The annual salary statistics of insurance sales agents in Blacksburg-Christiansburg-Radford, Virginia is shown in Table 1. The wage information of insurance sales agents in Blacksburg-Christiansburg-Radford 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 | $23,720 |
| 25th Percentile Wage | $23,720 |
| 50th Percentile Wage | $42,860 |
| 75th Percentile Wage | $43,340 |
| 90th Percentile Wage | $50,570 |
Table 1 shows the average annual salary for insurance sales agents in Blacksburg-Christiansburg-Radford, Virginia in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $50,570. The median (50th percentile) annual salary is $42,860. The average annual salary for the bottom 10 percent earners is $23,720.
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 | $42,860 | 12.69% | 17.03% |
| 2021 | $37,420 | -25.17% | - |
| 2020 | $46,840 | 11.89% | - |
| 2019 | $41,270 | 5.11% | - |
| 2018 | $39,160 | -25.10% | - |
| 2016 | $48,990 | -15.04% | - |
| 2015 | $56,360 | 4.10% | - |
| 2014 | $54,050 | 18.08% | - |
| 2013 | $44,280 | 19.69% | - |
| 2012 | $35,560 | - | - |
From Table 3 we note that the median annual salary of $42,860 in Blacksburg-Christiansburg-Radford is in the middle of salary range for insurance sales agents in state of Virginia. In comparison, the annual salary of insurance sales agents in Blacksburg-Christiansburg-Radford is 29.5 percent (29.5%) lower than that in the highest paying Southside Virginia nonmetropolitan area and 19.6 percent (19.6%) higher than that in the lowest paying Danville.
| Cities/Areas | Median Annual Salary |
|---|---|
| Southside Virginia nonmetropolitan area | |
| Richmond | |
| Harrisonburg | |
| Northwestern Virginia nonmetropolitan area | |
| Roanoke | |
| Northeastern Virginia nonmetropolitan area | |
| Charlottesville | |
| Staunton-Waynesboro | |
| Kingsport-Bristol-Bristol | |
| Southwestern Virginia nonmetropolitan area | |
| Lynchburg | |
| Virginia Beach-Norfolk-Newport News | |
| Blacksburg-Christiansburg-Radford | |
| Danville |