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This question is about agent salaries.
Do agents make a lot of money?
No, agents typically do not make a lot of money. The average annual salary for agents is $35,013 a year. That is roughly $16.83 an hour. Entry-level pay for agents is $20,000 a year, on average, which equates to $10.00 an hour.
There are many different types of agents, and salaries for someone holding the title vary greatly. Depending on the type of agent, they may receive largely commission-based pay.
Though agent pay averages never meet national standards for cost-of-living or well-being satiation, they do vary greatly. The most significant predictors of agent pay are location, industry, race and gender.
Perhaps the strongest predictor of agent pay is Location. Agents in Idaho and Utah yield average annual salaries of just over $27,000. Agents in the highest-paying state of Alabama make $51,318 a year, on average. That is well over a $20,000 a year difference simply based on location.
The highest paying industries for agents are insurance and professional, though these averages do not far exceed the national average for all industries of $35,013.
Two additional predictors of agent pay are race and gender. Black or African American agents earn 86 cents for every dollar earned by White agents. That is a roughly $10,000 a year difference for average earners. The trend is similar for women versus men agents, with women earning 87 cents for every dollar earned by men.
The agent pay gap for race and gender may be linked to artist pay differences since this role is often largely commission-based.
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