Insurance Agent Salary in Homewood, AL: $63,070 (2026)
Quick Answer:A full-time insurance agent in Homewood, AL earns a median $63,070/year (≈ $30.32/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Homewood's price level (12% below national, BEA RPP 87.9), that paycheck buys what $71,752 would nationally. Nominal pay sits 3.4% below the Alabama state average.
Based on BLS state-level estimates · View source
In 2026, insurance agents in Homewood, Alabama, are projected to earn a median annual salary of $63,070. This figure represents a slight dip compared to the national median of $64,522, highlighting the unique market conditions in the region. Salary ranges for insurance agents vary significantly, with the lowest earners at approximately $41,332 and top earners reaching up to $97,758. Local estimates are drawn from state-level data and regional cost adjustments, which reflect the local economic environment. As an insurance agent in Homewood, understanding the commission dynamics between personal lines and commercial or specialty lines is essential. The stronger commissions associated with commercial policies significantly influence earning potential, accentuating the need for expertise in this area to maximize income.
About the Homewood Market
Salary estimated from Alabama average ($52,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $41,332 | $19.87 |
| Lower Range (P25) | $49,505 | $23.80 |
| Median (P50)(typical) | $63,070 | $30.32 |
| Upper Range (P75) | $80,729 | $38.81 |
| Top Earners (P90) | $97,758 | $47.00 |
Median Salary Position
2.25% below the national average
2026 Salary Percentile Distribution in Homewood
In Homewood, AL, the insurance agent salary spread from the 10th to 90th percentile is $56,426 (2026 est.). At $63,070, the local median is 2.25% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Homewood: You'd be in the lower-middle range
How Homewood Insurance Agent Pay Compares
Homewood median: $63,070/year (2026)
| Compared To | Median Salary | Homewood Pays |
|---|---|---|
| Alabama Average | $65,289 | -3.40% less |
| National Average | $64,522 | -2.25% less |
Insurance Agents in Homewood, AL earn a median of $63,070 per year (2026 est.), which is 2.25% lower than the national median of $64,522 and 3.40% below the Alabama state average of $65,289.
Cost-of-Living Adjusted Salary
Homewood has a cost of living 12.10% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Homewood, AL has a cost-of-living index of 87.9 (below the national average of 100). A insurance agent earning $63,070 nominally has purchasing power equivalent to $71,752 in an average-cost city — an effective 13.77% boost.
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2019 BLS Actual
$49,793
2025 BLS Actual
$60,878
2026 Current Est.
$63,070
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Homewood (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $49,793 | Actual |
| 2020 | $51,005 | Actual |
| 2021 | $48,718 | Actual |
| 2022 | $56,557 | Actual |
| 2023 | $57,750 | Actual |
| 2024 | $44,161 | Actual |
| 2025 | $60,878 | Actual |
| 2026(current) | $63,070 | Estimated |
| 2027 | $65,340 | Projected |
Based on 7 years of BLS OEWS data for the Homewood metropolitan area, the median insurance agent salary grew 22.3% from $49,793 (2019) to $60,878 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $65,340 by 2027 — a total increase of $15,547 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Homewood 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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $41,332 – $49,505 |
| 3-5 years (Mid Career) | $49,505 – $63,070 |
| 5+ years (Experienced) | $63,070 – $80,729 |
| 10+ years (Top Earner) | $80,729 – $97,758 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Homewood
The job market for insurance agents in Homewood is relatively small, with five professionals currently employed in the field. A notable consideration for agents is the cost of living, with Homewood's index at 87.9, suggesting that residents can enjoy a relatively affordable lifestyle compared to many other areas. Employers such as captive agencies like State Farm and Allstate tend to offer competitive pay for entry-level roles, while independent agencies and large brokerage firms, which focus on commercial lines, often pay higher commissions due to their broader market access. The discrepancies in earnings stem from factors such as the size of the book of business, the different commission structures between commercial and personal lines, and the opportunities for agency ownership. Agents in Homewood looking to enhance their pay should focus on building a diverse portfolio, developing relationships with commercial clients, and considering advanced credentials such as CPCU, as this can lead to higher trust and more lucrative accounts.
More salary data for Homewood, AL:
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
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $60,878 for insurance agentsin the Homewood metropolitan area. A 3.60% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Homewood 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