The annual salary statistics of insurance sales agents in Detroit-Livonia-Dearborn, Michigan is shown in Table 1. The wage information of insurance sales agents in Detroit-Livonia-Dearborn 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 | $22,830 |
| 25th Percentile Wage | $34,320 |
| 50th Percentile Wage | $48,630 |
| 75th Percentile Wage | $75,570 |
| 90th Percentile Wage | $140,220 |
Table 1 shows the average annual salary for insurance sales agents in Detroit-Livonia-Dearborn, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $140,220. The median (50th percentile) annual salary is $48,630. The average annual salary for the bottom 10 percent earners is $22,830.
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 | $48,630 | -3.35% | -16.29% |
| 2016 | $50,260 | -5.99% | - |
| 2015 | $53,270 | 2.91% | - |
| 2014 | $51,720 | -9.15% | - |
| 2013 | $56,450 | -0.18% | - |
| 2012 | $56,550 | - | - |
From Table 3 we note that the median annual salary of $48,630 in Detroit-Livonia-Dearborn is in the middle of salary range for insurance sales agents in state of Michigan. In comparison, the annual salary of insurance sales agents in Detroit-Livonia-Dearborn is 24.0 percent (24.0%) lower than that in the highest paying South Bend-Mishawaka and 16.5 percent (16.5%) higher than that in the lowest paying Monroe.