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Occupational Employment and Wage Statistics

Occupational Employment and Wages, May 2020

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)
409,950 1.1 % $ 33.22 $ 69,100 0.9 %

Percentile wage estimates for Insurance Sales Agents:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $ 13.94 $ 18.07 $ 25.08 $ 38.08 $ 61.46
Annual Wage (2) $ 29,000 $ 37,590 $ 52,180 $ 79,200 $ 127,840


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 317,070 26.59 $ 32.36 $ 67,300
Insurance Carriers 77,640 6.44 $ 36.83 $ 76,600
Management of Companies and Enterprises 1,840 0.08 $ 37.63 $ 78,280
Credit Intermediation and Related Activities (5221 and 5223 only) 1,580 0.08 $ 38.05 $ 79,140
Travel Arrangement and Reservation Services 1,420 0.78 $ 26.27 $ 54,640

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 317,070 26.59 $ 32.36 $ 67,300
Insurance Carriers 77,640 6.44 $ 36.83 $ 76,600
Insurance and Employee Benefit Funds 210 3.02 $ 31.33 $ 65,170
Travel Arrangement and Reservation Services 1,420 0.78 $ 26.27 $ 54,640
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 1,250 0.13 $ 37.48 $ 77,950

Top paying industries for Insurance Sales Agents:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Credit Intermediation and Related Activities (5221 and 5223 only) 1,580 0.08 $ 38.05 $ 79,140
Management of Companies and Enterprises 1,840 0.08 $ 37.63 $ 78,280
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 1,250 0.13 $ 37.48 $ 77,950
Insurance Carriers 77,640 6.44 $ 36.83 $ 76,600
Business, Professional, Labor, Political, and Similar Organizations 190 0.05 $ 36.79 $ 76,520


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.





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 39,680 2.42 0.82 $ 36.31 $ 75,520
Texas 34,260 2.83 0.96 $ 32.80 $ 68,220
Florida 33,360 3.95 1.34 $ 29.60 $ 61,570
New York 22,630 2.60 0.88 $ 44.82 $ 93,220
Illinois 15,540 2.76 0.94 $ 32.79 $ 68,200




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 4,430 4.70 1.60 $ 35.47 $ 73,770
South Dakota 1,900 4.62 1.57 $ 34.92 $ 72,640
Iowa 6,710 4.57 1.55 $ 34.21 $ 71,150
Rhode Island 1,850 4.17 1.41 $ 37.96 $ 78,960
Connecticut 6,350 4.12 1.40 $ 33.48 $ 69,630




Top paying states for Insurance Sales Agents:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
District of Columbia 470 0.69 0.23 $ 48.94 $ 101,790
New York 22,630 2.60 0.88 $ 44.82 $ 93,220
Alabama 6,110 3.21 1.09 $ 39.59 $ 82,340
Wisconsin 7,810 2.88 0.98 $ 38.41 $ 79,890
Oregon 4,950 2.74 0.93 $ 38.04 $ 79,130





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 21,600 2.44 0.83 $ 44.54 $ 92,650
Los Angeles-Long Beach-Anaheim, CA 15,260 2.62 0.89 $ 30.14 $ 62,680
Chicago-Naperville-Elgin, IL-IN-WI 12,140 2.78 0.94 $ 34.56 $ 71,890
Dallas-Fort Worth-Arlington, TX 11,240 3.13 1.06 $ 42.00 $ 87,360
Miami-Fort Lauderdale-West Palm Beach, FL 10,290 4.10 1.39 $ 29.44 $ 61,230
Atlanta-Sandy Springs-Roswell, GA 9,580 3.64 1.23 $ 31.50 $ 65,510
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 7,830 2.90 0.98 $ 33.52 $ 69,720
Tampa-St. Petersburg-Clearwater, FL 7,460 5.72 1.94 $ 32.53 $ 67,650
Seattle-Tacoma-Bellevue, WA 6,710 3.43 1.16 $ 36.62 $ 76,170
Houston-The Woodlands-Sugar Land, TX 6,440 2.17 0.74 $ 29.77 $ 61,910




