Insurance Agent Hourly Pay in Cranston, RI: $30.49 (2026)
Quick Answer:Hourly pay for a insurance agent working in Cranston, RI runs $30.49 at the median for 2026 — annualizing to $63,428 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Cranston's regional price level (BEA RPP 100.5, 1% above national), each hour of work buys what $30.34 nationally would. A 24-hour part-time schedule grosses $38,051 per year.
Based on BLS state-level estimates · View source
In Cranston, Rhode Island, the median hourly pay for insurance agents in 2026 is projected to be $30.49. This figure falls slightly below the national median hourly rate of $31.02, indicating competitive, yet slightly restrained compensation for this profession in the state. For insurance agents working part-time—around three days a week—this hourly rate translates into a feasible income, especially in environments that range from independent agency settings to corporate brokerage offices. Entry-level agents might earn as little as $19.02 per hour, while top earners in the field can reach up to $47.26 per hour. These estimates, based on annual salary data projected to 2026, provide a foundation for understanding compensation trends and expectations for both newcomers and seasoned professionals in the insurance industry within Cranston.
About the Cranston Market
Salary estimated from Rhode Island average ($62,000) adjusted for local cost of living.
Insurance Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $19.02 | $152.17 |
| Lower Range (P25) | $23.28 | $186.23 |
| Median (P50) | $30.49 | $243.92 |
| Upper Range (P75) | $39.04 | $312.29 |
| Top Earners (P90) | $47.26 | $378.10 |
Estimated Annual Income by Work Schedule in Cranston
Based on $30.49/hr median hourly rate · 2026 est.
At $30.49/hr, a insurance agent working full-time (40 hr/wk) in Cranston, RI can expect to earn approximately $63,418 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $36,587. With a cost-of-living index of 100.50 (above the national average), these earnings may be offset by higher expenses in Cranston.
Hourly Rate Calculator
Schedule Comparison in Cranston
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,219.58 | $5,285 | $63,418 |
| Part-Time (24 hrs) | $731.75 | $3,171 | $38,051 |
| Per Diem (16 hrs) | $487.83 | $2,114 | $25,367 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Cranston) | $30.49 |
| 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 Cranston, RI earn a median of $63,428 per year (2026 est.), which is 1.70% lower than the national median of $64,522 and 2.20% below the Rhode Island state average of $64,855.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $30.49/hr = $38,051/year (purchasing power: $37,862).
Working 40h/week (full-time) = $63,418/year (purchasing power: $63,103).
CoL index: 100.5 (100 = national average).
2019 BLS Actual
$24.07/hr
2025 BLS Actual
$29.43/hr
2026 Current Est.
$30.49/hr
2019–2027 Growth
+31.2%
Hourly Rate Trajectory for Insurance Agents in Cranston (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $24.07/hr | Actual |
| 2020 | $24.66/hr | Actual |
| 2021 | $23.55/hr | Actual |
| 2022 | $27.34/hr | Actual |
| 2023 | $27.92/hr | Actual |
| 2024 | $29.30/hr | Actual |
| 2025 | $29.43/hr | Actual |
| 2026(current) | $30.49/hr | Estimated |
| 2027 | $31.59/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Cranston grew 22.3% from $24.07/hr (2019) to $29.43/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $31.59/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 Cranston 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 Cranston
Shifting to the implications of part-time work, an insurance agent in Cranston working 24 hours per week could expect to take home around $37,564 annually—significantly less than a full-time peer's earnings. Furthermore, while per diem insurance agent pay in Cranston may seem appealing, the reality is that most compensation structures are tied to commissions rather than hourly work. Specialized roles, such as consulting risk managers or expert witnesses, can command much higher hourly rates, ranging from $200 to $600; however, these positions are quite niche. Hourly earnings can also vary significantly based on the employer type—agents associated with captive carriers like State Farm may experience different pay structures compared to those in independent brokerages or large commercial firms. Some agents may accept lower hourly rates for the benefits provided by larger organizations, particularly if health insurance is a critical factor. Negotiating expected compensation based on these differences, while also considering Cranston's cost of living index, can be key for industry professionals seeking the best hourly rate for their skills.
More salary data for Cranston, RI:
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 Cranston. 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 Cranston 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