Insurance Sales Agents Salary in Memphis, TN-MS-AR

BLS Occupational Employment & Wage Statistics • May 2025 • Memphis, TN-MS-AR

Median annual salary $49,840 -17.4% vs national
Median hourly $23.96
10th percentile $27,000
90th percentile $110,630
Employed locally 1,590
National median $60,370

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Type a city below to see how Memphis, TN-MS-AR stacks up on salary and cost of living.

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Insurance Sales Agents
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Memphis, TN-MS-AR
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    Salary percentile breakdown

    10th
    $27,000
    25th
    $37,910
    50th (median)
    $49,840
    75th
    $75,980
    90th
    $110,630

    Memphis economic context

    Unemployment rate 4.10% 2024 annual avg • BLS LAUS
    Median household income $64,743 2023 • Census ACS
    Insurance Sales Agents salary vs area income 77% Median Insurance Sales Agents salary is 23% below the area median household income

    Top-paying metros for Insurance Sales Agents

    Metro areaMedian salary
    Santa Maria-Santa Barbara, CA $89,030
    Waterbury-Shelton, CT $86,170
    Southeast Alabama nonmetropolitan area $84,830
    Massachusetts nonmetropolitan area $82,090
    Minneapolis-St. Paul-Bloomington, MN-WI $81,890
    Sioux Falls, SD-MN $81,730

    Nearby metros — Insurance Sales Agents salary comparison

    Metro areaMedian salary
    Nashville-Davidson--Murfreesboro--Franklin, TN $58,830
    Chattanooga, TN-GA $49,430
    Clarksville, TN-KY $48,890
    Jackson, TN $46,540
    Cleveland, TN $45,970
    Kingsport-Bristol, TN-VA $45,370

    Related occupations in Memphis, TN-MS-AR

    OccupationMedian salary
    Retail Salespersons$30,200
    Cashiers$27,750
    First-Line Supervisors of Retail Sales Workers$45,550
    Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products$58,890
    Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel$54,930
    Securities, Commodities, and Financial Services Sales Agents$58,200

    Frequently asked questions

    How much do Insurance Sales Agents make per hour in Memphis?

    The median hourly wage for Insurance Sales Agents in Memphis, TN-MS-AR is $23.96, based on BLS OEWS 2025 data. Top earners (90th percentile) make $61.22 or more per hour.

    Is Memphis above or below average for Insurance Sales Agents salaries?

    The median Insurance Sales Agents salary in Memphis, TN-MS-AR is 17.4% below the national median of $60,370. The national figure is from BLS OEWS 2025 data covering all US metropolitan areas.

    What is the entry-level salary for Insurance Sales Agents in Memphis?

    Entry-level Insurance Sales Agents (10th percentile) earn around $27,000 per year in Memphis, TN-MS-AR. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $37,910.