Insurance Agent Salary in Madisonville, KY: $58,182 (2026)
Quick Answer:A full-time insurance agent in Madisonville, KY earns a median $58,182/year (≈ $27.97/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Madisonville's price level (11% below national, BEA RPP 89.3), that paycheck buys what $65,153 would nationally. Nominal pay sits 4.7% below the Kentucky state average.
Based on BLS state-level estimates · View source
Insurance agents in Madisonville, Kentucky, can expect a median annual salary of $58,182 in 2026, reflecting a competitive local market for this essential role in the financial services industry. The salary range stretches from $36,184 at the 10th percentile to $90,182 for the 90th percentile, allowing for significant earning potential based on performance and client portfolios. These figures are derived from state-level BLS data, adjusted for regional cost considerations, indicating that while local salaries are somewhat below the national median of $64,522, agents can still build substantial incomes through renewal commissions and client retention in a community-oriented environment. For those exploring an insurance agent career in Madisonville, the ability to cultivate a robust book of business will be pivotal in driving both immediate and long-term income growth.
About the Madisonville Market
Salary estimated from Kentucky average ($52,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $36,184 | $17.39 |
| Lower Range (P25) | $44,047 | $21.18 |
| Median (P50)(typical) | $58,182 | $27.97 |
| Upper Range (P75) | $74,473 | $35.80 |
| Top Earners (P90) | $90,182 | $43.36 |
Median Salary Position
9.83% below the national average
2026 Salary Percentile Distribution in Madisonville
In Madisonville, KY, the insurance agent salary spread from the 10th to 90th percentile is $53,998 (2026 est.). At $58,182, the local median is 9.83% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Madisonville: You'd be in the lower-middle range
How Madisonville Insurance Agent Pay Compares
Madisonville median: $58,182/year (2026)
| Compared To | Median Salary | Madisonville Pays |
|---|---|---|
| Kentucky Average | $61,051 | -4.70% less |
| National Average | $64,522 | -9.83% less |
Insurance Agents in Madisonville, KY earn a median of $58,182 per year (2026 est.), which is 9.83% lower than the national median of $64,522 and 4.70% below the Kentucky state average of $61,051.
Cost-of-Living Adjusted Salary
Madisonville has a cost of living 10.70% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Madisonville, KY has a cost-of-living index of 89.3 (below the national average of 100). A insurance agent earning $58,182 nominally has purchasing power equivalent to $65,153 in an average-cost city — an effective 11.98% boost.
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2019 BLS Actual
$45,934
2025 BLS Actual
$56,160
2026 Current Est.
$58,182
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Madisonville (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $45,934 | Actual |
| 2020 | $47,052 | Actual |
| 2021 | $44,942 | Actual |
| 2022 | $52,174 | Actual |
| 2023 | $53,274 | Actual |
| 2024 | $44,238 | Actual |
| 2025 | $56,160 | Actual |
| 2026(current) | $58,182 | Estimated |
| 2027 | $60,276 | Projected |
Based on 7 years of BLS OEWS data for the Madisonville metropolitan area, the median insurance agent salary grew 22.3% from $45,934 (2019) to $56,160 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $60,276 by 2027 — a total increase of $14,342 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Madisonville 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) | $36,184 – $44,047 |
| 3-5 years (Mid Career) | $44,047 – $58,182 |
| 5+ years (Experienced) | $58,182 – $74,473 |
| 10+ years (Top Earner) | $74,473 – $90,182 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Madisonville
In Madisonville, the local job market currently employs five insurance agents, offering a unique opportunity for individuals aiming to enter this profession. With a cost-of-living index of 89.3, agents may find that their take-home pay stretches further compared to cities with higher living costs, enhancing their overall quality of life. Employers in the area include both captive agents for major carriers like State Farm and Allstate and independent agencies, each influencing pay scales differently. Captive agents often receive post-sign-on bonuses and training support but might face capped earning potential, unlike their independent counterparts who can diversify their services and tap into multiple carriers. Overall compensation discrepancies can also arise from the types of lines agents focus on; those specializing in commercial insurance might experience significantly higher commissions than those in personal lines. To maximize their earnings, aspiring agents in Madisonville should aim to develop their own book of business and explore opportunities with larger brokerages, which may provide greater revenue-sharing potential.
More salary data for Madisonville, KY:
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 $56,160 for insurance agentsin the Madisonville 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 Madisonville 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