Average Insurance Sales Agents Salary in Tulsa, OK
Insurance Sales Agents in Tulsa, OK, earn an average annual salary of $68,730. This figure is notably below the national average of $81,510, suggesting that local market dynamics and potentially a different cost structure influence compensation in this region. While the nominal salary may seem lower, understanding the local economic landscape is crucial for a complete picture.
Executive Summary
- Average Salary: $68,730 per year.
- Growth Trend: Salaries have shifted 13.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $133,690.
- Outlook: With a local workforce of 1,670 Insurance Sales Agents, Tulsa demonstrates a significant presence in this sector. The Location Quotient of 1.21 indicates a higher concentration of these professionals compared to the national average, suggesting a robust and potentially growing demand for insurance services within the city and its surrounding areas.
Salary Overview
The average Insurance Sales Agents in Tulsa, OK earns-15.7%below the national average.
$33
$1,322
$5,728
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Insurance Sales Agents in Tulsa have experienced growth over the past four years, mirroring national trends of increasing compensation driven by inflation, market demand, and evolving industry needs. This general upward trajectory is a positive indicator for the profession's financial outlook in the region.
Insurance Sales Agents Salary Distribution in Tulsa, OK
Career progression for Insurance Sales Agents in Tulsa typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with a proven track record and established client base can command salaries well above the average. The percentile gaps in earnings clearly signify the substantial financial rewards associated with career advancement and specialization.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $37,530 | $18 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $51,548 | $24.8 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $49,630 | $23.9 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $85,913 | $41.3 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $133,690 | $64.3 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$68,730
Gross Pay
Real Wage (Purchasing Power)
$68,730
Adjusted for COL (100)
The average annual salary of $68,730 in Tulsa, OK, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an Insurance Sales Agent's salary in Tulsa is equivalent to that of an agent earning the national average in a location with a national average cost of living. Therefore, the nominal salary translates directly to comparable living standards.
Job Market Context
1,670
Total Jobs
3.675
Per 1K Jobs
1.21
Location Quotient
With a location quotient of 1.21, Tulsa, OK has a slightly higher-than-average concentration of Insurance Sales Agents roles compared to the national norm.
The Location Quotient of 1.21 for Insurance Sales Agents in Tulsa signifies a market that is more concentrated with these professionals than the national average. This suggests a healthy job market where demand likely meets or exceeds the supply, potentially leading to competitive opportunities for both new entrants and experienced agents seeking employment.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Southeast Oklahoma nonmetropolitan area Insurance Sales Agents Salary | $63,220↓ 8% | 69 mi |
| Northeast Oklahoma nonmetropolitan area Insurance Sales Agents Salary | $47,980↓ 30% | 69 mi |
| Southwest Oklahoma nonmetropolitan area Insurance Sales Agents Salary | $37,800↓ 45% | 69 mi |
| Northwest Oklahoma nonmetropolitan area Insurance Sales Agents Salary | $50,740↓ 26% | 69 mi |
| Fayetteville-Springdale-Rogers, AR Insurance Sales Agents Salary | $81,590↑ 19% | 97 mi |
Comparing salaries near Tulsa, OK
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Frequently Asked Questions
How much does a Insurance Sales Agents make in Tulsa, OK?
The median annual salary for a Insurance Sales Agents in Tulsa, OK is $68,730. This typically ranges from $37,530 for entry-level positions to $133,690 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Tulsa, OK is 15.7% lower than the national median of $81,510.
Is Tulsa, OK a lucrative place for Insurance Sales Agentss?
Yes, with caveats.While the average salary of $68,730 is below the national average, the cost of living is also at the national average, meaning purchasing power is comparable. The higher concentration of agents (LQ 1.21) indicates a strong market presence.
Is Tulsa, OK a good place to live for Insurance Sales Agents?
The Cost of Living Index in Tulsa, OK is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Tulsa, OK?
Some top paying nearby cities include Southeast Oklahoma nonmetropolitan area ($63,220) and Northeast Oklahoma nonmetropolitan area.
How does Tulsa's Insurance Sales Agent salary compare to the national average?
The average annual salary for Insurance Sales Agents in Tulsa, OK, is $68,730, which is below the national average of $81,510.
What is the cost of living in Tulsa, OK compared to the national average?
Tulsa, OK has a Cost of Living Index of 100, which is exactly the national average, indicating that everyday expenses are neither significantly higher nor lower than the national benchmark.
Is there a high demand for Insurance Sales Agents in Tulsa?
With a Location Quotient of 1.21, Tulsa has a higher concentration of Insurance Sales Agents than the national average, suggesting a robust local demand for their services.
How many Insurance Sales Agents are there in Tulsa?
There are approximately 1,670 Insurance Sales Agents working in the Tulsa, OK area, representing 3.675 jobs per 1,000 workers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,670 employees in the Tulsa, OK area with a job density of 3.675 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 Tulsa, OK