The annual salary statistics of insurance sales agents in Detroit-Warren-Livonia, Michigan is shown in Table 1. The wage data of insurance sales agents in Detroit-Warren-Livonia 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 | $34,300 |
| 25th Percentile Wage | $45,150 |
| 50th Percentile Wage | $48,290 |
| 75th Percentile Wage | $76,280 |
| 90th Percentile Wage | $108,130 |
Table 1 shows the average annual salary for insurance sales agents in Detroit-Warren-Livonia, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $108,130. The median (50th percentile) annual salary is $48,290. The average annual salary for the bottom 10 percent earners is $34,300.
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 | $48,290 | -0.58% | -11.60% |
| 2021 | $48,570 | -1.44% | - |
| 2020 | $49,270 | -9.46% | - |
| 2019 | $53,930 | 3.54% | - |
| 2018 | $52,020 | -9.00% | - |
| 2017 | $56,700 | 5.61% | - |
| 2016 | $53,520 | -3.38% | - |
| 2015 | $55,330 | 10.92% | - |
| 2014 | $49,290 | -5.15% | - |
| 2013 | $51,830 | -3.97% | - |
| 2012 | $53,890 | - | - |
From Table 3 we note that the median annual salary of $48,290 in Detroit-Warren-Livonia 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-Warren-Livonia is 24.5 percent (24.5%) lower than that in the highest paying South Bend-Mishawaka and 15.9 percent (15.9%) higher than that in the lowest paying Monroe.