Birmingham, AL is the Best City for Insurance Agents

eTradeWire News/10521297
NEW YORK - May 13, 2019 - eTradeWire -- AdvisorSmith, a leading information resource for small business owners, today released its study ranking 343 U.S. cities on their attractiveness for insurance agents.

The study ranked cities based on the following factors:
• Average salaries earned by insurance agents
• A cost of living index for each city
• The density of jobs for insurance agents in the city

Key Findings

• The #1 city for insurance agents was Birmingham, Alabama, an important banking center in the South. Birmingham's financial services employers include Regions Financial, Blue Cross-Blue Shield of Alabama, BBVA Compass, Wells Fargo, Protective Life Corporation, and State Farm.
• Southern and Midwestern cities with high concentrations of financial services jobs took 9 of the top 10 spots, and 41 of the top 50. These cities offered low costs of living, high concentrations of insurance jobs, and attractive salaries.
• The top large cities for insurance agents were Birmingham, AL, Des Moines, IA, and Jackson, MS. The top midsize cities were Saginaw, MI, Springfield, IL, and Savannah, GA. The top small cities were Grand Island, NE, Springfield, OH, and La Crosse, WI.

Top 50 Cities for Insurance Agents

Birmingham, AL
Rank: 1
Annual Salary: $95,630
Cost of Living: 84
Location Quotient: 1.73

Saginaw, MI
Rank: 2
Annual Salary: $91,880
Cost of Living: 79
Location Quotient: 1.1

Des Moines, IA
Rank: 3
Annual Salary: $72,930
Cost of Living: 90
Location Quotient: 2.39

Jackson, MS
Rank: 4
Annual Salary: $88,330
Cost of Living: 87
Location Quotient: 1.27

Grand Island, NE
Rank: 5
Annual Salary: $75,280
Cost of Living: 88
Location Quotient: 1.66

Springfield, OH
Rank: 6
Annual Salary: $75,130
Cost of Living: 82
Location Quotient: 1.27

Hartford, CT
Rank: 7
Annual Salary: $78,520
Cost of Living: 117
Location Quotient: 2.13

Springfield, IL
Rank: 8
Annual Salary: $83,020
Cost of Living: 87
Location Quotient: 1.08

Savannah, GA
Rank: 9
Annual Salary: $92,210
Cost of Living: 94
Location Quotient: 0.94

Tampa, FL
Rank: 10
Annual Salary: $63,130
Cost of Living: 96
Location Quotient: 2.12

Evansville, IN
Rank: 11
Annual Salary: $83,050

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Cost of Living: 86
Location Quotient: 0.97

Columbia, SC
Rank: 12
Annual Salary: $64,740
Cost of Living: 89
Location Quotient: 1.81

Amarillo, TX
Rank: 13
Annual Salary: $58,450
Cost of Living: 84
Location Quotient: 1.85

Albany, NY
Rank: 14
Annual Salary: $93,790
Cost of Living: 105
Location Quotient: 1.11

Omaha, NE
Rank: 15
Annual Salary: $73,320
Cost of Living: 89
Location Quotient: 1.34

Indianapolis, IN
Rank: 16
Annual Salary: $69,670
Cost of Living: 90
Location Quotient: 1.52

La Crosse, WI
Rank: 17
Annual Salary: $82,460
Cost of Living: 91
Location Quotient: 1

Sebastian, FL
Rank: 18
Annual Salary: $73,350
Cost of Living: 100
Location Quotient: 1.63

Sioux Falls, SD
Rank: 19
Annual Salary: $76,430
Cost of Living: 98
Location Quotient: 1.46

Green Bay, WI
Rank: 20
Annual Salary: $67,520
Cost of Living: 92
Location Quotient: 1.62

Portland, ME
Rank: 21
Annual Salary: $73,470
Cost of Living: 109
Location Quotient: 1.81

Milwaukee, WI
Rank: 22
Annual Salary: $89,460
Cost of Living: 102
Location Quotient: 1.06

