 25% | 51 mi |
| Scranton--Wilkes-Barre, PA Insurance Sales Agents Salary | $69,010↑ 7% | 64 mi |
| Utica-Rome, NY Insurance Sales Agents Salary | $95,050↑ 47% | 66 mi |
| Albany-Schenectady-Troy, NY Insurance Sales Agents Salary | $113,690↑ 76% | 68 mi |
Comparing salaries near Southwest New York nonmetropolitan area
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Frequently Asked Questions
How much does a Insurance Sales Agents make in Southwest New York nonmetropolitan area?
The median annual salary for a Insurance Sales Agents in Southwest New York nonmetropolitan area is $64,580. This typically ranges from $39,160 for entry-level positions to $89,560 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest New York nonmetropolitan area is 20.8% lower than the national median of $81,510.
Is Southwest New York nonmetropolitan area a lucrative place for Insurance Sales Agents?
No, not exceptionally lucrative compared to the national average.The average salary of $64,580 is significantly lower than the national average of $81,510. However, the cost of living is at the national average, meaning the lower salary's purchasing power is maintained locally.
Is Southwest New York nonmetropolitan area a good place to live for Insurance Sales Agents?
The Cost of Living Index in Southwest New York nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest New York nonmetropolitan area?
Some top paying nearby cities include Binghamton, NY ($129,150) and Kingston, NY.
How does the local workforce size affect job opportunities?
A local workforce of 350 Insurance Sales Agents suggests a moderately sized professional community, indicating a stable but not overly competitive job market. Opportunities exist, but the sheer volume of roles may be less than in larger metropolitan areas.
What does a Location Quotient of 0.64 mean for job seekers?
A Location Quotient of 0.64 signifies that Insurance Sales Agents are less prevalent in this region than the national average. This could mean fewer job openings but potentially less competition for those roles that are available.
How does the Cost of Living Index impact the $64,580 salary?
With a Cost of Living Index of 100, the local expenses are on par with the national average. This means the $64,580 salary provides a purchasing power that is neither significantly enhanced nor diminished by local living costs.
What is the job density for Insurance Sales Agents in this area?
With 1.956 jobs per 1,000 workers, Insurance Sales Agents represent a small but consistent segment of the local employment landscape, indicating steady demand for their services within the community.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 350 employees in the Southwest New York nonmetropolitan area area with a job density of 1.956 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 New York nonmetropolitan area