Insurance Agent Hourly Pay in Madison, AL: $30.60 (2026)
Quick Answer:Hourly pay for a insurance agent working in Madison, AL runs $30.60 at the median for 2026 — annualizing to $63,646 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Madison's regional price level (BEA RPP 87.9, 12% below national), each hour of work buys what $34.82 nationally would. A 24-hour part-time schedule grosses $38,193 per year.
Based on BLS state-level estimates · View source
In Madison, Alabama, the insurance agent hourly pay in 2026 is projected to be $30.60, which slightly trails behind the national hourly median of $31.02. This competitive rate reflects the market environment for insurance agents across different work settings, whether they operate from a captive agent storefront, an independent agency office, or through remote policy quoting. For part-time agents working three days a week, this translates to approximately $2,207 a month. The hourly pay range in Madison illustrates the profession's flexibility; entry-level positions start at around $18.94 per hour, while top earners can command up to $47.43. This flexibility allows agents to take advantage of per-diem work opportunities, although such arrangements are less common in an industry typically centered on a commission-based pay model.
About the Madison 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) | $18.94 | $151.50 |
| Lower Range (P25) | $23.25 | $185.98 |
| Median (P50) | $30.60 | $244.83 |
| Upper Range (P75) | $39.17 | $313.37 |
| Top Earners (P90) | $47.43 | $379.42 |
Estimated Annual Income by Work Schedule in Madison
Based on $30.60/hr median hourly rate · 2026 est.
At $30.60/hr, a insurance agent working full-time (40 hr/wk) in Madison, AL can expect to earn approximately $63,655 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $36,724. With a cost-of-living index of 87.90 (below the national average), these earnings stretch further in Madison.
Hourly Rate Calculator
Schedule Comparison in Madison
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,224.14 | $5,305 | $63,655 |
| Part-Time (24 hrs) | $734.48 | $3,183 | $38,193 |
| Per Diem (16 hrs) | $489.66 | $2,122 | $25,462 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Madison) | $30.60 |
| 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 Madison, AL earn a median of $63,646 per year (2026 est.), which is 1.36% lower than the national median of $64,522 and 2.50% below the Alabama state average of $65,278.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $30.60/hr = $38,193/year (purchasing power: $43,451).
Working 40h/week (full-time) = $63,655/year (purchasing power: $72,418).
CoL index: 87.9 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$24.16/hr
2025 BLS Actual
$29.54/hr
2026 Current Est.
$30.60/hr
2019–2027 Growth
+31.2%
Hourly Rate Trajectory for Insurance Agents in Madison (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $24.16/hr | Actual |
| 2020 | $24.75/hr | Actual |
| 2021 | $23.64/hr | Actual |
| 2022 | $27.44/hr | Actual |
| 2023 | $28.02/hr | Actual |
| 2024 | $21.43/hr | Actual |
| 2025 | $29.54/hr | Actual |
| 2026(current) | $30.60/hr | Estimated |
| 2027 | $31.71/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Madison grew 22.3% from $24.16/hr (2019) to $29.54/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $31.71/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 Madison 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 Madison
Earning potential for part-time insurance agents can vary significantly. Those working 24 hours a week may take home around $26,485 annually, which represents a different financial landscape compared to full-time agents. While per-diem insurance agent pay in Madison might seem appealing for its flexibility, most positions hinge on commission earnings, limiting consistent take-home pay. Different employer types also influence compensation rates; for instance, captive agents for companies like State Farm or Allstate often earn lower hourly rates in exchange for more comprehensive employee benefits, such as health insurance. Conversely, independent brokers or large commercial entities may offer higher hourly rates but typically forgo benefits. Practical negotiation tips for hourly workers in Madison include emphasizing former experience in commission-driven roles and remaining informed about current industry standards, including regional price disparities that can affect pay scales.
More salary data for Madison, AL:
Frequently Asked Questions
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Related Pages
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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 Madison. 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 Madison 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