Agencies, Brokerages, and Other Insurance Related Activities in Illinois

Agencies, Brokerages, and Other Insurance Related Activities (NAICS 5242) in Illinois reports 99,557 workers across 6,252 establishments, with $6.6B of aggregate annual payroll flowing through Census CBP 2023 filings. That represents 7.6% of national employment for this industry, a concentration ratio that tells you whether Illinois is a primary labor market for this NAICS code or a smaller satellite. A share above 5% signals a meaningful regional cluster; below 1% usually means the state is not a structural fit for this industry at scale.

Wage benchmarking is where state-level data earns its keep. The average annual compensation for Agencies, Brokerages, and Other Insurance Related Activities employees in Illinois is $66,764/yr, versus a national average of $87,892/yr. Illinois pays below the national average for this industry, common in lower cost-of-living states or where the industry has a smaller, less specialized local workforce.

Profitability data is only available at the national level because the IRS Statistics of Income program does not publish state-level margin breakdowns. The national net profit margin for Agencies, Brokerages, and Other Insurance Related Activities is 21.1%, and while margins do vary by state, the direction of variance usually follows labor cost and establishment size, both shown above. For a complete picture, pair this state-industry view with the Agencies, Brokerages, and Other Insurance Related Activities national page (entity structure, SBA lending, sub-industries) and the Illinois overview (top employers, payroll dispersion across industries).