Insurance Agent Salary in Russellville, AR: $57,963 (2026)
Quick Answer:A full-time insurance agent in Russellville, AR earns a median $57,963/year (≈ $27.87/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Russellville's price level (13% below national, BEA RPP 86.9), that paycheck buys what $66,701 would nationally. Nominal pay sits 3.4% below the Arkansas state average.
Based on BLS state-level estimates · View source
In Russellville, AR, the projected annual earnings for an insurance agent are estimated to reach $57,963 by 2026. This figure reflects a salary range that spans from $38,077 at the lower end (P10) to $89,843 at the higher end (P90). These estimates, derived from 2025 BLS data adjusted for regional costs of living, illustrate a market where earnings can vary significantly based on the type of insurance sold, the agent's experience, and the business model employed. Agents focusing on commercial and specialty lines often enjoy higher commissions compared to those in personal lines, which can create a pronounced gradient in compensation. As the insurance landscape evolves, understanding this divergence can be pivotal for aspiring or current agents eager to enhance their financial standing in Russellville.
About the Russellville Market
Salary estimated from Arkansas average ($48,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $38,077 | $18.31 |
| Lower Range (P25) | $45,520 | $21.88 |
| Median (P50)(typical) | $57,963 | $27.87 |
| Upper Range (P75) | $74,193 | $35.67 |
| Top Earners (P90) | $89,843 | $43.19 |
Median Salary Position
10.17% below the national average
2026 Salary Percentile Distribution in Russellville
In Russellville, AR, the insurance agent salary spread from the 10th to 90th percentile is $51,766 (2026 est.). At $57,963, the local median is 10.17% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Russellville: You'd be in the lower-middle range
How Russellville Insurance Agent Pay Compares
Russellville median: $57,963/year (2026)
| Compared To | Median Salary | Russellville Pays |
|---|---|---|
| Arkansas Average | $60,003 | -3.40% less |
| National Average | $64,522 | -10.17% less |
Insurance Agents in Russellville, AR earn a median of $57,963 per year (2026 est.), which is 10.17% lower than the national median of $64,522 and 3.40% below the Arkansas state average of $60,003.
Cost-of-Living Adjusted Salary
Russellville has a cost of living 13.10% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Russellville, AR has a cost-of-living index of 86.9 (below the national average of 100). A insurance agent earning $57,963 nominally has purchasing power equivalent to $66,701 in an average-cost city — an effective 15.08% boost.
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2019 BLS Actual
$45,762
2025 BLS Actual
$55,949
2026 Current Est.
$57,963
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Russellville (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $45,762 | Actual |
| 2020 | $46,876 | Actual |
| 2021 | $44,774 | Actual |
| 2022 | $51,978 | Actual |
| 2023 | $53,074 | Actual |
| 2024 | $40,313 | Actual |
| 2025 | $55,949 | Actual |
| 2026(current) | $57,963 | Estimated |
| 2027 | $60,050 | Projected |
Based on 7 years of BLS OEWS data for the Russellville metropolitan area, the median insurance agent salary grew 22.3% from $45,762 (2019) to $55,949 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $60,050 by 2027 — a total increase of $14,288 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Russellville 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) | $38,077 – $45,520 |
| 3-5 years (Mid Career) | $45,520 – $57,963 |
| 5+ years (Experienced) | $57,963 – $74,193 |
| 10+ years (Top Earner) | $74,193 – $89,843 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Russellville
The local job market for insurance agents in Russellville is relatively modest, with only six agents currently employed in the area. Despite this limited number, the cost of living index stands at 86.9, indicating that living expenses are lower than the national average, which can improve take-home pay's purchasing power. Among local employers, captive agents at well-established carriers like State Farm and Allstate tend to offer competitive compensation packages, while independent agencies and large brokerage firms may provide greater earning potential through diversified products and commission structures. Factors that drive salary discrepancies in the area include the size of the book of business—where renewal commissions have a compounding effect—and the lucrative nature of commercial policies compared to personal lines. For agents looking to optimize their salary in Russellville, building a substantial book of commercial business and seeking opportunities within independent brokerages could be key strategies for success.
More salary data for Russellville, AR:
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 $55,949 for insurance agentsin the Russellville 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 Russellville 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