Insurance Sales Agents Salary in Michigan
SOC 41-3021 · Michigan · BLS OEWS May 2024
The median salary for Insurance Sales Agents in Michigan is $58,906 per year ($28.32/hr). This is 2.4% lower than the national median of $60,362. The middle 50% earn between $43,472 and $79,747 annually. Top earners at the 90th percentile reach $125,778.
Wage Percentiles: Michigan
| Percentile | Hourly Rate | Annual Salary | vs National |
|---|---|---|---|
| P10 | $17.55 | $36,504 | +0.3% |
| P25 | $20.90 | $43,472 | -4.5% |
| P50MEDIAN | $28.32 | $58,906 | -2.4% |
| P75 | $38.34 | $79,747 | -12.5% |
| P90 | $60.47 | $125,778 | -7.3% |
Market Context Signal
Retail saw layoffs increase by 72K in February. For professional roles in retail orgs, conditions are more stable than frontline, but the sector is softening.
Frequently Asked Questions
What is the median insurance sales agents salary in Michigan?
The median (P50) annual salary for Insurance Sales Agents in Michigan is approximately $58,906, based on BLS OEWS May 2024 data adjusted for regional cost factors. This is 2.4% lower than the national median of $60,362.
What is the salary range for entry-level insurance sales agents in Michigan?
Entry-level Insurance Sales Agents (10th percentile) in Michigan earn approximately $36,504 per year. The 25th percentile is $43,472. Top earners (90th percentile) reach $125,778.
How does Michigan compare to the national average for insurance sales agents?
Michigan pays 2.4% lower than the national average. The national P50 is $60,362 vs $58,906 in Michigan. Based on BLS national data adjusted for regional cost factors.
Insurance Sales Agents Salary by Location
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