The annual salary statistics of insurance sales agents in Lafayette-West Lafayette, Indiana is shown in Table 1. The wage data of insurance sales agents in Lafayette-West Lafayette 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 | $36,220 |
| 25th Percentile Wage | $46,720 |
| 50th Percentile Wage | $51,720 |
| 75th Percentile Wage | $76,740 |
| 90th Percentile Wage | $99,640 |
Table 1 shows the average annual salary for insurance sales agents in Lafayette-West Lafayette, Indiana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $99,640. The median (50th percentile) annual salary is $51,720. The average annual salary for the bottom 10 percent earners is $36,220.
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 | $51,720 | 6.19% | 26.80% |
| 2021 | $48,520 | 13.27% | - |
| 2020 | $42,080 | 1.66% | - |
| 2019 | $41,380 | -16.51% | - |
| 2018 | $48,210 | 7.43% | - |
| 2017 | $44,630 | 15.17% | - |
| 2016 | $37,860 | -4.91% | - |
| 2015 | $39,720 | 4.68% | - |
| 2012 | $37,860 | - | - |
From Table 3 we note that the median annual salary of $51,720 in Lafayette-West Lafayette 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 Lafayette-West Lafayette is 33.1 percent (33.1%) lower than that in the highest paying Muncie and 26.5 percent (26.5%) 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 |