Business & Finance Richmond, VA
Pop. 226,610
Insurance Agent Salary in Richmond, Virginia
The median insurance agent salary in Richmond, VA is $60,753 per year, which is 5.0% above the national median and 3.7% below the Virginia state average.
City Median
$60,753
vs State Avg
$-2,314
vs National
+$2,893
Cost of Living
100%
Insurance Agent Salary in Richmond by Experience
In Richmond, an entry-level insurance agent earns around $33,600, while experienced professionals earn up to $115,500 per year. The local cost of living index is 100% of the national average.
Entry Level (0-2 yrs)
$33,600
+$1,600 vs national
Mid Level (3-7 yrs)
$63,000
+$3,000 vs national
Senior Level (8+ yrs)
$115,500
+$5,500 vs national
Salary Percentiles in Richmond, VA
| Percentile | Richmond |
|---|---|
| 10th Percentile | $31,500 |
| 25th Percentile | $42,000 |
| Median (50th) | $60,753 |
| 75th Percentile | $86,100 |
| 90th Percentile | $123,900 |
Insurance Agent Salary in Other Virginia Cities
How to Become a Insurance Agent in Richmond
Education
Most insurance agent positions require a high school diploma. Richmond and the surrounding Virginia 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 Richmond may vary based on local industry and population growth.