The annual salary statistics of insurance sales agents in Kalamazoo-Portage, Michigan is shown in Table 1. The wage statistics of insurance sales agents in Kalamazoo-Portage 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 | $28,930 |
| 25th Percentile Wage | $36,640 |
| 50th Percentile Wage | $51,410 |
| 75th Percentile Wage | $76,360 |
| 90th Percentile Wage | $108,700 |
Table 1 shows the average annual salary for insurance sales agents in Kalamazoo-Portage, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $108,700. The median (50th percentile) annual salary is $51,410. The average annual salary for the bottom 10 percent earners is $28,930.
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 | $51,410 | 4.94% | 15.76% |
| 2021 | $48,870 | -30.45% | - |
| 2020 | $63,750 | 11.51% | - |
| 2019 | $56,410 | -11.84% | - |
| 2018 | $63,090 | 11.95% | - |
| 2017 | $55,550 | 9.00% | - |
| 2016 | $50,550 | 25.95% | - |
| 2015 | $37,430 | -2.43% | - |
| 2014 | $38,340 | -1.12% | - |
| 2013 | $38,770 | -11.71% | - |
| 2012 | $43,310 | - | - |
From Table 3 we note that the median annual salary of $51,410 in Kalamazoo-Portage 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 Kalamazoo-Portage is 19.6 percent (19.6%) lower than that in the highest paying South Bend-Mishawaka and 21.0 percent (21.0%) higher than that in the lowest paying Monroe.