The annual salary statistics of insurance sales agents in Champaign-Urbana, Illinois is shown in Table 1. The wage data of insurance sales agents in Champaign-Urbana 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 | $32,530 |
| 25th Percentile Wage | $38,410 |
| 50th Percentile Wage | $51,460 |
| 75th Percentile Wage | $78,710 |
| 90th Percentile Wage | $97,650 |
Table 1 shows the average annual salary for insurance sales agents in Champaign-Urbana, Illinois in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $97,650. The median (50th percentile) annual salary is $51,460. The average annual salary for the bottom 10 percent earners is $32,530.
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 | $51,460 | 25.67% | -61.93% |
| 2021 | $38,250 | -14.59% | - |
| 2020 | $43,830 | -8.28% | - |
| 2019 | $47,460 | -2.70% | - |
| 2018 | $48,740 | 19.12% | - |
| 2017 | $39,420 | -9.23% | - |
| 2016 | $43,060 | 13.19% | - |
| 2015 | $37,380 | -66.64% | - |
| 2014 | $62,290 | -10.29% | - |
| 2013 | $68,700 | -21.30% | - |
| 2012 | $83,330 | - | - |
From Table 3 we note that the median annual salary of $51,460 in Champaign-Urbana is in the middle of salary range for insurance sales agents in state of Illinois. In comparison, the annual salary of insurance sales agents in Champaign-Urbana is 32.5 percent (32.5%) lower than that in the highest paying Bloomington-Normal and 27.5 percent (27.5%) higher than that in the lowest paying South Illinois nonmetropolitan area.