Insurance Sales Agents pay range in Memphis
New workers and the lowest-paid 10% earn about $30,540 a year or less, while the top 10% make $127,330 or more. The middle half of insurance sales agents in Memphis earn between $41,150 and $79,200.
- $31K10th
- $41K25th
- $52KMedian
- $79K75th
- $127K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $74,760 | $6,230 | $35.94 |
| Median | $51,570 | $4,298 | $24.79 |
| Entry level (25th percentile) | $41,150 | $3,429 | $19.78 |
| Experienced (75th percentile) | $79,200 | $6,600 | $38.08 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Insurance Sales Agents pay in Memphis vs. Tennessee and the U.S.
Insurance sales agents in Memphis earn 5% more than the Tennessee average ($71,520) and 8% less than the U.S. average ($81,480). At the median the gap is -17% against the U.S. median of $62,280.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Memphis | $74,760 | $51,570 | $30,540 | $127,330 | 1,130 |
| Tennessee | $71,520 | $57,120 | $37,130 | $122,040 | 7,610 |
| United States | $81,480 | $62,280 | $37,330 | $138,140 | 479,100 |
State and U.S. rows: BLS statewide and national estimates, May 2025, which include rural areas.
Insurance Sales Agents salary after taxes in Memphis
On the average salary of $74,760, a single filer in Memphis takes home about $61,424 a year, or $5,119 a month and $2,362 every two weeks. Taxes take 18% of gross pay.
The Memphis, TN-MS-AR metro area crosses state lines, so take-home pay depends on the state where you work:
| State | Per year | Per month |
|---|---|---|
| Working in TN | $61,424 | $5,119 |
| Working in MS | $59,165 | $4,930 |
| Working in AR | $59,145 | $4,929 |
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and no state income tax.
Is Memphis a good place for insurance sales agents? Pay vs. cost of living
Prices in the Memphis area are 8% below the U.S. average (BEA price parity 92.2), so the average $74,760 buys what about $81,103 would buy in a typical U.S. metro. This job pays 1.1 times the median wage of all jobs in Memphis ($46,890). A typical home costs $247,229, or 3.3 years of this average salary before tax.
Insurance Sales Agents salary in other Tennessee cities
Memphis ranks 3rd of 9 Tennessee metro areas for this job; Jackson pays the most ($92,820).
- Jackson$92,820
- Knoxville$92,640
- Memphis$74,760
- Nashville$70,800
- Cleveland$67,490
- Clarksville$67,410
- Chattanooga$65,490
- Kingsport$61,000
- Johnson City$59,980
Highest-paying cities for insurance sales agents
Fond du Lac, WI pays this job the most of the metro areas we cover ($118,600).
- Fond du Lac, WI$118,600
- San Francisco, CA$114,110
- Minneapolis, MN$111,320
- New York, NY$107,190
- Boston, MA$105,000
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Insurance Sales Agents salary in Memphis: questions
How much do insurance sales agents make an hour in Memphis?
$35.94 an hour on average, and $24.79 at the median (BLS, May 2025).
What is the entry-level insurance sales agents salary in Memphis?
The lowest-paid 10% earn about $30,540 a year and the 25th percentile is $41,150, a fair guide to starting pay.
What is the insurance sales agents take-home pay in Memphis?
About $61,424 a year ($5,119 a month) for a single filer on the average salary of $74,760. Tennessee has no state income tax.
Do insurance sales agents earn more in Memphis than elsewhere?
The average here is 8% less than the U.S. average for this job ($81,480).
Sources and how to read this page
- Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 41-3021; area Memphis, TN-MS-AR (32820). Relative standard error of the mean wage: 11.8%.
- U.S. and statewide figures: BLS OEWS national and state estimates, May 2025, every employer including rural areas.
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
- Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
- Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and no state income tax.
- Job concentration: location quotient 0.60, this job is less common than in the U.S. overall (location quotient 0.60).
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