The annual salary statistics of insurance sales agents in Buffalo-Niagara Falls, New York is shown in Table 1. The wage data of insurance sales agents in Buffalo-Niagara Falls 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 | $35,040 |
| 25th Percentile Wage | $47,540 |
| 50th Percentile Wage | $60,110 |
| 75th Percentile Wage | $80,060 |
| 90th Percentile Wage | $133,500 |
Table 1 shows the average annual salary for insurance sales agents in Buffalo-Niagara Falls, New York in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $133,500. The median (50th percentile) annual salary is $60,110. The average annual salary for the bottom 10 percent earners is $35,040.
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 | $60,110 | -1.20% | 11.78% |
| 2021 | $60,830 | 14.06% | - |
| 2020 | $52,280 | 7.63% | - |
| 2019 | $48,290 | 5.55% | - |
| 2018 | $45,610 | -1.56% | - |
| 2017 | $46,320 | -0.39% | - |
| 2016 | $46,500 | 0.30% | - |
| 2015 | $46,360 | -2.98% | - |
| 2014 | $47,740 | -4.55% | - |
| 2013 | $49,910 | -6.25% | - |
| 2012 | $53,030 | - | - |
From Table 3 we note that the median annual salary of $60,110 in Buffalo-Niagara Falls 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 Buffalo-Niagara Falls is 25.5 percent (25.5%) lower than that in the highest paying Southwest New York nonmetropolitan area and 21.6 percent (21.6%) higher than that in the lowest paying Capital-Northern New York nonmetropolitan area.