Insurance Sales Agent

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AVG. SALARY

$83,530

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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

$83,530

Entry Annual Wage

$45,970

Experienced Annual Wage

$148,320

Average Hourly Wage

$40.16

Entry Hourly Wage

$22.10

Experienced Hourly Wage

$71.31

Median Hourly Wage

$31.66

North Dakota Regional 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

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 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

Average Annual Wage

$81,510

Average Hourly Wage

$39.19

Average Annual Range

$36,390 to $135,660

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%)