Top States for Life Insurance Agents in 2023
Welcome to our in-depth guide, where we illuminate the path for life insurance agents searching for the perfect state to call home. With a keen eye on the blend of professional opportunity and personal fulfillment, we’ve sifted through data to present you with the crème de la crème of locations.
Whether you’re drawn to the economic vibrancy, the allure of high salaries, or the promise of a fulfilling lifestyle, this article will walk you through the top states that cater to the aspirations of life insurance agents like you.
How We Identified the Best States for Life Insurance Agents
Our mission is to empower you with accurate and actionable information. The quality of life data that enriches this article is sourced from the reputable World Population Review, which synthesizes the meticulous U.S. News & World Report analysis. They scrutinize healthcare, education, the economy, and more to understand what each state offers comprehensively. Our insights on the life insurance job market are drawn from Zippia, a trusted career expert who blends public data, detailed surveys, and a deep understanding of the job landscape to guide you to the right place and pay.
1. Oregon
Oregon’s vibrant economy provides ample opportunities for life insurance agents, with many jobs and competitive salaries that outstrip many other regions. While the cost of living is moderate, the state boasts a high quality of life with its natural beauty and strong public services. Oregon could be your calling if you’re looking for a place where the industry thrives and you can balance work with outdoor adventures.
Oregon at a Glance: Key Metrics for Insurance Agents
- Total Life Insurance Agent Jobs: 563
- Average Annual Salary: $86,703
- Lowest 10 Percent Earn: $62,000
- Highest 10 Percent Earn: $119,000
- Location Quotient: 1.36
- Quality of Life Total Score: 48.97
- Economy Ranking: 11th
- Education and Health Ranking: 20th
2. Nebraska
Nebraska’s affordability and solid economy stand out, making it a welcoming place for life insurance agents. The state’s educational ranking reflects its commitment to quality, which extends to the healthcare sector—a significant aspect for potential policyholders. Nebraska’s blend of economic stability and high quality of life creates a promising environment for building a career and nurturing a family.
Nebraska at a Glance: Key Metrics for Insurance Agents
- Total Life Insurance Agent Jobs: 319
- Average Annual Salary: $82,296
- Lowest 10 Percent Earn: $59,000
- Highest 10 Percent Earn: $113,000
- Location Quotient: 1.43
- Quality of Life Total Score: 53.08
- Education Ranking: 17th
- Affordability Ranking: 31st
3. South Dakota
With an exceptional economic ranking and a commendable quality of life score, South Dakota offers life insurance agents a landscape of potential amidst the backdrop of Mount Rushmore. Its low cost of living, paired with a strong job market, means agents can enjoy a comfortable lifestyle while capitalizing on the state’s economic growth.
South Dakota at a Glance: Key Metrics for Insurance Agents
- Total Life Insurance Agent Jobs: 124
- Average Annual Salary: $84,741
- Lowest 10 Percent Earn: $62,000
- Highest 10 Percent Earn: $115,000
- Location Quotient: 1.16
- Quality of Life Total Score: 53.13
- Economy Ranking: 5th
- Education and Health Ranking: 27th
4. New Hampshire
New Hampshire’s allure for life insurance agents lies in its top-tier quality of life, safety, and robust health and education systems. These factors provide a fertile ground for life insurance agents to grow their business. Plus, the state’s low poverty and crime rates make it a desirable location for those seeking a secure and prosperous community.
New Hampshire at a Glance: Key Metrics for Insurance Agents
- Total Life Insurance Agent Jobs: 193
- Average Annual Salary: $85,867
- Lowest 10 Percent Earn: $60,000
- Highest 10 Percent Earn: $122,000
- Location Quotient: 1.1
- Quality of Life Total Score: 58.25
- Safety Ranking: 5th
- Education and Health Ranking: 6th
5. Wisconsin
Wisconsin’s high safety and education rankings signal a stable environment conducive to long-term career growth for life insurance agents. The state’s balance of a strong job market with a commendable quality of life means agents can enjoy professional success and personal well-being. It’s an ideal mix for those looking to make a meaningful impact in their work without compromising on lifestyle.
