Insurance Agencies and Brokerages in Missouri

Insurance Agencies and Brokerages (NAICS 524210) in Missouri reports 19,059 workers across 3,330 establishments, with $1.6B of aggregate annual payroll flowing through Census CBP 2023 filings. That represents 2.3% of national employment for this industry, a concentration ratio that tells you whether Missouri 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. Missouri accounts for 2.5% of the national Insurance Agencies and Brokerages establishment count (3,330 of 133,728), according to Census County Business Patterns.

Wage benchmarking is where state-level data earns its keep. The average annual compensation for Insurance Agencies and Brokerages employees in Missouri is $83,298/yr, versus a national average of $90,831/yr. Missouri 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 Insurance Agencies and Brokerages is not reported, 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 Insurance Agencies and Brokerages national page (entity structure, SBA lending, sub-industries) and the Missouri overview (top employers, payroll dispersion across industries).