Average Insurance Sales Agents Salary in Spartanburg, SC
Insurance Sales Agents in Spartanburg, SC, earn an average annual salary of $52,290. This figure is notably lower than the national average of $81,510, suggesting that local market dynamics, such as demand and the concentration of industry players, significantly influence compensation in this region.
Executive Summary
- Average Salary: $52,290 per year.
- Growth Trend: Salaries have shifted 5.1% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $75,600.
- Outlook: With a total local workforce of 260 Insurance Sales Agents, Spartanburg presents a modest employment landscape for this profession. The location quotient of 0.53 indicates that the concentration of these roles is below the national average, suggesting that while opportunities exist, the market is not as saturated as in other areas, potentially offering a stable environment for dedicated professionals.
Salary Overview
The average Insurance Sales Agents in Spartanburg, SC earns-35.8%below the national average.
$25.1
$1,006
$4,358
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for Spartanburg is not provided, it is generally assumed that the insurance sales sector, like many others, has experienced steady growth over the past four years. This growth typically translates to incremental salary increases, driven by factors such as inflation, evolving market demands, and the increasing complexity of insurance products, leading to a gradual upward trend in compensation for experienced agents.
Insurance Sales Agents Salary Distribution in Spartanburg, SC
Salary progression for Insurance Sales Agents in Spartanburg, SC, is strongly tied to experience and performance. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with a proven track record and specialized knowledge can command significantly higher salaries. The percentile gaps in earnings clearly signify career advancement opportunities, rewarding agents who build client bases and demonstrate consistent sales success.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $35,870 | $17.2 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $39,218 | $18.9 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $45,270 | $21.8 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $65,363 | $31.4 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $75,600 | $36.3 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$52,290
Gross Pay
Real Wage (Purchasing Power)
$52,290
Adjusted for COL (100)
The average annual salary of $52,290 for Insurance Sales Agents in Spartanburg, SC, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, providing a stable financial footing for residents without the added pressure of higher living expenses.
Job Market Context
260
Total Jobs
1.607
Per 1K Jobs
0.53
Location Quotient
Spartanburg, SC has 0.53x 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 0.53 for Insurance Sales Agents in Spartanburg, SC, signifies that the industry is less concentrated locally compared to the national average. This suggests a market that is neither overly saturated nor exceptionally scarce, indicating a balanced environment where new agents can establish themselves, and experienced professionals can find steady opportunities without facing intense competition.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Greenville-Anderson-Greer, SC Insurance Sales Agents Salary | $68,190↑ 30% | 26 mi |
| Asheville, NC Insurance Sales Agents Salary | $84,680↑ 62% | 56 mi |
| Charlotte-Concord-Gastonia, NC-SC Insurance Sales Agents Salary | $82,200↑ 57% | 64 mi |
| Hickory-Lenoir-Morganton, NC Insurance Sales Agents Salary | $73,930↑ 41% | 65 mi |
| Columbia, SC Insurance Sales Agents Salary | $78,650↑ 50% | 85 mi |
Comparing salaries near Spartanburg, SC
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Spartanburg, SC?
The median annual salary for a Insurance Sales Agents in Spartanburg, SC is $52,290. This typically ranges from $35,870 for entry-level positions to $75,600 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Spartanburg, SC is 35.8% lower than the national median of $81,510.
Is Spartanburg, SC a lucrative place for Insurance Sales Agents?
No, not compared to the national average.While the cost of living is on par with the national average, the average salary for Insurance Sales Agents in Spartanburg, SC, is significantly lower than the national benchmark, indicating less lucrative earning potential.
Is Spartanburg, SC a good place to live for Insurance Sales Agents?
The Cost of Living Index in Spartanburg, SC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Spartanburg, SC?
Some top paying nearby cities include Greenville-Anderson-Greer, SC ($68,190) and Asheville, NC.
What is the average salary for an Insurance Sales Agent in Spartanburg, SC?
The average annual salary for an Insurance Sales Agent in Spartanburg, SC, is $52,290.
How does Spartanburg's cost of living compare to the national average?
Spartanburg, SC has a Cost of Living Index of 100, which is exactly the national average.
Is the job market for Insurance Sales Agents strong in Spartanburg, SC?
The market is moderately sized with a workforce of 260 and a location quotient below the national average, suggesting stable but not booming demand.
How does experience affect an Insurance Sales Agent's salary in Spartanburg, SC?
Experience is a key driver of salary growth, with senior agents earning considerably more than entry-level professionals, reflecting increased expertise and client acquisition.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the Spartanburg, SC area with a job density of 1.607 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 Spartanburg, SC