Average Insurance Sales Agents Salary in Wilmington, NC
Insurance Sales Agents in Wilmington, NC, earn an impressive average annual salary of $85,240, surpassing the national average of $81,510. This elevated compensation is likely driven by a combination of local market demand and the specific economic landscape of the region, which supports a higher pay scale for this vital profession.
Executive Summary
- Average Salary: $85,240 per year.
- Growth Trend: Salaries have shifted 63.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $127,860.
- Outlook: Wilmington, NC, hosts a robust local workforce of 760 Insurance Sales Agents, with a Location Quotient of 1.34 indicating a higher concentration of these professionals compared to the national average. This suggests a strong and potentially growing demand for insurance services within the area, signaling a healthy job market for agents.
Salary Overview
The average Insurance Sales Agents in Wilmington, NC earns+4.6%above the national average.
$41
$1,639
$7,103
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Insurance Sales Agents in Wilmington, NC, have experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, evolving insurance needs, and increased demand for financial services likely contribute to this upward salary trajectory.
Insurance Sales Agents Salary Distribution in Wilmington, NC
Career progression for Insurance Sales Agents in Wilmington, NC, typically involves significant salary increases with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with established client bases and specialized knowledge can command salaries well above the average, with percentile gaps clearly signifying this advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $30,330 | $14.6 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $63,930 | $30.7 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $56,030 | $26.9 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $106,550 | $51.2 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $127,860 | $61.5 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$85,240
Gross Pay
Real Wage (Purchasing Power)
$85,240
Adjusted for COL (100)
The average annual salary of $85,240 in Wilmington, NC, aligns perfectly with the local Cost of Living Index of 100, which is the national benchmark. This means that the purchasing power of an insurance agent's salary in Wilmington is equivalent to the national average, offering a stable financial environment for residents.
Job Market Context
760
Total Jobs
4.074
Per 1K Jobs
1.34
Location Quotient
With a location quotient of 1.34, Wilmington, NC has a slightly higher-than-average concentration of Insurance Sales Agents roles compared to the national norm.
With a Location Quotient of 1.34, Wilmington, NC, exhibits a notable concentration of Insurance Sales Agents relative to the rest of the country. This suggests that the market is not only stable but potentially more competitive or specialized, offering ample opportunities for skilled agents to thrive and build successful careers.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Jacksonville, NC Insurance Sales Agents Salary | $67,980↓ 20% | 46 mi |
| Myrtle Beach-Conway-North Myrtle Beach, SC Insurance Sales Agents Salary | $58,900↓ 31% | 67 mi |
| Goldsboro, NC Insurance Sales Agents Salary | $68,040↓ 20% | 81 mi |
| Fayetteville, NC Insurance Sales Agents Salary | $75,520↓ 11% | 87 mi |
| Greenville, NC Insurance Sales Agents Salary | $71,230↓ 16% | 100 mi |
Comparing salaries near Wilmington, NC
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Wilmington, NC?
The median annual salary for a Insurance Sales Agents in Wilmington, NC is $85,240. This typically ranges from $30,330 for entry-level positions to $127,860 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Wilmington, NC is 4.6% higher than the national median of $81,510.
Is Wilmington, NC a lucrative place for Insurance Sales Agents?
Yes, Wilmington, NC, presents a lucrative environment for Insurance Sales Agents.The average salary of $85,240 exceeds the national average, and the cost of living is on par with the national index, indicating strong earning potential and purchasing power.
Is Wilmington, NC a good place to live for Insurance Sales Agents?
The Cost of Living Index in Wilmington, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Wilmington, NC?
Some top paying nearby cities include Jacksonville, NC ($67,980) and Myrtle Beach-Conway-North Myrtle Beach, SC.
How does the number of Insurance Sales Agents in Wilmington compare nationally?
Wilmington, NC, has 4.074 Insurance Sales Agents per 1,000 workers, which is higher than the national average, indicating a significant presence of this profession in the local economy.
What is the significance of the Location Quotient (LQ) for Insurance Sales Agents in Wilmington?
An LQ of 1.34 signifies that Wilmington has 34% more Insurance Sales Agents per capita than the national average, suggesting a higher demand or concentration of these roles in the area.
Does experience significantly impact an Insurance Sales Agent's salary in Wilmington?
Yes, experience is a key driver of salary growth for Insurance Sales Agents. Senior agents with proven track records and client portfolios typically earn substantially more than entry-level professionals.
How does the local job market for Insurance Sales Agents appear in Wilmington?
The job market appears robust, supported by a substantial local workforce and a higher-than-average concentration of agents, indicating consistent demand for insurance services.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 760 employees in the Wilmington, NC area with a job density of 4.074 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 Wilmington, NC