Average Insurance Sales Agents Salary in West North Dakota nonmetropolitan area
Insurance Sales Agents in the West North Dakota nonmetropolitan area earn an impressive average annual salary of $87,880, surpassing the national average of $81,510. This elevated compensation is likely driven by the specialized needs of a less densely populated region and the potential for agents to cover broader territories, necessitating higher earning potential to attract and retain talent.
Executive Summary
- Average Salary: $87,880 per year.
- Growth Trend: Salaries have shifted 21.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $130,090.
- Outlook: With a local workforce of 250 Insurance Sales Agents, the demand in West North Dakota appears stable. The Location Quotient of 0.97 indicates a concentration of these roles that is very close to the national average, suggesting a consistent, albeit not exceptionally high, level of industry presence and ongoing need for professionals in this sector.
Salary Overview
The average Insurance Sales Agents in West North Dakota nonmetropolitan area earns+7.8%above the national average.
$42.3
$1,690
$7,323
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 West North Dakota have experienced growth over the past four years, mirroring national trends. Economic factors and evolving market demands typically lead to incremental increases in compensation for skilled professionals in the insurance industry.
Insurance Sales Agents Salary Distribution in West North Dakota nonmetropolitan area
Career progression for Insurance Sales Agents in West North Dakota typically correlates with increased earnings. Entry-level positions may start at a lower percentile of the salary range, while seasoned professionals with extensive experience and a proven track record can command salaries significantly higher than the average, reflecting their expertise and client base.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $47,860 | $23 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $65,910 | $31.7 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $75,880 | $36.5 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $109,850 | $52.8 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $130,090 | $62.5 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$87,880
Gross Pay
Real Wage (Purchasing Power)
$87,880
Adjusted for COL (100)
The average annual salary of $87,880 in West North Dakota 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 this region is equivalent to the national standard, offering a stable financial environment without significant advantages or disadvantages related to living expenses.
Job Market Context
250
Total Jobs
2.959
Per 1K Jobs
0.97
Location Quotient
West North Dakota nonmetropolitan area has 0.97x 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.
A Location Quotient of 0.97 suggests that the concentration of Insurance Sales Agents in West North Dakota is nearly on par with the national average. This indicates a balanced job market where the number of agents is neither significantly overrepresented nor underrepresented relative to the general workforce, implying a competitive but accessible landscape for new entrants and established professionals.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Bismarck, ND Insurance Sales Agents Salary | $79,390↓ 10% | 68 mi |
| Minot, ND Insurance Sales Agents Salary | $75,360↓ 14% | 85 mi |
Comparing salaries near West North Dakota nonmetropolitan area
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Frequently Asked Questions
How much does a Insurance Sales Agents make in West North Dakota nonmetropolitan area?
The median annual salary for a Insurance Sales Agents in West North Dakota nonmetropolitan area is $87,880. This typically ranges from $47,860 for entry-level positions to $130,090 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in West North Dakota nonmetropolitan area is 7.8% higher than the national median of $81,510.
Is West North Dakota nonmetropolitan area a lucrative place for Insurance Sales Agentss?
Yes, it offers above-average compensation.Insurance Sales Agents in this region earn approximately $6,370 more annually than the national average. Coupled with a cost of living that matches the national average, this makes the area financially attractive for the profession.
Is West North Dakota nonmetropolitan area a good place to live for Insurance Sales Agents?
The Cost of Living Index in West North Dakota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near West North Dakota nonmetropolitan area?
Some top paying nearby cities include Bismarck, ND ($79,390) and Minot, ND.
How does the local workforce size impact job opportunities?
A local workforce of 250 suggests a moderate-sized market. While not as large as metropolitan areas, it indicates a stable demand for Insurance Sales Agents within the region.
What does a Location Quotient of 0.97 signify?
A Location Quotient of 0.97 means that Insurance Sales Agents are slightly less concentrated in West North Dakota compared to the national average. This suggests a healthy market without excessive competition.
How does the Cost of Living Index affect the salary?
With a Cost of Living Index of 100, the $87,880 salary in West North Dakota has the same purchasing power as the national average salary of $81,510 in a national average cost of living area.
Are there many job openings for Insurance Sales Agents in West North Dakota?
The data indicates 2.959 jobs per 1,000 workers, suggesting a steady, consistent demand for Insurance Sales Agents rather than a rapid expansion or contraction.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the West North Dakota nonmetropolitan area area with a job density of 2.959 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 West North Dakota nonmetropolitan area