The annual salary statistics of insurance sales agents in Provo-Orem, Utah is shown in Table 1. The wage data of insurance sales agents in Provo-Orem 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 | $35,930 |
| 25th Percentile Wage | $36,920 |
| 50th Percentile Wage | $45,480 |
| 75th Percentile Wage | $50,560 |
| 90th Percentile Wage | $85,920 |
Table 1 shows the average annual salary for insurance sales agents in Provo-Orem, Utah in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $85,920. The median (50th percentile) annual salary is $45,480. The average annual salary for the bottom 10 percent earners is $35,930.
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 | $45,480 | 14.97% | 10.20% |
| 2021 | $38,670 | 3.67% | - |
| 2020 | $37,250 | 4.38% | - |
| 2019 | $35,620 | 8.56% | - |
| 2018 | $32,570 | 2.70% | - |
| 2017 | $31,690 | -18.84% | - |
| 2016 | $37,660 | 3.69% | - |
| 2015 | $36,270 | -3.20% | - |
| 2014 | $37,430 | 9.99% | - |
| 2013 | $33,690 | -21.22% | - |
| 2012 | $40,840 | - | - |
From Table 3 we note that the median annual salary of $45,480 in Provo-Orem is in the middle of salary range for insurance sales agents in state of Utah. In comparison, the annual salary of insurance sales agents in Provo-Orem is 24.2 percent (24.2%) lower than that in the highest paying Logan and 34.3 percent (34.3%) higher than that in the lowest paying Eastern Utah nonmetropolitan area.