The annual salary statistics of insurance sales agents in Providence-Fall River-Warwick, Rhode Island is shown in Table 1. The wage statistics of insurance sales agents in Providence-Fall River-Warwick 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 | $40,860 |
| 25th Percentile Wage | $48,330 |
| 50th Percentile Wage | $65,500 |
| 75th Percentile Wage | $92,620 |
| 90th Percentile Wage | $124,400 |
Table 1 shows the average annual salary for insurance sales agents in Providence-Fall River-Warwick, Rhode Island in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $124,400. The median (50th percentile) annual salary is $65,500. The average annual salary for the bottom 10 percent earners is $40,860.
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 | $65,500 | -16.49% | 1.44% |
| 2021 | $76,300 | 13.49% | - |
| 2020 | $66,010 | 10.42% | - |
| 2019 | $59,130 | -1.74% | - |
| 2018 | $60,160 | 3.97% | - |
| 2017 | $57,770 | 0.66% | - |
| 2016 | $57,390 | -4.67% | - |
| 2015 | $60,070 | -0.98% | - |
| 2014 | $60,660 | -1.80% | - |
| 2013 | $61,750 | -4.55% | - |
| 2012 | $64,560 | - | - |
From Table 3 we note that with a median annual salary of $65,500, Providence-Fall River-Warwick is the highest paying city for insurance sales agents in state of Rhode Island, followed by Norwich-New London (median annual salary $60,060). In comparison, the median annual salary of insurance sales agents in Providence-Fall River-Warwick is 8.3 percent (8.3%) higher than that in Norwich-New London.
| Cities/Areas | Median Annual Salary |
|---|---|
| Providence-Fall River-Warwick | |
| Norwich-New London |