Insurance Agent Salary in Eden Prairie, MN: $68,372 (2026)
Quick Answer:A full-time insurance agent in Eden Prairie, MN earns a median $68,372/year (≈ $32.87/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Eden Prairie's price level (1% below national, BEA RPP 98.5), that paycheck buys what $69,413 would nationally. Nominal pay sits 1.2% above the Minnesota state average.
Based on BLS state-level estimates · View source
In Eden Prairie, Minnesota, the projected annual salary for insurance agents in 2026 is $68,372, slightly above the national median of $64,522 for the same year. This reflects a growing trend in the local job market, with salaries ranging from $40,881 at the lower end to $105,977 at the top percentile. These figures, derived from BLS state-level data and adjusted for regional price differences, illustrate the competitive compensation landscape for professionals in this field. Insurance agents specializing in commercial and specialty lines generally command higher commissions compared to their counterparts focused on personal lines, making this distinction crucial for income potential in Eden Prairie's evolving job market.
About the Eden Prairie Market
Salary estimated from Minnesota average ($68,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $40,881 | $19.65 |
| Lower Range (P25) | $50,919 | $24.48 |
| Median (P50)(typical) | $68,372 | $32.87 |
| Upper Range (P75) | $87,516 | $42.07 |
| Top Earners (P90) | $105,977 | $50.95 |
Median Salary Position
5.97% above the national average
2026 Salary Percentile Distribution in Eden Prairie
In Eden Prairie, MN, the insurance agent salary spread from the 10th to 90th percentile is $65,096 (2026 est.). At $68,372, the local median is 5.97% above the national median of $64,522.
Salary Calculator
At 40 hours/week in Eden Prairie: You'd be in the lower-middle range
How Eden Prairie Insurance Agent Pay Compares
Eden Prairie median: $68,372/year (2026)
| Compared To | Median Salary | Eden Prairie Pays |
|---|---|---|
| Minnesota Average | $67,561 | +1.20% more |
| National Average | $64,522 | +5.97% more |
Insurance Agents in Eden Prairie, MN earn a median of $68,372 per year (2026 est.), which is 5.97% higher than the national median of $64,522 and 1.20% above the Minnesota state average of $67,561.
Cost-of-Living Adjusted Salary
Eden Prairie has a cost of living 1.50% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Eden Prairie, MN has a cost-of-living index of 98.5 (below the national average of 100). A insurance agent earning $68,372 nominally has purchasing power equivalent to $69,413 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$53,979
2025 BLS Actual
$65,996
2026 Current Est.
$68,372
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Eden Prairie (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $53,979 | Actual |
| 2020 | $55,293 | Actual |
| 2021 | $52,814 | Actual |
| 2022 | $61,312 | Actual |
| 2023 | $62,605 | Actual |
| 2024 | $67,798 | Actual |
| 2025 | $65,996 | Actual |
| 2026(current) | $68,372 | Estimated |
| 2027 | $70,833 | Projected |
Based on 7 years of BLS OEWS data for the Eden Prairie metropolitan area, the median insurance agent salary grew 22.3% from $53,979 (2019) to $65,996 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $70,833 by 2027 — a total increase of $16,854 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Eden Prairie 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) | $40,881 – $50,919 |
| 3-5 years (Mid Career) | $50,919 – $68,372 |
| 5+ years (Experienced) | $68,372 – $87,516 |
| 10+ years (Top Earner) | $87,516 – $105,977 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Eden Prairie
Analyzing the local job market reveals that Eden Prairie currently employs 11 insurance agents, a relatively small but stable workforce. The cost of living index stands at 98.5, which indicates somewhat lower living expenses than the national average, thus enhancing purchasing power for insurance agent pay in Eden Prairie, MN. Top employers in the area tend to be captive agencies like Farmers and State Farm, along with independent brokerages and larger firms, which may offer better compensation packages based on their resources and client portfolios. The disparity between lower and higher salaries can often be attributed to factors such as the size of a producer's book of business, the type of insurance sold, and whether agents operate as captive or independent agents. Those looking to maximize their earnings should consider focusing on commercial lines, seeking to build a substantial client base, and pursuing professional development opportunities such as obtaining certifications like CPCU, which can further enhance their marketability and earning potential in this dynamic sector.
More salary data for Eden Prairie, MN:
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 $65,996 for insurance agentsin the Eden Prairie 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 Eden Prairie 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