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North Dakota 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
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$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
|
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
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
|
|
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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
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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%)
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