The annual salary statistics of insurance sales agents in San Francisco-San Mateo-Redwood City, California is shown in Table 1. The wage data of insurance sales agents in San Francisco-San Mateo-Redwood City 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 | $34,070 |
| 25th Percentile Wage | $53,390 |
| 50th Percentile Wage | $82,810 |
| 75th Percentile Wage | $134,200 |
| 90th Percentile Wage | $198,690 |
Table 1 shows the average annual salary for insurance sales agents in San Francisco-San Mateo-Redwood City, California in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $198,690. The median (50th percentile) annual salary is $82,810. The average annual salary for the bottom 10 percent earners is $34,070.
The table and chart below show the trend of the median salary of insurance sales agents from 2012 to 2017.
| Year | Median Salary | Yearly Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $82,810 | 18.13% | 9.77% |
| 2016 | $67,800 | 1.67% | - |
| 2015 | $66,670 | -6.93% | - |
| 2014 | $71,290 | -0.73% | - |
| 2013 | $71,810 | -4.05% | - |
| 2012 | $74,720 | - | - |
From Table 3 we note that with a median annual salary of $82,810, San Francisco-San Mateo-Redwood City is the second highest paying city for insurance sales agents in state of California, following the highest paying city San Jose-Sunnyvale-Santa Clara (median annual salary of $103,840). Compared with San Jose-Sunnyvale-Santa Clara, the median annual salary of insurance sales agents in San Francisco-San Mateo-Redwood City is 20.3 percent (20.3%) lower.