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Occupational Employment and Wage Statistics

Occupational Employment and Wages, May 2023

41-3021 Insurance Sales Agents

Sell life, property, casualty, health, automotive, or other types of insurance. May refer clients to independent brokers, work as an independent broker, or be employed by an insurance company.


National estimates for Insurance Sales Agents
Industry profile for Insurance Sales Agents
Geographic profile for Insurance Sales Agents

National estimates for Insurance Sales Agents:

Employment estimate and mean wage estimates for Insurance Sales Agents:

Employment (1) Employment
RSE (3)
Mean hourly
wage
Mean annual
wage (2)
Wage RSE (3)
457,510 1.2 % $ 38.32 $ 79,700 1.7 %

Percentile wage estimates for Insurance Sales Agents:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $ 16.80 $ 20.89 $ 28.40 $ 40.11 $ 64.62
Annual Wage (2) $ 34,940 $ 43,440 $ 59,080 $ 83,420 $ 134,420


Industry profile for Insurance Sales Agents:

Industries with the highest published employment and wages for Insurance Sales Agents are provided. For a list of all industries with employment in Insurance Sales Agents, see the Create Customized Tables function.

Industries with the highest levels of employment in Insurance Sales Agents:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Agencies, Brokerages, and Other Insurance Related Activities 353,040 26.57 $ 38.03 $ 79,090
Insurance Carriers 79,500 6.50 $ 40.11 $ 83,430
Management of Companies and Enterprises 3,140 0.11 (8) (8)
Travel Arrangement and Reservation Services 2,700 1.43 $ 28.78 $ 59,870
Management, Scientific, and Technical Consulting Services 2,150 0.12 $ 71.38 $ 148,460

Industries with the highest concentration of employment in Insurance Sales Agents:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Agencies, Brokerages, and Other Insurance Related Activities 353,040 26.57 $ 38.03 $ 79,090
Insurance Carriers 79,500 6.50 $ 40.11 $ 83,430
Insurance and Employee Benefit Funds 390 3.42 $ 34.65 $ 72,070
Travel Arrangement and Reservation Services 2,700 1.43 $ 28.78 $ 59,870
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 1,330 0.13 $ 32.89 $ 68,410

Top paying industries for Insurance Sales Agents:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Management, Scientific, and Technical Consulting Services 2,150 0.12 $ 71.38 $ 148,460
Computer Systems Design and Related Services 340 0.01 $ 52.39 $ 108,980
Business, Professional, Labor, Political, and Similar Organizations 100 0.02 $ 42.35 $ 88,080
Insurance Carriers 79,500 6.50 $ 40.11 $ 83,430
Automobile Dealers 630 0.05 $ 38.74 $ 80,580


Geographic profile for Insurance Sales Agents:

States and areas with the highest published employment, location quotients, and wages for Insurance Sales Agents are provided. For a list of all areas with employment in Insurance Sales Agents, see the Create Customized Tables function.



Map of employment of insurance sales agents by state, May 2023


States with the highest employment level in Insurance Sales Agents:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Texas 44,300 3.27 1.08 $ 30.15 $ 62,710
Florida 40,030 4.18 1.39 $ 39.14 $ 81,410
California 39,610 2.21 0.73 $ 42.90 $ 89,230
New York 19,460 2.07 0.69 $ 52.38 $ 108,960
North Carolina 17,720 3.70 1.23 $ 36.00 $ 74,870


Map of location quotient of insurance sales agents by state, May 2023


States with the highest concentration of jobs and location quotients in Insurance Sales Agents:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Nebraska 5,070 5.07 1.68 $ 31.83 $ 66,200
Rhode Island 2,250 4.60 1.53 $ 41.50 $ 86,310
Kansas 6,440 4.56 1.51 $ 39.51 $ 82,170
South Dakota 1,970 4.44 1.47 $ 36.38 $ 75,660
Florida 40,030 4.18 1.39 $ 39.14 $ 81,410


Map of annual mean wages of insurance sales agents by state, May 2023


Top paying states for Insurance Sales Agents:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York 19,460 2.07 0.69 $ 52.38 $ 108,960
New Jersey 11,180 2.66 0.88 $ 51.40 $ 106,910
Illinois 15,690 2.61 0.87 $ 50.55 $ 105,150
Minnesota 8,840 3.07 1.02 $ 48.44 $ 100,750
Massachusetts 10,000 2.74 0.91 $ 48.36 $ 100,590



Map of employment of insurance sales agents by area, May 2023


Metropolitan areas with the highest employment level in Insurance Sales Agents:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York-Newark-Jersey City, NY-NJ-PA 19,190 2.02 0.67 $ 52.92 $ 110,070
Dallas-Fort Worth-Arlington, TX 16,140 4.07 1.35 $ 32.46 $ 67,510
Los Angeles-Long Beach-Anaheim, CA 12,860 2.08 0.69 $ 41.00 $ 85,280
Miami-Fort Lauderdale-West Palm Beach, FL 12,360 4.54 1.51 $ 39.99 $ 83,180
Chicago-Naperville-Elgin, IL-IN-WI 12,310 2.73 0.91 $ 56.11 $ 116,710
Atlanta-Sandy Springs-Roswell, GA 10,690 3.79 1.26 $ 51.53 $ 107,180
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 7,980 2.82 0.94 $ 38.21 $ 79,470
Boston-Cambridge-Nashua, MA-NH 7,880 2.85 0.95 $ 48.47 $ 100,810
Phoenix-Mesa-Scottsdale, AZ 7,580 3.31 1.10 $ 37.53 $ 78,060
Denver-Aurora-Lakewood, CO 7,540 4.74 1.57 $ 37.85 $ 78,730


