:
Go
North Dakota 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
|
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
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%)
|