Insurance Agent Salary in Lowell, MA: $79,396 (2026)
Quick Answer:A full-time insurance agent in Lowell, MA earns a median $79,396/year (≈ $38.17/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Lowell's price level (9% above national, BEA RPP 108.5), that paycheck buys what $73,176 would nationally. Nominal pay sits 0.3% above the Massachusetts state average.
Based on BLS state-level estimates · View source
In 2026, the insurance agent salary in Lowell, MA is projected to reach a median of $79,396, which is significantly higher than the national median of $64,522, marking a 23.05% increase. Salaries in the region span a range from $49,161 at the 10th percentile to $123,063 at the 90th percentile, indicating a pronounced salary disparity within the profession. This data, derived from regional price parity adjustments and state-level estimates based on 2025 BLS data, reflects the complex dynamics of the insurance market in Lowell. The local job market is characterized by a mix of captive agents from companies like State Farm and Allstate, independents, and large commercial brokerages, each presenting different salary structures.
About the Lowell Market
Salary estimated from Massachusetts average ($82,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $49,161 | $23.63 |
| Lower Range (P25) | $60,471 | $29.07 |
| Median (P50)(typical) | $79,396 | $38.17 |
| Upper Range (P75) | $101,626 | $48.86 |
| Top Earners (P90) | $123,063 | $59.17 |
Median Salary Position
23.05% above the national average
2026 Salary Percentile Distribution in Lowell
In Lowell, MA, the insurance agent salary spread from the 10th to 90th percentile is $73,902 (2026 est.). At $79,396, the local median is 23.05% above the national median of $64,522.
Salary Calculator
At 40 hours/week in Lowell: You'd be in the lower-middle range
How Lowell Insurance Agent Pay Compares
Lowell median: $79,396/year (2026)
| Compared To | Median Salary | Lowell Pays |
|---|---|---|
| Massachusetts Average | $79,158 | +0.30% more |
| National Average | $64,522 | +23.05% more |
Insurance Agents in Lowell, MA earn a median of $79,396 per year (2026 est.), which is 23.05% higher than the national median of $64,522 and 0.30% above the Massachusetts state average of $79,158.
Cost-of-Living Adjusted Salary
Lowell has a cost of living 8.50% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Lowell, MA has a cost-of-living index of 108.5 (above the national average of 100). While the nominal salary of $79,396 is competitive, the higher cost of living reduces purchasing power to an effective $73,176 — a 7.83% reduction.
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2019 BLS Actual
$62,683
2025 BLS Actual
$76,637
2026 Current Est.
$79,396
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Lowell (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $62,683 | Actual |
| 2020 | $64,209 | Actual |
| 2021 | $61,329 | Actual |
| 2022 | $71,198 | Actual |
| 2023 | $72,699 | Actual |
| 2024 | $89,216 | Actual |
| 2025 | $76,637 | Actual |
| 2026(current) | $79,396 | Estimated |
| 2027 | $82,254 | Projected |
Based on 7 years of BLS OEWS data for the Lowell metropolitan area, the median insurance agent salary grew 22.3% from $62,683 (2019) to $76,637 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $82,254 by 2027 — a total increase of $19,571 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Lowell 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) | $49,161 – $60,471 |
| 3-5 years (Mid Career) | $60,471 – $79,396 |
| 5+ years (Experienced) | $79,396 – $101,626 |
| 10+ years (Top Earner) | $101,626 – $123,063 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Lowell
With only 29 insurance agents employed in Lowell, the local job market's strength can be underscored by the relatively high cost of living, with a cost-of-living index of 108.5. This higher index impacts take-home pay, as the purchasing power in Lowell is diminished slightly compared to other regions. Captive agents often earn at the lower end of the salary spectrum but may benefit from initial bonuses and training programs, whereas independent agents and brokers in commercial lines tend to command higher commissions, often 5 to 10 times greater than those in personal lines. Furthermore, agency ownership and the size of a book of business can significantly influence earnings potential. For agents looking to maximize their pay in Lowell, focusing on commercial insurance lines and considering agency ownership may provide the greatest financial rewards.
More salary data for Lowell, 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 $76,637 for insurance agentsin the Lowell 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 Lowell 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