Average Insurance Sales Agents Salary in Tampa-St. Petersburg-Clearwater, FL
Insurance Sales Agents in the Tampa-St. Petersburg-Clearwater, FL area earn an impressive average annual salary of $81,860. This figure slightly surpasses the national average of $81,510, indicating a robust local demand for these professionals. The competitive compensation in this region is likely driven by a combination of market dynamics and the specific needs of the Florida insurance landscape.
Executive Summary
- Average Salary: $81,860 per year.
- Growth Trend: Salaries have shifted 21.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $131,740.
- Outlook: The Tampa-St. Petersburg-Clearwater metropolitan area boasts a substantial local workforce of 7,320 Insurance Sales Agents, with 5.074 jobs per 1,000 workers. This concentration, reflected in a Location Quotient of 1.67, suggests a significantly higher presence of this profession compared to the national average, pointing towards a strong and potentially growing job market for insurance sales talent.
Salary Overview
The average Insurance Sales Agents in Tampa-St. Petersburg-Clearwater, FL earns+0.4%above the national average.
$39.4
$1,574
$6,822
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salary for Insurance Sales Agents in Tampa-St. Petersburg-Clearwater has experienced steady growth over the past four years, mirroring national trends. Factors such as evolving insurance products, increased demand for financial planning, and inflation likely contribute to an upward trajectory in average earnings for professionals in this field.
Insurance Sales Agents Salary Distribution in Tampa-St. Petersburg-Clearwater, FL
Salary progression for Insurance Sales Agents in Tampa-St. Petersburg-Clearwater typically scales with experience. Entry-level positions may start closer to the lower percentiles, while seasoned agents with proven sales records and specialized knowledge can command salaries in the higher percentiles. The significant gaps between salary percentiles clearly signify substantial career progression opportunities and earning potential for dedicated professionals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $38,610 | $18.6 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $61,395 | $29.5 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $60,790 | $29.2 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $102,325 | $49.2 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $131,740 | $63.3 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$81,860
Gross Pay
Real Wage (Purchasing Power)
$81,860
Adjusted for COL (100)
With an average annual salary of $81,860 and a Cost of Living Index of 100 (which is exactly the national average), Insurance Sales Agents in Tampa-St. Petersburg-Clearwater can expect their earnings to align closely with the national purchasing power. This means the nominal salary translates directly to the average cost of living, offering a stable financial footing for residents.
Job Market Context
7,320
Total Jobs
5.074
Per 1K Jobs
1.67
Location Quotient
Tampa-St. Petersburg-Clearwater, FL 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.
The Location Quotient of 1.67 for Insurance Sales Agents in Tampa-St. Petersburg-Clearwater indicates a market concentration that is 67% higher than the national average. This suggests that the region is a significant hub for this profession, implying a competitive yet abundant job market where demand is notably strong relative to other areas.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Lakeland-Winter Haven, FL Insurance Sales Agents Salary | $95,530↑ 17% | 32 mi |
| North Florida nonmetropolitan area Insurance Sales Agents Salary | $76,580↓ 6% | 49 mi |
| South Florida nonmetropolitan area Insurance Sales Agents Salary | $100,980↑ 23% | 49 mi |
| Homosassa Springs, FL Insurance Sales Agents Salary | $69,950↓ 15% | 60 mi |
| Wildwood-The Villages, FL Insurance Sales Agents Salary | $86,930↑ 6% | 63 mi |
Comparing salaries near Tampa-St. Petersburg-Clearwater, FL
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Tampa-St. Petersburg-Clearwater, FL?
The median annual salary for a Insurance Sales Agents in Tampa-St. Petersburg-Clearwater, FL is $81,860. This typically ranges from $38,610 for entry-level positions to $131,740 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Tampa-St. Petersburg-Clearwater, FL is 0.4% higher than the national median of $81,510.
Is Tampa-St. Petersburg-Clearwater, FL a lucrative place for Insurance Sales Agents?
Yes, it is a lucrative place for Insurance Sales Agents.The average salary of $81,860 slightly exceeds the national average, and the cost of living is on par with the national average, indicating strong purchasing power for local agents.
Is Tampa-St. Petersburg-Clearwater, FL a good place to live for Insurance Sales Agents?
The Cost of Living Index in Tampa-St. Petersburg-Clearwater, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Tampa-St. Petersburg-Clearwater, FL?
Some top paying nearby cities include Lakeland-Winter Haven, FL ($95,530) and North Florida nonmetropolitan area.
How does the Tampa-St. Petersburg-Clearwater salary compare to the national average?
The average annual salary for Insurance Sales Agents in Tampa-St. Petersburg-Clearwater is $81,860, which is slightly higher than the national average of $81,510.
What is the concentration of Insurance Sales Agents in this area?
The concentration, measured by the Location Quotient, is 1.67, meaning there are significantly more Insurance Sales Agents per worker in Tampa-St. Petersburg-Clearwater compared to the national average.
Does the cost of living affect the value of the salary?
No, the cost of living in Tampa-St. Petersburg-Clearwater is exactly at the national average (100), so the $81,860 salary holds its purchasing power equivalent to the national average.
What does the job market look like for Insurance Sales Agents in this region?
The job market appears robust, with a substantial local workforce and a higher-than-average concentration of Insurance Sales Agents, suggesting strong demand and opportunity.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 7,320 employees in the Tampa-St. Petersburg-Clearwater, FL area with a job density of 5.074 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 Tampa-St. Petersburg-Clearwater, FL