The annual salary statistics of insurance sales agents in Hickory-Lenoir-Morganton, North Carolina is shown in Table 1. The wage information of insurance sales agents in Hickory-Lenoir-Morganton 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 | $29,420 |
| 25th Percentile Wage | $35,080 |
| 50th Percentile Wage | $39,020 |
| 75th Percentile Wage | $55,720 |
| 90th Percentile Wage | $75,640 |
Table 1 shows the average annual salary for insurance sales agents in Hickory-Lenoir-Morganton, North Carolina in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $75,640. The median (50th percentile) annual salary is $39,020. The average annual salary for the bottom 10 percent earners is $29,420.
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 | $39,020 | 4.84% | -3.59% |
| 2021 | $37,130 | -26.88% | - |
| 2020 | $47,110 | 3.52% | - |
| 2019 | $45,450 | -1.06% | - |
| 2018 | $45,930 | 1.37% | - |
| 2017 | $45,300 | -4.26% | - |
| 2016 | $47,230 | 13.08% | - |
| 2015 | $41,050 | -3.92% | - |
| 2014 | $42,660 | 2.13% | - |
| 2013 | $41,750 | 3.19% | - |
| 2012 | $40,420 | - | - |
From Table 3 we note that the median annual salary of $39,020 in Hickory-Lenoir-Morganton 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 Hickory-Lenoir-Morganton is 37.2 percent (37.2%) lower than that in the highest paying Raleigh-Cary and 14.2 percent (14.2%) higher than that in the lowest paying Fayetteville.