Insurance Agent Hourly Pay in Parma, OH: $30.08 (2026)
Quick Answer:Hourly pay for a insurance agent working in Parma, OH runs $30.08 at the median for 2026 — annualizing to $62,559 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Parma's regional price level (BEA RPP 90.7, 9% below national), each hour of work buys what $33.16 nationally would. A 24-hour part-time schedule grosses $37,534 per year.
Based on BLS state-level estimates · View source
Insurance agents in Parma, Ohio, receive a median hourly pay of $30.08, slightly below the national average of $31.02. This rate reflects the compensation for professionals working in various settings, such as independent agency offices, large commercial brokerages, or even engaging with clients in virtual spaces. For part-time agents working three days per week, or per-diem professionals, this translates into a manageable income depending on their hours worked, which can range significantly from entry-level positions earning about $17.81 hourly to seasoned agents making as much as $46.62 an hour. These hourly rates are derived from annual salary estimates, giving a useful perspective on the earning potential for those considering this career in the local market.
About the Parma Market
Salary estimated from Ohio average ($58,000) adjusted for local cost of living.
Insurance Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $17.81 | $142.47 |
| Lower Range (P25) | $22.24 | $177.94 |
| Median (P50) | $30.08 | $240.60 |
| Upper Range (P75) | $38.50 | $307.98 |
| Top Earners (P90) | $46.62 | $372.96 |
Estimated Annual Income by Work Schedule in Parma
Based on $30.08/hr median hourly rate · 2026 est.
At $30.08/hr, a insurance agent working full-time (40 hr/wk) in Parma, OH can expect to earn approximately $62,556 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $36,090. With a cost-of-living index of 90.70 (below the national average), these earnings stretch further in Parma.
Hourly Rate Calculator
Schedule Comparison in Parma
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,203.00 | $5,213 | $62,556 |
| Part-Time (24 hrs) | $721.80 | $3,128 | $37,534 |
| Per Diem (16 hrs) | $481.20 | $2,085 | $25,022 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Parma) | $30.08 |
| 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 Parma, OH earn a median of $62,559 per year (2026 est.), which is 3.04% lower than the national median of $64,522 and 0.80% above the Ohio state average of $62,062.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $30.08/hr = $37,534/year (purchasing power: $41,382).
Working 40h/week (full-time) = $62,556/year (purchasing power: $68,970).
CoL index: 90.7 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$23.74/hr
2025 BLS Actual
$29.03/hr
2026 Current Est.
$30.08/hr
2019–2027 Growth
+31.2%
Hourly Rate Trajectory for Insurance Agents in Parma (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $23.74/hr | Actual |
| 2020 | $24.32/hr | Actual |
| 2021 | $23.23/hr | Actual |
| 2022 | $26.97/hr | Actual |
| 2023 | $27.54/hr | Actual |
| 2024 | $25.49/hr | Actual |
| 2025 | $29.03/hr | Actual |
| 2026(current) | $30.08/hr | Estimated |
| 2027 | $31.16/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Parma grew 22.3% from $23.74/hr (2019) to $29.03/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $31.16/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 Parma 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 Parma
Those opting for part-time work as an insurance agent in Parma could expect an annual income substantially lower than their full-time counterparts. For instance, individuals working just 24 hours a week might earn around $35,000 annually, while full-time agents would see that figure drastically increase. The prevalence of commission-based earning structures also plays a role; while hourly work is common, many insurance professionals earn significant commissions that can surpass hourly wages. Moreover, a per diem insurance agent’s pay in Parma may vary widely, influenced by the type of agency, such as captive carriers like State Farm or independent firms that offer more competitive compensation models. In this competitive landscape, agents must weigh the trade-offs of potentially lower hourly rates in exchange for benefits such as health insurance, something more common in larger companies. Negotiation tips include highlighting unique skills or certifications, such as CPCU or CLU, which can add value to the traditional hourly rate discussions.
More salary data for Parma, OH:
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 Parma. 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 Parma 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