The annual salary statistics of insurance sales agents in Muskegon-Norton Shores, Michigan is shown in Table 1. The wage data of insurance sales agents in Muskegon-Norton Shores 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 | $30,040 |
| 25th Percentile Wage | $35,880 |
| 50th Percentile Wage | $44,200 |
| 75th Percentile Wage | $74,310 |
| 90th Percentile Wage | $144,980 |
Table 1 shows the average annual salary for insurance sales agents in Muskegon-Norton Shores, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $144,980. The median (50th percentile) annual salary is $44,200. The average annual salary for the bottom 10 percent earners is $30,040.
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 | 9-Year Growth |
|---|---|---|---|
| 2022 | $44,200 | -2.51% | -50.02% |
| 2021 | $45,310 | 12.60% | - |
| 2020 | $39,600 | -32.90% | - |
| 2019 | $52,630 | 17.02% | - |
| 2018 | $43,670 | -15.43% | - |
| 2017 | $50,410 | -2.12% | - |
| 2016 | $51,480 | -16.98% | - |
| 2015 | $60,220 | 5.48% | - |
| 2014 | $56,920 | -16.50% | - |
| 2013 | $66,310 | - | - |
From Table 3 we note that the median annual salary of $44,200 in Muskegon-Norton Shores 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 Muskegon-Norton Shores is 30.9 percent (30.9%) lower than that in the highest paying South Bend-Mishawaka and 8.1 percent (8.1%) higher than that in the lowest paying Monroe.