The annual salary statistics of insurance sales agents in Baltimore-Towson, Maryland is shown in Table 1. The wage information of insurance sales agents in Baltimore-Towson 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 | $32,340 |
| 25th Percentile Wage | $38,860 |
| 50th Percentile Wage | $61,600 |
| 75th Percentile Wage | $77,790 |
| 90th Percentile Wage | $126,560 |
Table 1 shows the average annual salary for insurance sales agents in Baltimore-Towson, Maryland in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $126,560. The median (50th percentile) annual salary is $61,600. The average annual salary for the bottom 10 percent earners is $32,340.
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 | $61,600 | 17.87% | 5.34% |
| 2021 | $50,590 | 6.48% | - |
| 2020 | $47,310 | -2.03% | - |
| 2019 | $48,270 | -2.47% | - |
| 2018 | $49,460 | -0.24% | - |
| 2017 | $49,580 | -10.06% | - |
| 2016 | $54,570 | 1.34% | - |
| 2015 | $53,840 | -3.96% | - |
| 2014 | $55,970 | -2.30% | - |
| 2013 | $57,260 | -1.83% | - |
| 2012 | $58,310 | - | - |
From Table 3 we note that with a median annual salary of $61,600, Baltimore-Towson is the second highest paying city for insurance sales agents in state of Maryland, following the highest paying city Upper Eastern Shore nonmetropolitan area (median annual salary of $64,350). Compared with Upper Eastern Shore nonmetropolitan area, the median annual salary of insurance sales agents in Baltimore-Towson is 4.3 percent (4.3%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Upper Eastern Shore nonmetropolitan area | |
| Baltimore-Towson | |
| California-Lexington Park | |
| Salisbury | |
| Maryland nonmetropolitan area | |
| Bethesda-Rockville-Frederick | |
| St Marys County |