The annual salary statistics of insurance sales agents in Albany-Schenectady-Troy, New York is shown in Table 1. The wage data of insurance sales agents in Albany-Schenectady-Troy 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 | $48,590 |
| 25th Percentile Wage | $58,280 |
| 50th Percentile Wage | $79,310 |
| 75th Percentile Wage | $121,020 |
| 90th Percentile Wage | $163,490 |
Table 1 shows the average annual salary for insurance sales agents in Albany-Schenectady-Troy, New York in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $163,490. The median (50th percentile) annual salary is $79,310. The average annual salary for the bottom 10 percent earners is $48,590.
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 | $79,310 | 3.01% | 18.59% |
| 2021 | $76,920 | 13.48% | - |
| 2020 | $66,550 | 5.71% | - |
| 2019 | $62,750 | 4.24% | - |
| 2018 | $60,090 | 2.65% | - |
| 2017 | $58,500 | -27.61% | - |
| 2016 | $74,650 | 12.85% | - |
| 2015 | $65,060 | 15.16% | - |
| 2013 | $55,200 | -16.97% | - |
| 2012 | $64,570 | - | - |
From Table 3 we note that the median annual salary of $79,310 in Albany-Schenectady-Troy is in the middle of salary range for insurance sales agents in state of New York. In comparison, the annual salary of insurance sales agents in Albany-Schenectady-Troy is 1.7 percent (1.7%) lower than that in the highest paying Southwest New York nonmetropolitan area and 40.6 percent (40.6%) higher than that in the lowest paying Capital-Northern New York nonmetropolitan area.