The annual salary statistics of insurance sales agents in Milwaukee-Waukesha-West Allis, Wisconsin is shown in Table 1. The wage statistics of insurance sales agents in Milwaukee-Waukesha-West Allis 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 | $40,000 |
| 25th Percentile Wage | $48,730 |
| 50th Percentile Wage | $67,300 |
| 75th Percentile Wage | $102,910 |
| 90th Percentile Wage | $183,990 |
Table 1 shows the average annual salary for insurance sales agents in Milwaukee-Waukesha-West Allis, Wisconsin in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $183,990. The median (50th percentile) annual salary is $67,300. The average annual salary for the bottom 10 percent earners is $40,000.
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 | $67,300 | -14.29% | 17.38% |
| 2021 | $76,920 | -15.63% | - |
| 2020 | $88,940 | 5.19% | - |
| 2019 | $84,320 | -0.36% | - |
| 2018 | $84,620 | 5.84% | - |
| 2017 | $79,680 | 4.59% | - |
| 2016 | $76,020 | 7.34% | - |
| 2015 | $70,440 | 16.16% | - |
| 2014 | $59,060 | 1.71% | - |
| 2013 | $58,050 | 4.22% | - |
| 2012 | $55,600 | - | - |
From Table 3 we note that the median annual salary of $67,300 in Milwaukee-Waukesha-West Allis is in the middle of salary range for insurance sales agents in state of Wisconsin. In comparison, the annual salary of insurance sales agents in Milwaukee-Waukesha-West Allis is 32.4 percent (32.4%) lower than that in the highest paying Eastern Wisconsin nonmetropolitan area and 38.2 percent (38.2%) higher than that in the lowest paying Janesville.