Insurance Agent Salary in Bloomington, IN: $63,279 (2026)
Quick Answer:A full-time insurance agent in Bloomington, IN earns a median $63,279/year (≈ $30.43/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Bloomington's price level (5% below national, BEA RPP 95.1), that paycheck buys what $66,551 would nationally. Nominal pay sits 4.4% above the Indiana state average.
Official BLS data · View source
In Bloomington, Indiana, the earning potential for insurance agents reflects both the local economic dynamics and the compounding nature of this profession's commission structure. With a projected median annual salary of $63,279 for 2026, insurance agents in this area can expect to earn between $38,829 and $137,974, depending on their experience and client base. These figures, derived from official Bureau of Labor Statistics (BLS) OEWS surveys, indicate a competitive compensation landscape for those navigating the complexities of policies and client retention. The significant earnings variations illustrate the importance of building a robust book of business, as renewal commissions can substantially enhance long-term income stability for agents operating in this market.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $38,829 | $18.67 |
| Lower Range (P25) | $51,655 | $24.83 |
| Median (P50)(typical) | $63,279 | $30.43 |
| Upper Range (P75) | $99,197 | $47.70 |
| Top Earners (P90) | $137,974 | $66.34 |
Median Salary Position
1.93% below the national average
2026 Salary Percentile Distribution in Bloomington
In Bloomington, IN, the insurance agent salary spread from the 10th to 90th percentile is $99,145 (2026 est.). At $63,279, the local median is 1.93% below 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: $63,279/year (2026)
| Compared To | Median Salary | Bloomington Pays |
|---|---|---|
| Indiana Average | $60,612 | +4.40% more |
| National Average | $64,522 | -1.93% less |
Insurance Agents in Bloomington, IN earn a median of $63,279 per year (2026 est.), which is 1.93% lower than the national median of $64,522 and 4.40% above the Indiana state average of $60,612.
Cost-of-Living Adjusted Salary
Bloomington has a cost of living 4.92% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Bloomington, IN has a cost-of-living index of 95.084 (below the national average of 100). A insurance agent earning $63,279 nominally has purchasing power equivalent to $66,551 in an average-cost city — an effective 5.17% boost.
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2019 BLS Actual
$35,460
2025 BLS Actual
$61,080
2026 Current Est.
$63,279
2019–2027 Growth
+84.9%
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 | $35,460 | Actual |
| 2020 | $35,840 | Actual |
| 2021 | $38,500 | Actual |
| 2022 | $52,100 | Actual |
| 2023 | $49,220 | Actual |
| 2024 | $61,380 | Actual |
| 2025 | $61,080 | Actual |
| 2026(current) | $63,279 | Estimated |
| 2027 | $65,557 | Projected |
Based on 7 years of BLS OEWS data for the Bloomington metropolitan area, the median insurance agent salary grew 72.3% from $35,460 (2019) to $61,080 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $65,557 by 2027 — a total increase of $30,097 (84.88%) 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) | $38,829 – $51,655 |
| 3-5 years (Mid Career) | $51,655 – $63,279 |
| 5+ years (Experienced) | $63,279 – $99,197 |
| 10+ years (Top Earner) | $99,197 – $137,974 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Bloomington
The job market in Bloomington is buoyed by the presence of about 200 insurance agents, providing a community where agents can thrive, especially considering the cost of living index of 95.084, which is below the national average. This favorable cost structure allows agents to enjoy a relatively higher take-home purchasing power compared to many other regions. The top pay typically comes from established captive agents at companies like State Farm and Allstate, which have traditionally dominated the local market. However, independent agencies and large commercial brokerages are also gaining traction, leading to competitive shifts in pay. Factors such as the nature of the policies sold—where commercial lines can yield 5-10 times the commissions compared to personal lines—play a crucial role in differentiating salaries. Agents in Bloomington can maximize their earnings by focusing on building a substantial book of business, shifting towards commercial lines, and exploring ownership opportunities within independent agencies to enhance their financial prospects.
More salary data for Bloomington, IN:
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 $61,080 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