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.
Official BLS data · View source

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
| Percentile | Hourly Rate | Per 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.
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.
Hourly Rate Calculator
Schedule Comparison in Cheyenne
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| 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
| Role | Median 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 |
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 (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $28.24/hr | Actual |
| 2020 | $31.94/hr | Actual |
| 2021 | $23.30/hr | Actual |
| 2022 | $25.18/hr | Actual |
| 2023 | $23.30/hr | Actual |
| 2024 | $26.91/hr | Actual |
| 2025 | $36.47/hr | Actual |
| 2026(current) | $37.78/hr | Estimated |
| 2027 | $39.14/hr | Projected |
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 (2019–2025) are actual BLS OEWS figures for the Cheyenne 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 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.
More salary data for Cheyenne, WY:
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 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