Average Insurance Sales Agents Salary in West Tennessee nonmetropolitan area
Insurance Sales Agents in the West Tennessee nonmetropolitan area earn an average annual salary of $48,980. This figure is significantly lower than the national average of $81,510. The prevailing local economic conditions and a smaller concentration of this specific role contribute to this pay differential.
Executive Summary
- Average Salary: $48,980 per year.
- Growth Trend: Salaries have shifted 8.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $83,080.
- Outlook: With a total local workforce of 230 Insurance Sales Agents, the demand in this nonmetropolitan area appears stable but not exceptionally high. The location quotient of 0.65 suggests that this profession is less concentrated here compared to the national average, indicating a moderate job market for aspiring agents.
Salary Overview
The average Insurance Sales Agents in West Tennessee nonmetropolitan area earns-39.9%below the national average.
$23.6
$942
$4,082
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 Tennessee nonmetropolitan areas have experienced gradual growth over the past four years, mirroring general economic trends and inflation adjustments. This growth would likely be influenced by local market dynamics and the overall health of the insurance industry within the region.
Insurance Sales Agents Salary Distribution in West Tennessee nonmetropolitan area
Salary progression for Insurance Sales Agents typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with a proven track record and established client base can command significantly higher earnings. The percentile gaps in salary distribution highlight the substantial career advancement opportunities available through skill development and performance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $29,210 | $14 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $36,735 | $17.7 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $37,770 | $18.2 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $61,225 | $29.4 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $83,080 | $39.9 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$48,980
Gross Pay
Real Wage (Purchasing Power)
$48,980
Adjusted for COL (100)
The nominal average salary of $48,980 in West Tennessee nonmetropolitan areas aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of an Insurance Sales Agent's salary in this region is comparable to the national standard, offering a balanced lifestyle without significant financial strain due to living expenses.
Job Market Context
230
Total Jobs
1.97
Per 1K Jobs
0.65
Location Quotient
West Tennessee nonmetropolitan area has 0.65x 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 0.65 indicates that Insurance Sales Agents are less prevalent in the West Tennessee nonmetropolitan area compared to the national landscape. This suggests a less saturated job market, which could present opportunities for dedicated professionals, but also implies a potentially smaller pool of specialized roles and industry support compared to more concentrated metropolitan areas.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin, TN Insurance Sales Agents Salary | $70,260↑ 43% | 29 mi |
| Clarksville, TN-KY Insurance Sales Agents Salary | $62,640↑ 28% | 67 mi |
| Huntsville, AL Insurance Sales Agents Salary | $76,090↑ 55% | 73 mi |
| Florence-Muscle Shoals, AL Insurance Sales Agents Salary | $73,640↑ 50% | 84 mi |
Comparing salaries near West Tennessee nonmetropolitan area
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in West Tennessee nonmetropolitan area?
The median annual salary for a Insurance Sales Agents in West Tennessee nonmetropolitan area is $48,980. This typically ranges from $29,210 for entry-level positions to $83,080 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in West Tennessee nonmetropolitan area is 39.9% lower than the national median of $81,510.
Is West Tennessee nonmetropolitan area a lucrative place for Insurance Sales Agentss?
No, it is not considered lucrative compared to the national average.The average salary of $48,980 is substantially lower than the national average of $81,510, despite the Cost of Living being at the national average.
Is West Tennessee nonmetropolitan area a good place to live for Insurance Sales Agents?
The Cost of Living Index in West Tennessee nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near West Tennessee nonmetropolitan area?
Some top paying nearby cities include Nashville-Davidson--Murfreesboro--Franklin, TN ($70,260) and Clarksville, TN-KY.
How does the number of jobs per 1,000 workers compare nationally?
With 1.97 jobs per 1,000 workers, the concentration of Insurance Sales Agent roles in this nonmetropolitan area is lower than the national average, reflecting a less dense employment landscape for this profession.
What is the impact of a Location Quotient below 1.0?
A Location Quotient of 0.65 signifies that Insurance Sales Agents are less concentrated in West Tennessee nonmetropolitan areas than the national average, suggesting fewer job opportunities relative to the overall workforce.
How does the Cost of Living affect the salary?
Since the Cost of Living Index is 100 (national average), the $48,980 salary in West Tennessee nonmetropolitan areas offers purchasing power equivalent to the national average, meaning expenses are neither significantly higher nor lower.
What does the total local workforce number imply?
A total local workforce of 230 Insurance Sales Agents indicates a relatively small, niche market within the West Tennessee nonmetropolitan area, suggesting that career growth might be more dependent on individual performance and less on broad market expansion.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the West Tennessee nonmetropolitan area area with a job density of 1.97 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 Tennessee nonmetropolitan area