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Occupational Employment and Wage Statistics

Occupational Employment and Wages, May 2022

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)
445,540 1.3 % $ 37.00 $ 76,950 2.1 %

Percentile wage estimates for Insurance Sales Agents:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $ 15.16 $ 19.25 $ 27.82 $ 39.41 $ 62.67
Annual Wage (2) $ 31,530 $ 40,030 $ 57,860 $ 81,970 $ 130,350


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 338,080 26.46 $ 37.01 $ 76,970
Insurance Carriers 82,140 6.81 $ 38.00 $ 79,040
Management of Companies and Enterprises 3,200 0.12 $ 65.31 $ 135,840
Travel Arrangement and Reservation Services 2,820 1.72 $ 27.35 $ 56,890
Management, Scientific, and Technical Consulting Services 2,230 0.13 $ 40.85 $ 84,970

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 338,080 26.46 $ 37.01 $ 76,970
Insurance Carriers 82,140 6.81 $ 38.00 $ 79,040
Insurance and Employee Benefit Funds 650 6.52 $ 35.77 $ 74,400
Travel Arrangement and Reservation Services 2,820 1.72 $ 27.35 $ 56,890
Wholesale Trade Agents and Brokers 740 0.15 (8) (8)

Top paying industries for Insurance Sales Agents:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Management of Companies and Enterprises 3,200 0.12 $ 65.31 $ 135,840
Outpatient Care Centers 240 0.02 $ 41.27 $ 85,850
Management, Scientific, and Technical Consulting Services 2,230 0.13 $ 40.85 $ 84,970
Health and Personal Care Retailers 40 (7) $ 39.75 $ 82,690
Local Government, excluding schools and hospitals (OEWS Designation) 110 (7) $ 38.59 $ 80,270


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 2022


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)
California 44,190 2.51 0.83 $ 44.55 $ 92,670
Texas 41,230 3.17 1.05 $ 27.18 $ 56,530
Florida 39,430 4.28 1.42 $ 33.53 $ 69,750
New York 20,800 2.28 0.76 $ 50.41 $ 104,850
Pennsylvania 16,900 2.91 0.97 $ 33.12 $ 68,890


Map of location quotient of insurance sales agents by state, May 2022


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 5,110 5.27 1.75 $ 34.67 $ 72,110
South Dakota 2,030 4.66 1.55 $ 34.94 $ 72,670
Montana 2,230 4.55 1.51 $ 32.84 $ 68,310
Iowa 6,760 4.45 1.48 $ 33.44 $ 69,540
Florida 39,430 4.28 1.42 $ 33.53 $ 69,750


Map of annual mean wages of insurance sales agents by state, May 2022


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 20,800 2.28 0.76 $ 50.41 $ 104,850
New Jersey 10,060 2.45 0.81 $ 48.36 $ 100,590
Massachusetts 8,990 2.52 0.84 $ 45.59 $ 94,830
California 44,190 2.51 0.83 $ 44.55 $ 92,670
Minnesota 9,540 3.38 1.12 $ 43.50 $ 90,490



Map of employment of insurance sales agents by area, May 2022


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 19,500 2.12 0.70 $ 53.07 $ 110,390
Los Angeles-Long Beach-Anaheim, CA 16,710 2.74 0.91 $ 41.18 $ 85,650
Dallas-Fort Worth-Arlington, TX 15,080 3.96 1.32 $ 29.74 $ 61,870
Miami-Fort Lauderdale-West Palm Beach, FL 12,350 4.71 1.56 $ 31.65 $ 65,830
Chicago-Naperville-Elgin, IL-IN-WI 10,220 2.31 0.77 $ 77.39 $ 160,980
Atlanta-Sandy Springs-Roswell, GA 9,770 3.58 1.19 $ 46.98 $ 97,730
Phoenix-Mesa-Scottsdale, AZ 7,740 3.49 1.16 $ 33.16 $ 68,970
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 7,720 2.79 0.92 $ 38.83 $ 80,770
Boston-Cambridge-Nashua, MA-NH 6,850 2.53 0.84 $ 46.34 $ 96,390
Minneapolis-St. Paul-Bloomington, MN-WI 6,840 3.63 1.20 $ 46.43 $ 96,570