South Bend, IN
Rank: 23
Annual Salary: $70,610
Cost of Living: 84
Location Quotient: 1.15

Tulsa, OK
Rank: 24
Annual Salary: $72,930
Cost of Living: 87
Location Quotient: 1.14

Enid, OK
Rank: 25
Annual Salary: $50,130
Cost of Living: 84
Location Quotient: 2.02

Fond du Lac, WI
Rank: 26
Annual Salary: $75,560
Cost of Living: 88
Location Quotient: 1.06

Decatur, AL
Rank: 27
Annual Salary: $65,320
Cost of Living: 84
Location Quotient: 1.35

Billings, MT
Rank: 28
Annual Salary: $80,750
Cost of Living: 103
Location Quotient: 1.3

Charleston, WV
Rank: 29
Annual Salary: $67,250
Cost of Living: 81
Location Quotient: 1.13

St. Joseph, MO
Rank: 30
Annual Salary: $74,680
Cost of Living: 85
Location Quotient: 0.95

Utica, NY
Rank: 31
Annual Salary: $75,790
Cost of Living: 89
Location Quotient: 1.04

Charlotte, NC
Rank: 32
Annual Salary: $77,570
Cost of Living: 96
Location Quotient: 1.19

Philadelphia, PA
Rank: 33
Annual Salary: $93,640
Cost of Living: 111
Location Quotient: 1.05

Flint, MI
Rank: 34
Annual Salary: $70,500
Cost of Living: 82
Location Quotient: 0.98

Lincoln, NE
Rank: 35
Annual Salary: $72,030
Cost of Living: 92
Location Quotient: 1.26

Appleton, WI
Rank: 36
Annual Salary: $63,040
Cost of Living: 95
Location Quotient: 1.69

Albany, GA

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Rank: 37
Annual Salary: $60,790
Cost of Living: 84
Location Quotient: 1.46

Madison, WI
Rank: 38
Annual Salary: $79,000
Cost of Living: 110
Location Quotient: 1.45

Homosassa Springs, FL
Rank: 39
Annual Salary: $68,190
Cost of Living: 91
Location Quotient: 1.33

Winston-Salem, NC
Rank: 40
Annual Salary: $71,620
Cost of Living: 86
Location Quotient: 1.02

Florence, SC
Rank: 41
Annual Salary: $66,230
Cost of Living: 83
Location Quotient: 1.1

Kansas City, MO
Rank: 42
Annual Salary: $67,890
Cost of Living: 94
Location Quotient: 1.37

Binghamton, NY
Rank: 43
Annual Salary: $73,550
Cost of Living: 87
Location Quotient: 0.91

Dallas, TX
Rank: 44
Annual Salary: $80,880
Cost of Living: 101
Location Quotient: 1.04

Florence, AL
Rank: 45
Annual Salary: $61,110
Cost of Living: 83
Location Quotient: 1.27

Jacksonville, FL
Rank: 46
Annual Salary: $68,820
Cost of Living: 98
Location Quotient: 1.39

Lakeland, FL
Rank: 47
Annual Salary: $59,580
Cost of Living: 94
Location Quotient: 1.63

Great Falls, MT
Rank: 48
Annual Salary: $53,130
Cost of Living: 95
Location Quotient: 1.9

San Antonio, TX
Rank: 49
Annual Salary: $64,180
Cost of Living: 89
Location Quotient: 1.27

Little Rock, AR
Rank: 50
Annual Salary: $63,420
Cost of Living: 87
Location Quotient: 1.23

To view the original report, visit: https://advisorsmith.com/data/best-cities-for-insurance-agents/

About AdvisorSmith

AdvisorSmith is a leading information resource for small business owners. AdvisorSmith empowers small businesses with original research and insights into trends to help them succeed. For more information, go to https://advisorsmith.com or follow us on Twitter @AdvisorSmithInc.

Source: AdvisorSmith
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Filed Under: Insurance

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