The annual salary statistics of insurance sales agents in Michigan City-La Porte, Indiana is shown in Table 1. The wage data of insurance sales agents in Michigan City-La Porte 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 | $35,070 |
| 25th Percentile Wage | $45,450 |
| 50th Percentile Wage | $50,130 |
| 75th Percentile Wage | $75,230 |
| 90th Percentile Wage | $99,080 |
Table 1 shows the average annual salary for insurance sales agents in Michigan City-La Porte, Indiana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $99,080. The median (50th percentile) annual salary is $50,130. The average annual salary for the bottom 10 percent earners is $35,070.
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 | $50,130 | 4.57% | 11.67% |
| 2021 | $47,840 | 1.57% | - |
| 2020 | $47,090 | -2.00% | - |
| 2019 | $48,030 | 3.75% | - |
| 2018 | $46,230 | 4.67% | - |
| 2017 | $44,070 | 5.67% | - |
| 2016 | $41,570 | -53.21% | - |
| 2015 | $63,690 | 32.27% | - |
| 2014 | $43,140 | -10.36% | - |
| 2013 | $47,610 | 6.99% | - |
| 2012 | $44,280 | - | - |
From Table 3 we note that the median annual salary of $50,130 in Michigan City-La Porte 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 Michigan City-La Porte is 35.1 percent (35.1%) lower than that in the highest paying Muncie and 24.1 percent (24.1%) 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 |