Insurance Agent Hourly Pay in Erie, CO: $28.89 (2026)
Quick Answer:Hourly pay for a insurance agent working in Erie, CO runs $28.89 at the median for 2026 — annualizing to $60,110 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Erie's regional price level (BEA RPP 105.0, 5% above national), each hour of work buys what $27.52 nationally would. A 24-hour part-time schedule grosses $36,060 per year.
Based on BLS state-level estimates · View source
In Erie, Colorado, the projected median hourly pay for an insurance agent in 2026 is $28.89, which falls short of the national median hourly rate of $31.02. This disparity highlights the nuances of local market conditions, which can significantly influence the income potential of insurance agents. For part-time professionals working three days a week, this hourly rate may translate to a stable income, albeit lower than some counterparts nationwide; agents in Erie may engage in various settings, from independent agency offices to remote policy quoting. For entry-level agents, hourly pay starts at approximately $17.61, while top earners can reach around $44.80, indicating a broad earning potential based on skills, experience, and the nature of the firm, whether it's a captive agent storefront or a commercial brokerage.
About the Erie Market
Salary estimated from Colorado average ($68,000) adjusted for local cost of living.
Insurance Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $17.61 | $140.90 |
| Lower Range (P25) | $21.77 | $174.13 |
| Median (P50) | $28.89 | $231.15 |
| Upper Range (P75) | $37.00 | $295.96 |
| Top Earners (P90) | $44.80 | $358.37 |
Estimated Annual Income by Work Schedule in Erie
Based on $28.89/hr median hourly rate · 2026 est.
At $28.89/hr, a insurance agent working full-time (40 hr/wk) in Erie, CO can expect to earn approximately $60,100 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $34,673. With a cost-of-living index of 105.00 (above the national average), these earnings may be offset by higher expenses in Erie.
Hourly Rate Calculator
Schedule Comparison in Erie
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,155.76 | $5,008 | $60,100 |
| Part-Time (24 hrs) | $693.46 | $3,005 | $36,060 |
| Per Diem (16 hrs) | $462.30 | $2,003 | $24,040 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Erie) | $28.89 |
| 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 Erie, CO earn a median of $60,110 per year (2026 est.), which is 6.84% lower than the national median of $64,522 and 1.10% below the Colorado state average of $60,778.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $28.89/hr = $36,060/year (purchasing power: $34,343).
Working 40h/week (full-time) = $60,100/year (purchasing power: $57,238).
CoL index: 105 (100 = national average).
2019 BLS Actual
$22.81/hr
2025 BLS Actual
$27.89/hr
2026 Current Est.
$28.89/hr
2019–2027 Growth
+31.2%
Hourly Rate Trajectory for Insurance Agents in Erie (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $22.81/hr | Actual |
| 2020 | $23.37/hr | Actual |
| 2021 | $22.32/hr | Actual |
| 2022 | $25.91/hr | Actual |
| 2023 | $26.46/hr | Actual |
| 2024 | $33.96/hr | Actual |
| 2025 | $27.89/hr | Actual |
| 2026(current) | $28.89/hr | Estimated |
| 2027 | $29.93/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Erie grew 22.3% from $22.81/hr (2019) to $27.89/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $29.93/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 Erie 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 Erie
Part-time insurance agents in Erie working 24 hours a week can find their take-home pay limited in comparison to their full-time counterparts, who see more substantial earnings. While this part-time role offers flexibility, most insurance positions are traditionally commission-based, meaning that per diem opportunities and 1099 arrangements are relatively rare in this sector. In contrast, specialized consultants in insurance can charge significantly more per hour, with former brokers billing anywhere from $200 to $400 for their expertise. Hourly rates also vary widely depending on the employer type; captive agents at companies like State Farm or Farmers generally receive lower rates compared to those working at large brokerage firms such as Aon or Marsh, which accommodate commercial clients. Some agents opt for lower hourly compensation in exchange for benefits like health insurance, which can sometimes outweigh the higher hourly rates offered without those perks. For those negotiating their position, it’s advisable to research local industry standards thoroughly and consider the complete compensation package, including benefits, not just the hourly rate alone.
More salary data for Erie, CO:
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 Erie. 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 Erie 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