Insurance Agent Hourly Pay in Blacksburg, VA: $22.77 (2026)
Quick Answer:Hourly pay for a insurance agent working in Blacksburg, VA runs $22.77 at the median for 2026 — annualizing to $47,366 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Blacksburg's regional price level (BEA RPP 92.7, 7% below national), each hour of work buys what $24.56 nationally would. A 24-hour part-time schedule grosses $28,419 per year.
Official BLS data · View source
In Blacksburg, Virginia, insurance agents earn a median hourly rate of $22.77, which falls significantly below the national median of $31.02. For those considering part-time work, such as a three-day workweek (approximately 24 hours), this translates to a take-home pay that may be more limited than in other states. Agents typically work in diverse settings, including captive agent storefronts, independent agency offices, and even virtual platforms for client interactions. The hourly pay range for insurance agents in the area starts at $16.72 for entry-level positions and goes up to $38.41 for experienced professionals, reflecting the varying demand and complexity of the work involved. This data, projected from 2025 BLS figures, highlights the local market dynamics, as insurance agents in Blacksburg often face challenges in competing with higher-paying markets.
Insurance Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $16.72 | $133.77 |
| Lower Range (P25) | $21.43 | $171.48 |
| Median (P50) | $22.77 | $182.17 |
| Upper Range (P75) | $35.33 | $282.62 |
| Top Earners (P90) | $38.41 | $307.32 |
Estimated Annual Income by Work Schedule in Blacksburg
Based on $22.77/hr median hourly rate · 2026 est.
At $22.77/hr, a insurance agent working full-time (40 hr/wk) in Blacksburg, VA can expect to earn approximately $47,364 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $27,326. With a cost-of-living index of 92.71 (below the national average), these earnings stretch further in Blacksburg.
Hourly Rate Calculator
Schedule Comparison in Blacksburg
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $910.85 | $3,947 | $47,364 |
| Part-Time (24 hrs) | $546.51 | $2,368 | $28,419 |
| Per Diem (16 hrs) | $364.34 | $1,579 | $18,946 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Blacksburg) | $22.77 |
| 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 Blacksburg, VA earn a median of $47,366 per year (2026 est.), which is 26.59% lower than the national median of $64,522 and 21.70% below the Virginia state average of $60,493.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $22.77/hr = $28,419/year (purchasing power: $30,653).
Working 40h/week (full-time) = $47,364/year (purchasing power: $51,089).
CoL index: 92.71 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$19.84/hr
2025 BLS Actual
$21.98/hr
2026 Current Est.
$22.77/hr
2019–2027 Growth
+18.9%
Hourly Rate Trajectory for Insurance Agents in Blacksburg (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $19.84/hr | Actual |
| 2020 | $22.52/hr | Actual |
| 2021 | $17.99/hr | Actual |
| 2022 | $20.61/hr | Actual |
| 2023 | $18.83/hr | Actual |
| 2024 | $21.77/hr | Actual |
| 2025 | $21.98/hr | Actual |
| 2026(current) | $22.77/hr | Estimated |
| 2027 | $23.59/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Blacksburg grew 10.8% from $19.84/hr (2019) to $21.98/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $23.59/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 Blacksburg 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 Blacksburg
When evaluating the part-time earnings in Blacksburg, an insurance agent working just three days a week would gross roughly $27,573 annually, a stark contrast to full-time counterparts earning more. The primary compensation for insurance agents usually comes through commission rather than hourly pay, posing unique challenges for those pursuing per-diem or 1099 opportunities, as these flexible roles are rarely available. While some agents affiliated with large brokerages or online platforms may find higher per diem insurance agent pay opportunities, traditional compensation models remain dominant. Different employer types can significantly influence hourly pay; captive agencies like State Farm and Allstate typically offer stable wages but fewer opportunities for extreme pay increases compared to independent agencies that might focus on commercial lines. In addition, agents may negotiate lower hourly rates in exchange for health benefits, making it essential for potential hires in Blacksburg to assess their priorities and leverage the local market trends effectively. Consideration of these factors can lead to better-informed decisions about pursuing a career as an insurance agent in Virginia.
More salary data for Blacksburg, VA:
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 Blacksburg. 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