Insurance Agent Salary in Smyrna, DE: $60,791 (2026)
Quick Answer:A full-time insurance agent in Smyrna, DE earns a median $60,791/year (≈ $29.23/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Smyrna's price level (2% above national, BEA RPP 101.7), that paycheck buys what $59,775 would nationally. Nominal pay sits 7.4% below the Delaware state average.
Based on BLS state-level estimates · View source
In Smyrna, Delaware, the compensation for insurance agents reflects a promising median annual salary of $60,791, which falls short of the national median of $64,522 by 5.78%. The local salary range for agents extends from $40,092 at the 10th percentile to $94,226 at the 90th percentile, showcasing a significant divergence in earnings based on agency type and clientele. These projections, derived from 2025 BLS data and adjusted for regional economic factors, highlight the competitive nature of the insurance market in Smyrna, where personal lines earners may earn less compared to those in commercial or specialty lines. Such distinctions are critical for both new and seasoned agents as they navigate their career paths.
About the Smyrna Market
Salary estimated from Delaware average ($62,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $40,092 | $19.28 |
| Lower Range (P25) | $47,684 | $22.93 |
| Median (P50)(typical) | $60,791 | $29.23 |
| Upper Range (P75) | $77,813 | $37.41 |
| Top Earners (P90) | $94,226 | $45.30 |
Median Salary Position
5.78% below the national average
2026 Salary Percentile Distribution in Smyrna
In Smyrna, DE, the insurance agent salary spread from the 10th to 90th percentile is $54,134 (2026 est.). At $60,791, the local median is 5.78% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Smyrna: You'd be in the lower-middle range
How Smyrna Insurance Agent Pay Compares
Smyrna median: $60,791/year (2026)
| Compared To | Median Salary | Smyrna Pays |
|---|---|---|
| Delaware Average | $65,650 | -7.40% less |
| National Average | $64,522 | -5.78% less |
Insurance Agents in Smyrna, DE earn a median of $60,791 per year (2026 est.), which is 5.78% lower than the national median of $64,522 and 7.40% below the Delaware state average of $65,650.
Cost-of-Living Adjusted Salary
Smyrna has a cost of living 1.70% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Smyrna, DE has a cost-of-living index of 101.7 (above the national average of 100). While the nominal salary of $60,791 is competitive, the higher cost of living reduces purchasing power to an effective $59,775 — a 1.67% reduction.
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2019 BLS Actual
$47,995
2025 BLS Actual
$58,679
2026 Current Est.
$60,791
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Smyrna (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $47,995 | Actual |
| 2020 | $49,163 | Actual |
| 2021 | $46,958 | Actual |
| 2022 | $54,515 | Actual |
| 2023 | $55,664 | Actual |
| 2024 | $58,415 | Actual |
| 2025 | $58,679 | Actual |
| 2026(current) | $60,791 | Estimated |
| 2027 | $62,980 | Projected |
Based on 7 years of BLS OEWS data for the Smyrna metropolitan area, the median insurance agent salary grew 22.3% from $47,995 (2019) to $58,679 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $62,980 by 2027 — a total increase of $14,985 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Smyrna 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) | $40,092 – $47,684 |
| 3-5 years (Mid Career) | $47,684 – $60,791 |
| 5+ years (Experienced) | $60,791 – $77,813 |
| 10+ years (Top Earner) | $77,813 – $94,226 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Smyrna
Economic conditions in Smyrna suggest a stable job market for insurance agents, with five currently employed in the area. The local cost of living index sits at 101.7, slightly above the national average, which impacts take-home pay and purchasing power. Those looking for the highest insurance agent pay in Smyrna DE might find opportunities with captive agents at major carriers like State Farm and Allstate, while independent agencies and commercial brokerages often provide greater potential for earnings based on business volume and renewal commissions. Factors driving the disparity in salaries include the agency model—captive agents often have guaranteed income but limited commission potential compared to independent agents. Furthermore, success in this market involves leveraging relationships and seeking out larger commercial accounts, where commission rates can be significantly higher than those for personal lines, offering agents a pathway to maximize their income in a competitive environment.
More salary data for Smyrna, DE:
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 $58,679 for insurance agentsin the Smyrna 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 Smyrna 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