Insurance Agent Salary in Annapolis, MD: $68,979 (2026)
Quick Answer:A full-time insurance agent in Annapolis, MD earns a median $68,979/year (≈ $33.16/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Annapolis's price level (9% above national, BEA RPP 109.3), that paycheck buys what $63,110 would nationally. Nominal pay sits 2.2% below the Maryland state average.
Based on BLS state-level estimates · View source
In Annapolis, Maryland, the projected median annual salary for insurance agents in 2026 is $68,979, which indicates a stronger earning potential compared to the national median of $64,522. The salary range for local insurance agents spans from $40,990 at the 10th percentile to $106,917 at the 90th percentile, reflecting significant variance in income based on factors such as experience, specialization, and work environment. Estimates derived from BLS state-level data and adjusted for regional price parity suggest that the earning potential for insurance agents in Annapolis is quite viable, particularly for those engaged in commercial or specialty lines where commissions can dramatically outstrip those from personal lines. This dynamic emphasizes the value of choosing the right career path within the insurance sector in Annapolis.
About the Annapolis Market
Salary estimated from Maryland average ($68,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $40,990 | $19.70 |
| Lower Range (P25) | $50,976 | $24.51 |
| Median (P50)(typical) | $68,979 | $33.16 |
| Upper Range (P75) | $88,293 | $42.44 |
| Top Earners (P90) | $106,917 | $51.41 |
Median Salary Position
6.91% above the national average
2026 Salary Percentile Distribution in Annapolis
In Annapolis, MD, the insurance agent salary spread from the 10th to 90th percentile is $65,927 (2026 est.). At $68,979, the local median is 6.91% above the national median of $64,522.
Salary Calculator
At 40 hours/week in Annapolis: You'd be in the lower-middle range
How Annapolis Insurance Agent Pay Compares
Annapolis median: $68,979/year (2026)
| Compared To | Median Salary | Annapolis Pays |
|---|---|---|
| Maryland Average | $70,531 | -2.20% less |
| National Average | $64,522 | +6.91% more |
Insurance Agents in Annapolis, MD earn a median of $68,979 per year (2026 est.), which is 6.91% higher than the national median of $64,522 and 2.20% below the Maryland state average of $70,531.
Cost-of-Living Adjusted Salary
Annapolis has a cost of living 9.30% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Annapolis, MD has a cost-of-living index of 109.3 (above the national average of 100). While the nominal salary of $68,979 is competitive, the higher cost of living reduces purchasing power to an effective $63,110 — a 8.51% reduction.
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2019 BLS Actual
$54,459
2025 BLS Actual
$66,582
2026 Current Est.
$68,979
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Annapolis (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $54,459 | Actual |
| 2020 | $55,784 | Actual |
| 2021 | $53,283 | Actual |
| 2022 | $61,857 | Actual |
| 2023 | $63,161 | Actual |
| 2024 | $72,697 | Actual |
| 2025 | $66,582 | Actual |
| 2026(current) | $68,979 | Estimated |
| 2027 | $71,462 | Projected |
Based on 7 years of BLS OEWS data for the Annapolis metropolitan area, the median insurance agent salary grew 22.3% from $54,459 (2019) to $66,582 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $71,462 by 2027 — a total increase of $17,003 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Annapolis 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) | $40,990 – $50,976 |
| 3-5 years (Mid Career) | $50,976 – $68,979 |
| 5+ years (Experienced) | $68,979 – $88,293 |
| 10+ years (Top Earner) | $88,293 – $106,917 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Annapolis
The local job market for insurance agents in Annapolis includes approximately six professionals, yielding a competitive yet limited workforce. With a cost of living index at 109.3, agents must consider how their salaries translate into purchasing power. Captive agents working for companies like State Farm or Allstate tend to earn more due to their training investments and guaranteed commissions, but their upside potential is often capped. In contrast, independent agency ownership can lead to wider income gaps, particularly for agents with larger books of business or those focused on higher-commission commercial lines. The differences in pay stem from various factors, including agency type, product lines, and the complexity of client accounts. For agents entering this market, that means seeking opportunities to work with commercial accounts, pursuing additional credentials like the CPCU, or considering ownership stakes in independent firms to maximize earning potential in Annapolis.
More salary data for Annapolis, MD:
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 $66,582 for insurance agentsin the Annapolis 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 Annapolis 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