The annual salary statistics of insurance sales agents in Nashville-Davidson--Murfreesboro--Franklin, Tennessee is shown in Table 1. The wage data of insurance sales agents in Nashville-Davidson--Murfreesboro--Franklin 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 | $31,330 |
| 25th Percentile Wage | $36,250 |
| 50th Percentile Wage | $50,050 |
| 75th Percentile Wage | $76,040 |
| 90th Percentile Wage | $108,390 |
Table 1 shows the average annual salary for insurance sales agents in Nashville-Davidson--Murfreesboro--Franklin, Tennessee in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $108,390. The median (50th percentile) annual salary is $50,050. The average annual salary for the bottom 10 percent earners is $31,330.
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 | $50,050 | 3.16% | 12.33% |
| 2021 | $48,470 | 5.84% | - |
| 2020 | $45,640 | 1.69% | - |
| 2019 | $44,870 | 1.00% | - |
| 2018 | $44,420 | -0.88% | - |
| 2017 | $44,810 | 0.33% | - |
| 2016 | $44,660 | 1.21% | - |
| 2015 | $44,120 | 3.94% | - |
| 2014 | $42,380 | 0.33% | - |
| 2013 | $42,240 | -3.88% | - |
| 2012 | $43,880 | - | - |
From Table 3 we note that the median annual salary of $50,050 in Nashville-Davidson--Murfreesboro--Franklin is in the middle of salary range for insurance sales agents in state of Tennessee. In comparison, the annual salary of insurance sales agents in Nashville-Davidson--Murfreesboro--Franklin is 46.5 percent (46.5%) lower than that in the highest paying Knoxville and 25.2 percent (25.2%) higher than that in the lowest paying Western Tennessee nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Knoxville | |
| North Central Tennessee nonmetropolitan area | |
| Chattanooga | |
| Nashville-Davidson--Murfreesboro--Franklin | |
| Clarksville | |
| Morristown | |
| Jackson | |
| Memphis | |
| South Central Tennessee nonmetropolitan area | |
| Johnson City | |
| Eastern Tennessee nonmetropolitan area | |
| Cleveland | |
| Western Tennessee nonmetropolitan area |