The annual salary statistics of insurance sales agents in Myrtle Beach-North Myrtle Beach-Conway, South Carolina is shown in Table 1. The wage data of insurance sales agents in Myrtle Beach-North Myrtle Beach-Conway 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 | $30,940 |
| 25th Percentile Wage | $38,020 |
| 50th Percentile Wage | $51,270 |
| 75th Percentile Wage | $74,300 |
| 90th Percentile Wage | $121,110 |
Table 1 shows the average annual salary for insurance sales agents in Myrtle Beach-North Myrtle Beach-Conway, South Carolina in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $121,110. The median (50th percentile) annual salary is $51,270. The average annual salary for the bottom 10 percent earners is $30,940.
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 | $51,270 | 10.83% | 40.30% |
| 2021 | $45,720 | -0.81% | - |
| 2020 | $46,090 | -9.09% | - |
| 2019 | $50,280 | -4.14% | - |
| 2018 | $52,360 | 10.87% | - |
| 2017 | $46,670 | 8.19% | - |
| 2016 | $42,850 | 18.09% | - |
| 2015 | $35,100 | 12.79% | - |
| 2014 | $30,610 | 6.04% | - |
| 2013 | $28,760 | -6.43% | - |
| 2012 | $30,610 | - | - |
From Table 3 we note that the median annual salary of $51,270 in Myrtle Beach-North Myrtle Beach-Conway 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 Myrtle Beach-North Myrtle Beach-Conway is 15.2 percent (15.2%) lower than that in the highest paying Charlotte-Gastonia-Rock Hill and 39.5 percent (39.5%) higher than that in the lowest paying Low Country South Carolina nonmetropolitan area.