The annual salary statistics of insurance sales agents in Boston-Cambridge-Quincy, Massachusetts is shown in Table 1. The wage data of insurance sales agents in Boston-Cambridge-Quincy 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 | $36,800 |
| 25th Percentile Wage | $52,850 |
| 50th Percentile Wage | $72,770 |
| 75th Percentile Wage | $100,760 |
| 90th Percentile Wage | $168,370 |
Table 1 shows the average annual salary for insurance sales agents in Boston-Cambridge-Quincy, Massachusetts in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $168,370. The median (50th percentile) annual salary is $72,770. The average annual salary for the bottom 10 percent earners is $36,800.
The table and chart below show the trend of the median salary of insurance sales agents from 2012 to 2017.
| Year | Median Salary | Yearly Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $72,770 | 9.44% | 2.93% |
| 2016 | $65,900 | -0.41% | - |
| 2015 | $66,170 | -4.16% | - |
| 2014 | $68,920 | -6.54% | - |
| 2013 | $73,430 | 3.80% | - |
| 2012 | $70,640 | - | - |
From Table 3 we note that the median annual salary of $72,770 in Boston-Cambridge-Quincy is in the middle of salary range for insurance sales agents in state of Massachusetts. In comparison, the annual salary of insurance sales agents in Boston-Cambridge-Quincy is 13.0 percent (13.0%) lower than that in the highest paying North Central Massachusetts nonmetropolitan area and 58.4 percent (58.4%) higher than that in the lowest paying Peabody.
| Cities/Areas | Median Annual Salary |
|---|---|
| North Central Massachusetts nonmetropolitan area | |
| Massachusetts nonmetropolitan area | |
| Boston-Cambridge-Quincy | |
| Framingham | |
| Worcester | |
| Boston-Cambridge-Quincy | |
| Pittsfield | |
| Springfield | |
| Taunton-Norton-Raynham | |
| Barnstable Town | |
| Leominster-Fitchburg-Gardner | |
| New Bedford | |
| Brockton-Bridgewater-Easton | |
| Northwest Massachusetts nonmetropolitan area | |
| Nantucket Island and Marthas Vineyard nonmetropolitan area | |
| Peabody |