The annual salary statistics of insurance sales agents in Norwich-New London, Rhode Island is shown in Table 1. The wage data of insurance sales agents in Norwich-New London 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 | $36,550 |
| 25th Percentile Wage | $45,730 |
| 50th Percentile Wage | $60,060 |
| 75th Percentile Wage | $77,900 |
| 90th Percentile Wage | $133,920 |
Table 1 shows the average annual salary for insurance sales agents in Norwich-New London, Rhode Island in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $133,920. The median (50th percentile) annual salary is $60,060. The average annual salary for the bottom 10 percent earners is $36,550.
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 | $60,060 | 19.31% | 10.06% |
| 2021 | $48,460 | 5.96% | - |
| 2020 | $45,570 | -6.98% | - |
| 2019 | $48,750 | 15.73% | - |
| 2018 | $41,080 | -42.28% | - |
| 2017 | $58,450 | 9.89% | - |
| 2016 | $52,670 | 15.11% | - |
| 2015 | $44,710 | 3.09% | - |
| 2014 | $43,330 | -10.04% | - |
| 2013 | $47,680 | -13.30% | - |
| 2012 | $54,020 | - | - |
From Table 3 we note that with a median annual salary of $60,060, Norwich-New London is the second highest paying city for insurance sales agents in state of Rhode Island, following the highest paying city Providence-Fall River-Warwick (median annual salary of $65,500). Compared with Providence-Fall River-Warwick, the median annual salary of insurance sales agents in Norwich-New London is 8.3 percent (8.3%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Providence-Fall River-Warwick | |
| Norwich-New London |