Insurance Agent Hourly Pay in Holyoke, MA: $37.18 (2026)
Quick Answer:Hourly pay for a insurance agent working in Holyoke, MA runs $37.18 at the median for 2026 — annualizing to $77,345 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Holyoke's regional price level (BEA RPP 108.5, 9% above national), each hour of work buys what $34.27 nationally would. A 24-hour part-time schedule grosses $46,403 per year.
Based on BLS state-level estimates · View source
In Holyoke, Massachusetts, the insurance agent hourly pay stands at a compelling $37.18, significantly above the national median of $31.02. This higher remuneration reflects the local market dynamics and the level of expertise required for various roles in the field. For part-time agents working three days a week, this translates into a lucrative income that suits their lifestyle, especially in environments such as independent agency offices or client business visits. Entry-level roles start around $22.02 per hour, while top earners can command up to $57.63 per hour, offering a wide spectrum of pay that caters to a range of skills and experience. It's important to note that these hourly rates are derived from annual salary data, highlighting how financial opportunities change based on the work structure adopted by agents in Holyoke.
About the Holyoke Market
Salary estimated from Massachusetts average ($82,000) adjusted for local cost of living.
Insurance Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $22.02 | $176.12 |
| Lower Range (P25) | $27.42 | $219.38 |
| Median (P50) | $37.18 | $297.46 |
| Upper Range (P75) | $47.59 | $380.75 |
| Top Earners (P90) | $57.63 | $461.06 |
Estimated Annual Income by Work Schedule in Holyoke
Based on $37.18/hr median hourly rate · 2026 est.
At $37.18/hr, a insurance agent working full-time (40 hr/wk) in Holyoke, MA can expect to earn approximately $77,339 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $44,618. With a cost-of-living index of 108.50 (above the national average), these earnings may be offset by higher expenses in Holyoke.
Hourly Rate Calculator
Schedule Comparison in Holyoke
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,487.28 | $6,445 | $77,339 |
| Part-Time (24 hrs) | $892.37 | $3,867 | $46,403 |
| Per Diem (16 hrs) | $594.91 | $2,578 | $30,935 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Holyoke) | $37.18 |
| 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 Holyoke, MA earn a median of $77,345 per year (2026 est.), which is 19.87% higher than the national median of $64,522 and 2.30% below the Massachusetts state average of $79,165.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $37.18/hr = $46,403/year (purchasing power: $42,768).
Working 40h/week (full-time) = $77,339/year (purchasing power: $71,280).
CoL index: 108.5 (100 = national average).
2019 BLS Actual
$29.36/hr
2025 BLS Actual
$35.89/hr
2026 Current Est.
$37.18/hr
2019–2027 Growth
+31.2%
Hourly Rate Trajectory for Insurance Agents in Holyoke (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $29.36/hr | Actual |
| 2020 | $30.07/hr | Actual |
| 2021 | $28.72/hr | Actual |
| 2022 | $33.34/hr | Actual |
| 2023 | $34.05/hr | Actual |
| 2024 | $41.78/hr | Actual |
| 2025 | $35.89/hr | Actual |
| 2026(current) | $37.18/hr | Estimated |
| 2027 | $38.52/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Holyoke grew 22.3% from $29.36/hr (2019) to $35.89/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $38.52/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 Holyoke 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 Holyoke
Analyzing the potential earnings for part-time insurance agents reveals a substantial difference in annual income compared to full-time counterparts. For instance, a part-time agent working 24 hours a week could earn significantly less per year than a full-time agent, yet this flexible scheduling allows for a well-balanced work-life scenario. In the realm of per diem work, such opportunities are rare for insurance agents, as most compensation is commission-based. Notably, professionals consulting as risk managers can charge between $200-$400 per hour, whereas expert witnesses in coverage disputes see rates between $300-$600 per hour. Various employment types affect hourly rates dramatically; for instance, captive agents at companies like State Farm and Allstate might earn differently than those at large commercial brokerages such as Aon and Marsh. Additionally, when negotiating hourly pay in Holyoke, agents may have to weigh immediate financial benefits against long-term offerings like health insurance, influencing their choices significantly.
More salary data for Holyoke, MA:
Frequently Asked Questions
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Related Pages
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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 Holyoke. 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 Holyoke 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