The annual salary statistics of insurance sales agents in Lansing-East Lansing, Michigan is shown in Table 1. The wage statistics of insurance sales agents in Lansing-East Lansing 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 | $29,960 |
| 25th Percentile Wage | $40,540 |
| 50th Percentile Wage | $47,810 |
| 75th Percentile Wage | $78,550 |
| 90th Percentile Wage | $108,950 |
Table 1 shows the average annual salary for insurance sales agents in Lansing-East Lansing, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $108,950. The median (50th percentile) annual salary is $47,810. The average annual salary for the bottom 10 percent earners is $29,960.
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 | $47,810 | -1.30% | 17.80% |
| 2021 | $48,430 | -29.80% | - |
| 2020 | $62,860 | 26.15% | - |
| 2019 | $46,420 | 7.76% | - |
| 2018 | $42,820 | -2.62% | - |
| 2017 | $43,940 | -11.17% | - |
| 2016 | $48,850 | 10.73% | - |
| 2015 | $43,610 | 11.79% | - |
| 2014 | $38,470 | -15.80% | - |
| 2013 | $44,550 | 11.78% | - |
| 2012 | $39,300 | - | - |
From Table 3 we note that the median annual salary of $47,810 in Lansing-East Lansing 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 Lansing-East Lansing is 25.2 percent (25.2%) lower than that in the highest paying South Bend-Mishawaka and 15.0 percent (15.0%) higher than that in the lowest paying Monroe.