The annual salary statistics of insurance sales agents in Philadelphia-Camden-Wilmington, Pennsylvania is shown in Table 1. The wage data of insurance sales agents in Philadelphia-Camden-Wilmington 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 | $35,910 |
| 25th Percentile Wage | $48,110 |
| 50th Percentile Wage | $61,250 |
| 75th Percentile Wage | $93,060 |
| 90th Percentile Wage | $139,520 |
Table 1 shows the average annual salary for insurance sales agents in Philadelphia-Camden-Wilmington, Pennsylvania in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $139,520. The median (50th percentile) annual salary is $61,250. The average annual salary for the bottom 10 percent earners is $35,910.
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 | $61,250 | -4.10% | -5.98% |
| 2021 | $63,760 | 16.61% | - |
| 2020 | $53,170 | -12.17% | - |
| 2019 | $59,640 | -11.13% | - |
| 2018 | $66,280 | 1.96% | - |
| 2017 | $64,980 | 6.17% | - |
| 2016 | $60,970 | 2.64% | - |
| 2015 | $59,360 | -2.86% | - |
| 2014 | $61,060 | -4.32% | - |
| 2013 | $63,700 | -1.90% | - |
| 2012 | $64,910 | - | - |
From Table 3 we note that with a median annual salary of $61,250, Philadelphia-Camden-Wilmington is the second highest paying city for insurance sales agents in state of Pennsylvania, following the highest paying city Philadelphia (median annual salary of $72,330). Compared with Philadelphia, the median annual salary of insurance sales agents in Philadelphia-Camden-Wilmington is 15.3 percent (15.3%) lower.