Insurance Sales Agent Salary in New Mexico
Based on 2K+ workers in New Mexico
Median Annual Salary (NM)
$45,180
$21.72/hr
vs National Average
$63,491
-28.8% vs national median
Salary Range (10th–90th)
$29K – $99K
2K employed in New Mexico
The median Insurance Sales Agent salary in New Mexico is $45,180 per year, which is significantly below the national average, standing at 29% lower. Approximately 2,200 professionals work in this field across the state. Understanding this median figure provides a crucial starting point for anyone exploring compensation within this profession in New Mexico.
Several factors can influence an Insurance Sales Agent salary in New Mexico, including experience level, commission structures, the specific types of insurance sold, and the size and success of the agency. Geographic location within New Mexico can also play a role, with larger metropolitan areas potentially offering different earning opportunities compared to rural regions.
Salary Distribution — Insurance Sales Agent in New Mexico
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $29,290 |
| 25th percentile | $36,500 |
| Median (50th percentile) | $45,180 |
| 75th percentile | $71,000 |
| 90th percentile | $99,340 |
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 New Mexico 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 New Mexico vs National
| Year | Median Salary (New Mexico) |
|---|---|
| 2022 | $47,200 |
| 2023 | $47,750 |
| 2024 | $46,990 |
| 2025 | $45,180 |
| 2026 (projected) | $45,180 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | New Mexico Median | National Median |
|---|---|---|
| 2022 | $47,200 | $56,540 |
| 2023 | $47,750 | $57,817 |
| 2024 | $46,990 | $60,047 |
| 2025 | $45,180 | $63,491 |
| 2026 (projected) | $45,180 | $63,491 |
Insurance Sales Agent Salary by Experience Level in New Mexico
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $36,500 |
| Mid-level | 3-5 yrs | $45,180 |
| Senior | 6-9 yrs | $71,000 |
| Staff / Lead | 10+ yrs | $99,340 |
Insurance Sales Agent Salary in Other States
Related Insurance Sales Agent Salaries in New Mexico
How other high-demand occupations in New Mexico compare to Insurance Sales Agent ($45,180 median).
| Occupation | Median Salary | vs Insurance Sales Agent | Hourly |
|---|---|---|---|
| Financial Manager in NM | $133,700 | +195.9% | $64.28/hr |
| Personal Financial Advisor in NM | $94,270 | +108.7% | $45.32/hr |
| Financial Analyst in NM | $87,630 | +94.0% | $42.13/hr |
| Budget Analyst in NM | $87,360 | +93.4% | $42.00/hr |
| Tax Examiner in NM | $80,610 | +78.4% | $38.75/hr |
| Accountant in NM | $78,580 | +73.9% | $37.78/hr |
| Credit Analyst in NM | $72,160 | +59.7% | $34.69/hr |
| Compliance Officer in NM | $67,990 | +50.5% | $32.69/hr |
| Financial Examiner in NM | $67,950 | +50.4% | $32.67/hr |
| Loan Officer in NM | $62,610 | +38.6% | $30.10/hr |
| Securities Sales Agent in NM | $60,850 | +34.7% | $29.25/hr |
| Maintenance and Repair Worker in NM | $45,760 | +1.3% | $22.00/hr |
Frequently Asked Questions
How much do insurance sales agents make in New Mexico?
- The median salary for an insurance sales agent in New Mexico is $45,180 per year, which breaks down to about $22 per hour. The salary range in New Mexico is quite wide, from $29,290 on the lower end to $99,340 for top earners.
What is the average salary for an insurance sales agent compared to the national average?
- Insurance sales agents in New Mexico earn 28.8% less than the national average. This means that while the median New Mexico salary is $45,180 per year, the national median is higher.
What is the salary range for insurance sales agents in New Mexico?
- In New Mexico, insurance sales agents can expect to earn a salary between $29,290 and $99,340 annually. The median income falls in the middle of this range at $45,180 per year.
How many insurance sales agents are employed in New Mexico?
- There are approximately 2,200 insurance sales agents currently employed in New Mexico. This figure represents the total number of individuals working in this role within the state.