The annual salary statistics of insurance sales agents in Durham-Chapel Hill, North Carolina is shown in Table 1. The wage information of insurance sales agents in Durham-Chapel Hill 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 | $35,360 |
| 25th Percentile Wage | $36,030 |
| 50th Percentile Wage | $50,490 |
| 75th Percentile Wage | $78,560 |
| 90th Percentile Wage | $124,680 |
Table 1 shows the average annual salary for insurance sales agents in Durham-Chapel Hill, North Carolina in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $124,680. The median (50th percentile) annual salary is $50,490. The average annual salary for the bottom 10 percent earners is $35,360.
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 | $50,490 | 1.11% | 20.22% |
| 2021 | $49,930 | 16.28% | - |
| 2020 | $41,800 | -32.54% | - |
| 2019 | $55,400 | 0.31% | - |
| 2018 | $55,230 | 19.01% | - |
| 2017 | $44,730 | 2.39% | - |
| 2016 | $43,660 | 9.76% | - |
| 2015 | $39,400 | 2.28% | - |
| 2014 | $38,500 | 17.22% | - |
| 2013 | $31,870 | -26.39% | - |
| 2012 | $40,280 | - | - |
From Table 3 we note that the median annual salary of $50,490 in Durham-Chapel Hill is in the middle of salary range for insurance sales agents in state of North Carolina. In comparison, the annual salary of insurance sales agents in Durham-Chapel Hill is 18.7 percent (18.7%) lower than that in the highest paying Raleigh-Cary and 33.7 percent (33.7%) higher than that in the lowest paying Fayetteville.