The annual salary statistics of insurance sales agents in Nantucket Island and Marthas Vineyard nonmetropolitan area, Massachusetts is shown in Table 1. The wage information of insurance sales agents in Nantucket Island and Marthas Vineyard 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 | $40,770 |
| 25th Percentile Wage | $45,210 |
| 50th Percentile Wage | $50,210 |
| 75th Percentile Wage | $57,220 |
| 90th Percentile Wage | $134,090 |
Table 1 shows the average annual salary for insurance sales agents in Nantucket Island and Marthas Vineyard nonmetropolitan area, Massachusetts in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $134,090. The median (50th percentile) annual salary is $50,210. The average annual salary for the bottom 10 percent earners is $40,770.
The table and chart below show the trend of the median salary of insurance sales agents from 2012 to 2013. Note that there is no salary data for some years between 2012 and 2022.
| Year | Median Salary | Growth | 1-Year Growth |
|---|---|---|---|
| 2013 | $50,210 | 0.00% | 0.00% |
| 2012 | $50,210 | - | - |
From Table 3 we note that the median annual salary of $50,210 in Nantucket Island and Marthas Vineyard nonmetropolitan area 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 Nantucket Island and Marthas Vineyard nonmetropolitan area is 40.0 percent (40.0%) lower than that in the highest paying North Central Massachusetts nonmetropolitan area and 39.7 percent (39.7%) 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 |