Insurance Agent Hourly Pay in Peoria, IL: $23.50 (2026)
Quick Answer:Hourly pay for a insurance agent working in Peoria, IL runs $23.50 at the median for 2026 — annualizing to $48,878 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Peoria's regional price level (BEA RPP 91.2, 9% below national), each hour of work buys what $25.75 nationally would. A 24-hour part-time schedule grosses $29,324 per year.
Official BLS data · View source
In Peoria, Illinois, insurance agents earn a median hourly rate of $23.50, which is notably lower than the national hourly median of $31.02. This discrepancy influences the working landscape for part-time and per-diem professionals within the industry. For agents working three days a week, often for 24 hours total, income can be limited compared to their full-time counterparts. The hourly range for these professionals varies significantly; entry-level agents may earn approximately $15.54 per hour, while top earners in the field can command up to $38.30. These figures reflect the official Bureau of Labor Statistics (BLS) data and highlight the local dynamics of insurance agent hourly pay in Peoria as they navigate environments ranging from captive agent storefronts to independent brokerage offices and remote quoting setups.
Insurance Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $15.54 | $124.32 |
| Lower Range (P25) | $21.14 | $169.16 |
| Median (P50) | $23.50 | $187.97 |
| Upper Range (P75) | $32.12 | $256.93 |
| Top Earners (P90) | $38.30 | $306.41 |
Estimated Annual Income by Work Schedule in Peoria
Based on $23.50/hr median hourly rate · 2026 est.
At $23.50/hr, a insurance agent working full-time (40 hr/wk) in Peoria, IL can expect to earn approximately $48,873 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $28,196. With a cost-of-living index of 91.23 (below the national average), these earnings stretch further in Peoria.
Hourly Rate Calculator
Schedule Comparison in Peoria
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $939.86 | $4,073 | $48,873 |
| Part-Time (24 hrs) | $563.92 | $2,444 | $29,324 |
| Per Diem (16 hrs) | $375.94 | $1,629 | $19,549 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Peoria) | $23.50 |
| 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 Peoria, IL earn a median of $48,878 per year (2026 est.), which is 24.25% lower than the national median of $64,522 and 19.90% below the Illinois state average of $61,022.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $23.50/hr = $29,324/year (purchasing power: $32,142).
Working 40h/week (full-time) = $48,873/year (purchasing power: $53,570).
CoL index: 91.231 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$22.15/hr
2025 BLS Actual
$22.68/hr
2026 Current Est.
$23.50/hr
2019–2027 Growth
+9.9%
Hourly Rate Trajectory for Insurance Agents in Peoria (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $22.15/hr | Actual |
| 2020 | $21.03/hr | Actual |
| 2021 | $23.36/hr | Actual |
| 2022 | $21.87/hr | Actual |
| 2023 | $19.23/hr | Actual |
| 2024 | $19.91/hr | Actual |
| 2025 | $22.68/hr | Actual |
| 2026(current) | $23.50/hr | Estimated |
| 2027 | $24.34/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Peoria grew 2.4% from $22.15/hr (2019) to $22.68/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $24.34/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 Peoria 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 Peoria
When examining the earning potential for part-time insurance agents working 24 hours a week in Peoria, the annual take-home can be considerably lower than that of full-time agents. Given the median hourly rate, a three-day work week translates to an annual income of about $29,184, which falls short when compared to full-time wages. Although per-diem work is less common in this field, many agents operate on commission, with compensation varying based on client interactions and policy sales. Large brokerage firms and independent agencies present different earning potentials; those in commercial lines often see higher compensation than those primarily focused on personal lines. Moreover, agents might accept reduced hourly rates in exchange for benefits like health insurance, which may not be available in commission-based roles. For those aiming to negotiate better hourly pay in Peoria, understanding local trends and employer types—ranging from captive carriers to independent agencies—can be advantageous in achieving favorable compensation arrangements, especially amidst evolving market conditions.
More salary data for Peoria, 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 Peoria. 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