The annual salary statistics of insurance sales agents in Elkhart-Goshen, Indiana is shown in Table 1. The wage data of insurance sales agents in Elkhart-Goshen is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $21,730 |
| 25th Percentile Wage | $30,020 |
| 50th Percentile Wage | $38,030 |
| 75th Percentile Wage | $62,090 |
| 90th Percentile Wage | $79,130 |
Table 1 shows the average annual salary for insurance sales agents in Elkhart-Goshen, Indiana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $79,130. The median (50th percentile) annual salary is $38,030. The average annual salary for the bottom 10 percent earners is $21,730.
The table and chart below show the trend of the median salary of insurance sales agents from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 9-Year Growth |
|---|---|---|---|
| 2022 | $38,030 | -1.24% | -71.76% |
| 2021 | $38,500 | -5.19% | - |
| 2020 | $40,500 | 2.40% | - |
| 2019 | $39,530 | 4.05% | - |
| 2018 | $37,930 | 2.50% | - |
| 2017 | $36,980 | 17.87% | - |
| 2016 | $30,370 | -48.24% | - |
| 2015 | $45,020 | -2.53% | - |
| 2014 | $46,160 | -41.51% | - |
| 2013 | $65,320 | - | - |
From Table 3 we note that with a median annual salary of $38,030, Elkhart-Goshen is the lowest paying city for insurance sales agents in state of Indiana, following city of Muncie (median annual salary of $77,270). Compared with the highest paying city Muncie, the median annual salary of insurance sales agents in Elkhart-Goshen is 50.8 percent (50.8%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Muncie | |
| Fort Wayne | |
| Kokomo | |
| Indianapolis-Carmel | |
| Gary | |
| Bloomington | |
| Lafayette-West Lafayette | |
| Michigan City-La Porte | |
| Columbus | |
| Southern Indiana nonmetropolitan area | |
| Central Indiana nonmetropolitan area | |
| Terre Haute | |
| Anderson | |
| Lafayette | |
| Northern Indiana nonmetropolitan area | |
| Elkhart-Goshen |