Average Insurance Sales Agents Salary in Youngstown-Warren, OH
Insurance Sales Agents in Youngstown-Warren, OH, can expect an average annual salary of $58,300. This figure is notably lower than the national average of $81,510, suggesting that local market dynamics and potentially lower demand contribute to this compensation level. The specific economic conditions and insurance market saturation within the Youngstown-Warren region play a significant role in shaping these earnings.
Executive Summary
- Average Salary: $58,300 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $78,300.
- Outlook: The Youngstown-Warren, OH, job market for Insurance Sales Agents appears stable, with a total local workforce of 570 individuals. The Location Quotient of 1.17 indicates a slightly higher concentration of these professionals compared to the national average, suggesting a steady, albeit not booming, demand for their services within the region. This concentration implies that while the market is not oversaturated, there is a consistent need for insurance expertise.
Salary Overview
The average Insurance Sales Agents in Youngstown-Warren, OH earns-28.5%below the national average.
$28
$1,121
$4,858
Insurance Sales Agents Salary Trends (2020-2024)
While specific historical data for Youngstown-Warren is not provided, it's reasonable to assume that salaries for Insurance Sales Agents have seen gradual growth over the past four years, mirroring national trends. Economic recovery, evolving insurance needs, and inflation typically drive modest annual increases in compensation for sales professionals in this sector.
Insurance Sales Agents Salary Distribution in Youngstown-Warren, OH
Salary progression for Insurance Sales Agents in Youngstown-Warren, OH, typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned agents with a proven track record and established client base can command significantly higher salaries. The percentile gaps in earnings highlight the substantial career growth potential and the rewards for developing expertise and sales acumen.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $36,300 | $17.5 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $43,725 | $21 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $49,340 | $23.7 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $72,875 | $35 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $78,300 | $37.6 |
Detailed Insurance Sales Agents Market Analysis
Relocation Context
Nominal Salary
$58,300
Gross Pay
Real Wage (Purchasing Power)
$58,300
Adjusted for COL (100)
With an average annual salary of $58,300 and a Cost of Living Index of 100 (on par with the national average), the nominal income in Youngstown-Warren, OH, offers purchasing power equivalent to the national median. This means that while the salary is below the national average, the cost of essential goods and services is not higher, providing a balanced financial standing for residents.
Job Market Context
570
Total Jobs
3.561
Per 1K Jobs
1.17
Location Quotient
With a location quotient of 1.17, Youngstown-Warren, OH has a slightly higher-than-average concentration of Insurance Sales Agents roles compared to the national norm.
The Location Quotient of 1.17 for Insurance Sales Agents in Youngstown-Warren, OH, signifies a market with a slightly higher concentration of these professionals than the national average. This suggests a healthy, competitive environment where demand is present and slightly exceeds the national proportion of the workforce. It indicates that the region supports a dedicated segment of insurance sales professionals.
Nearby Job Markets
Nearby Cities for Insurance Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Canton-Massillon, OH Insurance Sales Agents Salary | $70,910↑ 22% | 43 mi |
| Akron, OH Insurance Sales Agents Salary | $69,510↑ 19% | 46 mi |
| Weirton-Steubenville, WV-OH Insurance Sales Agents Salary | $53,520↓ 8% | 48 mi |
| Pittsburgh, PA Insurance Sales Agents Salary | $70,010↑ 20% | 57 mi |
| Cleveland, OH Insurance Sales Agents Salary | $87,910↑ 51% | 60 mi |
Comparing salaries near Youngstown-Warren, OH
Hiring Insurance Sales Agentss?
Frequently Asked Questions
How much does a Insurance Sales Agents make in Youngstown-Warren, OH?
The median annual salary for a Insurance Sales Agents in Youngstown-Warren, OH is $58,300. This typically ranges from $36,300 for entry-level positions to $78,300 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Youngstown-Warren, OH is 28.5% lower than the national median of $81,510.
Is Youngstown-Warren, OH a lucrative place for Insurance Sales Agentss?
No, it is not a particularly lucrative place compared to the national average.The average salary of $58,300 is significantly lower than the national average of $81,510. However, the cost of living is at the national average, meaning the purchasing power is comparable, but the earning potential is less.
Is Youngstown-Warren, OH a good place to live for Insurance Sales Agents?
The Cost of Living Index in Youngstown-Warren, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Youngstown-Warren, OH?
Some top paying nearby cities include Canton-Massillon, OH ($70,910) and Akron, OH.
How does the number of Insurance Sales Agents in Youngstown-Warren compare nationally?
With 3.561 jobs per 1,000 workers, the concentration is slightly above the national average, indicating a steady presence of these professionals in the local job market.
What is the total number of Insurance Sales Agents in Youngstown-Warren?
The total local workforce for Insurance Sales Agents in Youngstown-Warren, OH, is approximately 570 individuals.
Does experience impact salary for Insurance Sales Agents in this area?
Yes, experience is a key driver of salary increases, with senior agents earning substantially more than entry-level professionals, reflecting career progression and skill development.
How does the cost of living affect the Youngstown-Warren salary?
The cost of living index is 100, meaning it's average nationally. Therefore, the $58,300 salary provides average purchasing power, despite being below the national average salary.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 570 employees in the Youngstown-Warren, OH area with a job density of 3.561 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 Youngstown-Warren, OH