Average Insurance Sales Agents Salary in Toledo, OH
Insurance Sales Agents in Toledo, OH, earn an average annual salary of $76,150. This figure is slightly below the national average of $81,510, reflecting localized market dynamics and demand within the Ohio region. Factors such as the local economic climate and the concentration of insurance-related businesses contribute to this compensation.
Executive Summary
- Average Salary: $76,150 per year.
- Growth Trend: Salaries have shifted 21.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $118,300.
- Outlook: The Toledo market for Insurance Sales Agents is moderately sized, with a total local workforce of 660 individuals. The Location Quotient of 0.74 suggests that this profession is slightly less concentrated in Toledo compared to the national average, indicating a stable but not overly saturated job market. With 2.257 jobs per 1,000 workers, there is a consistent, albeit not booming, demand for these professionals.
Salary Overview
The average Insurance Sales Agents in Toledo, OH earns-6.6%below the national average.
$36.6
$1,464
$6,346
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for Toledo is not provided, it is reasonable to assume that salaries for Insurance Sales Agents in the region have experienced growth over the past four years, mirroring national trends. Economic recovery, evolving insurance needs, and inflation typically drive upward salary adjustments in most professional fields, including insurance sales.
Insurance Sales Agents Salary Distribution in Toledo, OH
Salary progression for Insurance Sales Agents in Toledo, OH, is significantly influenced by experience and performance. Entry-level positions typically command lower salaries, while seasoned professionals with a proven track record and specialized knowledge can achieve substantially higher earnings. The percentile gaps in salary distribution signify clear career advancement opportunities, rewarding expertise and client acquisition success.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $37,870 | $18.2 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $57,113 | $27.5 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $63,010 | $30.3 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $95,188 | $45.8 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $118,300 | $56.9 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$76,150
Gross Pay
Real Wage (Purchasing Power)
$76,150
Adjusted for COL (100)
With a Cost of Living Index of 100, Toledo, OH, offers a cost of living that is precisely at the national average. This means the nominal salary of $76,150 for Insurance Sales Agents holds its purchasing power directly in line with the national standard. Residents can expect their earnings to cover essential expenses and discretionary spending comparably to the average American.
Job Market Context
660
Total Jobs
2.257
Per 1K Jobs
0.74
Location Quotient
Toledo, OH has 0.74x 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 0.74 indicates that Insurance Sales Agents are employed in Toledo at a rate slightly lower than the national average. This suggests that while the profession is present and necessary, it is not a dominant industry sector within the local economy compared to other regions. The market is neither exceptionally competitive nor scarce, presenting a balanced environment for job seekers and employers.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Monroe, MI Insurance Sales Agents Salary | $87,470↑ 15% | 20 mi |
| Ann Arbor, MI Insurance Sales Agents Salary | $60,830↓ 20% | 43 mi |
| Sandusky, OH Insurance Sales Agents Salary | $67,590↓ 11% | 48 mi |
| Detroit-Warren-Dearborn, MI Insurance Sales Agents Salary | $78,080↑ 3% | 54 mi |
| Jackson, MI Insurance Sales Agents Salary | $62,120↓ 18% | 58 mi |
Comparing salaries near Toledo, OH
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Frequently Asked Questions
How much does a Insurance Sales Agents make in Toledo, OH?
The median annual salary for a Insurance Sales Agents in Toledo, OH is $76,150. This typically ranges from $37,870 for entry-level positions to $118,300 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Toledo, OH is 6.6% lower than the national median of $81,510.
Is Toledo, OH a lucrative place for Insurance Sales Agentss?
No, not exceptionally lucrative compared to the national average.While the average salary of $76,150 is respectable, it falls short of the national average of $81,510. However, the cost of living being at the national average means the salary's purchasing power is standard.
Is Toledo, OH a good place to live for Insurance Sales Agents?
The Cost of Living Index in Toledo, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Toledo, OH?
Some top paying nearby cities include Monroe, MI ($87,470) and Ann Arbor, MI.
How does Toledo's cost of living compare to the national average?
Toledo, OH, has a Cost of Living Index of 100, which is exactly the national average. This means the general cost of goods and services is comparable to the rest of the United States.
What is the concentration of Insurance Sales Agents in Toledo?
The Location Quotient for Insurance Sales Agents in Toledo is 0.74, indicating that the profession is slightly less concentrated here than the national average.
How many Insurance Sales Agents are there in Toledo?
There are approximately 660 Insurance Sales Agents employed in Toledo, OH, representing 2.257 jobs per 1,000 workers in the local workforce.
Does experience significantly impact an Insurance Sales Agent's salary in Toledo?
Yes, experience is a key driver of salary for Insurance Sales Agents. Entry-level roles typically offer lower compensation, while senior agents with extensive experience and a strong client base can earn considerably more.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 660 employees in the Toledo, OH area with a job density of 2.257 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 Toledo, OH