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)
Hot Springs, AR 260 7.40 2.51 $ 22.13 $ 46,040
Macon, GA 650 6.74 2.29 $ 28.21 $ 58,670
Des Moines-West Des Moines, IA 2,370 6.67 2.26 $ 40.99 $ 85,250
Bloomington, IN 430 6.28 2.13 $ 18.43 $ 38,340
Lynchburg, VA 580 5.99 2.03 $ 22.99 $ 47,810
Bloomington, IL 490 5.97 2.03 $ 23.39 $ 48,640
Enid, OK 130 5.86 1.99 $ 20.58 $ 42,800
Tampa-St. Petersburg-Clearwater, FL 7,460 5.72 1.94 $ 32.53 $ 67,650
Hartford-West Hartford-East Hartford, CT 3,050 5.55 1.88 $ 33.84 $ 70,400
San Antonio-New Braunfels, TX 5,280 5.26 1.79 $ 30.13 $ 62,680




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)
San Francisco-Oakland-Hayward, CA 5,110 2.19 0.74 $ 52.66 $ 109,540
Birmingham-Hoover, AL 2,490 5.00 1.70 $ 50.88 $ 105,840
Fond du Lac, WI 70 1.65 0.56 $ 50.57 $ 105,190
Glens Falls, NY 70 1.57 0.53 $ 50.49 $ 105,010
Manchester, NH 300 2.80 0.95 $ 48.21 $ 100,280
Sacramento--Roseville--Arden-Arcade, CA 3,660 3.78 1.28 $ 46.80 $ 97,340
San Jose-Sunnyvale-Santa Clara, CA 1,430 1.30 0.44 $ 46.35 $ 96,410
Utica-Rome, NY (8) (8) (8) $ 46.33 $ 96,370
Eugene, OR 410 2.79 0.95 $ 46.11 $ 95,900
Milwaukee-Waukesha-West Allis, WI 2,500 3.11 1.06 $ 45.30 $ 94,230

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 1,390 3.67 1.24 $ 27.76 $ 57,740
Balance of Lower Peninsula of Michigan nonmetropolitan area 810 3.29 1.12 $ 27.07 $ 56,300
Piedmont North Carolina nonmetropolitan area 750 3.05 1.04 $ 23.83 $ 49,560
North Northeastern Ohio nonmetropolitan area (noncontiguous) 740 2.38 0.81 $ 27.96 $ 58,160
Southeast Iowa nonmetropolitan area 730 3.48 1.18 $ 28.56 $ 59,400

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 290 7.62 2.58 $ 24.91 $ 51,820
East-Central Montana nonmetropolitan area 360 5.58 1.89 (8) (8)
Northeast Iowa nonmetropolitan area 520 5.35 1.82 (8) (8)
Northeast Nebraska nonmetropolitan area 490 5.34 1.81 $ 42.95 $ 89,340
East South Dakota nonmetropolitan area 650 5.11 1.74 $ 32.03 $ 66,620

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)
Northeast Nebraska nonmetropolitan area 490 5.34 1.81 $ 42.95 $ 89,340
Connecticut nonmetropolitan area 100 3.39 1.15 $ 41.03 $ 85,340
West Central-Southwest New Hampshire nonmetropolitan area 170 1.75 0.59 $ 39.41 $ 81,970
Mountain North Carolina nonmetropolitan area 290 2.35 0.80 $ 39.26 $ 81,650
Western Wyoming nonmetropolitan area 140 1.48 0.50 $ 38.63 $ 80,340


About May 2020 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 2020 National Occupational Employment and Wage Estimates

May 2020 State Occupational Employment and Wage Estimates

May 2020 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2020 National Industry-Specific Occupational Employment and Wage Estimates

May 2020 Occupation Profiles

Technical Notes

 

Last Modified Date: March 31, 2021