Insurance Agent Hourly Pay in Davenport, IA: $28.74 (2026)
Quick Answer:Hourly pay for a insurance agent working in Davenport, IA runs $28.74 at the median for 2026 — annualizing to $59,777 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Davenport's regional price level (BEA RPP 89.1, 11% below national), each hour of work buys what $32.26 nationally would. A 24-hour part-time schedule grosses $35,866 per year.
Official BLS data · View source
In Davenport, Iowa, insurance agents earn a median hourly rate of $28.74, which falls below the national median of $31.02. This discrepancy suggests that the area may present challenges for agents working part-time or on a per diem basis, particularly those in settings such as captive agent storefronts, independent agencies, or virtual platforms. The hourly range for agents in Davenport spans from $10.27 for entry-level positions to an impressive $80.79 for those at the top end of the pay spectrum. Given the projected nature of these figures, as provided by the Bureau of Labor Statistics, they serve as a strong indicator of the financial potential within the profession, reflecting the contributions of experienced agents while outlining the entry-level expectations.
Insurance Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $10.27 | $82.13 |
| Lower Range (P25) | $21.90 | $175.21 |
| Median (P50) | $28.74 | $229.91 |
| Upper Range (P75) | $48.83 | $390.61 |
| Top Earners (P90) | $80.79 | $646.30 |
Estimated Annual Income by Work Schedule in Davenport
Based on $28.74/hr median hourly rate · 2026 est.
At $28.74/hr, a insurance agent working full-time (40 hr/wk) in Davenport, IA can expect to earn approximately $59,776 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $34,486. With a cost-of-living index of 89.08 (below the national average), these earnings stretch further in Davenport.
Hourly Rate Calculator
Schedule Comparison in Davenport
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,149.55 | $4,981 | $59,776 |
| Part-Time (24 hrs) | $689.73 | $2,989 | $35,866 |
| Per Diem (16 hrs) | $459.82 | $1,993 | $23,911 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Davenport) | $28.74 |
| 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 Davenport, IA earn a median of $59,777 per year (2026 est.), which is 7.35% lower than the national median of $64,522 and 7.00% below the Iowa state average of $64,277.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $28.74/hr = $35,866/year (purchasing power: $40,263).
Working 40h/week (full-time) = $59,776/year (purchasing power: $67,105).
CoL index: 89.079 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$22.67/hr
2025 BLS Actual
$27.74/hr
2026 Current Est.
$28.74/hr
2019–2027 Growth
+31.3%
Hourly Rate Trajectory for Insurance Agents in Davenport (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $22.67/hr | Actual |
| 2020 | $23.90/hr | Actual |
| 2021 | $26.20/hr | Actual |
| 2022 | $27.73/hr | Actual |
| 2023 | $29.14/hr | Actual |
| 2024 | $28.61/hr | Actual |
| 2025 | $27.74/hr | Actual |
| 2026(current) | $28.74/hr | Estimated |
| 2027 | $29.77/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Davenport grew 22.4% from $22.67/hr (2019) to $27.74/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $29.77/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 Davenport 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 Davenport
Exploring the practical earnings potential, part-time agents working three days a week—typically totaling around 24 hours—could expect to take home a considerably lower annual income than their full-time counterparts. While per diem opportunities exist, they are less common in this field and often involve commission structures that can vary significantly. In more specialized roles, such as consulting for risk management or serving as expert witnesses in policy disputes, hourly rates can escalate substantially, ranging from $200 to $600. The type of employer significantly influences compensation. Captive agents from renowned carriers may have lower hourly rates compared to independent agents or commercial brokers, who often command higher pay due to their expertise in commercial lines. However, the trade-off may include benefits such as health insurance, which can entice agents to accept lower hourly wages in environments where offering such benefits is standard. For those negotiating hourly pay in Davenport, understanding local market conditions and consulting industry benchmarks is crucial for maximizing their earning potential in this competitive field.
More salary data for Davenport, IA:
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 Davenport. 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