Insurance Agent Salary

Insurance Agent Hourly Pay in Cheyenne, WY: $37.78 (2026)

Quick Answer:Hourly pay for a insurance agent working in Cheyenne, WY runs $37.78 at the median for 2026 — annualizing to $78,591 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Cheyenne's regional price level (BEA RPP 96.5, 4% below national), each hour of work buys what $39.16 nationally would. A 24-hour part-time schedule grosses $47,153 per year.

$78,591
Median Annual Salary
$37.78/hr
Hourly Rate
$44,993
Entry Level (P10)
$141,600
Top Earners (P90)

Official BLS data · View source

Insurance Agent Hourly Rate in Cheyenne, WY — 2026 est., based on 2025 BLS
Cheyenne, WY insurance agent hourly rate overview (2026 est., based on 2025 BLS)

In Cheyenne, Wyoming, insurance agents earn an impressive median hourly rate of $37.78, which stands in sharp contrast to the national median of $31.02. This rate is particularly favorable for those considering part-time work or per-diem roles in various settings, including independent agency offices, commercial brokerage floors, and virtual policy quoting scenarios. For example, working three days a week could yield around $29,658 annually, while those in full-time positions benefit significantly from the competitive hourly pay. The hourly range spans from $21.63 for entry-level roles to an attractive $68.08 for top earners, reflecting the diverse opportunities available within the industry from both captive agents at well-established carriers to independent agencies and corporate environments.

Insurance Agent Hourly Wage Breakdown

PercentileHourly RatePer 8hr Shift
Entry Level (P10)$21.63$173.05
Lower Range (P25)$26.77$214.16
Median (P50)$37.78$302.26
Upper Range (P75)$65.89$527.12
Top Earners (P90)$68.08$544.60

Estimated Annual Income by Work Schedule in Cheyenne

Based on $37.78/hr median hourly rate · 2026 est.

Horizontal bars showing a insurance agent in Cheyenne earning $37.78/hr would make approximately $45,340 part-time (24 hr/wk) or $78,588 full-time (40 hr/wk).Part-Time (24 hr/wk)$45,340Reduced (32 hr/wk)$60,453Full-Time (40 hr/wk)$78,588

At $37.78/hr, a insurance agent working full-time (40 hr/wk) in Cheyenne, WY can expect to earn approximately $78,588 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $45,340. With a cost-of-living index of 96.49 (below the national average), these earnings stretch further in Cheyenne.

Annual estimates assume 5052 working weeks per year. Actual earnings vary by employer, overtime, and benefits.

Hourly Rate Calculator

$302.26
per 8hr shift
$1,511.32
per week
$6,549
per month
$78,588
per year

Schedule Comparison in Cheyenne

ScheduleWeeklyMonthlyAnnual
Full-Time (40 hrs)$1,511.32$6,549$78,588
Part-Time (24 hrs)$906.79$3,929$47,153
Per Diem (16 hrs)$604.53$2,620$31,435

Compare Agent Wages With Similar Roles

RoleMedian Hourly
Insurance Agent (Cheyenne)$37.78
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
Horizontal bar chart comparing insurance agent median salary in Cheyenne ($78,591) with Wyoming average ($61,834) and the US national median ($64,522).Cheyenne$78,591Wyoming Avg$61,834+27.10%US National$64,522+21.80%

Insurance Agents in Cheyenne, WY earn a median of $78,591 per year (2026 est.), which is 21.80% higher than the national median of $64,522 and 27.10% above the Wyoming state average of $61,834.

Insurance Agent Hourly Pay vs. Cost of Living

Working 24h/week at $37.78/hr = $47,153/year (purchasing power: $48,868).

Working 40h/week (full-time) = $78,588/year (purchasing power: $81,446).

CoL index: 96.491 (100 = national average). Your dollars stretch further here.

2019 BLS Actual

$28.24/hr

2025 BLS Actual

$36.47/hr

2026 Current Est.

$37.78/hr

2019–2027 Growth

+38.6%

Hourly Rate Trajectory for Insurance Agents in Cheyenne (20192027)

2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.

