Insurance Sales Agent Salary in Michigan
Based on 12K+ workers in Michigan
Median Annual Salary (MI)
$61,900
$29.76/hr
vs National Average
$63,491
-2.5% vs national median
Salary Range (10th–90th)
$38K – $131K
12K employed in Michigan
Insurance Sales Agent salary in Michigan averages $61,900 per year, with approximately 12,160 professionals currently employed in the state. This figure falls roughly 3% below the national average, reflecting regional market conditions and cost of living differences. The salary range extends from $38,350 at the entry level to $131,180 for experienced top earners, demonstrating significant earning potential in this field.
Several factors influence Insurance Sales Agent salary in Michigan, including years of experience, licensing credentials, and the types of insurance products sold. Agent commissions and bonuses vary based on sales performance and client retention rates. Additionally, employer size, location within the state, and specialization in commercial versus personal insurance can substantially impact total compensation packages for professionals in this role.
Salary Distribution — Insurance Sales Agent in Michigan
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $38,350 |
| 25th percentile | $47,890 |
| Median (50th percentile) | $61,900 |
| 75th percentile | $88,390 |
| 90th percentile | $131,180 |
Top-Paying Industries for Insurance Sales Agent (U.S.)
Which industries pay Insurance Sales Agents the most — nationwide figures (industry-level data is not available by state). Insurance Sales Agents in Michigan tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Wholesale Trade | $107,430 | — |
| Government (excl. schools, hospitals & USPS) | $88,860 | 730 |
| Management of Companies and Enterprises | $81,090 | 3K |
| Construction | $79,980 | 60 |
| Health Care and Social Assistance | $65,850 | 360 |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Insurance Sales Agent in Michigan vs National
| Year | Median Salary (Michigan) |
|---|---|
| 2022 | $57,210 |
| 2023 | $58,880 |
| 2024 | $58,910 |
| 2025 | $61,900 |
| 2026 (projected) | $65,042 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Michigan Median | National Median |
|---|---|---|
| 2022 | $57,210 | $56,540 |
| 2023 | $58,880 | $57,817 |
| 2024 | $58,910 | $60,047 |
| 2025 | $61,900 | $63,491 |
| 2026 (projected) | $65,042 | $66,714 |
Insurance Sales Agent Salary by Experience Level in Michigan
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $47,890 |
| Mid-level | 3-5 yrs | $61,900 |
| Senior | 6-9 yrs | $88,390 |
| Staff / Lead | 10+ yrs | $131,180 |
Insurance Sales Agent Salary in Other States
Related Insurance Sales Agent Salaries in Michigan
How other high-demand occupations in Michigan compare to Insurance Sales Agent ($61,900 median).
| Occupation | Median Salary | vs Insurance Sales Agent | Hourly |
|---|---|---|---|
| Financial Manager in MI | $139,370 | +125.2% | $67.00/hr |
| Economist in MI | $106,350 | +71.8% | $51.13/hr |
| Actuary in MI | $100,640 | +62.6% | $48.38/hr |
| Budget Analyst in MI | $96,430 | +55.8% | $46.36/hr |
| Financial Analyst in MI | $95,420 | +54.2% | $45.88/hr |
| Accountant in MI | $78,820 | +27.3% | $37.89/hr |
| Personal Financial Advisor in MI | $77,930 | +25.9% | $37.47/hr |
| Compliance Officer in MI | $77,390 | +25.0% | $37.21/hr |
| Tax Examiner in MI | $75,040 | +21.2% | $36.08/hr |
| Credit Analyst in MI | $74,640 | +20.6% | $35.88/hr |
| Loan Officer in MI | $74,470 | +20.3% | $35.80/hr |
| Securities Sales Agent in MI | $73,480 | +18.7% | $35.33/hr |
Frequently Asked Questions
How much do insurance sales agents make in Michigan?
- Insurance sales agents in Michigan earn a median salary of $61,900 per year, or $30 per hour. This is slightly below the national average, representing a -2.5% difference compared to insurance sales agents across the United States.
What is the salary range for insurance sales agents in Michigan?
- The salary range for insurance sales agents in Michigan spans from $38,350 at the lower end to $131,180 at the upper end. This wide range reflects differences in experience, specialization, and individual performance within the field.
Is the insurance sales agent salary in Michigan competitive?
- Michigan's insurance sales agent median salary of $61,900 is slightly below the national average by 2.5%, meaning the state offers slightly lower compensation compared to the national benchmark. However, with over 12,160 insurance sales agents employed in Michigan, it remains a viable career option in the state.
How many insurance sales agents are employed in Michigan?
- There are 12,160 insurance sales agents currently employed in Michigan, indicating a substantial job market in the state for this profession.