The annual salary statistics of insurance sales agents in Daphne-Fairhope-Foley, Alabama is shown in Table 1. The wage data of insurance sales agents in Daphne-Fairhope-Foley 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 | $30,040 |
| 25th Percentile Wage | $38,000 |
| 50th Percentile Wage | $59,030 |
| 75th Percentile Wage | $96,940 |
| 90th Percentile Wage | $132,440 |
Table 1 shows the average annual salary for insurance sales agents in Daphne-Fairhope-Foley, Alabama in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $132,440. The median (50th percentile) annual salary is $59,030. The average annual salary for the bottom 10 percent earners is $30,040.
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 | $59,030 | 14.20% | 25.09% |
| 2021 | $50,650 | -6.79% | - |
| 2020 | $54,090 | -4.23% | - |
| 2019 | $56,380 | -8.37% | - |
| 2018 | $61,100 | 10.98% | - |
| 2017 | $54,390 | 18.70% | - |
| 2016 | $44,220 | 16.03% | - |
| 2015 | $37,130 | -19.10% | - |
| 2012 | $44,220 | - | - |
From Table 3 we note that the median annual salary of $59,030 in Daphne-Fairhope-Foley 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 Daphne-Fairhope-Foley is 7.3 percent (7.3%) lower than that in the highest paying Decatur and 37.4 percent (37.4%) higher than that in the lowest paying Florence-Muscle Shoals.
| Cities/Areas | Median Annual Salary |
|---|---|
| Decatur | |
| Auburn-Opelika | |
| Southeast Alabama nonmetropolitan area | |
| Montgomery | |
| Birmingham-Hoover | |
| Daphne-Fairhope-Foley | |
| Northeast Alabama nonmetropolitan area | |
| Tuscaloosa | |
| Northwest Alabama nonmetropolitan area | |
| Mobile | |
| Huntsville | |
| Southwest Alabama nonmetropolitan area | |
| Anniston-Oxford | |
| Dothan | |
| Gadsden | |
| Florence-Muscle Shoals |