The annual salary statistics of insurance sales agents in Minneapolis-St Paul-Bloomington, Wisconsin is shown in Table 1. The wage data of insurance sales agents in Minneapolis-St Paul-Bloomington 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 | $43,070 |
| 25th Percentile Wage | $48,580 |
| 50th Percentile Wage | $62,200 |
| 75th Percentile Wage | $100,810 |
| 90th Percentile Wage | $181,580 |
Table 1 shows the average annual salary for insurance sales agents in Minneapolis-St Paul-Bloomington, Wisconsin in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $181,580. The median (50th percentile) annual salary is $62,200. The average annual salary for the bottom 10 percent earners is $43,070.
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 | $62,200 | -1.11% | 19.04% |
| 2021 | $62,890 | -0.67% | - |
| 2020 | $63,310 | 2.57% | - |
| 2019 | $61,680 | -0.78% | - |
| 2018 | $62,160 | -1.93% | - |
| 2017 | $63,360 | 1.28% | - |
| 2016 | $62,550 | -6.52% | - |
| 2015 | $66,630 | 8.94% | - |
| 2014 | $60,670 | 2.18% | - |
| 2013 | $59,350 | 15.15% | - |
| 2012 | $50,360 | - | - |
From Table 3 we note that the median annual salary of $62,200 in Minneapolis-St Paul-Bloomington 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 Minneapolis-St Paul-Bloomington is 37.5 percent (37.5%) lower than that in the highest paying Eastern Wisconsin nonmetropolitan area and 33.1 percent (33.1%) higher than that in the lowest paying Janesville.