20 Best States for Insurance Agents in 2022 ranked according to real data

Job experience can be a frustrating or an enjoyable experience no matter what industry or location.

However, some states may offer more opportunities than others.?This rings true for insurance agents.

There are many things that determine how much you can expect to make as an insurance agent but there’s really good data for average salaries for insurance agents by state across America broken down by seniority level.

So while your city may be slightly different than the state average, these averages give you a rough sense of what to expect for your salary.

That's why we made a list of top States in the US where insurance agents are making more money based on the most recent data from the?Bureau of Labor Statistics?on average pay for insurance agents by state.

20. Lowa

ADJUSTED SALARY: $67,692

AVERAGE WAGE: $61,600

COST OF LIVING: 91.0

19. Texas

ADJUSTED SALARY: $69,051

AVERAGE WAGE: $62,630

COST OF LIVING: 90.7

18. Pennsylvania

ADJUSTED SALARY: $69,270

AVERAGE WAGE: $70,240

COST OF LIVING: 101.4

17. Arkansas

ADJUSTED SALARY: $69,621

AVERAGE WAGE: $60,640

COST OF LIVING: 87.1

18. Missouri

ADJUSTED SALARY: $69,734

AVERAGE WAGE: $63,040

COST OF LIVING: 90.4

15. Illinois

ADJUSTED SALARY: $70,105

AVERAGE WAGE: $66,320

COST OF LIVING: 94.6

14. Tennessee

ADJUSTED SALARY: $70,559

AVERAGE WAGE: $63,080

COST OF LIVING: 89.4

13. New York

ADJUSTED SALARY: $71,458

AVERAGE WAGE: $93,610

COST OF LIVING: 131.0

12. Michigan

ADJUSTED SALARY: $71,831

AVERAGE WAGE: $63,930

COST OF LIVING: 89.0

11. Virginia

ADJUSTED SALARY: $71,845

AVERAGE WAGE: $72,420

COST OF LIVING: 100.8

10. Kansas

ADJUSTED SALARY: $72,213

AVERAGE WAGE: $64,920

COST OF LIVING: 89.9

10. Kansas

ADJUSTED SALARY: $72,213

AVERAGE WAGE: $64,920

COST OF LIVING: 89.9

9. North Dakota

ADJUSTED SALARY: $72,253

AVERAGE WAGE: $71,820

COST OF LIVING: 99.4

8. Ohio

ADJUSTED SALARY: $73,837

AVERAGE WAGE: $69,260

COST OF LIVING: 93.8

7. Nebraska

ADJUSTED SALARY: $75,633

AVERAGE WAGE: $69,280

COST OF LIVING: 91.6

6. Alabama

ADJUSTED SALARY: $75,657

AVERAGE WAGE: $69,000

COST OF LIVING: 91.2

5. Delaware

ADJUSTED SALARY: $75,848

AVERAGE WAGE: $76,910

COST OF LIVING: 101.4

4. Indiana

ADJUSTED SALARY: $76,245

AVERAGE WAGE: $68,240

COST OF LIVING: 89.5

3. Minnesota

ADJUSTED SALARY: $79,603

AVERAGE WAGE: $80,240

COST OF LIVING: 100.8

2. Wisconsin

ADJUSTED SALARY: $83,254

AVERAGE WAGE: $80,590

COST OF LIVING: 96.8

1. Georgia

ADJUSTED SALARY: $91,641

AVERAGE WAGE: $83,760

COST OF LIVING: 91.4

Conclusion

Here's how we came up with the ranking:

To make the comparison of salaries apples to apples across states, we also took into account the cost of living in each state. Then created an index by dividing the average wage for a state by the cost of living relative to the average.

To make the comparison of salaries apples to apples across states, we also took into account the cost of living in each state. Then created an index by dividing the average wage for a state by the cost of living relative to the average.

As an example, the cost of living index in California is 135.9 and the average pay is $79280, so our index value would be:

$79,280 * (100 / 135.9) = $58,337

We then ranked every state on this criteria with the state with the highest salary index ranking as the highest average salary for insurance agents.

The ranking and the data of these statistics are collected from zippia.com