The annual salary statistics of insurance sales agents in Lake Havasu City-Kingman, Arizona is shown in Table 1. The wage data of insurance sales agents in Lake Havasu City-Kingman 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 | $30,640 |
| 25th Percentile Wage | $42,710 |
| 50th Percentile Wage | $47,640 |
| 75th Percentile Wage | $57,520 |
| 90th Percentile Wage | $74,700 |
Table 1 shows the average annual salary for insurance sales agents in Lake Havasu City-Kingman, Arizona in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $74,700. The median (50th percentile) annual salary is $47,640. The average annual salary for the bottom 10 percent earners is $30,640.
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 | $47,640 | 20.42% | 23.24% |
| 2021 | $37,910 | -3.48% | - |
| 2020 | $39,230 | 0.18% | - |
| 2019 | $39,160 | 11.49% | - |
| 2018 | $34,660 | 9.09% | - |
| 2016 | $31,510 | 2.48% | - |
| 2015 | $30,730 | -9.93% | - |
| 2014 | $33,780 | -6.69% | - |
| 2013 | $36,040 | -1.47% | - |
| 2012 | $36,570 | - | - |
From Table 3 we note that the median annual salary of $47,640 in Lake Havasu City-Kingman is in the middle of salary range for insurance sales agents in state of Arizona. In comparison, the annual salary of insurance sales agents in Lake Havasu City-Kingman is 18.1 percent (18.1%) lower than that in the highest paying Phoenix-Mesa-Glendale and 20.3 percent (20.3%) higher than that in the lowest paying Southeast Arizona nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Phoenix-Mesa-Glendale | |
| Flagstaff | |
| Lake Havasu City-Kingman | |
| Sierra Vista-Douglas | |
| Tucson | |
| Prescott | |
| Yuma | |
| North Arizona nonmetropolitan area | |
| Southeast Arizona nonmetropolitan area |