Insurance Agent Hourly Pay in Albany, NY: $35.85 (2026)
Quick Answer:Hourly pay for a insurance agent working in Albany, NY runs $35.85 at the median for 2026 — annualizing to $74,551 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Albany's regional price level (BEA RPP 99.6, 0% above national), each hour of work buys what $36.00 nationally would. A 24-hour part-time schedule grosses $44,735 per year.
Official BLS data · View source
In Albany, NY, the hourly pay for insurance agents is projected at $35.85, significantly higher than the national hourly median of $31.02. This advantageous pay scale reflects the city’s market dynamics, allowing both full-time and part-time agents to thrive in various work settings, such as captive agency storefronts and independent offices. For part-time agents working three days a week, this rate translates to a practical income that can support their lifestyle while balancing work with other commitments. Entry-level insurance agents in Albany can expect to start at an hourly rate of $22.13, while seasoned professionals and top earners can potentially reach $75.11 per hour. Such figures highlight how the insurance industry in Albany offers competitive remuneration, particularly for those pursuing full-time roles or per-diem opportunities in client-focused environments.
Insurance Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $22.13 | $177.03 |
| Lower Range (P25) | $27.41 | $219.30 |
| Median (P50) | $35.85 | $286.76 |
| Upper Range (P75) | $49.42 | $395.34 |
| Top Earners (P90) | $75.11 | $600.88 |
Estimated Annual Income by Work Schedule in Albany
Based on $35.85/hr median hourly rate · 2026 est.
At $35.85/hr, a insurance agent working full-time (40 hr/wk) in Albany, NY can expect to earn approximately $74,559 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $43,015. With a cost-of-living index of 99.57 (below the national average), these earnings stretch further in Albany.
Hourly Rate Calculator
Schedule Comparison in Albany
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,433.82 | $6,213 | $74,559 |
| Part-Time (24 hrs) | $860.29 | $3,728 | $44,735 |
| Per Diem (16 hrs) | $573.53 | $2,485 | $29,824 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Albany) | $35.85 |
| 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 Albany, NY earn a median of $74,551 per year (2026 est.), which is 15.54% higher than the national median of $64,522 and 12.20% above the New York state average of $66,444.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $35.85/hr = $44,735/year (purchasing power: $44,930).
Working 40h/week (full-time) = $74,559/year (purchasing power: $74,884).
CoL index: 99.566 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$30.17/hr
2025 BLS Actual
$34.60/hr
2026 Current Est.
$35.85/hr
2019–2027 Growth
+23.1%
Hourly Rate Trajectory for Insurance Agents in Albany (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $30.17/hr | Actual |
| 2020 | $31.99/hr | Actual |
| 2021 | $36.98/hr | Actual |
| 2022 | $38.13/hr | Actual |
| 2023 | $38.35/hr | Actual |
| 2024 | $36.46/hr | Actual |
| 2025 | $34.60/hr | Actual |
| 2026(current) | $35.85/hr | Estimated |
| 2027 | $37.14/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Albany grew 14.7% from $30.17/hr (2019) to $34.60/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $37.14/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 Albany 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 Albany
Exploring the financial implications of insurance agent hourly pay reveals notable differences depending on employment arrangements. For instance, an insurance agent working part-time for 24 hours a week could earn around $44,000 annually, showcasing a stark contrast to full-time agents who earn more due to increased hours and commission opportunities. Although per-diem work is less common in this field—most compensation tends to be commission-based—highly specialized roles, such as consulting risk managers, command impressive rates, often ranging from $200 to $400 per hour. Variations in hourly pay across employer types are also notable, as captive agents from companies like State Farm may earn less than those in independent agencies or large commercial brokerages. While some may choose lower hourly rates with employee benefits, others may opt for higher pay rates that come without the security of health insurance. When negotiating hourly pay, insurance agents in Albany should emphasize their experience, credentials, and the nuanced demands of their position to effectively align their objectives with market standards.
More salary data for Albany, NY:
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 Albany. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Source: BLS, OEWS, 7-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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