SalaryNode

Average Insurance Sales Agents Salary in Syracuse, NY

Insurance Sales Agents in Syracuse, NY, command an impressive average annual salary of $89,410, surpassing the national average of $81,510. This localized premium is often driven by specific market demands and the unique economic landscape of the Syracuse area, influencing compensation structures for specialized roles.

Executive Summary

  • Average Salary: $89,410 per year.
  • Growth Trend: Salaries have shifted 19.8% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $150,640.
  • Outlook: Syracuse presents a stable employment environment for Insurance Sales Agents, with a local workforce of 790 professionals. The Location Quotient of 0.88 suggests a concentration slightly below the national average, indicating a steady, rather than rapidly expanding, demand for these services within the region.
2024 Market Data

Salary Overview

$89,410

The average Insurance Sales Agents in Syracuse, NY earns+9.7%above the national average.

BreakdownBased on 40h/week
Hourly

$43

Weekly

$1,719

Monthly

$7,451

Insurance Sales Agents Salary Distribution in Syracuse, NY

Career progression for Insurance Sales Agents in Syracuse typically correlates with experience, leading to significant salary increases. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with established client bases and advanced certifications can expect to earn at the higher end of the salary spectrum, reflecting a clear path for advancement.

Experience LevelMarket PercentileAnnual WageHourly Rate
SDR / BDRLead generation, prospecting, cold calling.10% (Entry)$36,660$17.6
Account ExecutiveClosing deals, managing small-mid market clients.25% (Junior)$67,058$32.2
Senior AEHandling enterprise clients and complex negotiations.50% (Median)$60,710$29.2
Sales ManagerManaging a team of reps, setting quotas & strategy.75% (Senior)$111,763$53.7
VP of SalesRevenue strategy, expansion, C-suite relationships.90% (Expert)$150,640$72.4

Detailed Insurance Sales Agents Market Analysis

Relocation Context

Nominal Salary

$89,410

Gross Pay

Real Wage (Purchasing Power)

$89,410

Adjusted for COL (100)

The average annual salary of $89,410 in Syracuse aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an Insurance Sales Agent's income in Syracuse is equivalent to the national average, offering a stable financial standing without significant cost-of-living pressures.

Job Market Context

790

Total Jobs

2.691

Per 1K Jobs

0.88

Location Quotient

Below Average

Syracuse, NY has 0.88x 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.

With a Location Quotient of 0.88, Syracuse's market for Insurance Sales Agents is slightly less concentrated than the national average. This indicates a balanced job market where demand is present but not saturated, potentially offering good opportunities for skilled agents without overwhelming competition.

Nearby Job Markets

Nearby Cities for Insurance Sales Agents

CitySalaryDist.
Ithaca, NY Insurance Sales Agents Salary$82,010↓ 8%45 mi
Utica-Rome, NY Insurance Sales Agents Salary$95,050↑ 6%46 mi
Watertown-Fort Drum, NY Insurance Sales Agents Salary$91,820↑ 3%66 mi
Binghamton, NY Insurance Sales Agents Salary$129,150↑ 44%66 mi
Elmira, NY Insurance Sales Agents Salary$70,640↓ 21%74 mi

Comparing salaries near Syracuse, NY

Hiring Insurance Sales Agentss?

Frequently Asked Questions

How much does a Insurance Sales Agents make in Syracuse, NY?

The median annual salary for a Insurance Sales Agents in Syracuse, NY is $89,410. This typically ranges from $36,660 for entry-level positions to $150,640 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Syracuse, NY is 9.7% higher than the national median of $81,510.

Is Syracuse, NY a lucrative place for Insurance Sales Agents?

Yes, Syracuse, NY offers a lucrative environment for Insurance Sales Agents.The average salary of $89,410 significantly exceeds the national average, and with a Cost of Living Index at 100, the purchasing power of this salary is robust.

Is Syracuse, NY a good place to live for Insurance Sales Agents?

The Cost of Living Index in Syracuse, NY is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Syracuse, NY?

Some top paying nearby cities include Ithaca, NY ($82,010) and Utica-Rome, NY.

How does the Syracuse job market compare to the national average for Insurance Sales Agents?

The job market in Syracuse is slightly less concentrated than the national average, with a Location Quotient of 0.88, suggesting a balanced environment for employment.

What is the total number of Insurance Sales Agents in Syracuse?

There are approximately 790 Insurance Sales Agents employed in the Syracuse, NY area.

Does experience impact salary for Insurance Sales Agents in Syracuse?

Yes, experience plays a crucial role, with senior agents earning substantially more than entry-level professionals, reflecting career growth and skill development.

What is the cost of living in Syracuse compared to the national average?

Syracuse has a Cost of Living Index of 100, which is exactly the national average, meaning your salary's purchasing power is on par with the rest of the country.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 790 employees in the Syracuse, NY area with a job density of 2.691 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Insurance Sales Agents • Data source: BLS OEWS 2024 •Jobs in Syracuse, NY