The annual salary statistics of insurance sales agents in Western Tennessee nonmetropolitan area, Tennessee is shown in Table 1. The wage statistics of insurance sales agents in Western Tennessee nonmetropolitan area 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 | $30,140 |
| 25th Percentile Wage | $30,720 |
| 50th Percentile Wage | $37,440 |
| 75th Percentile Wage | $55,410 |
| 90th Percentile Wage | $78,680 |
Table 1 shows the average annual salary for insurance sales agents in Western Tennessee nonmetropolitan area, Tennessee in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $78,680. The median (50th percentile) annual salary is $37,440. The average annual salary for the bottom 10 percent earners is $30,140.
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 | $37,440 | -28.77% | 9.27% |
| 2021 | $48,210 | 14.96% | - |
| 2020 | $41,000 | 12.93% | - |
| 2019 | $35,700 | 5.01% | - |
| 2018 | $33,910 | 2.27% | - |
| 2017 | $33,140 | 0.84% | - |
| 2016 | $32,860 | 6.36% | - |
| 2015 | $30,770 | 4.22% | - |
| 2014 | $29,470 | -12.86% | - |
| 2013 | $33,260 | -2.13% | - |
| 2012 | $33,970 | - | - |
From Table 3 we note that with a median annual salary of $37,440, Western Tennessee nonmetropolitan area is the lowest paying city for insurance sales agents in state of Tennessee, following city of Knoxville (median annual salary of $93,600). Compared with the highest paying city Knoxville, the median annual salary of insurance sales agents in Western Tennessee nonmetropolitan area is 60.0 percent (60.0%) lower.
| 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 |