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Oklahoma Earnings
Oklahoma Metropolitan Areas Wages
|
Region
|
Average
|
Entry Level
|
Experienced
|
|
Enid MSA
|
$56,350 or $27.09/hr
|
$31,090 or $14.95/hr
|
$78,740 or $37.86/hr
|
|
Fort Smith AR-OK MSA
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$60,740 or $29.20/hr
|
$28,400 or $13.65/hr
|
$94,140 or $45.26/hr
|
|
Lawton MSA
|
$55,790 or $26.82/hr
|
$27,080 or $13.02/hr
|
$96,560 or $46.42/hr
|
|
Oklahoma City MSA
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$66,250 or $31.85/hr
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$28,050 or $13.49/hr
|
$99,880 or $48.02/hr
|
|
Tulsa MSA
|
$72,400 or $34.81/hr
|
$37,050 or $17.81/hr
|
$130,000 or $62.50/hr
|
Oklahoma Geographical Areas Wages
|
Region
|
Average
|
Entry Level
|
Experienced
|
|
Northeast Oklahoma nonmetropolitan area
|
$45,080 or $21.67/hr
|
$28,880 or $13.88/hr
|
$61,260 or $29.45/hr
|
|
Northwest Oklahoma nonmetropolitan area
|
$47,630 or $22.90/hr
|
$31,400 or $15.10/hr
|
$78,490 or $37.74/hr
|
|
Southwest Oklahoma nonmetropolitan area
|
$37,500 or $18.03/hr
|
$23,910 or $11.50/hr
|
$62,090 or $29.85/hr
|
|
Southeast Oklahoma nonmetropolitan area
|
$78,460 or $37.72/hr
|
$22,920 or $11.02/hr
|
$239,200 or $115.00/hr
|
Oklahoma's Employment and Outlook (State-wide)
|
Outlook
|
Stable
Growth rate is estimated to be 8%
|
|
Job Openings
|
660 estimated annual job openings
|
|
Employment
|
7,328 were employed in this occupation
|
Regions with increasing outlook (over 20% growth rate expected)
|
Region
|
Employment
|
Projected Growth Rate
|
Annual Openings (growth)
|
Annual Openings (replacement)
|
Annual Openings
|
|
Northeast
|
320
|
22%
|
8
|
N/A
|
39
|
|
Southwest
|
230
|
22%
|
5
|
N/A
|
28
|
|
Lawton MSA
|
120
|
25%
|
3
|
N/A
|
16
|
Regions with stable outlook (0 to 20% growth rate expected)
|
Region
|
Employment
|
Projected Growth Rate
|
Annual Openings (growth)
|
Annual Openings (replacement)
|
Annual Openings
|
|
Northwest
|
340
|
9%
|
3
|
N/A
|
35
|
|
Southeast
|
410
|
15%
|
6
|
N/A
|
45
|
|
Tulsa MSA
|
1,420
|
9%
|
13
|
N/A
|
145
|
|
Oklahoma City MSA
|
2,250
|
10%
|
23
|
N/A
|
234
|
|
Enid
|
160
|
6%
|
2
|
N/A
|
16
|
National Earnings
Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.
Where do these numbers come from?
National Employment and Outlook
|
Outlook
|
increasing
|
|
|
The employment change from 2022 to 2032 is estimated to be +8%.
(The National average for all occupations is +3%)
|
|
Job Openings
|
very small number
|
|
|
A total of 4830 average annual openings are expected for this occupation between 2022 and 2032.
(The National Average for all occupations is 1,670 openings)
|
|
Employment
|
large occupation
|
|
|
This was a large occupation in the United States, employing 536,800 workers in 2022.
(The National average for all occupations is 147,916 workers)
|
|
Growth
|
Faster than average growth
|
|
|
Because the profitability of insurance companies depends on a steady stream of new customers, the demand for insurance sales agents is expected to continue. Employment growth will likely be strongest for independent sales agents as insurance companies rely more on brokerages and less on in-house agents as a way to control costs.
|
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Industries
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Large concentrations of this occupation are found in these industries
- Finance and insurance (NAICS520000) (84.9%)
- Insurance carriers and related activities (NAICS524000) (84.1%)
- Agencies, brokerages, and other insurance related activities (NAICS524200) (63.6%)
- Insurance agencies and brokerages (NAICS524210) (60.7%)
- Insurance carriers (NAICS524100) (20.5%)
- Self-employed workers (11.1%)
- Direct insurance (except life, health, and medical) carriers (NAICS524120) (8.9%)
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