Insurance Agent Hourly Pay in Wheat Ridge, CO: $28.11 (2026)
Quick Answer:Hourly pay for a insurance agent working in Wheat Ridge, CO runs $28.11 at the median for 2026 — annualizing to $58,454 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Wheat Ridge's regional price level (BEA RPP 105.0, 5% above national), each hour of work buys what $26.77 nationally would. A 24-hour part-time schedule grosses $35,077 per year.
Based on BLS state-level estimates · View source
In Wheat Ridge, Colorado, insurance agents earn a median hourly rate of $28.11, which trails behind the national hourly median of $31.02. For those working part-time, such as on a three-day workweek basis, this rate translates to approximately $1,000 a week working 24 hours, suitable for complementing other income sources. Typically employed in various settings including captive agent storefronts, independent agency offices, and corporate brokerages, the hourly pay can vary significantly. Entry-level agents might start around $18.25, while top earners can reach as high as $43.56 per hour, showcasing a wide range influenced by experience and employment structure. This hourly rate is derived from projected annual salaries, reflecting broader industry trends in Wheat Ridge.
About the Wheat Ridge 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) | $18.25 | $146.03 |
| Lower Range (P25) | $21.92 | $175.37 |
| Median (P50) | $28.11 | $224.85 |
| Upper Range (P75) | $35.97 | $287.76 |
| Top Earners (P90) | $43.56 | $348.51 |
Estimated Annual Income by Work Schedule in Wheat Ridge
Based on $28.11/hr median hourly rate · 2026 est.
At $28.11/hr, a insurance agent working full-time (40 hr/wk) in Wheat Ridge, CO can expect to earn approximately $58,462 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $33,728. With a cost-of-living index of 105.00 (above the national average), these earnings may be offset by higher expenses in Wheat Ridge.
Hourly Rate Calculator
Schedule Comparison in Wheat Ridge
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,124.27 | $4,872 | $58,462 |
| Part-Time (24 hrs) | $674.56 | $2,923 | $35,077 |
| Per Diem (16 hrs) | $449.71 | $1,949 | $23,385 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Wheat Ridge) | $28.11 |
| 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 Wheat Ridge, CO earn a median of $58,454 per year (2026 est.), which is 9.40% lower than the national median of $64,522 and 3.80% below the Colorado state average of $60,763.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $28.11/hr = $35,077/year (purchasing power: $33,407).
Working 40h/week (full-time) = $58,462/year (purchasing power: $55,678).
CoL index: 105 (100 = national average).
2019 BLS Actual
$22.19/hr
2025 BLS Actual
$27.13/hr
2026 Current Est.
$28.11/hr
2019–2027 Growth
+31.2%
Hourly Rate Trajectory for Insurance Agents in Wheat Ridge (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $22.19/hr | Actual |
| 2020 | $22.73/hr | Actual |
| 2021 | $21.71/hr | Actual |
| 2022 | $25.20/hr | Actual |
| 2023 | $25.74/hr | Actual |
| 2024 | $33.03/hr | Actual |
| 2025 | $27.13/hr | Actual |
| 2026(current) | $28.11/hr | Estimated |
| 2027 | $29.12/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Wheat Ridge grew 22.3% from $22.19/hr (2019) to $27.13/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $29.12/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 Wheat Ridge 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 Wheat Ridge
Hourly compensation in this field varies, particularly when considering part-time work versus a full-time role. A part-time agent working 24 hours a week would earn about $52,190 annually, a substantial amount when compared to full-time earnings. While per diem work, or 1099 arrangements, is less prevalent among insurance agents, it does exist, especially in consulting roles where seasoned professionals with CPCU credentials can command rates between $200 and $400 per hour. Hourly rates fluctuate across different employment configurations in Wheat Ridge, with captive agents earning a lower rate but typically provided with benefits, unlike independent agents and large brokerages, who may offer higher pay without additional perks. For many agents, accepting lower hourly wages for benefits like health insurance is a necessary trade-off, especially as the industry shifts toward diverse compensation structures, including performance incentives. Negotiation on hourly rates can be beneficial, especially by emphasizing unique skills and certifications that add value to potential employers.
More salary data for Wheat Ridge, 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 Wheat Ridge. 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 Wheat Ridge 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