The annual salary statistics of insurance sales agents in Virginia Beach-Norfolk-Newport News, Virginia is shown in Table 1. The wage statistics of insurance sales agents in Virginia Beach-Norfolk-Newport News 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 | $27,860 |
| 25th Percentile Wage | $39,010 |
| 50th Percentile Wage | $43,980 |
| 75th Percentile Wage | $72,520 |
| 90th Percentile Wage | $134,080 |
Table 1 shows the average annual salary for insurance sales agents in Virginia Beach-Norfolk-Newport News, Virginia in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $134,080. The median (50th percentile) annual salary is $43,980. The average annual salary for the bottom 10 percent earners is $27,860.
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 | $43,980 | -13.10% | 13.39% |
| 2021 | $49,740 | 15.44% | - |
| 2020 | $42,060 | 7.47% | - |
| 2019 | $38,920 | -5.32% | - |
| 2018 | $40,990 | 0.51% | - |
| 2017 | $40,780 | -5.54% | - |
| 2016 | $43,040 | 8.60% | - |
| 2015 | $39,340 | 4.22% | - |
| 2014 | $37,680 | 1.49% | - |
| 2013 | $37,120 | -2.61% | - |
| 2012 | $38,090 | - | - |
From Table 3 we note that the median annual salary of $43,980 in Virginia Beach-Norfolk-Newport News 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 Virginia Beach-Norfolk-Newport News is 27.7 percent (27.7%) lower than that in the highest paying Southside Virginia nonmetropolitan area and 21.6 percent (21.6%) 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 |