The annual salary statistics of insurance sales agents in Peabody, Massachusetts is shown in Table 1. The wage statistics of insurance sales agents in Peabody 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 | $19,000 |
| 25th Percentile Wage | $19,430 |
| 50th Percentile Wage | $30,280 |
| 75th Percentile Wage | $77,390 |
| 90th Percentile Wage | $125,620 |
Table 1 shows the average annual salary for insurance sales agents in Peabody, Massachusetts in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $125,620. The median (50th percentile) annual salary is $30,280. The average annual salary for the bottom 10 percent earners is $19,000.
The table and chart below show the trend of the median salary of insurance sales agents from 2012 to 2015. Note that there is no salary data for some years between 2012 and 2022.
| Year | Median Salary | Growth | 3-Year Growth |
|---|---|---|---|
| 2015 | $30,280 | -50.50% | -74.87% |
| 2014 | $45,570 | -17.99% | - |
| 2013 | $53,770 | 1.53% | - |
| 2012 | $52,950 | - | - |
From Table 3 we note that with a median annual salary of $30,280, Peabody is the lowest paying city for insurance sales agents in state of Massachusetts, following city of North Central Massachusetts nonmetropolitan area (median annual salary of $83,630). Also we note that in comparison, the annual salary of insurance sales agents in Peabody is about 63.8 percent (63.8%) lower than that of the highest paying city North Central Massachusetts nonmetropolitan area.