Insurance Agent Hourly Pay in Sheridan, WY: $28.38 (2026)
Quick Answer:Hourly pay for a insurance agent working in Sheridan, WY runs $28.38 at the median for 2026 — annualizing to $59,017 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Sheridan's regional price level (BEA RPP 95.8, 4% below national), each hour of work buys what $29.62 nationally would. A 24-hour part-time schedule grosses $35,413 per year.
Based on BLS state-level estimates · View source
In Sheridan, Wyoming, the insurance agent hourly pay is set at a median of $28.38. This figure indicates a noticeable gap when compared to the national hourly median of $31.02. For part-time workers desiring flexibility, such as those working three days a week, earnings can significantly influence annual income, especially in roles tied to both independent agencies and captive firms. The hourly range spans from $17.76 for entry-level positions up to $43.98 for experienced professionals at the peak of their careers. This compensation structure reflects the diverse settings in which insurance agents operate, from storefronts and independent offices to virtual consults, ensuring a comprehensive overview of the industry in Sheridan.
About the Sheridan Market
Salary estimated from Wyoming average ($52,000) adjusted for local cost of living.
Insurance Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $17.76 | $142.06 |
| Lower Range (P25) | $21.56 | $172.47 |
| Median (P50) | $28.38 | $227.01 |
| Upper Range (P75) | $36.32 | $290.58 |
| Top Earners (P90) | $43.98 | $351.83 |
Estimated Annual Income by Work Schedule in Sheridan
Based on $28.38/hr median hourly rate · 2026 est.
At $28.38/hr, a insurance agent working full-time (40 hr/wk) in Sheridan, WY can expect to earn approximately $59,022 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $34,051. With a cost-of-living index of 95.80 (below the national average), these earnings stretch further in Sheridan.
Hourly Rate Calculator
Schedule Comparison in Sheridan
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,135.04 | $4,919 | $59,022 |
| Part-Time (24 hrs) | $681.02 | $2,951 | $35,413 |
| Per Diem (16 hrs) | $454.02 | $1,967 | $23,609 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Sheridan) | $28.38 |
| 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 Sheridan, WY earn a median of $59,017 per year (2026 est.), which is 8.53% lower than the national median of $64,522 and 4.50% below the Wyoming state average of $61,798.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $28.38/hr = $35,413/year (purchasing power: $36,966).
Working 40h/week (full-time) = $59,022/year (purchasing power: $61,610).
CoL index: 95.8 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$22.40/hr
2025 BLS Actual
$27.39/hr
2026 Current Est.
$28.38/hr
2019–2027 Growth
+31.2%
Hourly Rate Trajectory for Insurance Agents in Sheridan (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $22.40/hr | Actual |
| 2020 | $22.95/hr | Actual |
| 2021 | $21.92/hr | Actual |
| 2022 | $25.45/hr | Actual |
| 2023 | $25.98/hr | Actual |
| 2024 | $22.87/hr | Actual |
| 2025 | $27.39/hr | Actual |
| 2026(current) | $28.38/hr | Estimated |
| 2027 | $29.40/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Sheridan grew 22.3% from $22.40/hr (2019) to $27.39/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $29.40/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 Sheridan 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 Sheridan
Part-time insurance agents in Sheridan can expect to earn a substantial income even while working 24 hours a week. In such a scenario, annual earnings would approximately total $43,897, contrasting sharply with the higher potential income of full-time agents. Compensation in this field often hinges on commission, with per-diem or 1099 arrangements being relatively rare. For example, industry experts such as risk managers and coverage dispute witnesses command significantly higher hourly fees ranging from $200 to $600. Different employer types in Sheridan affect hourly rates markedly; captive agents typically earn less compared to independent brokers or large commercial firms due to commission structures. Consequently, many agents may prioritize companies offering health benefits, which often translates into lower hourly wages compared to those firms that do not provide such advantages. Those negotiating for hourly pay must be prepared to discuss not only their experience and credentials, such as CPCU or CIC, but also the competitive nature of the local market.
More salary data for Sheridan, 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 Sheridan. 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 Sheridan 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