Insurance Agent Hourly Pay in Olive Branch, MS: $25.15 (2026)
Quick Answer:Hourly pay for a insurance agent working in Olive Branch, MS runs $25.15 at the median for 2026 — annualizing to $52,317 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Olive Branch's regional price level (BEA RPP 85.7, 14% below national), each hour of work buys what $29.35 nationally would. A 24-hour part-time schedule grosses $31,392 per year.
Based on BLS state-level estimates · View source
In Olive Branch, Mississippi, insurance agents earn a median hourly pay of $25.15, which falls short of the national median of $31.02. This pay scale can significantly impact individuals working part-time—such as a typical agent operating three days a week—who might take home around $24,000 annually, considerably less than a full-time counterpart in this profession. The hourly wage range includes entry-level positions starting at $15.65, while experienced agents can earn up to $38.98, reflecting their expertise and clientele. Insurance agents in Olive Branch typically work in environments like independent agency offices, captive agent storefronts, and virtual platforms. The pay structure often aligns with the use of commission-based income, influencing how agents negotiate their rates for both part-time and per-diem arrangements.
About the Olive Branch Market
Salary estimated from Mississippi average ($45,000) adjusted for local cost of living.
Insurance Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $15.65 | $125.23 |
| Lower Range (P25) | $19.11 | $152.91 |
| Median (P50) | $25.15 | $201.23 |
| Upper Range (P75) | $32.20 | $257.59 |
| Top Earners (P90) | $38.98 | $311.88 |
Estimated Annual Income by Work Schedule in Olive Branch
Based on $25.15/hr median hourly rate · 2026 est.
At $25.15/hr, a insurance agent working full-time (40 hr/wk) in Olive Branch, MS can expect to earn approximately $52,320 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $30,185. With a cost-of-living index of 85.70 (below the national average), these earnings stretch further in Olive Branch.
Hourly Rate Calculator
Schedule Comparison in Olive Branch
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,006.16 | $4,360 | $52,320 |
| Part-Time (24 hrs) | $603.70 | $2,616 | $31,392 |
| Per Diem (16 hrs) | $402.47 | $1,744 | $20,928 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Olive Branch) | $25.15 |
| 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 Olive Branch, MS earn a median of $52,317 per year (2026 est.), which is 18.92% lower than the national median of $64,522 and 5.40% below the Mississippi state average of $55,303.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $25.15/hr = $31,392/year (purchasing power: $36,630).
Working 40h/week (full-time) = $52,320/year (purchasing power: $61,051).
CoL index: 85.7 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$19.86/hr
2025 BLS Actual
$24.28/hr
2026 Current Est.
$25.15/hr
2019–2027 Growth
+31.2%
Hourly Rate Trajectory for Insurance Agents in Olive Branch (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $19.86/hr | Actual |
| 2020 | $20.34/hr | Actual |
| 2021 | $19.43/hr | Actual |
| 2022 | $22.56/hr | Actual |
| 2023 | $23.03/hr | Actual |
| 2024 | $17.54/hr | Actual |
| 2025 | $24.28/hr | Actual |
| 2026(current) | $25.15/hr | Estimated |
| 2027 | $26.06/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Olive Branch grew 22.3% from $19.86/hr (2019) to $24.28/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $26.06/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 Olive Branch 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 Olive Branch
Many insurance agents in Olive Branch pursue part-time opportunities, which provide unique earning dynamics compared to full-time roles. A part-time agent working 24 hours a week would earn around $24,120 annually, a figure that highlights the challenges of balancing income with flexible schedules. While 1099 positions or per diem roles are less prevalent, those working on commission often find it financially beneficial, especially when consulting with risk managers or taking on specialized tasks as independent experts. Different types of employers greatly influence the hourly rates agents can command. Captive agencies, such as State Farm and Allstate, typically offer structured salaries with benefits, whereas independent agencies and larger commercial firms can provide higher commission rates but may lack the same level of job security. Agents must weigh the advantages of health benefits against potentially higher hourly wages obtained in commission-driven roles. For those in Olive Branch, understanding the employment landscape and honing negotiation skills are essential for achieving profitable hourly pay in this profession.
More salary data for Olive Branch, MS:
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 Olive Branch. 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 Olive Branch 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