The annual salary statistics of insurance sales agents in Sherman-Denison, Texas is shown in Table 1. The wage information of insurance sales agents in Sherman-Denison 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 | $31,280 |
| 25th Percentile Wage | $38,210 |
| 50th Percentile Wage | $45,650 |
| 75th Percentile Wage | $60,280 |
| 90th Percentile Wage | $91,260 |
Table 1 shows the average annual salary for insurance sales agents in Sherman-Denison, Texas in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $91,260. The median (50th percentile) annual salary is $45,650. The average annual salary for the bottom 10 percent earners is $31,280.
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 | $45,650 | -5.43% | 16.63% |
| 2021 | $48,130 | 11.24% | - |
| 2020 | $42,720 | -11.70% | - |
| 2019 | $47,720 | 3.16% | - |
| 2018 | $46,210 | -1.00% | - |
| 2017 | $46,670 | 1.01% | - |
| 2016 | $46,200 | 11.39% | - |
| 2015 | $40,940 | 6.11% | - |
| 2014 | $38,440 | 7.31% | - |
| 2013 | $35,630 | -6.82% | - |
| 2012 | $38,060 | - | - |
From Table 3 we note that the median annual salary of $45,650 in Sherman-Denison is in the middle of salary range for insurance sales agents in state of Texas. In comparison, the annual salary of insurance sales agents in Sherman-Denison is 11.4 percent (11.4%) lower than that in the highest paying Dallas-Plano-Irving and 37.1 percent (37.1%) higher than that in the lowest paying Killeen-Temple-Fort Hood.