Insurance Sales Agents in New Mexico
Is New Mexico a good place for you to work as an Insurance Sales Agent?
You’re in luck! Jobs for Insurance Sales Agents in New Mexico are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Insurance Sales Agents in New Mexico is growing faster than average.
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Insurance Sales Agents in New Mexico earn lower salaries than the typical U.S. wage earner.
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How Many Insurance Sales Agents Work in New Mexico?
There were approximately 1,470 workers employed as Insurance Sales Agents in this state in 2018.
There were 1,240 Insurance Sales Agents employed in this state in 2017.
That’s growth of 230 jobs between 2017 and 2018.
The typical state has 5,950 Insurance Sales Agents working in it, which means New Mexico has fewer Insurance Sales Agents than average.
Job Projections for New Mexico
Jobs for Insurance Sales Agents in this state are growing at a rate of 9.6% which is slower than the nationwide estimated projection of 9.9%.
New Mexico Annual Job Openings
The BLS estimates there will be 170 annual job openings, and 1,720 total jobs in 2026 for Insurance Sales Agents in this state.
Nationwide, the prediction is 54,700 annual jobs and 551,200 total jobs in 2026.
What do Insurance Sales Agents Make in New Mexico?
In 2018 wages for Insurance Sales Agents ranged from $25,760 to $76,280 with $35,960 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $12.38 to $36.68. The median hourly rate was $17.29.
Workers in this field were paid a median of $17.68 an hour in 2017.
The hourly rate declined by $0.39.
The median salary in New Mexico is higher than the nationwide median salary.
Top New Mexico Metros for Insurance Sales Agents
The table below shows some of the metros in this state with the most Insurance Sales Agents.
| Metro | Number Employed | Annual Median Salary |
|---|---|---|
| Albuquerque, NM | 890 | $33,360 |
| Las Cruces, NM | 100 | $40,760 |
| Farmington, NM | 90 | $36,870 |
Top States for Insurance Sales Agents Employment
The table below shows the states where most Insurance Sales Agents work.
| State | Number Employed | Annual Median Salary |
|---|---|---|
| California | 41,010 | $55,440 |
| Florida | 35,260 | $48,970 |
| Texas | 31,890 | $45,010 |
| New York | 21,230 | $60,700 |
| Ohio | 15,770 | $47,710 |
| Illinois | 15,520 | $52,420 |
| Pennsylvania | 14,270 | $59,300 |
| Georgia | 11,990 | $42,750 |
| North Carolina | 11,210 | $49,440 |
| Michigan | 11,130 | $50,640 |
| New Jersey | 10,350 | $58,530 |
| Virginia | 10,170 | $46,010 |
| Indiana | 9,450 | $51,140 |
| Missouri | 9,340 | $45,990 |
| Colorado | 9,210 | $51,080 |
| Wisconsin | 8,710 | $63,590 |
| Washington | 7,700 | $51,740 |
| Arizona | 7,570 | $42,700 |
| Tennessee | 7,180 | $43,710 |
| Minnesota | 7,120 | $59,980 |
Below are the states where Insurance Sales Agents get paid the most:
| State | Annual Median Salary |
|---|---|
| Massachusetts | $70,660 |
| Wisconsin | $63,590 |
| Connecticut | $61,580 |
| New York | $60,700 |
| Rhode Island | $60,290 |
| Minnesota | $59,980 |
| Pennsylvania | $59,300 |
| New Jersey | $58,530 |
| Nebraska | $58,240 |
| New Hampshire | $57,640 |
References
- Bureau of Labor Statistics (BLS)
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By Nick Youngson under License
More about our data sources and methodologies.
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