The annual salary statistics of insurance sales agents in Birmingham-Hoover, Alabama is shown in Table 1. The wage data of insurance sales agents in Birmingham-Hoover is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $21,970 |
| 25th Percentile Wage | $36,700 |
| 50th Percentile Wage | $59,660 |
| 75th Percentile Wage | $99,650 |
| 90th Percentile Wage | $128,500 |
Table 1 shows the average annual salary for insurance sales agents in Birmingham-Hoover, Alabama in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $128,500. The median (50th percentile) annual salary is $59,660. The average annual salary for the bottom 10 percent earners is $21,970.
The table and chart below show the trend of the median salary of insurance sales agents from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $59,660 | 11.78% | 27.76% |
| 2021 | $52,630 | -60.59% | - |
| 2020 | $84,520 | 7.09% | - |
| 2019 | $78,530 | 7.27% | - |
| 2018 | $72,820 | 16.11% | - |
| 2017 | $61,090 | 7.27% | - |
| 2016 | $56,650 | 19.36% | - |
| 2015 | $45,680 | -0.83% | - |
| 2014 | $46,060 | 9.38% | - |
| 2013 | $41,740 | -3.26% | - |
| 2012 | $43,100 | - | - |
From Table 3 we note that the median annual salary of $59,660 in Birmingham-Hoover is in the middle of salary range for insurance sales agents in state of Alabama. In comparison, the annual salary of insurance sales agents in Birmingham-Hoover is 6.3 percent (6.3%) lower than that in the highest paying Decatur and 38.1 percent (38.1%) higher than that in the lowest paying Florence-Muscle Shoals.