Average Insurance Sales Agents Salary in York-Hanover, PA
Insurance Sales Agents in York-Hanover, PA, earn an average annual salary of $71,660. This figure is notably below the national average of $81,510, suggesting that local market dynamics, such as demand and the cost of doing business, play a significant role in compensation within this region.
Executive Summary
- Average Salary: $71,660 per year.
- Growth Trend: Salaries have shifted 53.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $116,600.
- Outlook: With a total local workforce of 430 Insurance Sales Agents, York-Hanover presents a moderately sized employment landscape for this profession. The Location Quotient of 0.78 indicates a slightly lower concentration of these roles compared to the national average, suggesting a stable but not exceptionally high demand within the immediate area.
Salary Overview
The average Insurance Sales Agents in York-Hanover, PA earns-12.1%below the national average.
$34.5
$1,378
$5,972
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 York-Hanover, PA, have experienced gradual growth over the past four years, mirroring national trends of increasing compensation driven by inflation, evolving market demands, and the increasing complexity of insurance products.
Insurance Sales Agents Salary Distribution in York-Hanover, PA
Career progression for Insurance Sales Agents in York-Hanover, PA, typically involves a salary increase 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 specialized knowledge can command salaries significantly higher than the average, reflected in the percentile gaps within the salary distribution.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $38,440 | $18.5 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $53,745 | $25.8 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $51,760 | $24.9 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $89,575 | $43.1 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $116,600 | $56.1 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$71,660
Gross Pay
Real Wage (Purchasing Power)
$71,660
Adjusted for COL (100)
The average annual salary of $71,660 in York-Hanover, PA, aligns precisely with the national average Cost of Living Index of 100. This means that the nominal salary offers purchasing power equivalent to the national average, indicating a balanced financial landscape where income generally matches the cost of essential goods and services.
Job Market Context
430
Total Jobs
2.365
Per 1K Jobs
0.78
Location Quotient
York-Hanover, PA has 0.78x 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 0.78 for Insurance Sales Agents in York-Hanover, PA, suggests that the job market is less concentrated than the national average. This implies that while opportunities exist, the field may not be oversaturated, potentially offering a competitive environment for skilled agents seeking to establish or advance their careers.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Harrisburg-Carlisle, PA Insurance Sales Agents Salary | $74,650↑ 4% | 23 mi |
| Lancaster, PA Insurance Sales Agents Salary | $83,540↑ 17% | 23 mi |
| Gettysburg, PA Insurance Sales Agents Salary | $61,950↓ 14% | 28 mi |
| Lebanon, PA Insurance Sales Agents Salary | $66,340↓ 7% | 31 mi |
| Baltimore-Columbia-Towson, MD Insurance Sales Agents Salary | $65,800↓ 8% | 47 mi |
Comparing salaries near York-Hanover, PA
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in York-Hanover, PA?
The median annual salary for a Insurance Sales Agents in York-Hanover, PA is $71,660. This typically ranges from $38,440 for entry-level positions to $116,600 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in York-Hanover, PA is 12.1% lower than the national median of $81,510.
Is York-Hanover, PA a lucrative place for Insurance Sales Agentss?
No, it is not exceptionally lucrative compared to the national average.The average salary of $71,660 is below the national average of $81,510, and the cost of living is at the national average, meaning less disposable income compared to higher-paying regions.
Is York-Hanover, PA a good place to live for Insurance Sales Agents?
The Cost of Living Index in York-Hanover, PA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near York-Hanover, PA?
Some top paying nearby cities include Harrisburg-Carlisle, PA ($74,650) and Lancaster, PA.
How does the local workforce size affect opportunities for Insurance Sales Agents in York-Hanover, PA?
A local workforce of 430 indicates a stable, albeit not massive, pool of professionals, suggesting consistent but not rapidly expanding job opportunities within the region.
What does a Location Quotient of 0.78 mean for Insurance Sales Agents in York-Hanover, PA?
A Location Quotient below 1.0 signifies that Insurance Sales Agents are less concentrated in York-Hanover, PA, compared to the national average, implying a potentially less competitive but also less robust job market.
How does the Cost of Living in York-Hanover, PA, impact the $71,660 salary?
With a Cost of Living Index of 100, the $71,660 salary offers purchasing power equivalent to the national average, making it a standard but not exceptionally high standard of living.
Are there many Insurance Sales Agent jobs per 1,000 workers in York-Hanover, PA?
With 2.365 jobs per 1,000 workers, the density of Insurance Sales Agent roles is slightly lower than the national average, indicating moderate employment availability.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 430 employees in the York-Hanover, PA area with a job density of 2.365 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 York-Hanover, PA