Average Insurance Sales Agents Salary in Spokane-Spokane Valley, WA
Insurance Sales Agents in Spokane-Spokane Valley, WA, earn an average annual salary of $65,810. This figure is notably below the national average of $81,510, suggesting that local market dynamics and potentially regional demand influence compensation levels. While the cost of living in Spokane is right at the national average, the lower salary indicates a less competitive or saturated market compared to national benchmarks.
Executive Summary
- Average Salary: $65,810 per year.
- Growth Trend: Salaries have shifted 17.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $106,330.
- Outlook: The Spokane-Spokane Valley, WA, job market for Insurance Sales Agents is moderately concentrated, with a total local workforce of 1,310 professionals. The Location Quotient of 1.68 indicates a higher presence of these roles compared to the national average, suggesting a stable, albeit not rapidly expanding, demand for insurance sales expertise within the region. The 5.12 jobs per 1,000 workers further solidifies this steady employment landscape.
Salary Overview
The average Insurance Sales Agents in Spokane-Spokane Valley, WA earns-19.3%below the national average.
$31.6
$1,266
$5,484
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for Spokane-Spokane Valley 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 shifts, evolving insurance needs, and inflation typically drive modest annual increases in compensation for sales professionals in this sector.
Insurance Sales Agents Salary Distribution in Spokane-Spokane Valley, WA
Career progression for Insurance Sales Agents in Spokane-Spokane Valley, WA, is typically marked by increasing earning potential. Entry-level agents may start closer to the lower percentiles of the salary range, while seasoned professionals with established client bases and advanced sales skills can command salaries significantly higher than the average. The gap between entry-level and senior roles reflects the value placed on experience, client retention, and sales performance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $36,030 | $17.3 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $49,358 | $23.7 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $50,170 | $24.1 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $82,263 | $39.5 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $106,330 | $51.1 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$65,810
Gross Pay
Real Wage (Purchasing Power)
$65,810
Adjusted for COL (100)
The average annual salary of $65,810 in Spokane-Spokane Valley, WA, aligns precisely with the national average cost of living index of 100. This means that the nominal salary holds its purchasing power effectively within the local economy, offering a stable financial standing for residents. Consumers can expect their income to cover typical expenses without the added pressure of a significantly higher or lower cost of living.
Job Market Context
1,310
Total Jobs
5.12
Per 1K Jobs
1.68
Location Quotient
Spokane-Spokane Valley, WA has 1.7x the national concentration of Insurance Sales Agents jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 1.68, Spokane-Spokane Valley, WA, demonstrates a concentration of Insurance Sales Agents that is 68% higher than the national average. This suggests a robust local market with a significant demand for insurance professionals relative to other occupations. While this indicates a healthy job market, it also implies a potentially competitive environment as more agents are present per capita than in many other areas.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Coeur d'Alene, ID Insurance Sales Agents Salary | $69,630↑ 6% | 30 mi |
| Lewiston, ID-WA Insurance Sales Agents Salary | $65,290↓ 1% | 90 mi |
Comparing salaries near Spokane-Spokane Valley, WA
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Spokane-Spokane Valley, WA?
The median annual salary for a Insurance Sales Agents in Spokane-Spokane Valley, WA is $65,810. This typically ranges from $36,030 for entry-level positions to $106,330 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Spokane-Spokane Valley, WA is 19.3% lower than the national median of $81,510.
Is Spokane-Spokane Valley, WA a lucrative place for Insurance Sales Agentss?
No, not compared to the national average.While the cost of living is average, the average salary of $65,810 is substantially lower than the national average of $81,510. This indicates that Spokane-Spokane Valley, WA, is not currently a top-tier location for maximizing earnings in this profession.
Is Spokane-Spokane Valley, WA a good place to live for Insurance Sales Agents?
The Cost of Living Index in Spokane-Spokane Valley, WA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Spokane-Spokane Valley, WA?
Some top paying nearby cities include Coeur d'Alene, ID ($69,630) and Lewiston, ID-WA.
How does Spokane's cost of living compare to the national average?
Spokane-Spokane Valley, WA, has a cost of living index of 100, which is exactly the national average. This means that the general price level for goods and services is comparable to the rest of the United States.
What is the concentration of Insurance Sales Agents in Spokane?
The concentration of Insurance Sales Agents in Spokane-Spokane Valley, WA, is high, with a Location Quotient of 1.68. This signifies that the area has a significantly larger proportion of these professionals compared to the national average.
How many Insurance Sales Agents are there in Spokane?
There are approximately 1,310 Insurance Sales Agents employed in the Spokane-Spokane Valley, WA, metropolitan area.
Are there many job opportunities for Insurance Sales Agents in Spokane?
With 5.12 jobs per 1,000 workers, Spokane-Spokane Valley, WA, offers a steady number of opportunities for Insurance Sales Agents, reflecting a consistent demand within the local market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,310 employees in the Spokane-Spokane Valley, WA area with a job density of 5.12 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 Spokane-Spokane Valley, WA