Insurance Agent Salary in Dracut, MA: $75,839 (2026)
Quick Answer:A full-time insurance agent in Dracut, MA earns a median $75,839/year (≈ $36.46/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Dracut's price level (9% above national, BEA RPP 108.5), that paycheck buys what $69,898 would nationally. Nominal pay sits 4.2% below the Massachusetts state average.
Based on BLS state-level estimates · View source
In 2026, the projected annual compensation for insurance agents in Dracut, Massachusetts, reaches a median of $75,839, which is notably higher than the national median of $64,522. This salary range spans from $48,710 at the 10th percentile to $117,551 at the 90th percentile, reflecting the diverse earning potential within the profession. These figures are derived from 2025 BLS data, adjusted for regional cost factors, and indicate a robust salary environment driven by the compounding economics of renewal commissions. Given the focus on client retention and relationship building in this field, the long-term potential for accumulating a book of business is substantial, positioning Dracut's insurance agents favorably in the local job market.
About the Dracut Market
Salary estimated from Massachusetts average ($82,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $48,710 | $23.41 |
| Lower Range (P25) | $58,737 | $28.24 |
| Median (P50)(typical) | $75,839 | $36.46 |
| Upper Range (P75) | $97,074 | $46.67 |
| Top Earners (P90) | $117,551 | $56.51 |
Median Salary Position
17.54% above the national average
2026 Salary Percentile Distribution in Dracut
In Dracut, MA, the insurance agent salary spread from the 10th to 90th percentile is $68,841 (2026 est.). At $75,839, the local median is 17.54% above the national median of $64,522.
Salary Calculator
At 40 hours/week in Dracut: You'd be in the lower-middle range
How Dracut Insurance Agent Pay Compares
Dracut median: $75,839/year (2026)
| Compared To | Median Salary | Dracut Pays |
|---|---|---|
| Massachusetts Average | $79,164 | -4.20% less |
| National Average | $64,522 | +17.54% more |
Insurance Agents in Dracut, MA earn a median of $75,839 per year (2026 est.), which is 17.54% higher than the national median of $64,522 and 4.20% below the Massachusetts state average of $79,164.
Cost-of-Living Adjusted Salary
Dracut has a cost of living 8.50% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Dracut, MA has a cost-of-living index of 108.5 (above the national average of 100). While the nominal salary of $75,839 is competitive, the higher cost of living reduces purchasing power to an effective $69,898 — a 7.83% reduction.
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2019 BLS Actual
$59,875
2025 BLS Actual
$73,204
2026 Current Est.
$75,839
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Dracut (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $59,875 | Actual |
| 2020 | $61,332 | Actual |
| 2021 | $58,582 | Actual |
| 2022 | $68,009 | Actual |
| 2023 | $69,443 | Actual |
| 2024 | $85,220 | Actual |
| 2025 | $73,204 | Actual |
| 2026(current) | $75,839 | Estimated |
| 2027 | $78,570 | Projected |
Based on 7 years of BLS OEWS data for the Dracut metropolitan area, the median insurance agent salary grew 22.3% from $59,875 (2019) to $73,204 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $78,570 by 2027 — a total increase of $18,695 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Dracut 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) | $48,710 – $58,737 |
| 3-5 years (Mid Career) | $58,737 – $75,839 |
| 5+ years (Experienced) | $75,839 – $97,074 |
| 10+ years (Top Earner) | $97,074 – $117,551 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Dracut
As of the current outlook, only six insurance agents are actively employed in Dracut, a fact that highlights the competitive nature of this regional market. The cost of living index in this area is elevated at 108.5, which means agents must consider how this impacts their take-home pay and purchasing power. Key local employers vary from captive insurance providers like State Farm and Allstate to independent agencies that may offer broader earning potential. The gap in salaries can be influenced by numerous factors, including the size of the book of business, the distinction between commercial and personal lines—which favours higher compensation for commercial lines—and the differences in commission structures offered by captive versus independent agencies. To optimize potential earnings, agents are advised to cultivate a diverse client portfolio and product range, as well as pursue credentials such as CPCU to enhance their marketability and earning capacity in Dracut's insurance sector.
More salary data for Dracut, 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 $73,204 for insurance agentsin the Dracut 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 Dracut 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