Average Insurance Sales Agents Salary in Yakima, WA
Insurance Sales Agents in Yakima, WA, earn an average annual salary of $57,550. This figure is notably lower than the national average of $81,510, reflecting regional economic factors and market demand specific to the Yakima area. Localized economic conditions and the cost of doing business often dictate these salary variations.
Executive Summary
- Average Salary: $57,550 per year.
- Growth Trend: Salaries have shifted 4.2% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $74,120.
- Outlook: With a total local workforce of 220 Insurance Sales Agents, Yakima presents a moderate employment landscape for this profession. The Location Quotient of 0.73 indicates that the concentration of these roles is slightly below the national average, suggesting a stable but not rapidly expanding market. The rate of 2.221 jobs per 1,000 workers further supports the notion of a consistent, albeit not booming, demand for insurance sales expertise in the region.
Salary Overview
The average Insurance Sales Agents in Yakima, WA earns-29.4%below the national average.
$27.7
$1,107
$4,796
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for Yakima is not provided, it is generally observed that salaries for Insurance Sales Agents across the nation have seen a steady upward trend over the past four years, driven by inflation and increasing demand for financial services. It is reasonable to assume that Yakima's market has likely mirrored this general trend, with incremental salary growth for experienced professionals, though potentially at a different pace than major metropolitan areas.
Insurance Sales Agents Salary Distribution in Yakima, WA
Career progression for Insurance Sales Agents in Yakima, WA, typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned agents with established client bases and a proven track record can command higher salaries. The percentile gaps between junior and senior roles signify substantial earning potential and career advancement opportunities within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $39,500 | $19 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $43,163 | $20.8 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $42,800 | $20.6 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $71,938 | $34.6 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $74,120 | $35.6 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$57,550
Gross Pay
Real Wage (Purchasing Power)
$57,550
Adjusted for COL (100)
The average annual salary of $57,550 in Yakima, WA, 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 Yakima is equivalent to the national average, indicating a balanced economic environment where the nominal salary effectively covers standard living expenses without a significant premium or discount.
Job Market Context
220
Total Jobs
2.221
Per 1K Jobs
0.73
Location Quotient
Yakima, WA has 0.73x 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.
Yakima, WA, has a Location Quotient of 0.73 for Insurance Sales Agents, signifying that the concentration of these professionals is 27% lower than the national average. This suggests that the job market is less saturated compared to national benchmarks, potentially offering more opportunities for new entrants or those seeking to establish themselves. While not a hub for the profession, the lower concentration could translate to less intense competition for available roles.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Wenatchee-East Wenatchee, WA Insurance Sales Agents Salary | $62,680↑ 9% | 59 mi |
| Kennewick-Richland, WA Insurance Sales Agents Salary | $56,190↓ 2% | 71 mi |
| Western Washington nonmetropolitan area Insurance Sales Agents Salary | $60,030↑ 4% | 71 mi |
| Eastern Washington nonmetropolitan area Insurance Sales Agents Salary | $64,710↑ 12% | 71 mi |
Comparing salaries near Yakima, WA
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Yakima, WA?
The median annual salary for a Insurance Sales Agents in Yakima, WA is $57,550. This typically ranges from $39,500 for entry-level positions to $74,120 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Yakima, WA is 29.4% lower than the national median of $81,510.
Is Yakima, WA a lucrative place for Insurance Sales Agentss?
No, not exceptionally lucrative compared to the national average.The average salary of $57,550 is significantly below the national average of $81,510, although the cost of living is on par with the national average.
Is Yakima, WA a good place to live for Insurance Sales Agents?
The Cost of Living Index in Yakima, WA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Yakima, WA?
Some top paying nearby cities include Wenatchee-East Wenatchee, WA ($62,680) and Kennewick-Richland, WA.
How does Yakima's Insurance Sales Agent salary compare to the national average?
Insurance Sales Agents in Yakima, WA, earn an average of $57,550 annually, which is considerably lower than the national average of $81,510.
What is the concentration of Insurance Sales Agents in Yakima, WA?
The concentration, measured by the Location Quotient, is 0.73, indicating that Insurance Sales Agents are less prevalent in Yakima compared to the national average.
Does the cost of living in Yakima affect the salary?
Yakima's Cost of Living Index is 100, matching the national average. This means the $57,550 salary has purchasing power equivalent to the national average, suggesting a balanced economic environment.
What does the job market look like for Insurance Sales Agents in Yakima?
The market is stable with a total workforce of 220, and 2.221 jobs per 1,000 workers, indicating consistent demand without being overly competitive.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Yakima, WA area with a job density of 2.221 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 Yakima, WA