Insurance Sales Agent salary in Memphis, TN-MS-AR
Insurance Sales Agents in the Memphis, TN-MS-AR metro area earn a median of $51,570 a year ($24.79 an hour), based on BLS data for 1,130 workers.
Pay ranges from $30,540 for the lowest-paid 10% to $127,330 for the top 10%. That is 17% lower than the national median of $62,280. Pay here is 10% lower than the Tennessee statewide median of $57,120. There are 1.9 insurance sales agents per 1,000 jobs here — the job is less common than nationally (location quotient 0.60). The average (mean) salary is $74,760, above the median because a few high earners pull it up.
Pay range for insurance sales agents in Memphis, TN-MS-AR
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $30,540 | $14.68 |
| 25th percentile | $41,150 | $19.78 |
| Median | $51,570 | $24.79 |
| 75th percentile | $79,200 | $38.08 |
| 90th percentile (top earners) | $127,330 | $61.22 |
| Average (mean) | $74,760 | $35.94 |
Half of insurance sales agents earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $4,297.50 |
| Semi-monthly (24 a year) | $2,148.75 |
| Biweekly (26 a year) | $1,983.46 |
| Weekly | $991.73 |
| Hourly | $24.79 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $51,570 salary, see how much house you can afford in Tennessee at today's mortgage rates, or work out a payment with the mortgage calculator.
Insurance Sales Agent salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Jackson, MS | $76,310 | 760 |
| Knoxville, TN | $65,060 | 940 |
| Jackson, TN | $64,310 | 190 |
| Johnson City, TN | $63,400 | 120 |
| Fayetteville-Springdale-Rogers, AR | $61,640 | 500 |
| Fort Smith, AR-OK | $60,800 | 190 |
| Little Rock-North Little Rock-Conway, AR | $57,890 | 1,610 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | $57,140 | 2,680 |
| Hot Springs, AR | $56,000 | 140 |
| Chattanooga, TN-GA | $54,940 | 790 |
| Jonesboro, AR | $51,520 | 110 |
| Cleveland, TN | $51,120 | 80 |
| Clarksville, TN-KY | $49,550 | 180 |
| Gulfport-Biloxi, MS | $47,040 | 540 |
| Kingsport-Bristol, TN-VA | $46,830 | 210 |
| Texarkana, TX-AR | $40,830 | 90 |
Highest-paying states for insurance sales agents
| State | Median salary |
|---|---|
| District of Columbia | $84,530 |
| New Jersey | $81,640 |
| Rhode Island | $79,930 |
| Wisconsin | $79,450 |
| Massachusetts | $79,300 |
| Minnesota | $78,640 |
| New York | $78,110 |
| California | $76,120 |
| Connecticut | $74,840 |
| New Hampshire | $74,370 |
See Insurance Sales Agent pay in every state or the Tennessee statewide figures.
Related jobs in Memphis, TN-MS-AR
| Job | Median salary | Hourly |
|---|---|---|
| Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel | $59,140 | $28.43 |
| Securities, Commodities, and Financial Services Sales Agents | $58,500 | $28.12 |
| Advertising Sales Agent | $40,560 | $19.50 |
| Retail Salesperson | $32,580 | $15.67 |
| Cashier | $29,160 | $14.02 |
| First-Line Supervisors of Retail Sales Workers | $49,010 | $23.56 |
| Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products | $61,430 | $29.53 |
| Counter and Rental Clerks | $37,430 | $17.99 |
| Sales Representatives, Wholesale and Manufacturing, Technical and Scientific Products | $96,940 | $46.61 |
| Parts Salesperson | $38,730 | $18.62 |
| First-Line Supervisors of Non-Retail Sales Workers | $81,120 | $39.00 |
| Real Estate Sales Agent | $46,490 | $22.35 |
| Telemarketer | $30,700 | $14.76 |
| Sales and Related Workers, All Other | $39,550 | $19.01 |
More: Sales and Related Occupations · all salaries in Memphis, TN-MS-AR
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 41-3021. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a insurance sales agent make in Memphis, TN-MS-AR?
The median salary for insurance sales agents in the Memphis, TN-MS-AR metro area is $51,570 a year, or $24.79 an hour. Pay ranges from $30,540 for the lowest-paid 10% to $127,330 for the top 10%.
How much do the highest-paid insurance sales agents make in Memphis, TN-MS-AR?
The top 10% of insurance sales agents in the Memphis, TN-MS-AR metro area earn at least $127,330 a year. The top 25% earn $79,200 or more.
What is the starting pay for insurance sales agents in Memphis, TN-MS-AR?
Entry-level pay (the 10th percentile) is about $30,540 a year, and a quarter of insurance sales agents earn $41,150 or less.
How many insurance sales agents work in Memphis, TN-MS-AR?
About 1,130 insurance sales agents are employed in the Memphis, TN-MS-AR metro area, not counting the self-employed.