The annual salary statistics of insurance sales agents in Niles-Benton Harbor, Michigan is shown in Table 1. The wage data of insurance sales agents in Niles-Benton Harbor 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 | $32,850 |
| 25th Percentile Wage | $42,190 |
| 50th Percentile Wage | $52,730 |
| 75th Percentile Wage | $74,450 |
| 90th Percentile Wage | $120,390 |
Table 1 shows the average annual salary for insurance sales agents in Niles-Benton Harbor, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $120,390. The median (50th percentile) annual salary is $52,730. The average annual salary for the bottom 10 percent earners is $32,850.
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 | $52,730 | 8.10% | -3.22% |
| 2021 | $48,460 | 0.43% | - |
| 2020 | $48,250 | 6.86% | - |
| 2019 | $44,940 | -11.44% | - |
| 2018 | $50,080 | 6.53% | - |
| 2017 | $46,810 | -5.11% | - |
| 2016 | $49,200 | 7.32% | - |
| 2015 | $45,600 | -4.54% | - |
| 2014 | $47,670 | -11.83% | - |
| 2013 | $53,310 | -2.10% | - |
| 2012 | $54,430 | - | - |
From Table 3 we note that the median annual salary of $52,730 in Niles-Benton Harbor 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 Niles-Benton Harbor is 17.5 percent (17.5%) lower than that in the highest paying South Bend-Mishawaka and 22.9 percent (22.9%) higher than that in the lowest paying Monroe.