Insurance Sales Agents Salary in Michigan
Official Bureau of Labor Statistics Data - May 2024 - MI
Median Annual Salary in Michigan
$56,410
$27.12 / hour
▼ 4.0% below national avg
National Median
$58,760
$28.25 / hour nationally
COL-Adjusted Purchasing Power
$59,693
Missouri equivalent (COL: 94.5)
Insurance Sales Agents Salary in Michigan
| Percentile | Annual Salary |
|---|---|
| 10th (Entry Level) | $29,897 |
| 25th Percentile | $40,615 |
| 50th (Median) | $56,410 |
| 75th Percentile | $77,846 |
| 90th (Top Earners) | $97,025 |
| Source: U.S. Bureau of Labor Statistics OEWS, May 2024 | |
Free: Top 50 Highest Paying Jobs by State
Printable guide - see which jobs pay the most in your state
Check your email! Your free resource is on its way. (Check spam if you don't see it.)
Cost of Living Adjusted Salary
The Michigan median salary of $56,410 for Insurance Sales Agents has the purchasing power of approximately $59,693 in Missouri (the COL baseline state with index 100).
Michigan's lower cost of living (COL index: 94.5) means your salary goes further than in higher-cost states.
COL data: MERIC 2024 State Cost of Living Index. Missouri = 100 baseline.
Frequently Asked Questions
How much do Insurance Sales Agents make in Michigan?
Insurance Sales Agents in Michigan earn a median annual salary of $56,410 per year ($27.12/hr) according to BLS OEWS data (May 2024). This is below the national median of $58,760.
Is Michigan a good state for Insurance Sales Agents?
Michigan pays slightly below the national average for insurance sales agents. Cost of living in Michigan is lower average (COL index: 94.5).
What is the cost-of-living adjusted salary for Insurance Sales Agents in Michigan?
After adjusting for cost of living (COL index: 94.5 vs. Missouri baseline of 100), the $56,410 salary in Michigan has the purchasing power of approximately $59,693 in Missouri. Lower living costs in Michigan increase real purchasing power.
How does Michigan compare to neighboring states for Insurance Sales Agents salaries?
For detailed comparison across all states, see the full Insurance Sales Agents salary page at the national level, which includes a complete 50-state salary table.
Top Paying Jobs in Michigan
| # | Job Title | Median Annual |
|---|---|---|
| 1 | Radiologists | $297,523 |
| 2 | Orthopedic Surgeons, Except Pediatric | $293,971 |
| 3 | Neurologists | $283,776 |
| 4 | Surgeons, All Other | $282,739 |
| 5 | Ophthalmologists, Except Pediatric | $261,005 |
| 6 | Psychiatrists | $239,806 |
| 7 | Physicians, Pathologists | $234,163 |
| 8 | General Internal Medicine Physicians | $233,606 |
| Source: BLS OEWS May 2024 | ||
About Insurance Sales Agents in Michigan
Insurance Sales Agents work in their specialized field applying expertise and skills to deliver value in their organization. This occupation is part of the sales sector of the U.S. economy.
Education Required: High school diploma