The annual salary statistics of insurance sales agents in West Central Kentucky nonmetropolitan area, Kentucky is shown in Table 1. The wage information of insurance sales agents in West Central Kentucky nonmetropolitan area 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 | $33,280 |
| 25th Percentile Wage | $34,770 |
| 50th Percentile Wage | $52,560 |
| 75th Percentile Wage | $84,030 |
| 90th Percentile Wage | $107,660 |
Table 1 shows the average annual salary for insurance sales agents in West Central Kentucky nonmetropolitan area, Kentucky in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $107,660. The median (50th percentile) annual salary is $52,560. The average annual salary for the bottom 10 percent earners is $33,280.
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 | 9-Year Growth |
|---|---|---|---|
| 2022 | $52,560 | 10.08% | 48.50% |
| 2021 | $47,260 | 23.97% | - |
| 2020 | $35,930 | 3.40% | - |
| 2019 | $34,710 | -47.08% | - |
| 2018 | $51,050 | -2.04% | - |
| 2017 | $52,090 | 3.84% | - |
| 2016 | $50,090 | 29.21% | - |
| 2015 | $35,460 | 17.77% | - |
| 2014 | $29,160 | 7.17% | - |
| 2013 | $27,070 | - | - |
From Table 3 we note that with a median annual salary of $52,560, West Central Kentucky nonmetropolitan area is the second highest paying city for insurance sales agents in state of Kentucky, following the highest paying city Louisville-Jefferson County (median annual salary of $62,040). Compared with Louisville-Jefferson County, the median annual salary of insurance sales agents in West Central Kentucky nonmetropolitan area is 15.3 percent (15.3%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Louisville-Jefferson County | |
| West Central Kentucky nonmetropolitan area | |
| Bowling Green | |
| Evansville | |
| Owensboro | |
| Lexington-Fayette | |
| West Kentucky nonmetropolitan area | |
| South Central Kentucky nonmetropolitan area | |
| East Kentucky nonmetropolitan area | |
| Elizabethtown |