These Are The 10 Highest Insurance Agent Salaries By State

Chris Kolmar
by Chris Kolmar
Best States For Professions, Rankings - 10 months ago
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Without fail, in surveys across basically every demographic, the number one most important aspect of a job for most people is the salary — how much do insurance agents get paid where I live?

And while there are many things to go into how much you, specifically, can expect to make, there’s really good data for average salaries for insurance agents by state across America broken down by seniority level. So while your city may be slightly different than the state average, these averages give you a rough sense of what to expect for your salary.

To better understand how salaries change across America, we decided to take a look the most recent data from the Bureau of Labor Statistics on average pay for insurance agents by state.

Additionally, we wanted to adjust the salary based on the cost of living in a state — because your salary goes further in North Carolina than it does in California.

The state with the best salary for insurance agents after this adjustment? That would be Insurance Sales Agents.

Here’s a quick snapshot of the top ten states for salaries:

  1. Minnesota
  2. Alabama
  3. Pennsylvania
  4. Wisconsin
  5. Kansas
  6. Georgia
  7. Florida
  8. Michigan
  9. New York
  10. Missouri

Let’s take a look at how we got here and a full ranking of all the states.

If you’re interested, you can read more about the job scene here:

How we determined pay by state

As we mentioned earlier, we took the average annual salary data for insurance agents from the 2016 Bureau of Labor Statistics — specifically their ‘Occupational Employment Statistics.’

To make the comparison of salaries apples to apples across states, we also took into account the cost of living in each state.

We then created an index by dividing the average wage for a state by the cost of living relative to average. As an example, the cost of living index in California is 135.9 and the average pay is $78670, so our index value would be:

$78,670 * (100 / 135.9) = $57,888

We then ranked every state on this criteria with the state with the highest salary index ranking as highest average salary for insurance agents.

Here’s a look at the full ranking for all states.

For more reading, check out:

Detailed List Of Insurance Agent Salaries By State

Rank State Adjusted Salary Average Wage Cost Of Living
1 Minnesota $86,041 $86,730 100.8
2 Alabama $85,098 $77,610 91.2
3 Pennsylvania $81,429 $82,570 101.4
4 Wisconsin $76,280 $73,840 96.8
5 Kansas $76,095 $68,410 89.9
6 Georgia $74,157 $67,780 91.4
7 Florida $71,403 $70,190 98.3
8 Michigan $71,191 $63,360 89.0
9 New York $70,145 $91,890 131.0
10 Missouri $70,000 $63,280 90.4
11 Illinois $69,471 $65,720 94.6
12 Ohio $68,486 $64,240 93.8
13 North Carolina $68,477 $64,300 93.9
14 Virginia $67,956 $68,500 100.8
15 Utah $67,268 $62,560 93.0
16 Indiana $65,821 $58,910 89.5
17 South Dakota $65,756 $68,190 103.7
18 Idaho $65,743 $60,550 92.1
19 Mississippi $65,518 $56,280 85.9
20 New Jersey $64,159 $78,210 121.9
21 Texas $64,112 $58,150 90.7
22 Arkansas $63,834 $55,600 87.1
23 Tennessee $62,315 $55,710 89.4
24 Delaware $62,268 $63,140 101.4
25 Nevada $61,093 $63,110 103.3
26 Nebraska $61,004 $55,880 91.6
27 Oklahoma $60,874 $54,300 89.2
28 Colorado $60,404 $62,700 103.8
29 North Dakota $60,080 $59,720 99.4
30 Iowa $59,395 $54,050 91.0
31 Massachusetts $58,410 $77,920 133.4
32 Kentucky $58,132 $52,610 90.5
33 Washington $58,003 $61,020 105.2
34 Connecticut $57,909 $73,950 127.7
35 California $57,888 $78,670 135.9
36 Wyoming $56,971 $52,300 91.8
37 Montana $56,458 $56,910 100.8
38 Oregon $54,913 $63,480 115.6
39 New Hampshire $54,641 $63,930 117.0
40 Louisiana $53,829 $51,030 94.8
41 Rhode Island $53,438 $64,500 120.7
42 Maryland $52,557 $65,960 125.5
43 Vermont $52,469 $63,540 121.1
44 New Mexico $52,259 $50,430 96.5
45 West Virginia $51,948 $48,520 93.4
46 South Carolina $50,362 $49,960 99.2
47 Arizona $49,142 $48,160 98.0
48 Maine $48,483 $53,720 110.8
49 Alaska $46,064 $60,390 131.1
50 Hawaii $43,859 $73,640 167.9