Insurance Agent Hourly Pay in Niagara Falls, NY: $31.47 (2026)
Quick Answer:Hourly pay for a insurance agent working in Niagara Falls, NY runs $31.47 at the median for 2026 — annualizing to $65,474 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Niagara Falls's regional price level (BEA RPP 115.9, 16% above national), each hour of work buys what $27.16 nationally would. A 24-hour part-time schedule grosses $39,279 per year.
Based on BLS state-level estimates · View source
In 2026, the insurance agent hourly pay in Niagara Falls, NY, is projected to reach $31.47, slightly surpassing the national hourly median of $31.02. This competitive hourly rate presents various opportunities for part-time and per-diem professionals. For those working three days a week, typically around 24 hours, insurance agents can still earn a considerable income while maintaining flexibility. The hourly pay range spans from an entry-level wage of $19.08 to a top-tier earning potential of $48.80, illustrating the profession's diverse opportunities based on experience and employer type. Typical settings for insurance agents include captive agent storefronts, independent agency offices, and commercial brokerage floors, as well as remote work arrangements for policy quoting or client business visits. The insights derived from annual salary data hint at an attractive compensation structure that encourages agents to develop their skills and networks in a growing job market.
About the Niagara Falls Market
Salary estimated from New York average ($88,000) adjusted for local cost of living.
Insurance Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $19.08 | $152.66 |
| Lower Range (P25) | $23.54 | $188.30 |
| Median (P50) | $31.47 | $251.79 |
| Upper Range (P75) | $40.29 | $322.32 |
| Top Earners (P90) | $48.80 | $390.36 |
Estimated Annual Income by Work Schedule in Niagara Falls
Based on $31.47/hr median hourly rate · 2026 est.
At $31.47/hr, a insurance agent working full-time (40 hr/wk) in Niagara Falls, NY can expect to earn approximately $65,465 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $37,768. With a cost-of-living index of 115.90 (above the national average), these earnings may be offset by higher expenses in Niagara Falls.
Hourly Rate Calculator
Schedule Comparison in Niagara Falls
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,258.95 | $5,455 | $65,465 |
| Part-Time (24 hrs) | $755.37 | $3,273 | $39,279 |
| Per Diem (16 hrs) | $503.58 | $2,182 | $26,186 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Niagara Falls) | $31.47 |
| 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 Niagara Falls, NY earn a median of $65,474 per year (2026 est.), which is 1.48% higher than the national median of $64,522 and 1.50% below the New York state average of $66,471.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $31.47/hr = $39,279/year (purchasing power: $33,891).
Working 40h/week (full-time) = $65,465/year (purchasing power: $56,484).
CoL index: 115.9 (100 = national average).
2019 BLS Actual
$24.85/hr
2025 BLS Actual
$30.38/hr
2026 Current Est.
$31.47/hr
2019–2027 Growth
+31.2%
Hourly Rate Trajectory for Insurance Agents in Niagara Falls (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $24.85/hr | Actual |
| 2020 | $25.45/hr | Actual |
| 2021 | $24.31/hr | Actual |
| 2022 | $28.22/hr | Actual |
| 2023 | $28.82/hr | Actual |
| 2024 | $48.31/hr | Actual |
| 2025 | $30.38/hr | Actual |
| 2026(current) | $31.47/hr | Estimated |
| 2027 | $32.61/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Niagara Falls grew 22.3% from $24.85/hr (2019) to $30.38/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $32.61/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 Niagara Falls 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 Niagara Falls
When evaluating part-time earning potential in Niagara Falls, an agent working a 24-hour week could potentially bring home around $39,048 annually, a stark contrast to the income of a full-time employee who typically works twice the hours. While per-diem or agency work may be appealing to some, the reality is that most agents operate within a commission-based structure rather than a straightforward hourly wage. Consulting risk managers can demand impressive rates ranging from $200 to $400 per hour, while expert witnesses in disputes may charge between $300 and $600 per hour, underscoring the premium associated with specialized expertise in this field. Insurance agents in the area may find differing compensation depending on their employer types—the captive agents might earn less hourly compared to independent agencies or large commercial firms, where higher stakes business leads to increased pay. Some agents might prefer lower hourly wages in exchange for robust health benefits, a trade-off worth considering during negotiations. Approaching discussions about pay with emphasis on industry standard practices and the value of experience can enhance prospects in this competitive landscape.
More salary data for Niagara Falls, 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 Niagara Falls. 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 Niagara Falls 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