Insurance Sales Agents vs Real Estate Sales Agents salary

According to the US Bureau of Labor Statistics, the average annual salary for Insurance Sales Agents is $69,340, while the average annual salary for Real Estate Sales Agents is $61,480. This means that Insurance Sales Agents earn a higher salary than Real Estate Sales Agents.

Keep in mind, however, that factors such as location, experience, and the specific workplace can affect salary. For instance, Insurance Sales Agents in Washington DC may have higher earnings (averaging $100,050 per annum) compared to those in Utah ($50,850). As another example, the average pay of Real Estate Sales Agents in Massachusetts is 124% higher compared to those in Tennessee.

Insurance Sales Agents vs Real Estate Sales Agents overview

Insurance Sales Agents and Real Estate Sales Agents are essential to the Insurance Carriers and Real Estate industries respectively. There is a common interest in understanding the differences between these job titles, as well as the average salaries for each.

Insurance Sales Agent job description

Insurance Sales Agents sell life, property, casualty, health, automotive, or other types of insurance. May refer clients to independent brokers, work as an independent broker, or be employed by an insurance company.

Insurance Sales Agent education and experience

Among Insurance Sales Agents, 39% have completed a Bachelor's Degree, 16% hold an Associate's Degree, and 15% have a High School Diploma. With regard to experience, 43% of Insurance Sales Agent occupations do not require any previous experience. A smaller number of roles (14%) require a previous experience of less than 1 month.

Insurance Sales Agent average salary

As stated by the US Bureau of Labor Statistics, the United States employed 422,600 Insurance Sales Agents in 2021, and the average income they earned annually was $69,340. The bottom 10 percent had earnings of $29,970 or less, and the top 10 percent had earnings of $126,510 or more. The average salary has increased by 0.3% in comparison to the previous year.

Do Insurance Sales Agents make good money?

The mean salary of Insurance Sales Agents is 19% above the average wage in the United States ($58,260). However, they make 10% less than the mean earnings of the Insurance Carriers industry ($76,810).

The mean salary of Insurance Sales Agents is 19% above the average wage in the United States ($58,260).

Insurance Sales Agents job growth

In 2021, there have been 12,650 more Insurance Sales Agent positions than the previous year across the nation, and that marks a rise of 3.1%. Over the past 3 years, job growth has averaged 2.4%.

Real Estate Sales Agent job description

Alternative names: Realtors, Property Managers

Real Estate Sales Agents rent, buy, or sell property for clients. Perform duties such as study property listings, interview prospective clients, accompany clients to property site, discuss conditions of sale, and draw up real estate contracts. Includes agents who represent buyer.

Real Estate Sales Agent education and experience

43% of Real Estate Sales Agents have completed a High School Diploma, 24% have a Post-Secondary Certificate, and 10% hold a Less than a High School Diploma. Regarding experience, more than half of Real Estate Sales Agent jobs require no previous experience. A smaller percentage of jobs (10%) require a previous experience of 2 to 4 years.

Real Estate Sales Agent average salary

According to data from the US Bureau of Labor Statistics, the number of Real Estate Sales Agents employed by the United States in 2021 was 175,920, and the mean income they earned annually was $61,480. The bottom 10 percent had a salary of $28,270 or less, and the top 10 percent had a salary of $102,170 or more. The average salary has decreased by 2.4% compared the previous year.

Do Real Estate Sales Agents make good money?

Real Estate Sales Agents are usually paid well, as their average salary is 6% higher than the average wage in the United States ($58,260). Moreover, they earn 10% more than the average wage of the Real Estate industry ($55,880).

Real Estate Sales Agents are usually paid well, as their average salary is 6% higher than the average wage in the United States ($58,260).

Real Estate Sales Agents job growth

There has been an increase in the employment of Real Estate Sales Agents in the last two years. In 2021, there have been 7,180 more positions than the previous year nationwide, which marks a rise of 4.3%. Over the past 3 years, job growth has averaged 3.9%.

FAQ

Do Insurance Sales Agents or Real Estate Sales Agents make more?

Insurance Sales Agents make 13% more than Real Estate Sales Agents. The average annual salary for Real Estate Sales Agents is $61,480, while Insurance Sales Agents earn $69,340 per year.