Insurance Agent Salary in Bloomington, IL: $84,993 (2026)
Quick Answer:A full-time insurance agent in Bloomington, IL earns a median $84,993/year (≈ $40.86/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Bloomington's price level (6% below national, BEA RPP 93.5), that paycheck buys what $90,866 would nationally. Nominal pay sits 39.2% above the Illinois state average.
Official BLS data · View source
In 2026, the median annual salary for insurance agents in Bloomington, Illinois, is projected to be $84,993. This figure reflects a competitive compensation level, significantly higher than the national median of $64,522, showcasing a premium of approximately 31.73%. The salary range for these professionals spans from $44,351 at the 10th percentile to $185,154 at the 90th percentile, indicating a broad spectrum of income potential within the industry. This data is derived from the Bureau of Labor Statistics (BLS) OEWS surveys, which reveals the impact of local employment structures—predominantly featuring agents from both captive firms like State Farm and Allstate and independent agencies. As the market evolves, understanding the factors that influence compensation will be essential for prospective insurance agents in Bloomington.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $44,351 | $21.32 |
| Lower Range (P25) | $58,254 | $28.00 |
| Median (P50)(typical) | $84,993 | $40.86 |
| Upper Range (P75) | $105,931 | $50.93 |
| Top Earners (P90) | $185,154 | $89.01 |
Median Salary Position
31.73% above the national average
2026 Salary Percentile Distribution in Bloomington
In Bloomington, IL, the insurance agent salary spread from the 10th to 90th percentile is $140,803 (2026 est.). At $84,993, the local median is 31.73% above the national median of $64,522.
Salary Calculator
At 40 hours/week in Bloomington: You'd be in the lower-middle range
How Bloomington Insurance Agent Pay Compares
Bloomington median: $84,993/year (2026)
| Compared To | Median Salary | Bloomington Pays |
|---|---|---|
| Illinois Average | $61,059 | +39.20% more |
| National Average | $64,522 | +31.73% more |
Insurance Agents in Bloomington, IL earn a median of $84,993 per year (2026 est.), which is 31.73% higher than the national median of $64,522 and 39.20% above the Illinois state average of $61,059.
Cost-of-Living Adjusted Salary
Bloomington has a cost of living 6.46% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Bloomington, IL has a cost-of-living index of 93.537 (below the national average of 100). A insurance agent earning $84,993 nominally has purchasing power equivalent to $90,866 in an average-cost city — an effective 6.91% boost.
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2019 BLS Actual
$38,500
2025 BLS Actual
$82,040
2026 Current Est.
$84,993
2019–2027 Growth
+128.7%
Salary Trajectory for Insurance Agents in Bloomington (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $38,500 | Actual |
| 2020 | $38,600 | Actual |
| 2021 | $38,210 | Actual |
| 2022 | $62,030 | Actual |
| 2023 | $56,550 | Actual |
| 2024 | $70,960 | Actual |
| 2025 | $82,040 | Actual |
| 2026(current) | $84,993 | Estimated |
| 2027 | $88,053 | Projected |
Based on 7 years of BLS OEWS data for the Bloomington metropolitan area, the median insurance agent salary grew 113.1% from $38,500 (2019) to $82,040 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $88,053 by 2027 — a total increase of $49,553 (128.71%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Bloomington 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) | $44,351 – $58,254 |
| 3-5 years (Mid Career) | $58,254 – $84,993 |
| 5+ years (Experienced) | $84,993 – $105,931 |
| 10+ years (Top Earner) | $105,931 – $185,154 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Bloomington
With about 780 insurance agents currently employed in Bloomington, the local market demonstrates robust demand in this profession. The cost of living index stands at 93.537, suggesting that residents may enjoy a higher disposable income compared to areas with a higher cost of living. Captive carriers tend to offer higher starting salaries and structured training programs, but they may limit overall earnings potential. In contrast, independent agencies and large commercial brokerages often lead to higher commission structures, especially in lucrative commercial lines. Factors driving the variation in compensation include the size of the agent's book of business, the type of insurance sold, and whether the agent operates as captive or independent. Agents looking to maximize their pay should focus on building a substantial client base, exploring opportunities in commercial insurance lines, and considering agency ownership to leverage long-term earnings potential.
More salary data for Bloomington, IL:
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 $82,040 for insurance agentsin the Bloomington 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
Source: BLS, OEWS, 7-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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