Insurance Agent Salary in Billerica, MA: $76,675 (2026)
Quick Answer:A full-time insurance agent in Billerica, MA earns a median $76,675/year (≈ $36.86/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Billerica's price level (9% above national, BEA RPP 108.5), that paycheck buys what $70,668 would nationally. Nominal pay sits 3.2% below the Massachusetts state average.
Based on BLS state-level estimates · View source
In Billerica, Massachusetts, the insurance agent salary reflects a competitive market with a median annual pay of $76,675, notably exceeding the national median of $64,522. The salary range for agents in the area spans from $44,471 at the 10th percentile to $118,847 at the 90th percentile, illustrating a diverse earning potential influenced by various factors such as the type of insurance lines handled. Estimates derived from 2025 BLS data, projected to 2026, indicate that agents focusing on commercial or specialty lines can expect higher commissions compared to those working in personal lines, which can significantly affect their overall compensation. With a modest annual growth rate of 3.60%, Billerica's insurance job market presents a robust opportunity for both newcomers and experienced professionals seeking to expand their earnings.
About the Billerica Market
Salary estimated from Massachusetts average ($82,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $44,471 | $21.38 |
| Lower Range (P25) | $60,402 | $29.04 |
| Median (P50)(typical) | $76,675 | $36.86 |
| Upper Range (P75) | $98,144 | $47.19 |
| Top Earners (P90) | $118,847 | $57.14 |
Median Salary Position
18.84% above the national average
2026 Salary Percentile Distribution in Billerica
In Billerica, MA, the insurance agent salary spread from the 10th to 90th percentile is $74,376 (2026 est.). At $76,675, the local median is 18.84% above the national median of $64,522.
Salary Calculator
At 40 hours/week in Billerica: You'd be in the lower-middle range
How Billerica Insurance Agent Pay Compares
Billerica median: $76,675/year (2026)
| Compared To | Median Salary | Billerica Pays |
|---|---|---|
| Massachusetts Average | $79,210 | -3.20% less |
| National Average | $64,522 | +18.84% more |
Insurance Agents in Billerica, MA earn a median of $76,675 per year (2026 est.), which is 18.84% higher than the national median of $64,522 and 3.20% below the Massachusetts state average of $79,210.
Cost-of-Living Adjusted Salary
Billerica has a cost of living 8.50% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Billerica, MA has a cost-of-living index of 108.5 (above the national average of 100). While the nominal salary of $76,675 is competitive, the higher cost of living reduces purchasing power to an effective $70,668 — a 7.83% reduction.
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2019 BLS Actual
$60,535
2025 BLS Actual
$74,011
2026 Current Est.
$76,675
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Billerica (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $60,535 | Actual |
| 2020 | $62,009 | Actual |
| 2021 | $59,228 | Actual |
| 2022 | $68,758 | Actual |
| 2023 | $70,208 | Actual |
| 2024 | $86,159 | Actual |
| 2025 | $74,011 | Actual |
| 2026(current) | $76,675 | Estimated |
| 2027 | $79,436 | Projected |
Based on 7 years of BLS OEWS data for the Billerica metropolitan area, the median insurance agent salary grew 22.3% from $60,535 (2019) to $74,011 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $79,436 by 2027 — a total increase of $18,901 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Billerica 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) | $44,471 – $60,402 |
| 3-5 years (Mid Career) | $60,402 – $76,675 |
| 5+ years (Experienced) | $76,675 – $98,144 |
| 10+ years (Top Earner) | $98,144 – $118,847 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Billerica
The local job market for insurance agents in Billerica, MA, currently employs seven agents, providing a tight-knit community for professionals in the field. However, with a cost-of-living index of 108.5, the elevated living expenses can impact take-home pay and purchasing power. Captive agents working for major carriers such as State Farm and Allstate tend to have more stable, albeit potentially capped, compensation compared to independent agents and larger brokerages that often offer higher earning potential through their wider commission structures. The earning disparity in Billerica is also influenced by factors such as the size of an agent's book of business and their focus on commercial lines, which tend to yield significantly higher commissions than personal lines. For those looking to maximize their insurance agent pay in Billerica, it’s advisable to cultivate a robust client base in commercial lines, pursue agency ownership opportunities, and consider obtaining recognized credentials like the CPCU to enhance credibility and appeal to larger firms.
More salary data for Billerica, MA:
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 $74,011 for insurance agentsin the Billerica 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 Billerica 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