Insurance Agent Hourly Pay in Methuen, MA: $37.52 (2026)
Quick Answer:Hourly pay for a insurance agent working in Methuen, MA runs $37.52 at the median for 2026 — annualizing to $78,058 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Methuen's regional price level (BEA RPP 108.5, 9% above national), each hour of work buys what $34.58 nationally would. A 24-hour part-time schedule grosses $46,830 per year.
Based on BLS state-level estimates · View source
In Methuen, Massachusetts, the projected insurance agent hourly pay for 2026 is set at $37.52, significantly exceeding the national hourly median of $31.02. This advantageous rate translates into appealing remuneration for both full-time and part-time agents who may work in various settings, such as captive agent storefronts, independent agency offices, and commercial brokerage environments. Part-time agents working three days a week (typically around 24 hours) can expect to earn approximately $900 weekly, making the profession attractive for those seeking flexible arrangements while benefiting from the commission structures that many agencies offer. Moreover, the hourly pay range extends from $23.85 at the entry level to about $58.17 for top earners, reflecting the diverse opportunities within the industry for those in Methuen.
About the Methuen 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) | $23.85 | $190.79 |
| Lower Range (P25) | $29.01 | $232.06 |
| Median (P50) | $37.52 | $300.19 |
| Upper Range (P75) | $48.04 | $384.31 |
| Top Earners (P90) | $58.17 | $465.37 |
Estimated Annual Income by Work Schedule in Methuen
Based on $37.52/hr median hourly rate · 2026 est.
At $37.52/hr, a insurance agent working full-time (40 hr/wk) in Methuen, MA can expect to earn approximately $78,050 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $45,029. With a cost-of-living index of 108.50 (above the national average), these earnings may be offset by higher expenses in Methuen.
Hourly Rate Calculator
Schedule Comparison in Methuen
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,500.96 | $6,504 | $78,050 |
| Part-Time (24 hrs) | $900.57 | $3,902 | $46,830 |
| Per Diem (16 hrs) | $600.38 | $2,602 | $31,220 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Methuen) | $37.52 |
| 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 Methuen, MA earn a median of $78,058 per year (2026 est.), which is 20.98% higher than the national median of $64,522 and 1.40% below the Massachusetts state average of $79,167.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $37.52/hr = $46,830/year (purchasing power: $43,161).
Working 40h/week (full-time) = $78,050/year (purchasing power: $71,935).
CoL index: 108.5 (100 = national average).
2019 BLS Actual
$29.63/hr
2025 BLS Actual
$36.22/hr
2026 Current Est.
$37.52/hr
2019–2027 Growth
+31.2%
Hourly Rate Trajectory for Insurance Agents in Methuen (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $29.63/hr | Actual |
| 2020 | $30.35/hr | Actual |
| 2021 | $28.99/hr | Actual |
| 2022 | $33.65/hr | Actual |
| 2023 | $34.36/hr | Actual |
| 2024 | $42.17/hr | Actual |
| 2025 | $36.22/hr | Actual |
| 2026(current) | $37.52/hr | Estimated |
| 2027 | $38.87/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Methuen grew 22.3% from $29.63/hr (2019) to $36.22/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $38.87/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 Methuen 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 Methuen
When considering the dynamics of per diem insurance agent pay in Methuen, agents willing to work on a 1099 basis often find lucrative opportunities, but they are rarer compared to traditional employment models. While most agents earn through commission, some former CPCU-credentialed brokers can charge $200 to $400 per hour for consulting, and expert witnesses in coverage disputes may earn between $300 and $600 hourly. In Methuen, hourly rates can vary significantly depending on the employer type, with captive agents typically earning less than their counterparts in independent agencies or large brokerages like Aon or Marsh, which focus on commercial lines. Many insurance agents might opt for slightly lower hourly rates to secure health insurance benefits, impacting their take-home income and forcing them to balance earnings against the perks of full-time employment. Negotiation skills are essential for those in this field, as agents should articulate their value proposition clearly, especially when considering the range of services they can provide across different insurance sectors.
More salary data for Methuen, MA:
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 Methuen. 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 Methuen 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