The annual salary statistics of insurance sales agents in Cleveland-Elyria-Mentor, Ohio is shown in Table 1. The wage data of insurance sales agents in Cleveland-Elyria-Mentor 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 | $40,970 |
| 25th Percentile Wage | $42,320 |
| 50th Percentile Wage | $60,710 |
| 75th Percentile Wage | $93,500 |
| 90th Percentile Wage | $124,320 |
Table 1 shows the average annual salary for insurance sales agents in Cleveland-Elyria-Mentor, Ohio in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $124,320. The median (50th percentile) annual salary is $60,710. The average annual salary for the bottom 10 percent earners is $40,970.
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 | $60,710 | -1.98% | 7.33% |
| 2021 | $61,910 | 2.68% | - |
| 2020 | $60,250 | 13.34% | - |
| 2019 | $52,210 | 11.05% | - |
| 2018 | $46,440 | 7.54% | - |
| 2017 | $42,940 | -8.55% | - |
| 2016 | $46,610 | 0.13% | - |
| 2015 | $46,550 | 1.29% | - |
| 2014 | $45,950 | -11.43% | - |
| 2013 | $51,200 | -9.88% | - |
| 2012 | $56,260 | - | - |
From Table 3 we note that the median annual salary of $60,710 in Cleveland-Elyria-Mentor is in the middle of salary range for insurance sales agents in state of Ohio. In comparison, the annual salary of insurance sales agents in Cleveland-Elyria-Mentor is 7.0 percent (7.0%) lower than that in the highest paying Sandusky and 35.7 percent (35.7%) higher than that in the lowest paying Mansfield.
| Cities/Areas | Median Annual Salary |
|---|---|
| Sandusky | |
| Other Ohio nonmetropolitan area | |
| Cleveland-Elyria-Mentor | |
| Toledo | |
| Akron | |
| Cincinnati-Middletown | |
| Columbus | |
| Dayton | |
| Canton-Massillon | |
| West Northwestern Ohio nonmetropolitan area | |
| Springfield | |
| Lima | |
| Eastern Ohio nonmetropolitan area | |
| Southern Ohio nonmetropolitan area | |
| Mansfield |