The annual salary statistics of insurance sales agents in Palm Bay-Melbourne-Titusville, Florida is shown in Table 1. The wage data of insurance sales agents in Palm Bay-Melbourne-Titusville 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 | $37,090 |
| 25th Percentile Wage | $41,590 |
| 50th Percentile Wage | $57,070 |
| 75th Percentile Wage | $61,780 |
| 90th Percentile Wage | $80,400 |
Table 1 shows the average annual salary for insurance sales agents in Palm Bay-Melbourne-Titusville, Florida in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $80,400. The median (50th percentile) annual salary is $57,070. The average annual salary for the bottom 10 percent earners is $37,090.
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 | $57,070 | 14.77% | 2.51% |
| 2021 | $48,640 | 12.77% | - |
| 2020 | $42,430 | -15.34% | - |
| 2019 | $48,940 | -11.71% | - |
| 2018 | $54,670 | 5.47% | - |
| 2017 | $51,680 | 3.50% | - |
| 2016 | $49,870 | -5.86% | - |
| 2015 | $52,790 | -2.31% | - |
| 2014 | $54,010 | -16.52% | - |
| 2013 | $62,930 | 11.58% | - |
| 2012 | $55,640 | - | - |
From Table 3 we note that the median annual salary of $57,070 in Palm Bay-Melbourne-Titusville 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 Palm Bay-Melbourne-Titusville is 8.5 percent (8.5%) lower than that in the highest paying Miami-Miami Beach-Kendall and 34.6 percent (34.6%) higher than that in the lowest paying Sebring.