The annual salary statistics of insurance sales agents in Saginaw-Saginaw Township North, Michigan is shown in Table 1. The wage data of insurance sales agents in Saginaw-Saginaw Township North 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 | $30,370 |
| 25th Percentile Wage | $43,570 |
| 50th Percentile Wage | $51,590 |
| 75th Percentile Wage | $86,900 |
| 90th Percentile Wage | $108,580 |
Table 1 shows the average annual salary for insurance sales agents in Saginaw-Saginaw Township North, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $108,580. The median (50th percentile) annual salary is $51,590. The average annual salary for the bottom 10 percent earners is $30,370.
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 | $51,590 | 4.71% | 37.39% |
| 2021 | $49,160 | 15.74% | - |
| 2020 | $41,420 | -6.57% | - |
| 2019 | $44,140 | -34.10% | - |
| 2018 | $59,190 | 10.56% | - |
| 2017 | $52,940 | 7.78% | - |
| 2016 | $48,820 | 26.16% | - |
| 2015 | $36,050 | -9.96% | - |
| 2014 | $39,640 | 10.04% | - |
| 2013 | $35,660 | 9.42% | - |
| 2012 | $32,300 | - | - |
From Table 3 we note that the median annual salary of $51,590 in Saginaw-Saginaw Township North 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 Saginaw-Saginaw Township North is 19.3 percent (19.3%) lower than that in the highest paying South Bend-Mishawaka and 21.2 percent (21.2%) higher than that in the lowest paying Monroe.