Map of location quotient of insurance sales agents by area, May 2023


Metropolitan areas with the highest concentration of jobs and location quotients in Insurance Sales Agents:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Des Moines-West Des Moines, IA 2,320 6.04 2.01 $ 40.12 $ 83,440
Kansas City, MO-KS 5,680 5.27 1.75 $ 40.41 $ 84,040
Birmingham-Hoover, AL 2,640 5.18 1.72 $ 48.18 $ 100,220
Indianapolis-Carmel-Anderson, IN 5,590 5.16 1.71 $ 37.28 $ 77,540
Great Falls, MT 180 5.04 1.67 $ 34.47 $ 71,690
Dubuque, IA 290 5.02 1.67 $ 37.52 $ 78,050
Portland-South Portland, ME 1,030 4.99 1.66 $ 39.54 $ 82,230
Omaha-Council Bluffs, NE-IA 2,410 4.98 1.65 $ 33.46 $ 69,590
Rapid City, SD 350 4.92 1.63 $ 29.30 $ 60,950
Tucson, AZ 1,870 4.87 1.62 $ 24.23 $ 50,400


Map of annual mean wages of insurance sales agents by area, May 2023


Top paying metropolitan areas for Insurance Sales Agents:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Utica-Rome, NY 260 2.26 0.75 $ 69.17 $ 143,880
Watertown-Fort Drum, NY 60 1.49 0.49 $ 61.79 $ 128,520
Chicago-Naperville-Elgin, IL-IN-WI 12,310 2.73 0.91 $ 56.11 $ 116,710
Albany-Schenectady-Troy, NY 1,000 2.29 0.76 $ 54.97 $ 114,350
Binghamton, NY 140 1.45 0.48 $ 54.82 $ 114,020
San Francisco-Oakland-Hayward, CA 4,810 1.99 0.66 $ 54.35 $ 113,040
Fond du Lac, WI 120 2.62 0.87 $ 54.18 $ 112,690
Kingston, NY 90 1.66 0.55 $ 53.50 $ 111,280
Minneapolis-St. Paul-Bloomington, MN-WI 6,060 3.17 1.05 $ 53.45 $ 111,170
New York-Newark-Jersey City, NY-NJ-PA 19,190 2.02 0.67 $ 52.92 $ 110,070

Nonmetropolitan areas with the highest employment in Insurance Sales Agents:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Kansas nonmetropolitan area 1,710 4.40 1.46 $ 29.23 $ 60,800
Balance of Lower Peninsula of Michigan nonmetropolitan area 810 3.09 1.02 $ 31.83 $ 66,210
Piedmont North Carolina nonmetropolitan area 770 3.00 1.00 $ 24.50 $ 50,960
North Northeastern Ohio nonmetropolitan area (noncontiguous) 760 2.33 0.77 $ 33.42 $ 69,510
North Texas Region of Texas nonmetropolitan area 750 2.68 0.89 $ 27.98 $ 58,200

Nonmetropolitan areas with the highest concentration of jobs and location quotients in Insurance Sales Agents:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Northeast Nebraska nonmetropolitan area 580 6.23 2.07 $ 32.39 $ 67,370
Northwest Nebraska nonmetropolitan area 230 6.12 2.03 $ 30.31 $ 63,040
East-Central Montana nonmetropolitan area 360 5.71 1.90 $ 29.52 $ 61,400
East South Dakota nonmetropolitan area 710 5.42 1.80 $ 36.72 $ 76,380
Northwest Lower Peninsula of Michigan nonmetropolitan area 630 5.16 1.71 $ 34.80 $ 72,380

Top paying nonmetropolitan areas for Insurance Sales Agents:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Massachusetts nonmetropolitan area 80 1.22 0.41 $ 50.45 $ 104,930
Western Wisconsin nonmetropolitan area 220 1.64 0.54 $ 50.15 $ 104,300
Southwest Minnesota nonmetropolitan area 230 1.94 0.64 $ 49.96 $ 103,910
South Florida nonmetropolitan area 150 1.76 0.58 $ 48.03 $ 99,900
Northeast Alabama nonmetropolitan area 210 1.42 0.47 $ 42.50 $ 88,400


About May 2023 National, State, Metropolitan, and Nonmetropolitan Area Occupational Employment and Wage Estimates

These estimates are calculated with data collected from employers in all industry sectors, all metropolitan and nonmetropolitan areas, and all states and the District of Columbia. The top employment and wage figures are provided above. The complete list is available in the downloadable XLS files.

The percentile wage estimate is the value of a wage below which a certain percent of workers fall. The median wage is the 50th percentile wage estimate—50 percent of workers earn less than the median and 50 percent of workers earn more than the median. More about percentile wages.


(1) Estimates for detailed occupations do not sum to the totals because the totals include occupations not shown separately. Estimates do not include self-employed workers.

(2) Annual wages have been calculated by multiplying the hourly mean wage by a "year-round, full-time" hours figure of 2,080 hours; for those occupations where there is not an hourly wage published, the annual wage has been directly calculated from the reported survey data.

(3) The relative standard error (RSE) is a measure of the reliability of a survey statistic. The smaller the relative standard error, the more precise the estimate.

(8) Estimate not released.

(9) The location quotient is the ratio of the area concentration of occupational employment to the national average concentration. A location quotient greater than one indicates the occupation has a higher share of employment than average, and a location quotient less than one indicates the occupation is less prevalent in the area than average.


Other OEWS estimates and related information:

May 2023 National Occupational Employment and Wage Estimates

May 2023 State Occupational Employment and Wage Estimates

May 2023 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2023 National Industry-Specific Occupational Employment and Wage Estimates

May 2023 Occupation Profiles

Technical Notes

 

Last Modified Date: April 3, 2024