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Insurance Sales Agent

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AVG. SALARY

$83,210

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EDUCATION

High school (GED) +

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JOB OUTLOOK

Stable

Money & Outlook

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North Dakota Earnings

Average Annual Wage

$83,210

Entry Annual Wage

$41,070

Experienced Annual Wage

$123,870

Average Hourly Wage

$40.00

Entry Hourly Wage

$19.74

Experienced Hourly Wage

$59.56

Median Hourly Wage

$31.66

North Dakota Regional Earnings

North Dakota Metropolitan Areas Wages

Region Average Entry Level Experienced
Bismarck MSA $75,820 or $36.45/hr $39,250 or $18.87/hr $123,820 or $59.53/hr
Fargo ND-MN MSA $92,730 or $44.58/hr $47,610 or $22.89/hr $151,260 or $72.72/hr
Grand Forks ND-MN MSA $77,250 or $37.14/hr $46,490 or $22.35/hr $118,680 or $57.06/hr

North Dakota Geographical Areas Wages

Region Average Entry Level Experienced
East North Dakota nonmetropolitan area $63,350 or $30.46/hr $41,070 or $19.74/hr $77,350 or $37.19/hr
West North Dakota nonmetropolitan area $83,160 or $39.98/hr $41,060 or $19.74/hr $123,230 or $59.24/hr

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

Outlook Stable
Growth rate is estimated to be 1%
Job Openings 153 estimated annual job openings
Employment 1,895 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 4 165 4% 1 13 14
Region 5 698 2% 2 55 57
Region 7 359 1% 29 29
Region 8 109 4% 9 9

Regions with decreasing outlook (negative growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Region 1 91 -1% 7 7
Region 2 238 -6% -1 19 18
Region 3 54 -9% 4 4
Region 6 104 -1% 8 8

National Earnings

Average Annual Wage

$79,700

Average Hourly Wage

$38.32

Average Annual Range

$34,940 to $134,420

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 increasing
  The employment change from 2022 to 2032 is estimated to be +8%.
(The National average for all occupations is +3%)
Job Openings very small number
  A total of 4830 average annual openings are expected for this occupation between 2022 and 2032.
(The National Average for all occupations is 1,670 openings)
Employment large occupation
  This was a large occupation in the United States, employing 536,800 workers in 2022.
(The National average for all occupations is 147,916 workers)
Growth Faster than 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) (84.9%)
  • Insurance carriers and related activities (NAICS524000) (84.1%)
  • Agencies, brokerages, and other insurance related activities (NAICS524200) (63.6%)
  • Insurance agencies and brokerages (NAICS524210) (60.7%)
  • Insurance carriers (NAICS524100) (20.5%)
  • Self-employed workers (11.1%)
  • Direct insurance (except life, health, and medical) carriers (NAICS524120) (8.9%)