The annual salary statistics of insurance sales agents in Panama City-Lynn Haven-Panama City Beach, Florida is shown in Table 1. The wage data of insurance sales agents in Panama City-Lynn Haven-Panama City Beach 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 | $35,800 |
| 25th Percentile Wage | $38,630 |
| 50th Percentile Wage | $45,890 |
| 75th Percentile Wage | $67,930 |
| 90th Percentile Wage | $97,820 |
Table 1 shows the average annual salary for insurance sales agents in Panama City-Lynn Haven-Panama City Beach, Florida in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $97,820. The median (50th percentile) annual salary is $45,890. The average annual salary for the bottom 10 percent earners is $35,800.
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 | $45,890 | -5.38% | -34.34% |
| 2021 | $48,360 | -2.23% | - |
| 2020 | $49,440 | -0.12% | - |
| 2019 | $49,500 | -1.05% | - |
| 2018 | $50,020 | -26.23% | - |
| 2017 | $63,140 | 7.24% | - |
| 2016 | $58,570 | 10.82% | - |
| 2015 | $52,230 | 1.55% | - |
| 2014 | $51,420 | -7.78% | - |
| 2013 | $55,420 | -11.24% | - |
| 2012 | $61,650 | - | - |
From Table 3 we note that the median annual salary of $45,890 in Panama City-Lynn Haven-Panama City Beach 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 Panama City-Lynn Haven-Panama City Beach is 26.4 percent (26.4%) lower than that in the highest paying Miami-Miami Beach-Kendall and 18.6 percent (18.6%) higher than that in the lowest paying Sebring.