The annual salary statistics of insurance sales agents in Mankato-North Mankato, Minnesota is shown in Table 1. The wage data of insurance sales agents in Mankato-North Mankato 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 | $45,830 |
| 25th Percentile Wage | $48,460 |
| 50th Percentile Wage | $57,730 |
| 75th Percentile Wage | $72,920 |
| 90th Percentile Wage | $97,430 |
Table 1 shows the average annual salary for insurance sales agents in Mankato-North Mankato, Minnesota in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $97,430. The median (50th percentile) annual salary is $57,730. The average annual salary for the bottom 10 percent earners is $45,830.
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 | $57,730 | 0.38% | 20.53% |
| 2021 | $57,510 | -7.58% | - |
| 2020 | $61,870 | 4.06% | - |
| 2019 | $59,360 | 1.82% | - |
| 2018 | $58,280 | 4.44% | - |
| 2017 | $55,690 | 19.63% | - |
| 2016 | $44,760 | 3.98% | - |
| 2015 | $42,980 | 5.03% | - |
| 2014 | $40,820 | -6.34% | - |
| 2013 | $43,410 | -5.69% | - |
| 2012 | $45,880 | - | - |
From Table 3 we note that with a median annual salary of $57,730, Mankato-North Mankato is the second highest paying city for insurance sales agents in state of Minnesota, following the highest paying city Rochester (median annual salary of $63,590). Compared with Rochester, the median annual salary of insurance sales agents in Mankato-North Mankato is 9.2 percent (9.2%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Rochester | |
| Mankato-North Mankato | |
| St Cloud | |
| Southeast Minnesota nonmetropolitan area | |
| Southwest Minnesota nonmetropolitan area | |
| Northeast Minnesota nonmetropolitan area | |
| Northwest Minnesota nonmetropolitan area |