Insurance Agent Hourly Pay in Ramsey, MN: $31.67 (2026)
Quick Answer:Hourly pay for a insurance agent working in Ramsey, MN runs $31.67 at the median for 2026 — annualizing to $65,869 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Ramsey's regional price level (BEA RPP 98.5, 1% below national), each hour of work buys what $32.15 nationally would. A 24-hour part-time schedule grosses $39,525 per year.
Based on BLS state-level estimates · View source
In Ramsey, Minnesota, the projected median hourly pay for insurance agents in 2026 is $31.67, which is slightly above the national hourly median of $31.02. This competitive rate can be particularly advantageous for part-time insurance agents working three days a week, allowing for a flexible earning potential while maintaining work-life balance. For those considering per-diem opportunities, the typical settings include captive agent storefronts, independent agency offices, corporate brokerage environments, and remote virtual platforms. The hourly pay for entry-level agents starts at approximately $18.63, while top earners can reach $49.09, reflecting a broad range that accommodates various levels of experience and skill within the profession.
About the Ramsey Market
Salary estimated from Minnesota average ($68,000) adjusted for local cost of living.
Insurance Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $18.63 | $149.02 |
| Lower Range (P25) | $24.51 | $196.09 |
| Median (P50) | $31.67 | $253.36 |
| Upper Range (P75) | $40.54 | $324.31 |
| Top Earners (P90) | $49.09 | $392.69 |
Estimated Annual Income by Work Schedule in Ramsey
Based on $31.67/hr median hourly rate · 2026 est.
At $31.67/hr, a insurance agent working full-time (40 hr/wk) in Ramsey, MN can expect to earn approximately $65,875 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $38,005. With a cost-of-living index of 98.50 (below the national average), these earnings stretch further in Ramsey.
Hourly Rate Calculator
Schedule Comparison in Ramsey
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,266.82 | $5,490 | $65,875 |
| Part-Time (24 hrs) | $760.09 | $3,294 | $39,525 |
| Per Diem (16 hrs) | $506.73 | $2,196 | $26,350 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Ramsey) | $31.67 |
| 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 Ramsey, MN earn a median of $65,869 per year (2026 est.), which is 2.09% higher than the national median of $64,522 and 2.50% below the Minnesota state average of $67,558.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $31.67/hr = $39,525/year (purchasing power: $40,127).
Working 40h/week (full-time) = $65,875/year (purchasing power: $66,878).
CoL index: 98.5 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$25.00/hr
2025 BLS Actual
$30.57/hr
2026 Current Est.
$31.67/hr
2019–2027 Growth
+31.2%
Hourly Rate Trajectory for Insurance Agents in Ramsey (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $25.00/hr | Actual |
| 2020 | $25.61/hr | Actual |
| 2021 | $24.46/hr | Actual |
| 2022 | $28.40/hr | Actual |
| 2023 | $29.00/hr | Actual |
| 2024 | $31.40/hr | Actual |
| 2025 | $30.57/hr | Actual |
| 2026(current) | $31.67/hr | Estimated |
| 2027 | $32.81/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Ramsey grew 22.3% from $25.00/hr (2019) to $30.57/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $32.81/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 Ramsey 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 Ramsey
For agents working part-time at 24 hours each week, the yearly compensation would yield around $39,524, compared to full-time counterparts who typically earn significantly more due to increased commission opportunities. While per-diem and independent contractor roles are less common in this field—largely because most insurance compensation structures rely on commission—some professionals with specialized skills, such as risk management or expert witness testimony, command hourly rates that can be substantially higher. In Ramsey, compensation patterns often vary depending on the type of employer, with captive agents usually receiving lower hourly pay but offering benefits like health insurance, contrasting with independent agencies that may provide higher pay without benefits. Agents should approach negotiations with an understanding of the local market dynamics and their potential value, especially when assessing whether to prioritize better hourly rates over benefits.
More salary data for Ramsey, MN:
Frequently Asked Questions
What is the hourly rate for insurance agents in Ramsey in 2026?
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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 Ramsey. 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 Ramsey 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