The annual salary statistics of insurance sales agents in Staunton-Waynesboro, Virginia is shown in Table 1. The wage information of insurance sales agents in Staunton-Waynesboro 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 | $30,000 |
| 25th Percentile Wage | $37,430 |
| 50th Percentile Wage | $47,170 |
| 75th Percentile Wage | $59,150 |
| 90th Percentile Wage | $108,660 |
Table 1 shows the average annual salary for insurance sales agents in Staunton-Waynesboro, Virginia in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $108,660. The median (50th percentile) annual salary is $47,170. The average annual salary for the bottom 10 percent earners is $30,000.
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 | $47,170 | 1.91% | 17.85% |
| 2021 | $46,270 | 15.22% | - |
| 2020 | $39,230 | 5.35% | - |
| 2019 | $37,130 | 5.82% | - |
| 2018 | $34,970 | -12.47% | - |
| 2017 | $39,330 | 1.47% | - |
| 2016 | $38,750 | -6.58% | - |
| 2015 | $41,300 | 6.17% | - |
| 2012 | $38,750 | - | - |
From Table 3 we note that the median annual salary of $47,170 in Staunton-Waynesboro 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 Staunton-Waynesboro is 22.5 percent (22.5%) lower than that in the highest paying Southside Virginia nonmetropolitan area and 26.9 percent (26.9%) higher than that in the lowest paying Danville.