The annual salary statistics of insurance sales agents in North Port-Bradenton-Sarasota, Florida is shown in Table 1. The wage information of insurance sales agents in North Port-Bradenton-Sarasota 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 | $38,360 |
| 25th Percentile Wage | $42,840 |
| 50th Percentile Wage | $45,020 |
| 75th Percentile Wage | $61,240 |
| 90th Percentile Wage | $84,690 |
Table 1 shows the average annual salary for insurance sales agents in North Port-Bradenton-Sarasota, Florida in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $84,690. The median (50th percentile) annual salary is $45,020. The average annual salary for the bottom 10 percent earners is $38,360.
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 | $45,020 | -4.73% | -16.15% |
| 2021 | $47,150 | -16.52% | - |
| 2020 | $54,940 | -1.46% | - |
| 2019 | $55,740 | 4.40% | - |
| 2018 | $53,290 | 7.32% | - |
| 2017 | $49,390 | -0.51% | - |
| 2016 | $49,640 | -4.29% | - |
| 2015 | $51,770 | -10.30% | - |
| 2014 | $57,100 | 7.71% | - |
| 2013 | $52,700 | 0.78% | - |
| 2012 | $52,290 | - | - |
From Table 3 we note that the median annual salary of $45,020 in North Port-Bradenton-Sarasota is in the middle of salary range for insurance sales agents in state of Florida. In comparison, the annual salary of insurance sales agents in North Port-Bradenton-Sarasota is 27.8 percent (27.8%) lower than that in the highest paying Miami-Miami Beach-Kendall and 17.0 percent (17.0%) higher than that in the lowest paying Sebring.