Business & Finance Memphis, TN
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Insurance Agent Salary in Memphis, Tennessee
The median insurance agent salary in Memphis, TN is $49,760 per year, which is 14% below the national median and 3.4% below the Tennessee state average.
City Median
$49,760
vs State Avg
$-1,735
vs National
$-8,100
Cost of Living
86%
Insurance Agent Salary in Memphis by Experience
In Memphis, an entry-level insurance agent earns around $27,520, while experienced professionals earn up to $94,600 per year. The local cost of living index is 86% of the national average.
Entry Level (0-2 yrs)
$27,520
$-4,480 vs national
Mid Level (3-7 yrs)
$51,600
$-8,400 vs national
Senior Level (8+ yrs)
$94,600
$-15,400 vs national
Salary Percentiles in Memphis, TN
| Percentile | Memphis |
|---|---|
| 10th Percentile | $25,800 |
| 25th Percentile | $34,400 |
| Median (50th) | $49,760 |
| 75th Percentile | $70,520 |
| 90th Percentile | $101,480 |
Insurance Agent Salary in Other Tennessee Cities
How to Become a Insurance Agent in Memphis
Education
Most insurance agent positions require a high school diploma. Memphis and the surrounding Tennessee area have institutions offering relevant programs.
Key Skills
SalesInsurance ProductsClient RelationsRisk AssessmentCommunicationCRM
Job Outlook
Nationally, insurance agent employment is projected to grow 6% over the next decade (faster than average). Demand in Memphis may vary based on local industry and population growth.