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The Best Cities in the Country to be an Insurance Agent

Posted By Administration, Tuesday, July 16, 2019

AdvisorSmith is a business insurance advisor. It recently published a report outlining the best 20 cities in the country in which to be an insurance agent. The company took data from the Bureau of Labor Statistics and looked at 343 of the nation’s largest cities. To make its recommendations on which cities are the best AdvisorSmith took into account:

  The cost of living

  Concentration of insurance jobs

  Average salaries

The report found the best places for agents to be are in the states in the South and Midwest and for these reasons:

  High concentration of insurance jobs

  Low cost of living

  Good salaries

The top-five cities are in Alabama, Michigan, Iowa, Mississippi and Nebraska.

The Bureau of Labor Statistics Occupational Employment Statistics report found:

  The average annual salary nationwide is $67,890

  There are 393,830 agents employed throughout the nation

  A 10% growth in insurance employment is predicted between 2016 and 2026

Here are the top-20 cities.

1. Birmingham, Alabama —$95,630 annual salary — 2,400 total jobs — 84th nationally in cost of living

2. Saginaw, Michigan — $91,880 annual salary — 260 total jobs — 79th nationally in cost of living

3. Des Moines, Iowa — $72,930 annual salary — 2,400 total jobs — 90th nationally in cost of living

4. Jackson, Mississippi — $88,330 annual salary — 910 total jobs — 87th nationally in cost of living

5. Grand Island, Nebraska — $75,280 annual salary — 190 total jobs — 88th nationally in cost of living

6. Springfield, Ohio — $75,130 annual salary — 160 total jobs — 87th nationally in cost of living

7. Hartford, Connecticut — $78,520 annual salary — 3,400 total jobs — 117th nationally in cost of living

8. Springfield, Illinois — $83,020 annual salary — 450 total jobs — 87th nationally in cost of living

9. Savannah, Georgia — $92,210 annual salary — 300 total jobs — 94th nationally in cost of living

10. Tampa, Florida — $63,130 annual salary — 7,560 total jobs — 96th nationally in cost of living

11. Evansville, Indiana — $83,050 annual salary — 410 total jobs — 86th nationally in cost of living

12. Columbia, South Carolina — $64,740 annual salary — 1,870 total jobs — 89th nationally in cost of living

13. Amarillo, Texas — $58,450 annual salary — 580 total jobs — 84th nationally in cost of living

14. Albany, New York — $93,790 annual salary — 1,370 total jobs — 105th nationally in cost of living

15. Omaha, Nebraska — $73,320 annual salary — 1,780 total jobs — 89th nationally in cost of living

16. Indianapolis, Indiana — $69,670 annual salary — 4,310 total jobs — 90th nationally in cost of living

17. La Crosse, Wisconsin— $82, 460 annual salary — 210 total jobs — 91st nationally in cost of living

18. Sebastian, Florida — $73,350 annual salary — 230 total jobs — 100th nationally in cost of living

19. Sioux Falls, South Dakota — $76,430 annual salary — 620 total jobs — 98th nationally in cost of living

20. Green Bay, Wisconsin — $67,520 annual salary — 770 total jobs — 92nd nationally in cost of living

Source link: Insurance Business America

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