Insurance Agent Salary in Lexington, MA: $75,791 (2026)
Quick Answer:A full-time insurance agent in Lexington, MA earns a median $75,791/year (≈ $36.44/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Lexington's price level (9% above national, BEA RPP 108.5), that paycheck buys what $69,853 would nationally. Nominal pay sits 4.3% below the Massachusetts state average.
Based on BLS state-level estimates · View source
In Lexington, Massachusetts, insurance agents benefit from a robust earning potential, with the projected median annual salary hitting $75,791 in 2026. This figure significantly exceeds the national average of $64,522, highlighting the lucrative opportunities available in this local market. Salary estimates reveal a broad range, with entry-level positions starting at approximately $48,279, while top performers can earn up to $117,475. These projections are derived from BLS state-level data and adjusted for regional price parity, reflecting both the competitive dynamics of the local job market and the compounding economics of renewal commissions, which are pivotal for driving long-term compensation.
About the Lexington Market
Salary estimated from Massachusetts average ($82,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $48,279 | $23.21 |
| Lower Range (P25) | $58,641 | $28.19 |
| Median (P50)(typical) | $75,791 | $36.44 |
| Upper Range (P75) | $97,012 | $46.64 |
| Top Earners (P90) | $117,475 | $56.48 |
Median Salary Position
17.47% above the national average
2026 Salary Percentile Distribution in Lexington
In Lexington, MA, the insurance agent salary spread from the 10th to 90th percentile is $69,196 (2026 est.). At $75,791, the local median is 17.47% above the national median of $64,522.
Salary Calculator
At 40 hours/week in Lexington: You'd be in the lower-middle range
How Lexington Insurance Agent Pay Compares
Lexington median: $75,791/year (2026)
| Compared To | Median Salary | Lexington Pays |
|---|---|---|
| Massachusetts Average | $79,196 | -4.30% less |
| National Average | $64,522 | +17.47% more |
Insurance Agents in Lexington, MA earn a median of $75,791 per year (2026 est.), which is 17.47% higher than the national median of $64,522 and 4.30% below the Massachusetts state average of $79,196.
Cost-of-Living Adjusted Salary
Lexington has a cost of living 8.50% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Lexington, MA has a cost-of-living index of 108.5 (above the national average of 100). While the nominal salary of $75,791 is competitive, the higher cost of living reduces purchasing power to an effective $69,853 — a 7.83% reduction.
Compare Purchasing Power
Select a city to see how your salary compares after cost of living
Select a city above to compare purchasing power
2019 BLS Actual
$59,837
2025 BLS Actual
$73,157
2026 Current Est.
$75,791
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Lexington (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $59,837 | Actual |
| 2020 | $61,293 | Actual |
| 2021 | $58,544 | Actual |
| 2022 | $67,965 | Actual |
| 2023 | $69,398 | Actual |
| 2024 | $85,165 | Actual |
| 2025 | $73,157 | Actual |
| 2026(current) | $75,791 | Estimated |
| 2027 | $78,519 | Projected |
Based on 7 years of BLS OEWS data for the Lexington metropolitan area, the median insurance agent salary grew 22.3% from $59,837 (2019) to $73,157 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $78,519 by 2027 — a total increase of $18,682 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Lexington 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) | $48,279 – $58,641 |
| 3-5 years (Mid Career) | $58,641 – $75,791 |
| 5+ years (Experienced) | $75,791 – $97,012 |
| 10+ years (Top Earner) | $97,012 – $117,475 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Lexington
The insurance agent market in Lexington currently comprises six employed professionals, indicating a small but potentially thriving sector. With a cost of living index of 108.5, the purchasing power of agents is slightly above the national average. This factor must be considered when evaluating insurance agent pay in Lexington, MA, particularly within the context of varying employer compensation strategies. Higher salaries are typically offered by large brokerages focusing on commercial lines, which can yield commissions five to ten times greater than personal lines sales. Captive agents may find competitive initial salaries with firms like State Farm and Allstate but face caps on earnings as they depend on company policies. To maximize earnings in this market, agents should focus on expanding their book of business and leveraging their network to gain long-term clients, enhancing their renewal commissions and overall financial success.
More salary data for Lexington, MA:
Frequently Asked Questions
How much do insurance agents make in Lexington, MA in 2026?
Is Lexington, MA a good place to work as a insurance agent?
Can insurance agents make $100K in Lexington?
What is the cost-of-living adjusted insurance agent salary in Lexington?
How much does a insurance agent make per hour in Lexington?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in Massachusetts
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 $73,157 for insurance agentsin the Lexington 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 Lexington 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