Average Insurance Sales Agents Salary in Wichita, KS
Insurance Sales Agents in Wichita, KS, earn an average annual salary of $66,350. This figure is notably below the national average of $81,510, suggesting that local market dynamics, such as demand and the overall economic landscape of Wichita, play a significant role in compensation levels.
Executive Summary
- Average Salary: $66,350 per year.
- Growth Trend: Salaries have shifted 31.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $111,030.
- Outlook: With a local workforce of 800 Insurance Sales Agents, Wichita presents a stable, albeit not exceptionally concentrated, job market. The Location Quotient of 0.86 indicates a presence that is slightly below the national average, implying a steady but not rapidly expanding demand for these professionals within the region.
Salary Overview
The average Insurance Sales Agents in Wichita, KS earns-18.6%below the national average.
$31.9
$1,276
$5,529
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the insurance sales sector, like many others, has experienced moderate salary growth over the past four years. This growth is typically driven by inflation, evolving market demands, and the increasing complexity of insurance products, leading to a gradual upward trend in compensation for experienced agents.
Insurance Sales Agents Salary Distribution in Wichita, KS
Career progression for Insurance Sales Agents in Wichita is clearly reflected in salary potential. Entry-level positions typically start at lower percentiles, while seasoned professionals with proven sales records and specialized knowledge can command salaries in the higher percentiles, often exceeding $80,000 annually. These percentile gaps highlight significant opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $29,870 | $14.4 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $49,763 | $23.9 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $51,910 | $25 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $82,938 | $39.9 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $111,030 | $53.4 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$66,350
Gross Pay
Real Wage (Purchasing Power)
$66,350
Adjusted for COL (100)
The nominal average salary of $66,350 in Wichita, KS, 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 Wichita is equivalent to the national average, indicating a balanced economic environment where the cost of goods and services is neither significantly higher nor lower than the rest of the country.
Job Market Context
800
Total Jobs
2.605
Per 1K Jobs
0.86
Location Quotient
Wichita, KS has 0.86x 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 0.86 for Insurance Sales Agents in Wichita suggests that the concentration of these professionals is slightly lower than the national average. This implies that while the market is established, there may be fewer agents per capita compared to other regions, potentially offering a competitive edge for skilled individuals entering or already established in the Wichita market.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Kansas nonmetropolitan area Insurance Sales Agents Salary | $55,760↓ 16% | 67 mi |
| Enid, OK Insurance Sales Agents Salary | $52,820↓ 20% | 93 mi |
Comparing salaries near Wichita, KS
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Wichita, KS?
The median annual salary for a Insurance Sales Agents in Wichita, KS is $66,350. This typically ranges from $29,870 for entry-level positions to $111,030 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Wichita, KS is 18.6% lower than the national median of $81,510.
Is Wichita, KS a lucrative place for Insurance Sales Agentss?
No, not exceptionally lucrative compared to the national average.While the average salary of $66,350 is stable, it falls significantly 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 equivalent nationally.
Is Wichita, KS a good place to live for Insurance Sales Agents?
The Cost of Living Index in Wichita, KS is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Wichita, KS?
Some top paying nearby cities include Kansas nonmetropolitan area ($55,760) and Enid, OK.
How does experience impact an Insurance Sales Agent's salary in Wichita?
Experience is a key driver of salary growth. Entry-level agents may earn closer to the lower end of the salary range, while experienced agents with a strong track record can significantly increase their earnings, potentially reaching into higher salary percentiles.
What is the job market like for Insurance Sales Agents in Wichita?
The job market is stable with a workforce of 800 agents. The Location Quotient of 0.86 indicates a presence slightly below the national average, suggesting steady demand without intense competition.
How does Wichita's cost of living affect the salary?
Wichita's Cost of Living Index is exactly 100, matching the national average. This means the $66,350 salary has the same purchasing power in Wichita as the national average salary does across the U.S.
Should I consider relocating to Wichita for an Insurance Sales Agent role?
If you are seeking a stable market with a cost of living on par with the national average, Wichita could be a consideration. However, be aware that the average salary is lower than the national average, so weigh this against potential lifestyle benefits.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 800 employees in the Wichita, KS area with a job density of 2.605 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 Wichita, KS