The annual salary statistics of insurance sales agents in Charleston-North Charleston-Summerville, South Carolina is shown in Table 1. The wage statistics of insurance sales agents in Charleston-North Charleston-Summerville 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 | $30,060 |
| 25th Percentile Wage | $36,650 |
| 50th Percentile Wage | $47,890 |
| 75th Percentile Wage | $63,220 |
| 90th Percentile Wage | $98,070 |
Table 1 shows the average annual salary for insurance sales agents in Charleston-North Charleston-Summerville, South Carolina in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $98,070. The median (50th percentile) annual salary is $47,890. The average annual salary for the bottom 10 percent earners is $30,060.
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 | $47,890 | -3.78% | 21.86% |
| 2021 | $49,700 | -6.88% | - |
| 2020 | $53,120 | 5.44% | - |
| 2019 | $50,230 | 14.21% | - |
| 2018 | $43,090 | -4.01% | - |
| 2017 | $44,820 | 6.25% | - |
| 2016 | $42,020 | 7.12% | - |
| 2015 | $39,030 | 10.33% | - |
| 2014 | $35,000 | 0.09% | - |
| 2013 | $34,970 | -7.01% | - |
| 2012 | $37,420 | - | - |
From Table 3 we note that the median annual salary of $47,890 in Charleston-North Charleston-Summerville is in the middle of salary range for insurance sales agents in state of South Carolina. In comparison, the annual salary of insurance sales agents in Charleston-North Charleston-Summerville is 20.8 percent (20.8%) lower than that in the highest paying Charlotte-Gastonia-Rock Hill and 35.2 percent (35.2%) higher than that in the lowest paying Low Country South Carolina nonmetropolitan area.