The annual salary statistics of insurance sales agents in Waterloo-Cedar Falls, Iowa is shown in Table 1. The wage statistics of insurance sales agents in Waterloo-Cedar Falls 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 | $31,590 |
| 25th Percentile Wage | $43,990 |
| 50th Percentile Wage | $50,170 |
| 75th Percentile Wage | $102,500 |
| 90th Percentile Wage | $109,050 |
Table 1 shows the average annual salary for insurance sales agents in Waterloo-Cedar Falls, Iowa in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $109,050. The median (50th percentile) annual salary is $50,170. The average annual salary for the bottom 10 percent earners is $31,590.
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 | $50,170 | 3.71% | 29.78% |
| 2021 | $48,310 | -14.43% | - |
| 2020 | $55,280 | -4.09% | - |
| 2019 | $57,540 | 9.75% | - |
| 2018 | $51,930 | 6.47% | - |
| 2017 | $48,570 | 19.09% | - |
| 2016 | $39,300 | 4.27% | - |
| 2015 | $37,620 | 2.31% | - |
| 2014 | $36,750 | -8.93% | - |
| 2013 | $40,030 | 11.99% | - |
| 2012 | $35,230 | - | - |
From Table 3 we note that the median annual salary of $50,170 in Waterloo-Cedar Falls is in the middle of salary range for insurance sales agents in state of Iowa. In comparison, the annual salary of insurance sales agents in Waterloo-Cedar Falls is 19.3 percent (19.3%) lower than that in the highest paying Iowa City and 15.9 percent (15.9%) higher than that in the lowest paying Southwest Iowa nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Iowa City | |
| Ames | |
| Dubuque | |
| Cedar Rapids | |
| Davenport-Moline-Rock Island | |
| Des Moines-West Des Moines | |
| Northeast Iowa nonmetropolitan area | |
| Waterloo-Cedar Falls | |
| Southeast Iowa nonmetropolitan area | |
| Northwest Iowa nonmetropolitan area | |
| Southwest Iowa nonmetropolitan area |