Insurance Agent Salary in Holyoke, MA: $77,345 (2026)
Quick Answer:A full-time insurance agent in Holyoke, MA earns a median $77,345/year (≈ $37.18/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Holyoke's price level (9% above national, BEA RPP 108.5), that paycheck buys what $71,286 would nationally. Nominal pay sits 2.3% below the Massachusetts state average.
Based on BLS state-level estimates · View source
In 2026, the projected salary for an insurance agent in Holyoke, Massachusetts, is $77,345, showing a notable 19.87% increase when compared to the national median of $64,522. The salary range offers significant variability, with entry-level positions earning around $45,798 and top-tier agents potentially making up to $119,884. This gradient reflects the differences in commission structures between personal lines and commercial or specialty lines, with agents focused on business clients often receiving far higher payouts than those dealing with individual consumers. The salary figures presented are drawn from estimates based on 2025 BLS data, adjusted for local economic conditions, thereby offering a reliable view of the insurance agent salary in Holyoke.
About the Holyoke Market
Salary estimated from Massachusetts average ($82,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $45,798 | $22.02 |
| Lower Range (P25) | $57,038 | $27.42 |
| Median (P50)(typical) | $77,345 | $37.18 |
| Upper Range (P75) | $99,001 | $47.59 |
| Top Earners (P90) | $119,884 | $57.63 |
Median Salary Position
19.87% above the national average
2026 Salary Percentile Distribution in Holyoke
In Holyoke, MA, the insurance agent salary spread from the 10th to 90th percentile is $74,086 (2026 est.). At $77,345, the local median is 19.87% above the national median of $64,522.
Salary Calculator
At 40 hours/week in Holyoke: You'd be in the lower-middle range
How Holyoke Insurance Agent Pay Compares
Holyoke median: $77,345/year (2026)
| Compared To | Median Salary | Holyoke Pays |
|---|---|---|
| Massachusetts Average | $79,165 | -2.30% less |
| National Average | $64,522 | +19.87% more |
Insurance Agents in Holyoke, MA earn a median of $77,345 per year (2026 est.), which is 19.87% higher than the national median of $64,522 and 2.30% below the Massachusetts state average of $79,165.
Cost-of-Living Adjusted Salary
Holyoke has a cost of living 8.50% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Holyoke, MA has a cost-of-living index of 108.5 (above the national average of 100). While the nominal salary of $77,345 is competitive, the higher cost of living reduces purchasing power to an effective $71,286 — a 7.83% reduction.
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2019 BLS Actual
$61,063
2025 BLS Actual
$74,657
2026 Current Est.
$77,345
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Holyoke (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $61,063 | Actual |
| 2020 | $62,550 | Actual |
| 2021 | $59,745 | Actual |
| 2022 | $69,359 | Actual |
| 2023 | $70,821 | Actual |
| 2024 | $86,912 | Actual |
| 2025 | $74,657 | Actual |
| 2026(current) | $77,345 | Estimated |
| 2027 | $80,129 | Projected |
Based on 7 years of BLS OEWS data for the Holyoke metropolitan area, the median insurance agent salary grew 22.3% from $61,063 (2019) to $74,657 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $80,129 by 2027 — a total increase of $19,066 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Holyoke 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) | $45,798 – $57,038 |
| 3-5 years (Mid Career) | $57,038 – $77,345 |
| 5+ years (Experienced) | $77,345 – $99,001 |
| 10+ years (Top Earner) | $99,001 – $119,884 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Holyoke
A localized job market showcases seven insurance agents currently employed in Holyoke, MA. However, with a cost-of-living index of 108.5, professionals in this field must consider how living expenses impact their overall compensation. Captive agents from well-known carriers like State Farm and Allstate may find steady pay, while independent agents and those working for large brokerages generally capitalize on more lucrative commission opportunities from commercial lines. The disparity in earnings arises from several factors including the size of one's book of business and whether they focus on commercial versus personal lines, as commercial accounts can yield 5-10 times the commission per policy. Effective strategies for agents seeking to enhance their earnings should include expanding their commercial line offerings and seeking opportunities with larger brokerages that offer robust support and training programs, thereby countering the static limitations often found in captive agency models.
More salary data for Holyoke, 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 $74,657 for insurance agentsin the Holyoke 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 Holyoke 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