Insurance Agent Hourly Pay in Oswego, IL: $28.27 (2026)
Quick Answer:Hourly pay for a insurance agent working in Oswego, IL runs $28.27 at the median for 2026 — annualizing to $58,801 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Oswego's regional price level (BEA RPP 97.1, 3% below national), each hour of work buys what $29.12 nationally would. A 24-hour part-time schedule grosses $35,284 per year.
Based on BLS state-level estimates · View source
In Oswego, Illinois, the projected median hourly pay for insurance agents in 2026 is $28.27, which falls short of the national hourly median of $31.02. This difference highlights the unique economic landscape of the region. For those seeking part-time opportunities in this profession, working three days a week (approximately 24 hours) translates to a take-home pay that allows for a comfortable, if not lavish, lifestyle, particularly when working in various settings such as independent agency offices, corporate floors, or even remote environments. The hourly range is quite wide, starting from about $18.29 for entry-level positions to $43.82 for top earners, showcasing the potential for career advancement and specialization in this field.
About the Oswego 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) | $18.29 | $146.28 |
| Lower Range (P25) | $22.08 | $176.62 |
| Median (P50) | $28.27 | $226.18 |
| Upper Range (P75) | $36.19 | $289.50 |
| Top Earners (P90) | $43.82 | $350.58 |
Estimated Annual Income by Work Schedule in Oswego
Based on $28.27/hr median hourly rate · 2026 est.
At $28.27/hr, a insurance agent working full-time (40 hr/wk) in Oswego, IL can expect to earn approximately $58,807 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $33,927. With a cost-of-living index of 97.10 (below the national average), these earnings stretch further in Oswego.
Hourly Rate Calculator
Schedule Comparison in Oswego
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,130.90 | $4,901 | $58,807 |
| Part-Time (24 hrs) | $678.54 | $2,940 | $35,284 |
| Per Diem (16 hrs) | $452.36 | $1,960 | $23,523 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Oswego) | $28.27 |
| 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 Oswego, IL earn a median of $58,801 per year (2026 est.), which is 8.87% lower than the national median of $64,522 and 3.70% below the Illinois state average of $61,061.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $28.27/hr = $35,284/year (purchasing power: $36,338).
Working 40h/week (full-time) = $58,807/year (purchasing power: $60,563).
CoL index: 97.1 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$22.32/hr
2025 BLS Actual
$27.29/hr
2026 Current Est.
$28.27/hr
2019–2027 Growth
+31.2%
Hourly Rate Trajectory for Insurance Agents in Oswego (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $22.32/hr | Actual |
| 2020 | $22.86/hr | Actual |
| 2021 | $21.84/hr | Actual |
| 2022 | $25.35/hr | Actual |
| 2023 | $25.89/hr | Actual |
| 2024 | $30.57/hr | Actual |
| 2025 | $27.29/hr | Actual |
| 2026(current) | $28.27/hr | Estimated |
| 2027 | $29.29/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Oswego grew 22.3% from $22.32/hr (2019) to $27.29/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $29.29/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 Oswego 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 Oswego
Considering the part-time earning potential, a 24-hour work week results in an approximate annual income that can significantly differ from that of a full-time agent, creating an interesting dynamic for those balancing other commitments. While the per diem insurance agent pay in Oswego might be less common, many agents find themselves working on a commission basis, which can yield higher earnings in specialty areas, particularly in commercial lines. The employer type also influences hourly rates; for instance, captive agents tied to larger insurers may earn less on average compared to those at independent agencies or large commercial brokerages. Agents may choose lower hourly rates for the benefits they offer over the higher pay of commission-only structures. When negotiating hourly pay, aspiring agents should consider their expertise, state licensing, and any relevant credentials, such as CPCU or CIC, which can provide leverage in discussions with employers, especially in a market where the captive versus independent landscape continues to evolve.
More salary data for Oswego, 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 Oswego. 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 Oswego 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