The annual salary statistics of insurance sales agents in South Bend-Mishawaka, Michigan is shown in Table 1. The wage data of insurance sales agents in South Bend-Mishawaka 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 | $36,420 |
| 25th Percentile Wage | $39,450 |
| 50th Percentile Wage | $63,950 |
| 75th Percentile Wage | $77,420 |
| 90th Percentile Wage | $100,110 |
Table 1 shows the average annual salary for insurance sales agents in South Bend-Mishawaka, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $100,110. The median (50th percentile) annual salary is $63,950. The average annual salary for the bottom 10 percent earners is $36,420.
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 | $63,950 | 24.08% | 35.67% |
| 2021 | $48,550 | 9.54% | - |
| 2020 | $43,920 | -5.56% | - |
| 2019 | $46,360 | -9.34% | - |
| 2018 | $50,690 | -2.88% | - |
| 2017 | $52,150 | 0.35% | - |
| 2016 | $51,970 | 12.74% | - |
| 2015 | $45,350 | 11.53% | - |
| 2014 | $40,120 | 3.99% | - |
| 2013 | $38,520 | -6.80% | - |
| 2012 | $41,140 | - | - |
From Table 3 we note that with a median annual salary of $63,950, South Bend-Mishawaka is the highest paying city for insurance sales agents in state of Michigan, followed by Northeast Lower Peninsula of Michigan nonmetropolitan area (median annual salary $62,280). In comparison, the median annual salary of insurance sales agents in South Bend-Mishawaka is 2.6 percent (2.6%) higher than that in Northeast Lower Peninsula of Michigan nonmetropolitan area.