Insurance Agent Salary in Nicholasville, KY: $60,148 (2026)
Quick Answer:A full-time insurance agent in Nicholasville, KY earns a median $60,148/year (≈ $28.91/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Nicholasville's price level (11% below national, BEA RPP 89.3), that paycheck buys what $67,355 would nationally. Nominal pay sits 1.5% below the Kentucky state average.
Based on BLS state-level estimates · View source
In 2026, insurance agents in Nicholasville, Kentucky, can expect a median annual salary of $60,148, indicating a comparatively favorable position within the industry despite being 6.78% lower than the national median salary of $64,522. The salary range for these professionals spans from $36,370 at the 10th percentile to $93,230 at the 90th percentile. These projections, derived from 2025 BLS data adjusted for regional price parity, reflect a local market that heavily relies on business-building strategies, where renewal commissions can significantly augment long-term earnings. The dynamics of the insurance market in Nicholasville suggest an environment where building a solid book of business is essential to maximizing compensation.
About the Nicholasville Market
Salary estimated from Kentucky average ($52,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $36,370 | $17.49 |
| Lower Range (P25) | $44,973 | $21.62 |
| Median (P50)(typical) | $60,148 | $28.91 |
| Upper Range (P75) | $76,989 | $37.02 |
| Top Earners (P90) | $93,230 | $44.82 |
Median Salary Position
6.78% below the national average
2026 Salary Percentile Distribution in Nicholasville
In Nicholasville, KY, the insurance agent salary spread from the 10th to 90th percentile is $56,860 (2026 est.). At $60,148, the local median is 6.78% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Nicholasville: You'd be in the lower-middle range
How Nicholasville Insurance Agent Pay Compares
Nicholasville median: $60,148/year (2026)
| Compared To | Median Salary | Nicholasville Pays |
|---|---|---|
| Kentucky Average | $61,064 | -1.50% less |
| National Average | $64,522 | -6.78% less |
Insurance Agents in Nicholasville, KY earn a median of $60,148 per year (2026 est.), which is 6.78% lower than the national median of $64,522 and 1.50% below the Kentucky state average of $61,064.
Cost-of-Living Adjusted Salary
Nicholasville 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.
Nicholasville, KY has a cost-of-living index of 89.3 (below the national average of 100). A insurance agent earning $60,148 nominally has purchasing power equivalent to $67,355 in an average-cost city — an effective 11.98% boost.
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2019 BLS Actual
$47,487
2025 BLS Actual
$58,058
2026 Current Est.
$60,148
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Nicholasville (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $47,487 | Actual |
| 2020 | $48,643 | Actual |
| 2021 | $46,461 | Actual |
| 2022 | $53,938 | Actual |
| 2023 | $55,075 | Actual |
| 2024 | $45,733 | Actual |
| 2025 | $58,058 | Actual |
| 2026(current) | $60,148 | Estimated |
| 2027 | $62,313 | Projected |
Based on 7 years of BLS OEWS data for the Nicholasville metropolitan area, the median insurance agent salary grew 22.3% from $47,487 (2019) to $58,058 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $62,313 by 2027 — a total increase of $14,826 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Nicholasville 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) | $36,370 – $44,973 |
| 3-5 years (Mid Career) | $44,973 – $60,148 |
| 5+ years (Experienced) | $60,148 – $76,989 |
| 10+ years (Top Earner) | $76,989 – $93,230 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Nicholasville
Currently, there are only six insurance agents employed in Nicholasville, highlighting a concentrated job market that could present unique opportunities for those looking to enter the field. With a cost-of-living index of 89.3, residents benefit from relatively affordable living conditions, which can enhance overall purchasing power despite the lower average salary figures. Among local employers, captive agents in established companies like State Farm and Allstate may provide more structured pay but could cap earnings potential compared to independent agencies and larger brokerages, which often offer higher commission rates for commercial lines. For aspiring insurance professionals, focusing on building their own agency or joining independent firms could be effective strategies for maximizing their potential earnings in this tight-knit market. Understanding how to navigate client relationships and leveraging commission structures will be key differentiators in income for those looking to succeed in Nicholasville's insurance landscape.
More salary data for Nicholasville, 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 $58,058 for insurance agentsin the Nicholasville 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 Nicholasville 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