Insurance Agent Salary in Broomfield, CO: $59,824 (2026)
Quick Answer:A full-time insurance agent in Broomfield, CO earns a median $59,824/year (≈ $28.76/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Broomfield's price level (5% above national, BEA RPP 105.0), that paycheck buys what $56,975 would nationally. Nominal pay sits 1.5% below the Colorado state average.
Based on BLS state-level estimates · View source
In Broomfield, Colorado, insurance agents can expect a median annual salary of $59,824 in 2026, reflecting some variance when juxtaposed with the national average of $64,522. The local salary range indicates significant potential in the field, with entry-level wages starting at $37,899 and experienced agents earning up to $92,727. These figures are derived from 2025 BLS data and projected to 2026, accounting for regional price variations. The distinctions in pay may largely arise from the structural differences in the industry, with captive agents, such as those working with major carriers like State Farm and Allstate, often having fixed salaries, while independent agents and brokers enjoy greater flexibility in commission structures, potentially leading to higher earnings based on individual performance and client portfolios.
About the Broomfield Market
Salary estimated from Colorado average ($68,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $37,899 | $18.22 |
| Lower Range (P25) | $46,150 | $22.19 |
| Median (P50)(typical) | $59,824 | $28.76 |
| Upper Range (P75) | $76,575 | $36.82 |
| Top Earners (P90) | $92,727 | $44.58 |
Median Salary Position
7.28% below the national average
2026 Salary Percentile Distribution in Broomfield
In Broomfield, CO, the insurance agent salary spread from the 10th to 90th percentile is $54,828 (2026 est.). At $59,824, the local median is 7.28% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Broomfield: You'd be in the lower-middle range
How Broomfield Insurance Agent Pay Compares
Broomfield median: $59,824/year (2026)
| Compared To | Median Salary | Broomfield Pays |
|---|---|---|
| Colorado Average | $60,735 | -1.50% less |
| National Average | $64,522 | -7.28% less |
Insurance Agents in Broomfield, CO earn a median of $59,824 per year (2026 est.), which is 7.28% lower than the national median of $64,522 and 1.50% below the Colorado state average of $60,735.
Cost-of-Living Adjusted Salary
Broomfield has a cost of living 5.00% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Broomfield, CO has a cost-of-living index of 105 (above the national average of 100). While the nominal salary of $59,824 is competitive, the higher cost of living reduces purchasing power to an effective $56,975 — a 4.76% reduction.
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2019 BLS Actual
$47,231
2025 BLS Actual
$57,745
2026 Current Est.
$59,824
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Broomfield (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $47,231 | Actual |
| 2020 | $48,380 | Actual |
| 2021 | $46,211 | Actual |
| 2022 | $53,647 | Actual |
| 2023 | $54,778 | Actual |
| 2024 | $70,310 | Actual |
| 2025 | $57,745 | Actual |
| 2026(current) | $59,824 | Estimated |
| 2027 | $61,977 | Projected |
Based on 7 years of BLS OEWS data for the Broomfield metropolitan area, the median insurance agent salary grew 22.3% from $47,231 (2019) to $57,745 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $61,977 by 2027 — a total increase of $14,746 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Broomfield 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) | $37,899 – $46,150 |
| 3-5 years (Mid Career) | $46,150 – $59,824 |
| 5+ years (Experienced) | $59,824 – $76,575 |
| 10+ years (Top Earner) | $76,575 – $92,727 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Broomfield
The job market for insurance agents in Broomfield consists of 18 professionals currently employed in the field, which reflects a relatively focused niche within the local economy. With a cost of living index of 105, agents must carefully consider their take-home pay and its purchasing power in relation to local expenses. Among the top-paying employers in the area, large commercial brokerages like Aon and Marsh tend to offer more lucrative packages compared to smaller captive agencies. Factors such as the book of business size, specialization in commercial versus personal lines, and agency ownership can significantly impact compensation. Those aiming to maximize their earnings in Broomfield might consider focusing on building a diverse clientele, emphasizing commercial lines, and pursuing relevant industry certifications like CPCU or CIC to improve their marketability and appeal to higher-paying employers.
More salary data for Broomfield, CO:
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 $57,745 for insurance agentsin the Broomfield 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 Broomfield 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