Insurance Agent Salary in Augusta, ME: $60,599 (2026)
Quick Answer:A full-time insurance agent in Augusta, ME earns a median $60,599/year (≈ $29.13/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Augusta's price level (0% above national, BEA RPP 99.6), that paycheck buys what $60,842 would nationally. Nominal pay sits 5.7% below the Maine state average.
Based on BLS state-level estimates · View source
In Augusta, Maine, the projected insurance agent salary for 2026 stands at $60,599, which reflects a slight decrease compared to the national median of $64,522. Compensation for insurance agents in this city has a diverse range, with earnings estimated from $39,899 at the 10th percentile to as high as $93,928 for those on the 90th percentile. These figures are based on projections derived from 2025 BLS state-level data and adjusted for regional price parity. The job market in Augusta features a blend of opportunities across various employment structures, including captive agents with single carriers like State Farm and Allstate, independent agencies, and commercial brokerages. Understanding the nuances of this market can provide valuable insights for aspiring agents regarding potential earnings in Augusta, ME.
About the Augusta Market
Salary estimated from Maine average ($58,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $39,899 | $19.19 |
| Lower Range (P25) | $47,485 | $22.83 |
| Median (P50)(typical) | $60,599 | $29.13 |
| Upper Range (P75) | $77,566 | $37.30 |
| Top Earners (P90) | $93,928 | $45.16 |
Median Salary Position
6.08% below the national average
2026 Salary Percentile Distribution in Augusta
In Augusta, ME, the insurance agent salary spread from the 10th to 90th percentile is $54,029 (2026 est.). At $60,599, the local median is 6.08% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Augusta: You'd be in the lower-middle range
How Augusta Insurance Agent Pay Compares
Augusta median: $60,599/year (2026)
| Compared To | Median Salary | Augusta Pays |
|---|---|---|
| Maine Average | $64,262 | -5.70% less |
| National Average | $64,522 | -6.08% less |
Insurance Agents in Augusta, ME earn a median of $60,599 per year (2026 est.), which is 6.08% lower than the national median of $64,522 and 5.70% below the Maine state average of $64,262.
Cost-of-Living Adjusted Salary
Augusta has a cost of living 0.40% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Augusta, ME has a cost-of-living index of 99.6 (below the national average of 100). A insurance agent earning $60,599 nominally has purchasing power equivalent to $60,842 in an average-cost city — an effective 0.4% boost.
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2019 BLS Actual
$47,843
2025 BLS Actual
$58,493
2026 Current Est.
$60,599
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Augusta (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $47,843 | Actual |
| 2020 | $49,007 | Actual |
| 2021 | $46,809 | Actual |
| 2022 | $54,342 | Actual |
| 2023 | $55,488 | Actual |
| 2024 | $54,474 | Actual |
| 2025 | $58,493 | Actual |
| 2026(current) | $60,599 | Estimated |
| 2027 | $62,780 | Projected |
Based on 7 years of BLS OEWS data for the Augusta metropolitan area, the median insurance agent salary grew 22.3% from $47,843 (2019) to $58,493 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $62,780 by 2027 — a total increase of $14,937 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Augusta 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) | $39,899 – $47,485 |
| 3-5 years (Mid Career) | $47,485 – $60,599 |
| 5+ years (Experienced) | $60,599 – $77,566 |
| 10+ years (Top Earner) | $77,566 – $93,928 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Augusta
The local insurance job market employs just four agents, indicating a niche sector where competition and specialization are key. The cost-of-living index in Augusta is 99.6, slightly below the national average, meaning that salary figures must be assessed in light of local purchasing power. Captive agents from major firms typically find stable initial pay structures, while independent agencies and commercial brokerages often yield higher commissions—especially in commercial lines, which can pay 5 to 10 times more than personal auto policies. Factors such as renewal commissions, agency ownership equity, and the size of an agent's book of business play significant roles in determining compensation. To maximize earnings, agents should consider building expansive networks and focusing on commercial accounts where commissions are compounded over time, aligning their strategies with the evolving dynamics in Augusta's insurance market.
More salary data for Augusta, ME:
Frequently Asked Questions
How much do insurance agents make in Augusta, ME in 2026?
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Can insurance agents make $100K in Augusta?
What is the cost-of-living adjusted insurance agent salary in Augusta?
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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 $58,493 for insurance agentsin the Augusta 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 Augusta 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