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Insurance Sales Agent

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AVG. SALARY

$88,220

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EDUCATION

1-2 years post-secondary training

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JOB OUTLOOK

Stable

Money & Outlook

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North Dakota Earnings

Average Annual Wage

$88,220

Entry Annual Wage

$46,200

Experienced Annual Wage

$158,510

Average Hourly Wage

$42.41

Entry Hourly Wage

$22.21

Experienced Hourly Wage

$76.21

Median Hourly Wage

$31.29

North Dakota Regional Earnings

North Dakota Metropolitan Areas Wages

Region Average Entry Level Experienced
Bismarck MSA $80,400 or $38.66/hr $36,880 or $17.73/hr $139,040 or $66.85/hr
Fargo ND-MN MSA $93,840 or $45.12/hr $49,000 or $23.56/hr $167,740 or $80.65/hr
Grand Forks ND-MN MSA $79,790 or $38.36/hr $36,540 or $17.57/hr $133,430 or $64.15/hr

North Dakota Geographical Areas Wages

Region Average Entry Level Experienced
East North Dakota nonmetropolitan area $60,930 or $29.29/hr $38,560 or $18.54/hr $81,630 or $39.25/hr
West North Dakota nonmetropolitan area $97,020 or $46.64/hr $53,620 or $25.78/hr $165,890 or $79.76/hr

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

Outlook Stable
Growth rate is estimated to be 1%
Job Openings 192 estimated annual job openings
Employment 2,045 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 82 1% 7 7
Region 3 75 0% 7 7
Region 4 188 3% 1 18 19
Region 5 822 1% 1 76 77
Region 6 134 6% 1 13 14
Region 7 334 3% 1 32 33
Region 8 118 1% 11 11

Regions with decreasing outlook (negative growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Region 2 262 -3% -1 23 22

National Earnings

Average Annual Wage

$76,950

Average Hourly Wage

$37.00

Average Annual Range

$31,530 to $130,350

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 2021 to 2031 is estimated to be +6%.
(The National average for all occupations is +5%)
Job Openings very small number
  A total of 5270 average annual openings are expected for this occupation between 2021 and 2031.
(The National Average for all occupations is 1,757 openings)
Employment large occupation
  This was a large occupation in the United States, employing 523,200 workers in 2021.
(The National average for all occupations is 142,207 workers)
Growth 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) (83.2%)
  • Insurance carriers and related activities (NAICS524000) (82.4%)
  • Agencies, brokerages, and other insurance related activities (NAICS524200) (63%)
  • Insurance agencies and brokerages (NAICS524210) (60.5%)
  • Insurance carriers (NAICS524100) (19.4%)
  • Self-employed workers (13.8%)
  • Direct insurance (except life, health, and medical) carriers (NAICS524120) (7.7%)

Contact

  • Email Support
  • 1-800-GO-TO-XAP (1-800-468-6927)
    From outside the U.S., please call +1 (424) 750-3900
  • North Dakota Career Resource Network
    ndcrn@nd.gov | (701) 328-9733

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