Insurance Agent Salary in Odenton, MD: $67,884 (2026)
Quick Answer:A full-time insurance agent in Odenton, MD earns a median $67,884/year (≈ $32.63/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Odenton's price level (9% above national, BEA RPP 109.3), that paycheck buys what $62,108 would nationally. Nominal pay sits 3.7% below the Maryland state average.
Based on BLS state-level estimates · View source
Insurance agents in Odenton, Maryland, can expect a median annual salary projected at $67,884 for 2026, which represents a 5.21% advantage over the national median of $64,522. The salary range for agents in this area spans from $43,860 at the 10th percentile to $105,220 at the 90th percentile, reflecting the variations in commission structures, particularly between personal lines and commercial/specialty lines. Local estimates derived from BLS state-level data indicate competitive compensation, especially for those who navigate the intricate landscape of insurance offerings in a growing market like Odenton. Given the city's proximity to major urban centers, agents are poised to capitalize on opportunities, making it an appealing location for those seeking a career in insurance distribution.
About the Odenton Market
Salary estimated from Maryland average ($68,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $43,860 | $21.08 |
| Lower Range (P25) | $52,980 | $25.48 |
| Median (P50)(typical) | $67,884 | $32.63 |
| Upper Range (P75) | $86,891 | $41.77 |
| Top Earners (P90) | $105,220 | $50.59 |
Median Salary Position
5.21% above the national average
2026 Salary Percentile Distribution in Odenton
In Odenton, MD, the insurance agent salary spread from the 10th to 90th percentile is $61,360 (2026 est.). At $67,884, the local median is 5.21% above the national median of $64,522.
Salary Calculator
At 40 hours/week in Odenton: You'd be in the lower-middle range
How Odenton Insurance Agent Pay Compares
Odenton median: $67,884/year (2026)
| Compared To | Median Salary | Odenton Pays |
|---|---|---|
| Maryland Average | $70,492 | -3.70% less |
| National Average | $64,522 | +5.21% more |
Insurance Agents in Odenton, MD earn a median of $67,884 per year (2026 est.), which is 5.21% higher than the national median of $64,522 and 3.70% below the Maryland state average of $70,492.
Cost-of-Living Adjusted Salary
Odenton has a cost of living 9.30% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Odenton, MD has a cost-of-living index of 109.3 (above the national average of 100). While the nominal salary of $67,884 is competitive, the higher cost of living reduces purchasing power to an effective $62,108 — a 8.51% reduction.
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2019 BLS Actual
$53,594
2025 BLS Actual
$65,525
2026 Current Est.
$67,884
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Odenton (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $53,594 | Actual |
| 2020 | $54,899 | Actual |
| 2021 | $52,437 | Actual |
| 2022 | $60,875 | Actual |
| 2023 | $62,158 | Actual |
| 2024 | $71,543 | Actual |
| 2025 | $65,525 | Actual |
| 2026(current) | $67,884 | Estimated |
| 2027 | $70,328 | Projected |
Based on 7 years of BLS OEWS data for the Odenton metropolitan area, the median insurance agent salary grew 22.3% from $53,594 (2019) to $65,525 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $70,328 by 2027 — a total increase of $16,734 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Odenton 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) | $43,860 – $52,980 |
| 3-5 years (Mid Career) | $52,980 – $67,884 |
| 5+ years (Experienced) | $67,884 – $86,891 |
| 10+ years (Top Earner) | $86,891 – $105,220 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Odenton
With a relatively small cohort of only nine insurance agents currently employed in Odenton, competition for positions remains manageable, yet the potential for high earnings exists. The cost of living index in the area is at 109.3, slightly above the national average, which could impact take-home purchasing power. Agents working for large brokerage firms or independent agencies often earn more than those affiliated with traditional captive carriers like State Farm or Allstate due to varied commission structures. The disparity in earnings is primarily driven by the type of insurance sold; while commercial policies can command commissions five to ten times higher than personal lines, agents with a significant book of business also benefit from compounded renewal commissions. To maximize their potential earnings, aspiring agents in Odenton should focus on acquiring CPCU or CIC credentials and consider specializing in commercial lines or agency ownership, key factors that can enhance long-term income potential.
More salary data for Odenton, 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 $65,525 for insurance agentsin the Odenton 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 Odenton 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