Map of location quotient of insurance sales agents by area, May 2022


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)
Lakeland-Winter Haven, FL 1,950 7.75 2.57 $ 31.67 $ 65,880
Birmingham-Hoover, AL 3,540 7.07 2.35 $ 38.00 $ 79,050
Columbia, MO 660 6.88 2.28 $ 26.69 $ 55,510
Des Moines-West Des Moines, IA 2,500 6.73 2.24 $ 36.81 $ 76,550
Dubuque, IA 380 6.58 2.18 $ 39.42 $ 81,990
Hot Springs, AR 200 5.31 1.76 $ 27.96 $ 58,150
Great Falls, MT 180 5.18 1.72 $ 31.79 $ 66,130
Spokane-Spokane Valley, WA 1,280 5.14 1.70 $ 29.56 $ 61,490
Omaha-Council Bluffs, NE-IA 2,400 5.08 1.69 $ 36.75 $ 76,450
Sioux Falls, SD 820 5.06 1.68 $ 32.95 $ 68,540


Map of annual mean wages of insurance sales agents by area, May 2022


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)
Chicago-Naperville-Elgin, IL-IN-WI 10,220 2.31 0.77 $ 77.39 $ 160,980
Bloomington, IL 170 1.96 0.65 $ 56.66 $ 117,860
San Jose-Sunnyvale-Santa Clara, CA 1,670 1.49 0.49 $ 53.42 $ 111,120
New York-Newark-Jersey City, NY-NJ-PA 19,500 2.12 0.70 $ 53.07 $ 110,390
Santa Maria-Santa Barbara, CA 310 1.53 0.51 $ 51.89 $ 107,930
Albany-Schenectady-Troy, NY 1,050 2.46 0.82 $ 50.19 $ 104,400
Atlantic City-Hammonton, NJ 240 1.94 0.64 $ 49.97 $ 103,930
Trenton, NJ 540 2.30 0.76 $ 49.57 $ 103,100
Naples-Immokalee-Marco Island, FL 560 3.53 1.17 $ 48.32 $ 100,500
Atlanta-Sandy Springs-Roswell, GA 9,770 3.58 1.19 $ 46.98 $ 97,730

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 1,380 3.59 1.19 $ 30.23 $ 62,870
South Nebraska nonmetropolitan area 800 5.47 1.82 $ 32.69 $ 67,990
Balance of Lower Peninsula of Michigan nonmetropolitan area 800 3.04 1.01 $ 34.04 $ 70,800
Southeast Iowa nonmetropolitan area 790 3.77 1.25 $ 24.64 $ 51,260
North Northeastern Ohio nonmetropolitan area (noncontiguous) 670 2.09 0.69 $ 30.53 $ 63,500

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)
Northwest Nebraska nonmetropolitan area 230 6.03 2.00 $ 30.57 $ 63,580
East-Central Montana nonmetropolitan area 350 5.48 1.82 $ 34.67 $ 72,110
South Nebraska nonmetropolitan area 800 5.47 1.82 $ 32.69 $ 67,990
Northwest Lower Peninsula of Michigan nonmetropolitan area 620 5.12 1.70 $ 36.18 $ 75,250
West South Dakota nonmetropolitan area 310 4.98 1.65 $ 35.48 $ 73,800

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 1.23 0.41 $ 47.48 $ 98,750
West North Dakota nonmetropolitan area 380 3.42 1.13 $ 46.64 $ 97,020
Northeast Alabama nonmetropolitan area 240 1.66 0.55 $ 46.63 $ 96,980
Northwestern Wisconsin nonmetropolitan area 80 1.77 0.59 $ 44.41 $ 92,380
North Georgia nonmetropolitan area 410 2.27 0.75 $ 43.82 $ 91,140


About May 2022 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.

(7) The value is less than .005 percent of industry employment.

(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 2022 National Occupational Employment and Wage Estimates

May 2022 State Occupational Employment and Wage Estimates

May 2022 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2022 National Industry-Specific Occupational Employment and Wage Estimates

May 2022 Occupation Profiles

Technical Notes

 

Last Modified Date: April 25, 2023