The annual salary statistics of insurance sales agents in Indianapolis-Carmel, Indiana is shown in Table 1. The wage statistics of insurance sales agents in Indianapolis-Carmel 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 | $41,600 |
| 25th Percentile Wage | $47,920 |
| 50th Percentile Wage | $61,840 |
| 75th Percentile Wage | $89,690 |
| 90th Percentile Wage | $133,890 |
Table 1 shows the average annual salary for insurance sales agents in Indianapolis-Carmel, Indiana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $133,890. The median (50th percentile) annual salary is $61,840. The average annual salary for the bottom 10 percent earners is $41,600.
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 | $61,840 | -1.02% | 4.32% |
| 2021 | $62,470 | 13.33% | - |
| 2020 | $54,140 | -0.74% | - |
| 2019 | $54,540 | -1.67% | - |
| 2018 | $55,450 | 3.17% | - |
| 2017 | $53,690 | 3.39% | - |
| 2016 | $51,870 | 5.94% | - |
| 2015 | $48,790 | -1.64% | - |
| 2014 | $49,590 | -12.78% | - |
| 2013 | $55,930 | -5.79% | - |
| 2012 | $59,170 | - | - |
From Table 3 we note that the median annual salary of $61,840 in Indianapolis-Carmel is in the middle of salary range for insurance sales agents in state of Indiana. In comparison, the annual salary of insurance sales agents in Indianapolis-Carmel is 20.0 percent (20.0%) lower than that in the highest paying Muncie and 38.5 percent (38.5%) higher than that in the lowest paying Elkhart-Goshen.
| Cities/Areas | Median Annual Salary |
|---|---|
| Muncie | |
| Fort Wayne | |
| Kokomo | |
| Indianapolis-Carmel | |
| Gary | |
| Bloomington | |
| Lafayette-West Lafayette | |
| Michigan City-La Porte | |
| Columbus | |
| Southern Indiana nonmetropolitan area | |
| Central Indiana nonmetropolitan area | |
| Terre Haute | |
| Anderson | |
| Lafayette | |
| Northern Indiana nonmetropolitan area | |
| Elkhart-Goshen |