Insurance Agent Hourly Pay in Independence, KY: $29.13 (2026)
Quick Answer:Hourly pay for a insurance agent working in Independence, KY runs $29.13 at the median for 2026 — annualizing to $60,588 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Independence's regional price level (BEA RPP 89.3, 11% below national), each hour of work buys what $32.62 nationally would. A 24-hour part-time schedule grosses $36,357 per year.
Based on BLS state-level estimates · View source
In Independence, Kentucky, the 2026 median hourly pay for insurance agents is projected to be $29.13, noticeably lower than the national median of $31.02. This difference highlights not only local market conditions but also the broader economic factors at play in the insurance industry. For part-time insurance agents working three days per week, this hourly wage translates to a practical opportunity for supplementary income, particularly in settings like agency offices or client visits. The estimated hourly range of $18.01 to $45.15 illustrates the significant disparity between entry-level positions and seasoned professionals. Given that these hourly rates are derived from annual salary data, they inform prospective agents about potential earnings and provide insight into the compensation patterns typical for this profession in Independence.
About the Independence Market
Salary estimated from Kentucky average ($52,000) adjusted for local cost of living.
Insurance Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $18.01 | $144.05 |
| Lower Range (P25) | $22.04 | $176.29 |
| Median (P50) | $29.13 | $233.06 |
| Upper Range (P75) | $37.29 | $298.29 |
| Top Earners (P90) | $45.15 | $361.19 |
Estimated Annual Income by Work Schedule in Independence
Based on $29.13/hr median hourly rate · 2026 est.
At $29.13/hr, a insurance agent working full-time (40 hr/wk) in Independence, KY can expect to earn approximately $60,595 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $34,959. With a cost-of-living index of 89.30 (below the national average), these earnings stretch further in Independence.
Hourly Rate Calculator
Schedule Comparison in Independence
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,165.29 | $5,050 | $60,595 |
| Part-Time (24 hrs) | $699.18 | $3,030 | $36,357 |
| Per Diem (16 hrs) | $466.12 | $2,020 | $24,238 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Independence) | $29.13 |
| 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 Independence, KY earn a median of $60,588 per year (2026 est.), which is 6.10% lower than the national median of $64,522 and 0.80% below the Kentucky state average of $61,077.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $29.13/hr = $36,357/year (purchasing power: $40,713).
Working 40h/week (full-time) = $60,595/year (purchasing power: $67,856).
CoL index: 89.3 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$23.00/hr
2025 BLS Actual
$28.12/hr
2026 Current Est.
$29.13/hr
2019–2027 Growth
+31.2%
Hourly Rate Trajectory for Insurance Agents in Independence (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $23.00/hr | Actual |
| 2020 | $23.56/hr | Actual |
| 2021 | $22.50/hr | Actual |
| 2022 | $26.12/hr | Actual |
| 2023 | $26.68/hr | Actual |
| 2024 | $22.15/hr | Actual |
| 2025 | $28.12/hr | Actual |
| 2026(current) | $29.13/hr | Estimated |
| 2027 | $30.18/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Independence grew 22.3% from $23.00/hr (2019) to $28.12/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $30.18/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 Independence 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 Independence
Part-time insurance agents working 24 hours a week can expect to earn around $36,490 annually, which falls significantly short compared to a full-time agent's earnings. Rarely do per-diem arrangements, like those in some consulting roles, apply in this sector, as the majority of compensation is commission-based. Those working in specialized roles, such as CPCU-credentialed risk managers or expert witnesses in coverage disputes, can command far higher fees ranging from $200 to $600 per hour. Hourly rates also differ based on the type of agency, with captive agents typically earning less than their independent counterparts or commercial brokers. Many agents accept lower hourly rates for employer-provided health insurance and benefits, which can influence their compensation strategy. For those in Independence looking to negotiate their hourly pay, emphasizing experience, client retention rates, and any specialized training can be valuable tactics, particularly in an evolving insurance landscape that increasingly favors the independent agency model.
More salary data for Independence, KY:
Frequently Asked Questions
What is the hourly rate for insurance agents in Independence in 2026?
How much do part-time insurance agents make in Independence?
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How much does a full-time insurance agent make per year in Independence?
Do insurance agents earn more per hour working part-time in Independence?
Related Pages
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Nearby Cities in Kentucky
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 Independence. 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 Independence 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