The annual salary statistics of insurance sales agents in Portland-Vancouver-Hillsboro, Washington is shown in Table 1. The wage information of insurance sales agents in Portland-Vancouver-Hillsboro 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 | $36,310 |
| 25th Percentile Wage | $46,290 |
| 50th Percentile Wage | $59,740 |
| 75th Percentile Wage | $81,080 |
| 90th Percentile Wage | $110,100 |
Table 1 shows the average annual salary for insurance sales agents in Portland-Vancouver-Hillsboro, Washington in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $110,100. The median (50th percentile) annual salary is $59,740. The average annual salary for the bottom 10 percent earners is $36,310.
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 | $59,740 | -3.97% | -3.03% |
| 2021 | $62,110 | 5.94% | - |
| 2020 | $58,420 | -9.06% | - |
| 2019 | $63,710 | 12.64% | - |
| 2018 | $55,660 | 3.32% | - |
| 2017 | $53,810 | 8.64% | - |
| 2016 | $49,160 | -12.45% | - |
| 2015 | $55,280 | -8.43% | - |
| 2014 | $59,940 | -1.62% | - |
| 2013 | $60,910 | -1.05% | - |
| 2012 | $61,550 | - | - |
From Table 3 we note that with a median annual salary of $59,740, Portland-Vancouver-Hillsboro is the second highest paying city for insurance sales agents in state of Washington, following the highest paying city Seattle-Tacoma-Bellevue (median annual salary of $61,420). Compared with Seattle-Tacoma-Bellevue, the median annual salary of insurance sales agents in Portland-Vancouver-Hillsboro is 2.7 percent (2.7%) lower.