Insurance Agent Salary in Carpentersville, IL: $59,536 (2026)
Quick Answer:A full-time insurance agent in Carpentersville, IL earns a median $59,536/year (≈ $28.62/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Carpentersville's price level (3% below national, BEA RPP 97.1), that paycheck buys what $61,314 would nationally. Nominal pay sits 2.5% below the Illinois state average.
Based on BLS state-level estimates · View source
In 2026, the estimated median annual compensation for an insurance agent salary in Carpentersville is projected at $59,536. This figure reflects a competitive pay structure within the local job market, where earnings range from $38,191 at the 10th percentile to $92,281 at the 90th percentile. Interestingly, the local figures indicate a slight decrement of 7.73% compared to the national median of $64,522. While Carpentersville's insurance landscape has historically featured a strong representation of captive agents from well-known carriers like State Farm and Allstate, the independent agency and commercial brokerage sectors are gaining traction. This shift is indicative of broader trends in the industry, showcasing a dynamic employment environment for insurance professionals in the area.
About the Carpentersville Market
Salary estimated from Illinois average ($68,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $38,191 | $18.36 |
| Lower Range (P25) | $46,076 | $22.15 |
| Median (P50)(typical) | $59,536 | $28.62 |
| Upper Range (P75) | $76,206 | $36.63 |
| Top Earners (P90) | $92,281 | $44.36 |
Median Salary Position
7.73% below the national average
2026 Salary Percentile Distribution in Carpentersville
In Carpentersville, IL, the insurance agent salary spread from the 10th to 90th percentile is $54,090 (2026 est.). At $59,536, the local median is 7.73% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Carpentersville: You'd be in the lower-middle range
How Carpentersville Insurance Agent Pay Compares
Carpentersville median: $59,536/year (2026)
| Compared To | Median Salary | Carpentersville Pays |
|---|---|---|
| Illinois Average | $61,062 | -2.50% less |
| National Average | $64,522 | -7.73% less |
Insurance Agents in Carpentersville, IL earn a median of $59,536 per year (2026 est.), which is 7.73% lower than the national median of $64,522 and 2.50% below the Illinois state average of $61,062.
Cost-of-Living Adjusted Salary
Carpentersville has a cost of living 2.90% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Carpentersville, IL has a cost-of-living index of 97.1 (below the national average of 100). A insurance agent earning $59,536 nominally has purchasing power equivalent to $61,314 in an average-cost city — an effective 2.99% boost.
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2019 BLS Actual
$47,003
2025 BLS Actual
$57,467
2026 Current Est.
$59,536
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Carpentersville (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $47,003 | Actual |
| 2020 | $48,148 | Actual |
| 2021 | $45,988 | Actual |
| 2022 | $53,389 | Actual |
| 2023 | $54,514 | Actual |
| 2024 | $64,383 | Actual |
| 2025 | $57,467 | Actual |
| 2026(current) | $59,536 | Estimated |
| 2027 | $61,679 | Projected |
Based on 7 years of BLS OEWS data for the Carpentersville metropolitan area, the median insurance agent salary grew 22.3% from $47,003 (2019) to $57,467 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $61,679 by 2027 — a total increase of $14,676 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Carpentersville 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) | $38,191 – $46,076 |
| 3-5 years (Mid Career) | $46,076 – $59,536 |
| 5+ years (Experienced) | $59,536 – $76,206 |
| 10+ years (Top Earner) | $76,206 – $92,281 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Carpentersville
As of the latest estimates, there are just eight insurance agents currently employed in Carpentersville, suggesting a niche market with specific demand. With a cost of living index of 97.1, the purchasing power for insurance agents in Carpentersville remains relatively favorable compared to national averages. Agents working at captive carriers typically secure more stable, albeit capped, income, which contrasts with the higher profit potential found within independent agencies and large commercial brokerages. Pay disparities arise from various factors, including the size of an agent’s book of business and whether the focus is on commercial or personal lines. For those aiming to maximize their earnings, building a robust portfolio within commercial lines and seeking avenues for agency ownership could yield significant financial benefits in the competitive insurance agent pay landscape of Carpentersville, IL.
More salary data for Carpentersville, 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 $57,467 for insurance agentsin the Carpentersville 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 Carpentersville 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