Average Insurance Sales Agents Salary in Utica-Rome, NY
Insurance Sales Agents in Utica-Rome, NY, command an impressive average annual salary of $95,050, significantly surpassing the national average of $81,510. This elevated compensation is likely influenced by a combination of local market demand and the specific economic drivers within the Utica-Rome region that necessitate specialized sales expertise.
Executive Summary
- Average Salary: $95,050 per year.
- Growth Trend: Salaries have shifted 1.4% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $156,000.
- Outlook: The Utica-Rome area supports a dedicated workforce of 280 Insurance Sales Agents, with a jobs-per-1,000-workers ratio of 2.394. While the Location Quotient of 0.79 suggests a slightly lower concentration compared to the national average, the consistent presence of these roles indicates a stable and ongoing demand for insurance professionals within the local economy.
Salary Overview
The average Insurance Sales Agents in Utica-Rome, NY earns+16.6%above the national average.
$45.7
$1,828
$7,921
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 Utica-Rome have experienced steady growth over the past four years, mirroring national trends. Factors such as evolving insurance products, increased regulatory complexity, and a persistent need for financial protection likely contribute to upward pressure on compensation.
Insurance Sales Agents Salary Distribution in Utica-Rome, NY
Career progression for Insurance Sales Agents in Utica-Rome typically correlates with experience, leading to substantial salary increases. Entry-level positions might start closer to the lower end of the pay scale, but with demonstrated success and expertise, agents can advance to senior roles commanding significantly higher earnings, with percentile gaps reflecting this valuable career trajectory.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $46,010 | $22.1 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $71,288 | $34.3 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $68,480 | $32.9 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $118,813 | $57.1 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $156,000 | $75 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$95,050
Gross Pay
Real Wage (Purchasing Power)
$95,050
Adjusted for COL (100)
The average annual salary of $95,050 in Utica-Rome, NY, presents a strong financial proposition, especially when juxtaposed with a Cost of Living Index of 100, which is precisely the national average. This means that the purchasing power of an agent's income in Utica-Rome is equivalent to the national standard, allowing for a comfortable lifestyle without the added financial strain of a higher cost of living.
Job Market Context
280
Total Jobs
2.394
Per 1K Jobs
0.79
Location Quotient
Utica-Rome, NY has 0.79x 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 0.79, the Utica-Rome market for Insurance Sales Agents is slightly less concentrated than the national average. This indicates that while the profession is established, there may be fewer agents per capita compared to other regions, potentially offering a competitive edge for skilled professionals entering or already established in the local job market.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Syracuse, NY Insurance Sales Agents Salary | $89,410↓ 6% | 46 mi |
| Southwest New York nonmetropolitan area Insurance Sales Agents Salary | $64,580↓ 32% | 66 mi |
| Central East New York nonmetropolitan area Insurance Sales Agents Salary | $84,500↓ 11% | 66 mi |
| Capital/Northern New York nonmetropolitan area Insurance Sales Agents Salary | $76,170↓ 20% | 66 mi |
| Watertown-Fort Drum, NY Insurance Sales Agents Salary | $91,820↓ 3% | 70 mi |
Comparing salaries near Utica-Rome, NY
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Utica-Rome, NY?
The median annual salary for a Insurance Sales Agents in Utica-Rome, NY is $95,050. This typically ranges from $46,010 for entry-level positions to $156,000 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Utica-Rome, NY is 16.6% higher than the national median of $81,510.
Is Utica-Rome, NY a lucrative place for Insurance Sales Agentss?
Yes, Utica-Rome, NY offers a lucrative environment for Insurance Sales Agents.The average salary of $95,050 significantly exceeds the national average, and with a Cost of Living Index at 100, your earnings maintain strong purchasing power.
Is Utica-Rome, NY a good place to live for Insurance Sales Agents?
The Cost of Living Index in Utica-Rome, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Utica-Rome, NY?
Some top paying nearby cities include Syracuse, NY ($89,410) and Southwest New York nonmetropolitan area.
How does the Utica-Rome salary compare to the national average?
Insurance Sales Agents in Utica-Rome earn an average of $95,050 annually, which is notably higher than the national average of $81,510.
What is the concentration of Insurance Sales Agents in Utica-Rome?
The Location Quotient for Insurance Sales Agents in Utica-Rome is 0.79, indicating a slightly lower concentration compared to the national average.
How does the Cost of Living affect the salary in Utica-Rome?
The Cost of Living Index in Utica-Rome is 100, matching the national average. This means the higher local salary of $95,050 offers equivalent purchasing power to the national average salary.
What is the total number of Insurance Sales Agents in Utica-Rome?
There are approximately 280 Insurance Sales Agents employed in the Utica-Rome, NY area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 280 employees in the Utica-Rome, NY area with a job density of 2.394 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 Utica-Rome, NY