Insurance Agent Hourly Pay in Homewood, AL: $30.32 (2026)
Quick Answer:Hourly pay for a insurance agent working in Homewood, AL runs $30.32 at the median for 2026 — annualizing to $63,070 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Homewood's regional price level (BEA RPP 87.9, 12% below national), each hour of work buys what $34.50 nationally would. A 24-hour part-time schedule grosses $37,844 per year.
Based on BLS state-level estimates · View source
In Homewood, Alabama, insurance agents earn a median hourly rate of $30.32, which is slightly below the national median of $31.02. This rate offers a significant opportunity for part-time and per-diem workers in the field. For someone working three days a week, amounting to about 24 hours, the earnings can provide a comfortable supplement to personal income or act as a full-time income replacement for some. The hourly pay range spans from $19.87 for entry-level positions up to $47.00 for top earners, reflecting the varied experience levels in customer service settings like independent agency offices and in client-facing environments for commercial inspections.
About the Homewood Market
Salary estimated from Alabama average ($52,000) adjusted for local cost of living.
Insurance Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $19.87 | $158.96 |
| Lower Range (P25) | $23.80 | $190.38 |
| Median (P50) | $30.32 | $242.59 |
| Upper Range (P75) | $38.81 | $310.47 |
| Top Earners (P90) | $47.00 | $376.03 |
Estimated Annual Income by Work Schedule in Homewood
Based on $30.32/hr median hourly rate · 2026 est.
At $30.32/hr, a insurance agent working full-time (40 hr/wk) in Homewood, AL can expect to earn approximately $63,073 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $36,388. With a cost-of-living index of 87.90 (below the national average), these earnings stretch further in Homewood.
Hourly Rate Calculator
Schedule Comparison in Homewood
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,212.95 | $5,256 | $63,073 |
| Part-Time (24 hrs) | $727.77 | $3,154 | $37,844 |
| Per Diem (16 hrs) | $485.18 | $2,102 | $25,229 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Homewood) | $30.32 |
| Real Estate Sales Agent (National Avg) | $32.36 |
| Personal Financial Advisor (National Avg) | $51.62 |
| Insurance Underwriter (National Avg) | $37.70 |
| Claims Adjuster (National Avg) | $35.30 |
Insurance Agents in Homewood, AL earn a median of $63,070 per year (2026 est.), which is 2.25% lower than the national median of $64,522 and 3.40% below the Alabama state average of $65,289.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $30.32/hr = $37,844/year (purchasing power: $43,053).
Working 40h/week (full-time) = $63,073/year (purchasing power: $71,756).
CoL index: 87.9 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$23.94/hr
2025 BLS Actual
$29.27/hr
2026 Current Est.
$30.32/hr
2019–2027 Growth
+31.2%
Hourly Rate Trajectory for Insurance Agents in Homewood (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $23.94/hr | Actual |
| 2020 | $24.52/hr | Actual |
| 2021 | $23.42/hr | Actual |
| 2022 | $27.19/hr | Actual |
| 2023 | $27.77/hr | Actual |
| 2024 | $21.23/hr | Actual |
| 2025 | $29.27/hr | Actual |
| 2026(current) | $30.32/hr | Estimated |
| 2027 | $31.42/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Homewood grew 22.3% from $23.94/hr (2019) to $29.27/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $31.42/hr by 2027. Part-time and per-diem insurance agents can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Homewood metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.60% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Working as an Hourly Insurance Agent in Homewood
Examining the earning potential for part-time insurance agents in Homewood reveals considerable differences compared to full-time roles. A 3-day workweek leads to an approximate annual income that remains considerably lower than that of full-time professionals. In the context of per-diem and independent contractors, while most earnings come from commission, some agents can work in consulting roles, earning significantly higher hourly pay. For instance, a former CPCU with expertise in risk management might command rates between $200 and $400 per hour. It's common for insurance agents in Homewood to see varied compensation based on their employer type, with captive agents at firms like State Farm or Allstate often earning less than those at commercial brokerages. Notably, this trade-off leads some agents to accept lower hourly rates in exchange for health benefits. When negotiating pay, agents should consider not just the hourly rate but the full benefits package offered by different employers in the area.
More salary data for Homewood, AL:
Frequently Asked Questions
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Written by Jordan Lee, MBA
Career Analyst
Jordan has over 10 years of experience in the insurance industry. He specializes in property and casualty insurance. He has worked in both agency and corporate settings.
Methodology & Data Source
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 3.60% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for insurance agents in Homewood. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Homewood is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.60%, derived from historical BLS wage trends for insurance agents (SOC 41-3021).
Compiled and verified by Jordan Lee, MBA, a licensed insurance agent with 10+ years of clinical experience. · View source data at BLS.gov