Insurance Agent Salary in Wollongong
Finance
Insurance agents sell and service insurance policies, helping clients protect against financial risks.
Job Market Outlook
Knowledge work with significant AI applicability
Job supply roughly matches candidate availability
Moderate projected employment growth over 5 years
Sources: Microsoft Research 2025, Jobs and Skills Australia 2025 Occupation Shortage List
Insurance Agent Take-Home Pay Breakdown in Wollongong
Based on the average Insurance Agent salary of $61,600 in Wollongong, here's what you can expect to take home after tax, Medicare levy, and superannuation.
| Component | Without HECS | With HECS |
|---|---|---|
| Gross Salary | $61,600 | $61,600 |
| Income Tax | -$9,268 | -$9,268 |
| Medicare Levy (2%) | -$1,232 | -$1,232 |
| HELP/HECS Repayment | $0 | -$1,232 |
| Superannuation (11%) | +$6,776 | +$6,776 |
| Annual Take-Home | $51,100 | $49,868 |
| Monthly Take-Home | $4,258 | $4,156 |
| Fortnightly Take-Home | $1,965 | $1,918 |
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Insurance Agent Hourly Rate in Wollongong
Based on a standard 38-hour work week (Australian full-time hours):
Frequently Asked Questions
How much does a Insurance Agent earn in Wollongong?
The average Insurance Agent salary in Wollongong is $61,600 per year, or approximately $31 per hour. Salaries range from $39,600 to $105,600 depending on experience.
What is the take-home pay for a Insurance Agent in Wollongong?
A Insurance Agent earning $61,600 in Wollongong takes home approximately $51,100 per year after tax, or $4,258 per month. With a HECS debt, take-home drops to $49,868 per year.
How much do Insurance Agents make per hour in Wollongong?
Insurance Agents in Wollongong earn approximately $31 per hour on average, based on a 38-hour work week. Entry-level rates start around $20/hour, while senior professionals can earn up to $53/hour.
Is Wollongong a good place to work as a Insurance Agent?
Wollongong offers Insurance Agent salaries below average in Australia at $61,600. The city has a cost of living index of 82 (Sydney = 100), meaning living costs are lower than Sydney.
About Insurance Agent Salaries in Wollongong
The average Insurance Agent in Wollongong, New South Wales earns $61,600 per year, or approximately $31 per hour. Salaries typically range from $39,600 for entry-level positions to $105,600 for senior roles with extensive experience.
After income tax, Medicare levy, and other deductions, a Insurance Agent earning the average salary in Wollongong can expect to take home approximately $51,100 per year, or $4,258 per month.
Wollongong is home to approximately 310,000 people and has a cost of living index of 82 (where Sydney = 100). This means living costs in Wollongong are lower Sydney.
Key Factors Affecting Insurance Agent Salaries
- Experience Level: Entry-level positions start around $39,600, while senior roles can reach $105,600.
- Industry: Different industries offer varying compensation for Insurance Agent roles.
- Company Size: Larger companies typically offer higher salaries and more benefits.
- Location: Wollongong's cost of living influences salary expectations.
- Hourly Rate: Based on a 38-hour week, Insurance Agents earn $$20-$53 per hour.
Salary data is based on industry reports, job postings, and government statistics. Individual salaries may vary based on experience, qualifications, and employer. Tax calculations are estimates for the 2024-25 financial year.