The annual salary statistics of insurance sales agents in Hagerstown-Martinsburg, West Virginia is shown in Table 1. The wage data of insurance sales agents in Hagerstown-Martinsburg 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 | $35,370 |
| 25th Percentile Wage | $40,800 |
| 50th Percentile Wage | $51,800 |
| 75th Percentile Wage | $70,010 |
| 90th Percentile Wage | $103,740 |
Table 1 shows the average annual salary for insurance sales agents in Hagerstown-Martinsburg, West Virginia in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $103,740. The median (50th percentile) annual salary is $51,800. The average annual salary for the bottom 10 percent earners is $35,370.
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 | $51,800 | 11.76% | 16.43% |
| 2021 | $45,710 | 13.43% | - |
| 2020 | $39,570 | -5.26% | - |
| 2019 | $41,650 | -2.98% | - |
| 2018 | $42,890 | -15.13% | - |
| 2017 | $49,380 | 6.42% | - |
| 2016 | $46,210 | 15.00% | - |
| 2015 | $39,280 | 4.43% | - |
| 2014 | $37,540 | 2.24% | - |
| 2013 | $36,700 | -17.96% | - |
| 2012 | $43,290 | - | - |
From Table 3 we note that the median annual salary of $51,800 in Hagerstown-Martinsburg is in the middle of salary range for insurance sales agents in state of West Virginia. In comparison, the annual salary of insurance sales agents in Hagerstown-Martinsburg is 23.6 percent (23.6%) lower than that in the highest paying Southern West Virginia nonmetropolitan area and 29.0 percent (29.0%) higher than that in the lowest paying Parkersburg-Marietta-Vienna.
| Cities/Areas | Median Annual Salary |
|---|---|
| Southern West Virginia nonmetropolitan area | |
| Cumberland | |
| Charleston | |
| Hagerstown-Martinsburg | |
| Huntington-Ashland | |
| Washington-Arlington-Alexandria | |
| Morgantown | |
| Winchester | |
| Beckley | |
| Weirton-Steubenville | |
| Wheeling | |
| North Central West Virginia nonmetropolitan area | |
| Steubenville-Weirton | |
| Parkersburg-Marietta-Vienna |