Insurance Agent Hourly Pay in Lake in the Hills, IL: $28.71 (2026)
Quick Answer:Hourly pay for a insurance agent working in Lake in the Hills, IL runs $28.71 at the median for 2026 — annualizing to $59,715 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Lake in the Hills's regional price level (BEA RPP 97.1, 3% below national), each hour of work buys what $29.56 nationally would. A 24-hour part-time schedule grosses $35,827 per year.
Based on BLS state-level estimates · View source
In Lake in the Hills, the insurance agent hourly pay stands at a median of $28.71, which is approximately 7.45% lower than the national hourly median of $31.02. This hourly rate is particularly significant for part-time employees who may work three days a week and those engaged in per-diem roles where flexible and varied work settings are common. Insurance agents typically operate from diverse environments such as captive agent storefronts, independent agency offices, and commercial brokerage floors, with additional opportunities for remote work focusing on virtual policy quoting. The hourly pay range for roles in Lake in the Hills varies considerably, with entry-level positions paying around $17.02 and top performers earning as much as $44.50, showcasing the potential for significant income growth throughout one’s career.
About the Lake in the Hills Market
Salary estimated from Illinois average ($68,000) adjusted for local cost of living.
Insurance Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $17.02 | $136.17 |
| Lower Range (P25) | $21.22 | $169.74 |
| Median (P50) | $28.71 | $229.66 |
| Upper Range (P75) | $36.75 | $293.98 |
| Top Earners (P90) | $44.50 | $355.97 |
Estimated Annual Income by Work Schedule in Lake in the Hills
Based on $28.71/hr median hourly rate · 2026 est.
At $28.71/hr, a insurance agent working full-time (40 hr/wk) in Lake in the Hills, IL can expect to earn approximately $59,712 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $34,449. With a cost-of-living index of 97.10 (below the national average), these earnings stretch further in Lake in the Hills.
Hourly Rate Calculator
Schedule Comparison in Lake in the Hills
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,148.30 | $4,976 | $59,712 |
| Part-Time (24 hrs) | $688.98 | $2,986 | $35,827 |
| Per Diem (16 hrs) | $459.32 | $1,990 | $23,885 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Lake in the Hills) | $28.71 |
| 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 Lake in the Hills, IL earn a median of $59,715 per year (2026 est.), which is 7.45% lower than the national median of $64,522 and 2.20% below the Illinois state average of $61,058.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $28.71/hr = $35,827/year (purchasing power: $36,897).
Working 40h/week (full-time) = $59,712/year (purchasing power: $61,495).
CoL index: 97.1 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$22.66/hr
2025 BLS Actual
$27.71/hr
2026 Current Est.
$28.71/hr
2019–2027 Growth
+31.2%
Hourly Rate Trajectory for Insurance Agents in Lake in the Hills (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $22.66/hr | Actual |
| 2020 | $23.22/hr | Actual |
| 2021 | $22.18/hr | Actual |
| 2022 | $25.74/hr | Actual |
| 2023 | $26.29/hr | Actual |
| 2024 | $31.05/hr | Actual |
| 2025 | $27.71/hr | Actual |
| 2026(current) | $28.71/hr | Estimated |
| 2027 | $29.74/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Lake in the Hills grew 22.3% from $22.66/hr (2019) to $27.71/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $29.74/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 Lake in the Hills 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 Lake in the Hills
Considering part-time work, a typical three-day workweek translates to about 24 hours, yielding an annual take-home income of approximately $33,772, versus nearly $59,715 for full-time agents. While per-diem structures and 1099 arrangements in the insurance sector are less common due to commission-based compensation models, there are still lucrative opportunities for specialized roles, such as consulting risk managers and expert witnesses, who can command rates between $200 and $600 per hour. Hourly compensation in Lake in the Hills can fluctuate significantly based on the employer type; captive agents may earn lower hourly rates in exchange for employment benefits that independent and large brokerage firms may not offer. As insurance agents negotiate salaries, understanding the benefits trade-off is vital, as some may prefer the security of health insurance despite a reduced hourly rate. For success in negotiations, agents should focus on showcasing their specific qualifications and market insights, which can help bridge the pay gap present in various agency types.
More salary data for Lake in the Hills, 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 Lake in the Hills. 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 Lake in the Hills 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