Insurance Sales Agent

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AVG. SALARY

$89,710

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EDUCATION

High school (GED) +

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JOB OUTLOOK

Decreasing

Money & Outlook

:

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North Dakota Earnings

Average Annual Wage

$89,710

Entry Annual Wage

$46,770

Experienced Annual Wage

$161,130

Average Hourly Wage

$43.13

Entry Hourly Wage

$22.49

Experienced Hourly Wage

$77.47

Median Hourly Wage

$34.24

North Dakota Regional Earnings

North Dakota Metropolitan Areas Wages

Region Average Entry Level Experienced
Bismarck MSA $79,630 or $38.28/hr $46,900 or $22.55/hr $150,500 or $72.36/hr
Fargo ND-MN MSA $92,630 or $44.53/hr $46,250 or $22.24/hr $182,150 or $87.57/hr
Grand Forks ND-MN MSA $89,190 or $42.88/hr $47,780 or $22.97/hr $153,490 or $73.79/hr
Minot MSA $83,410 or $40.10/hr $46,560 or $22.39/hr $154,690 or $74.37/hr

North Dakota Geographical Areas Wages

Region Average Entry Level Experienced
East North Dakota nonmetropolitan area $77,470 or $37.24/hr $46,670 or $22.44/hr $88,260 or $42.43/hr
West North Dakota nonmetropolitan area $100,060 or $48.11/hr $50,390 or $24.23/hr $209,390 or $100.67/hr

North Dakota's Employment and Outlook (State-wide)

Outlook Decreasing
Growth rate is estimated to be -3%
Job Openings 128 estimated annual job openings
Employment 1,753 were employed in this occupation

North Dakota's Regional Employment and Outlook

Regions with stable outlook (0 to 20% growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Region 1 94 4% 7 7

Regions with decreasing outlook (negative growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Region 2 231 -8% -2 17 15
Region 3 54 -22% -1 4 3
Region 4 161 -11% -2 12 10
Region 5 666 -1% -1 52 51
Region 6 109 -12% -1 8 7
Region 7 332 -2% 26 26
Region 8 113 -5% -1 9 8

National Earnings

Average Annual Wage

$81,480

Average Hourly Wage

$39.18

Average Annual Range

$37,330 to $138,140

Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.

Where do these numbers come from?


National Employment and Outlook

Outlook stable
  The employment change from 2024 to 2034 is estimated to be +4%.
(The National average for all occupations is +3%)
Job Openings very small number
  A total of 4700 average annual openings are expected for this occupation between 2024 and 2034.
(The National Average for all occupations is 1,696 openings)
Employment large occupation
  This was a large occupation in the United States, employing 568,800 workers in 2024.
(The National average for all occupations is 152,838 workers)
Growth Average growth
  Because the profitability of insurance companies depends on a steady stream of new customers, the demand for insurance sales agents is expected to continue. Employment growth will likely be strongest for independent sales agents as insurance companies rely more on brokerages and less on in-house agents as a way to control costs. 
Industries Large concentrations of this occupation are found in these industries
  • Finance and insurance (NAICS520000) (84.4%)
  • Insurance carriers and related activities (NAICS524000) (83.6%)
  • Agencies, brokerages, and other insurance related activities (NAICS524200) (65.1%)
  • Insurance agencies and brokerages (NAICS524210) (62.4%)
  • Insurance carriers (NAICS524100) (18.5%)
  • Self-employed workers (12.5%)
  • Direct insurance (except life, health, and medical) carriers (NAICS524120) (7.7%)