Average Insurance Sales Agents Salary in Southwest Oklahoma nonmetropolitan area
Insurance Sales Agents in the Southwest Oklahoma nonmetropolitan area earn an average annual salary of $37,800. This figure significantly trails the national average of $81,510, reflecting the economic landscape and demand specific to this region. Factors such as local market size and industry concentration typically influence compensation levels, leading to this regional disparity.
Executive Summary
- Average Salary: $37,800 per year.
- Growth Trend: Salaries have shifted 5.8% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $51,370.
- Outlook: The job market for Insurance Sales Agents in Southwest Oklahoma appears stable, with a total local workforce of 220 professionals. The Location Quotient of 1.15 suggests a slightly higher concentration of these roles compared to the national average, indicating a steady, albeit not booming, demand within the area.
Salary Overview
The average Insurance Sales Agents in Southwest Oklahoma nonmetropolitan area earns-53.6%below the national average.
$18.2
$727
$3,150
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Insurance Sales Agents in Southwest Oklahoma have experienced gradual growth over the past four years, mirroring general economic trends and inflation adjustments. This suggests a consistent, albeit modest, upward trajectory in compensation within the region.
Insurance Sales Agents Salary Distribution in Southwest Oklahoma nonmetropolitan area
Salary progression for Insurance Sales Agents typically scales with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with a proven track record and established client base can command significantly higher earnings. The percentile gaps in salary data signify clear career progression opportunities and the value placed on expertise and performance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $24,000 | $11.5 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $28,350 | $13.6 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $30,940 | $14.9 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $47,250 | $22.7 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $51,370 | $24.7 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$37,800
Gross Pay
Real Wage (Purchasing Power)
$37,800
Adjusted for COL (100)
The nominal average salary of $37,800 in Southwest Oklahoma nonmetropolitan area 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, suggesting that the lower nominal wage is offset by more affordable living expenses.
Job Market Context
220
Total Jobs
3.491
Per 1K Jobs
1.15
Location Quotient
With a location quotient of 1.15, Southwest Oklahoma nonmetropolitan area has a slightly higher-than-average concentration of Insurance Sales Agents roles compared to the national norm.
With a Location Quotient of 1.15, Southwest Oklahoma nonmetropolitan area shows a slightly higher concentration of Insurance Sales Agents than the national average. This indicates a moderately competitive market where the demand for these professionals is present and perhaps slightly more pronounced than in other areas, though not overwhelmingly saturated.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Oklahoma City, OK Insurance Sales Agents Salary | $61,970↑ 64% | 34 mi |
| Tulsa, OK Insurance Sales Agents Salary | $68,730↑ 82% | 69 mi |
| Enid, OK Insurance Sales Agents Salary | $52,820↑ 40% | 78 mi |
Comparing salaries near Southwest Oklahoma nonmetropolitan area
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Southwest Oklahoma nonmetropolitan area?
The median annual salary for a Insurance Sales Agents in Southwest Oklahoma nonmetropolitan area is $37,800. This typically ranges from $24,000 for entry-level positions to $51,370 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Oklahoma nonmetropolitan area is 53.6% lower than the national median of $81,510.
Is Southwest Oklahoma nonmetropolitan area a lucrative place for Insurance Sales Agentss?
No, it is not a lucrative place for Insurance Sales Agents.The average salary of $37,800 is substantially lower than the national average, despite the cost of living being at the national average. This indicates a lower earning potential in this specific region.
Is Southwest Oklahoma nonmetropolitan area a good place to live for Insurance Sales Agents?
The Cost of Living Index in Southwest Oklahoma nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest 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 prospects?
A local workforce of 220 suggests a smaller, more localized job market. While this can mean fewer opportunities, the slightly above-average Location Quotient indicates that demand is present relative to the population.
What does a Location Quotient of 1.15 mean for Insurance Sales Agents?
A Location Quotient of 1.15 signifies that Insurance Sales Agents are 15% more concentrated in Southwest Oklahoma nonmetropolitan area than the national average. This suggests a slightly higher demand or a more established presence of this profession in the region.
How does the Cost of Living Index impact the salary?
With a Cost of Living Index of 100, Southwest Oklahoma nonmetropolitan area is on par with the national average. This means the $37,800 salary has the same purchasing power as it would nationally, making the lower nominal wage more understandable in context.
Are there many jobs per 1,000 workers for Insurance Sales Agents here?
With 3.491 jobs per 1,000 workers, the rate is moderate, indicating a steady presence of Insurance Sales Agent roles within the local employment landscape.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Southwest Oklahoma nonmetropolitan area area with a job density of 3.491 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 Oklahoma nonmetropolitan area