Wisconsin at a Glance: Key Metrics for Insurance Agents
- Total Life Insurance Agent Jobs: 578
- Average Annual Salary: $84,679
- Lowest 10 Percent Earn: $61,000
- Highest 10 Percent Earn: $115,000
- Location Quotient: 1.04
- Quality of Life Total Score: 57.92
- Education Ranking: 13th
- Safety Ranking: 12th
6. Alaska
Alaska may have a smaller market for life insurance agents, but it compensates with the highest average salaries on this list. The Last Frontier offers a unique living experience where agents can leverage a strong economy and embrace the great outdoors, all while earning a substantial income.
Alaska at a Glance: Key Metrics for Insurance Agents
- Total Life Insurance Agent Jobs: 66
- Average Annual Salary: $124,219
- Lowest 10 Percent Earn: $93,000
- Highest 10 Percent Earn: $164,000
- Location Quotient: 0.79
- Quality of Life Total Score: 40.93
- Economy Ranking: 22nd
- Education and Health Ranking: 30th
7. Rhode Island
Rhode Island’s impressive safety and education standings make it a standout for life insurance agents prioritizing community and quality of life. The state’s rich cultural tapestry and historical charm add to the appeal, providing a great setting for agents looking for a vibrant place to live and work.
Rhode Island at a Glance: Key Metrics for Insurance Agents
- Total Life Insurance Agent Jobs: 141
- Average Annual Salary: $82,629
- Lowest 10 Percent Earn: $57,000
- Highest 10 Percent Earn: $117,000
- Location Quotient: 1.16
- Quality of Life Total Score: 51.65
- Safety Ranking: 8th
- Education Ranking: 11th
8. North Dakota
North Dakota’s economy is booming, ranked number one for opportunity, making it a hidden gem for life insurance agents. The state’s quality of life and growing job market present a golden opportunity for agents ready to tap into an emerging market.
North Dakota at a Glance: Key Metrics for Insurance Agents
- Total Life Insurance Agent Jobs: 94
- Average Annual Salary: $82,505
- Lowest 10 Percent Earn: $61,000
- Highest 10 Percent Earn: $111,000
- Location Quotient: 1.01
- Quality of Life Total Score: 54.17
- Economy Ranking: 1st
- Opportunity Ranking: 26th
9. Ohio
Ohio is a hub of activity for life insurance agents, with many jobs and a solid quality of life. It’s a state where agents can enjoy affordability and a large potential client base, making it a pragmatic choice for career-focused professionals.
Ohio at a Glance: Key Metrics for Insurance Agents
- Total Life Insurance Agent Jobs: 1,377
- Average Annual Salary: $77,125
- Lowest 10 Percent Earn: $55,000
- Highest 10 Percent Earn: $106,000
- Location Quotient: 1.35
- Quality of Life Total Score: 49.32
- Affordability Ranking: 22nd
- Education and Health Ranking: 38th
10. Wyoming
Wyoming offers life insurance agents a serene lifestyle with top-notch safety and economic rankings. The state’s low population density means agents can build close-knit client relationships and become well-regarded community figures while enjoying the spectacular natural surroundings.
Wyoming at a Glance: Key Metrics for Insurance Agents
- Total Life Insurance Agent Jobs: 92
- Average Annual Salary: $76,843
- Lowest 10 Percent Earn: $55,000
- Highest 10 Percent Earn: $105,000
- Location Quotient: 1.53
- Quality of Life Total Score: 58
- Economy Ranking: 16th
- Safety Ranking: 3rd
Conclusion
As we close this chapter, remember that each state shines with its unique blend of opportunities and lifestyle perks for life insurance agents. From the majestic outdoors of Alaska to the bustling economies of Ohio and North Dakota, there’s a place for every ambition and dream. We hope this guide serves as your compass to find a state that boosts your career and resonates with your personal life goals. Wherever you decide to venture, may it be a journey marked by success and satisfaction.
