Insurance Agent Hourly Pay in Champaign, IL: $26.43 (2026)
Quick Answer:Hourly pay for a insurance agent working in Champaign, IL runs $26.43 at the median for 2026 — annualizing to $54,960 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Champaign's regional price level (BEA RPP 92.7, 7% below national), each hour of work buys what $28.51 nationally would. A 24-hour part-time schedule grosses $32,983 per year.
Official BLS data · View source
In Champaign, Illinois, the projected median hourly pay for insurance agents is $26.43, notably lower than the national median of $31.02 per hour. This hourly rate translates well for part-time workers, such as those working three days a week, allowing them to effectively balance work and personal life. Per-diem roles are less common in the insurance industry, as compensation typically revolves around commission structures. In Champaign, the hourly rate for entry-level agents starts around $19.17, with more experienced agents earning up to $66.69. These figures provide a clear picture of the earning potential in various working environments, whether one is in a captive agent storefront, an independent agency office, or conducting client visits for policy consultations or inspections. This data comes from the Bureau of Labor Statistics, based on 2025 BLS OEWS figures projected to 2026.
Insurance Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $19.17 | $153.33 |
| Lower Range (P25) | $21.90 | $175.21 |
| Median (P50) | $26.43 | $211.43 |
| Upper Range (P75) | $35.19 | $281.54 |
| Top Earners (P90) | $66.69 | $533.50 |
Estimated Annual Income by Work Schedule in Champaign
Based on $26.43/hr median hourly rate · 2026 est.
At $26.43/hr, a insurance agent working full-time (40 hr/wk) in Champaign, IL can expect to earn approximately $54,971 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $31,714. With a cost-of-living index of 92.70 (below the national average), these earnings stretch further in Champaign.
Hourly Rate Calculator
Schedule Comparison in Champaign
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,057.13 | $4,581 | $54,971 |
| Part-Time (24 hrs) | $634.28 | $2,749 | $32,983 |
| Per Diem (16 hrs) | $422.85 | $1,832 | $21,988 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Champaign) | $26.43 |
| 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 Champaign, IL earn a median of $54,960 per year (2026 est.), which is 14.82% lower than the national median of $64,522 and 10.00% below the Illinois state average of $61,066.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $26.43/hr = $32,983/year (purchasing power: $35,578).
Working 40h/week (full-time) = $54,971/year (purchasing power: $59,297).
CoL index: 92.704 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$22.82/hr
2025 BLS Actual
$25.51/hr
2026 Current Est.
$26.43/hr
2019–2027 Growth
+20.0%
Hourly Rate Trajectory for Insurance Agents in Champaign (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $22.82/hr | Actual |
| 2020 | $21.07/hr | Actual |
| 2021 | $18.39/hr | Actual |
| 2022 | $24.74/hr | Actual |
| 2023 | $30.17/hr | Actual |
| 2024 | $23.87/hr | Actual |
| 2025 | $25.51/hr | Actual |
| 2026(current) | $26.43/hr | Estimated |
| 2027 | $27.38/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Champaign grew 11.8% from $22.82/hr (2019) to $25.51/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $27.38/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 Champaign 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 Champaign
Part-time insurance agents working a 24-hour week could expect to earn around $33,067 annually, which comfortably suits those seeking supplemental income. The majority of insurance pay is commission-based, making the per diem or 1099 employment structure less prevalent, unlike other fields. Compensation can vary dramatically across employers: captive agents at carriers like State Farm may find themselves with a steady client base, but they may sacrifice higher earnings potential offered by independent brokerages or large commercial firms like Aon or Marsh. Some agents may accept a lower hourly rate for the benefits provided by certain employers, such as health insurance, which can be a significant consideration. For those entering the field, negotiating compensation centered on the job’s associated responsibilities and potential commissions becomes vital, especially in the competitive landscape of Champaign's insurance market. Understanding the nuances of employer types, from independent brokers to direct platforms, can empower agents to make informed career choices while navigating their career paths.
More salary data for Champaign, IL:
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 Champaign. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Source: BLS, OEWS, 7-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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