BLS Actual Estimated Projected
Hourly rate trajectory chart for insurance agents in Cheyenne. Baseline $28.24/hr in 2025, projected to $39.14/hr by 2027.$20$26$31$37$422019202020212022202320242025202620272025 BLS$28.24$31.94$23.30$25.18$23.30$26.91$36.47$37.78$39.14
YearHourly RateStatus
2019$28.24/hrActual
2020$31.94/hrActual
2021$23.30/hrActual
2022$25.18/hrActual
2023$23.30/hrActual
2024$26.91/hrActual
2025$36.47/hrActual
2026(current)$37.78/hrEstimated
2027$39.14/hrProjected

Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Cheyenne grew 29.1% from $28.24/hr (2019) to $36.47/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $39.14/hr by 2027. Part-time and per-diem insurance agents can use this multi-year trend to benchmark future contract negotiations.

Note: Historical values (20192025) are actual BLS OEWS figures for the Cheyenne metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 20262026 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 Cheyenne

In examining the realities of part-time and per-diem work in the insurance landscape of Cheyenne, insurance agents need to be savvy negotiators to maximize their earnings. The structure of compensation often leans heavily towards commission rather than hourly pay, especially in traditional roles, which may diminish the appeal of per-diem insurance agent pay in Cheyenne, typically less common in this field. For those who opt to work independently, the potential exists to earn between $200 and $400 hourly as consulting risk managers, while expert witnesses in coverage disputes can command rates of $300 to $600 per hour. It’s important to explore how hourly rates often vary across employer types; captive agents may enjoy steady salaries and benefits, whereas independent agents or those at large brokerages might command higher hourly rates at the cost of more fluctuating work schedules. Therefore, agents considering their options should contemplate the trade-offs between pursuing higher hourly compensation without benefits versus a lower hourly rate coupled with job security and health insurance options, ultimately determining their best fit in Cheyenne's evolving insurance market.

Frequently Asked Questions

What is the hourly rate for insurance agents in Cheyenne in 2026?

The estimated 2026 median hourly rate for insurance agents in Cheyenne is $37.78/hour, based on estimated 2026 salary (projected from 2025 BLS data at 3.60% annual growth). Rates range from $21.63 at entry level (10th percentile) to $68.08 for experienced practitioners (90th percentile). This is 21.8% above the national average. Hourly pay varies based on practice type, patient volume, years of experience, and whether the position includes benefits.

How much do part-time insurance agents make in Cheyenne?

A part-time insurance agent working 3 days per week (24 hours) in Cheyenne earns approximately $3,929/month, or $47,153/year at the median hourly rate of $37.78. Many insurance agents prefer part-time schedules for work-life balance, and some work at multiple practices to maximize earnings. Part-time positions may not include benefits like health insurance or retirement contributions, but typically offer higher hourly rates to compensate.

Are insurance agents in Cheyenne paid hourly or salary?

The majority of insurance agents in Cheyenne are paid hourly at a median rate of $37.78/hour. Some full-time positions at larger practices or organizations offer salaried compensation around $78,588/year, often bundled with benefits including health insurance, paid time off, retirement plans, and continuing education allowances. Hourly pay gives flexibility, while salary positions provide income stability.

How much does a full-time insurance agent make per year in Cheyenne?

A full-time insurance agent working 40 hours per week (2,080 hours/year) in Cheyenne earns approximately $78,588/year at the median hourly rate of $37.78. This is 21.8% above the national median. Top earners working full-time can reach $141,597/year at the 90th percentile rate. Overtime and weekend shifts may further increase annual earnings.

Do insurance agents earn more per hour working part-time in Cheyenne?

Part-time and per diem insurance agents in Cheyenne sometimes command higher hourly rates — up to $68.08/hour — because practices need flexible coverage for specific days or peak hours. However, part-time positions typically do not include benefits like health insurance, paid time off, or retirement contributions. When factoring in the value of benefits, full-time salaried positions may offer comparable or better total compensation despite a slightly lower hourly rate.

Related Pages

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JL

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.

Clinically reviewed by Maria Gonzalez, CICData verified by Raj Patel, LUTCF

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 Cheyenne. 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

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