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North Dakota Earnings
North Dakota Metropolitan Areas Wages
Region
|
Average
|
Entry Level
|
Experienced
|
Bismarck MSA
|
$79,390 or $38.17/hr
|
$46,140 or $22.18/hr
|
$149,990 or $72.11/hr
|
Fargo ND-MN MSA
|
$86,860 or $41.76/hr
|
$45,590 or $21.92/hr
|
$160,240 or $77.04/hr
|
Grand Forks ND-MN MSA
|
$80,760 or $38.83/hr
|
$45,090 or $21.68/hr
|
$146,570 or $70.47/hr
|
Minot MSA
|
$75,360 or $36.23/hr
|
$41,130 or $19.78/hr
|
$128,010 or $61.54/hr
|
North Dakota Geographical Areas Wages
Region
|
Average
|
Entry Level
|
Experienced
|
East North Dakota nonmetropolitan area
|
$76,600 or $36.83/hr
|
$38,950 or $18.73/hr
|
$152,830 or $73.48/hr
|
West North Dakota nonmetropolitan area
|
$87,880 or $42.25/hr
|
$47,860 or $23.01/hr
|
$130,090 or $62.54/hr
|
North Dakota's Employment and Outlook (State-wide)
Outlook
|
Stable Growth rate is estimated to be 1%
|
Job Openings
|
147 estimated annual job openings
|
Employment
|
1,881 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
|
75
|
7%
|
|
6
|
6
|
Region 5
|
720
|
3%
|
2
|
56
|
58
|
Region 7
|
343
|
1%
|
|
27
|
27
|
Regions with decreasing outlook (negative growth rate expected)
Region
|
Employment
|
Projected Growth Rate
|
Annual Openings (growth)
|
Annual Openings (replacement)
|
Annual Openings
|
Region 2
|
207
|
-7%
|
-2
|
16
|
14
|
Region 3
|
80
|
-10%
|
-1
|
5
|
4
|
Region 4
|
171
|
-6%
|
-1
|
13
|
12
|
Region 6
|
137
|
-7%
|
-1
|
10
|
9
|
Region 8
|
109
|
-2%
|
|
9
|
9
|
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
|
increasing
|
|
The employment change from 2023 to 2033 is estimated to be +6%.
(The National average for all occupations is +4%)
|
Job Openings
|
very small number
|
|
A total of 4710 average annual openings are expected for this occupation between 2023 and 2033.
(The National Average for all occupations is 1,724 openings)
|
Employment
|
large occupation
|
|
This was a large occupation in the United States, employing 547,600 workers in 2023.
(The National average for all occupations is 150,944 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) (85.4%)
- Insurance carriers and related activities (NAICS524000) (84.5%)
- Agencies, brokerages, and other insurance related activities (NAICS524200) (65.3%)
- Insurance agencies and brokerages (NAICS524210) (62.4%)
- Insurance carriers (NAICS524100) (19.2%)
- Self-employed workers (11%)
- Direct insurance (except life, health, and medical) carriers (NAICS524120) (8.4%)
|