Average Insurance Sales Agents Salary in Winston-Salem, NC
Insurance Sales Agents in Winston-Salem, NC, earn an average annual salary of $75,770. This figure is slightly below the national average of $81,510, suggesting that local market dynamics and demand play a significant role in compensation within this North Carolina city. Factors such as the concentration of insurance providers and the overall economic landscape of the region contribute to this localized pay scale.
Executive Summary
- Average Salary: $75,770 per year.
- Growth Trend: Salaries have shifted 42.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $124,480.
- Outlook: The Winston-Salem market for Insurance Sales Agents appears stable, with a total local workforce of 750 individuals. The Location Quotient of 0.9 indicates a concentration that is very close to the national average, suggesting a balanced presence of these professionals. With 2.745 jobs per 1,000 workers, the demand is consistent with national trends, pointing towards a steady job market for skilled agents.
Salary Overview
The average Insurance Sales Agents in Winston-Salem, NC earns-7.0%below the national average.
$36.4
$1,457
$6,314
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for Winston-Salem is not provided, it is reasonable to assume that salaries for Insurance Sales Agents in the region have experienced growth over the past four years, mirroring national trends. Economic expansion, evolving insurance needs, and inflation typically drive upward salary adjustments in most professional fields, including insurance sales.
Insurance Sales Agents Salary Distribution in Winston-Salem, NC
Salary progression for Insurance Sales Agents in Winston-Salem is strongly tied to experience and performance. Entry-level positions typically command lower salaries, while seasoned professionals with a proven track record and specialized knowledge can significantly increase their earning potential. The difference between entry-level and senior-level salaries, often reflected in salary percentiles, highlights the substantial career growth and earning opportunities available through dedication and skill development.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $36,670 | $17.6 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $56,828 | $27.3 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $59,600 | $28.7 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $94,713 | $45.5 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $124,480 | $59.8 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$75,770
Gross Pay
Real Wage (Purchasing Power)
$75,770
Adjusted for COL (100)
For professionals considering a move to Winston-Salem, NC, the average annual salary of $75,770 aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an Insurance Sales Agent's salary in Winston-Salem is equivalent to the national standard, offering a stable financial outlook without significant adjustments needed for daily expenses.
Job Market Context
750
Total Jobs
2.745
Per 1K Jobs
0.9
Location Quotient
Winston-Salem, NC has 0.90x 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 0.9, Winston-Salem's market for Insurance Sales Agents is neither significantly over- nor under-saturated compared to the national average. This suggests a healthy level of competition and opportunity, where skilled agents can find their place without facing extreme market pressures. The consistent demand, as indicated by jobs per 1,000 workers, supports a robust environment for both new entrants and experienced professionals.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Greensboro-High Point, NC Insurance Sales Agents Salary | $88,990↑ 17% | 23 mi |
| Eastern North Carolina nonmetropolitan area Insurance Sales Agents Salary | $62,910↓ 17% | 41 mi |
| Western North Carolina nonmetropolitan area Insurance Sales Agents Salary | $57,170↓ 25% | 41 mi |
| Central North Carolina nonmetropolitan area Insurance Sales Agents Salary | $55,390↓ 27% | 41 mi |
| Burlington, NC Insurance Sales Agents Salary | $68,500↓ 10% | 43 mi |
Comparing salaries near Winston-Salem, NC
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Winston-Salem, NC?
The median annual salary for a Insurance Sales Agents in Winston-Salem, NC is $75,770. This typically ranges from $36,670 for entry-level positions to $124,480 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Winston-Salem, NC is 7.0% lower than the national median of $81,510.
Is Winston-Salem, NC a lucrative place for Insurance Sales Agents?
Yes, it offers a competitive salary aligned with the national average cost of living.The average salary of $75,770 is strong, especially considering the local cost of living is exactly at the national average. This indicates good earning potential relative to expenses.
Is Winston-Salem, NC a good place to live for Insurance Sales Agents?
The Cost of Living Index in Winston-Salem, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Winston-Salem, NC?
Some top paying nearby cities include Greensboro-High Point, NC ($88,990) and Eastern North Carolina nonmetropolitan area.
How does Winston-Salem's average salary compare to the national average?
The average annual salary for Insurance Sales Agents in Winston-Salem, NC, is $75,770, which is slightly lower than the national average of $81,510.
What is the concentration of Insurance Sales Agents in Winston-Salem?
Winston-Salem has a Location Quotient of 0.9 for Insurance Sales Agents, indicating a concentration that is very close to the national average, suggesting a balanced market.
How does the cost of living in Winston-Salem affect salary perception?
The Cost of Living Index in Winston-Salem is 100, matching the national average. This means the $75,770 salary offers purchasing power equivalent to the national standard.
What is the total number of Insurance Sales Agents in Winston-Salem?
There are approximately 750 Insurance Sales Agents working in Winston-Salem, NC.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 750 employees in the Winston-Salem, NC area with a job density of 2.745 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Insurance Sales Agents Salaries by State
Top Jobs in Winston-Salem, NC
- All Occupations Salary in Winston-Salem, NC
- Office and Administrative Support Occupations Salary in Winston-Salem, NC
- Healthcare Practitioners and Technical Occupations Salary in Winston-Salem, NC
- Transportation and Material Moving Occupations Salary in Winston-Salem, NC
- Food Preparation and Serving Related Occupations Salary in Winston-Salem, NC
- Sales and Related Occupations Salary in Winston-Salem, NC
- Production Occupations Salary in Winston-Salem, NC
- Educational Instruction and Library Occupations Salary in Winston-Salem, NC
- Business and Financial Operations Occupations Salary in Winston-Salem, NC
- Management Occupations Salary in Winston-Salem, NC
- Browse All Jobs in Winston-Salem, NC →
Semantic Salary Analysis for Insurance Sales Agents • Data source: BLS OEWS 2024 •Jobs in Winston-Salem, NC