BLS metro-level wage data places Insurance Sales Agents pay in Memphis, TN-MS-AR at a median of $51,570 per year ($24.79/hr/hour), drawn from the OEWS May 2025 release for this Metropolitan Statistical Area. Compared to the national median of $62,280, Memphis pays 17% below, which typically tracks with a lower local cost of living or smaller specialized-employer cluster. Approximately 1,130 insurance sales agentss are employed across the Memphis MSA in SOC 41-3021.

The Memphis pay distribution spans from $30,540 at the 10th percentile to $127,330 at the 90th — a 4.2× spread that reflects experience tenure, specialization, employer size, and the difference between public-sector, nonprofit, and private-sector compensation inside the metro. The 25th percentile sits at $41,150 and the 75th at $79,200, so half of Memphis-based insurance sales agentss earn within that middle band.

Metro figures capture where you actually work, not just where you live — which matters for commuters. BLS draws metro boundaries from the OMB MSA definitions, so Memphis, TN-MS-AR covers the central city plus outlying counties tied to the metro economically. Remember that OEWS wages reflect base pay only: employer-provided health insurance, retirement matches, stock options, signing bonuses, overtime, and tips are excluded and can add 20-40% to real total compensation. Before using this metro median as a negotiation anchor, triangulate against the same occupation's national profile (linked below), its state-wide TN data, and peer-metro comparisons — a median is a starting point, not a ceiling.