Insurance Agent Salary in Plymouth, MN: $66,848 (2026)
Quick Answer:A full-time insurance agent in Plymouth, MN earns a median $66,848/year (≈ $32.14/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Plymouth's price level (1% below national, BEA RPP 98.5), that paycheck buys what $67,866 would nationally. Nominal pay sits 1.0% below the Minnesota state average.
Based on BLS state-level estimates · View source
In Plymouth, Minnesota, insurance agents are projected to earn a median annual salary of $66,848 in 2026, which reflects a competitive edge over the national median of $64,522. The salary range for this role varies significantly, from $38,772 at the 10th percentile to $103,615 at the 90th percentile. These figures, derived from 2025 BLS state-level data and adjusted for regional cost variations, highlight the potential for substantial growth driven primarily by the compounding effects of renewal commissions and a robust book of business. As agents build their relationships and portfolios, the ability to generate sustained income through renewals can greatly enhance long-term financial stability and growth prospects within the local market.
About the Plymouth Market
Salary estimated from Minnesota average ($68,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $38,772 | $18.64 |
| Lower Range (P25) | $51,967 | $24.99 |
| Median (P50)(typical) | $66,848 | $32.14 |
| Upper Range (P75) | $85,565 | $41.14 |
| Top Earners (P90) | $103,615 | $49.81 |
Median Salary Position
3.60% above the national average
2026 Salary Percentile Distribution in Plymouth
In Plymouth, MN, the insurance agent salary spread from the 10th to 90th percentile is $64,843 (2026 est.). At $66,848, the local median is 3.6% above the national median of $64,522.
Salary Calculator
At 40 hours/week in Plymouth: You'd be in the lower-middle range
How Plymouth Insurance Agent Pay Compares
Plymouth median: $66,848/year (2026)
| Compared To | Median Salary | Plymouth Pays |
|---|---|---|
| Minnesota Average | $67,523 | -1.00% less |
| National Average | $64,522 | +3.60% more |
Insurance Agents in Plymouth, MN earn a median of $66,848 per year (2026 est.), which is 3.60% higher than the national median of $64,522 and 1.00% below the Minnesota state average of $67,523.
Cost-of-Living Adjusted Salary
Plymouth 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.
Plymouth, MN has a cost-of-living index of 98.5 (below the national average of 100). A insurance agent earning $66,848 nominally has purchasing power equivalent to $67,866 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$52,776
2025 BLS Actual
$64,525
2026 Current Est.
$66,848
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Plymouth (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $52,776 | Actual |
| 2020 | $54,061 | Actual |
| 2021 | $51,637 | Actual |
| 2022 | $59,946 | Actual |
| 2023 | $61,210 | Actual |
| 2024 | $66,286 | Actual |
| 2025 | $64,525 | Actual |
| 2026(current) | $66,848 | Estimated |
| 2027 | $69,254 | Projected |
Based on 7 years of BLS OEWS data for the Plymouth metropolitan area, the median insurance agent salary grew 22.3% from $52,776 (2019) to $64,525 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $69,254 by 2027 — a total increase of $16,478 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Plymouth 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) | $38,772 – $51,967 |
| 3-5 years (Mid Career) | $51,967 – $66,848 |
| 5+ years (Experienced) | $66,848 – $85,565 |
| 10+ years (Top Earner) | $85,565 – $103,615 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Plymouth
Employment opportunities for insurance agents in Plymouth are supported by a local cohort of 14 professionals in the field, indicating a stable job market. With a cost-of-living index sitting at 98.5, agents' take-home pay offers reasonable purchasing power, especially given local salary expectations. Targeted employers such as captive carriers like State Farm and Allstate, as well as independent brokerages, typically offer competitive pay scales, especially for those focused on commercial lines, which can yield significantly higher commissions than personal lines. The disparity in earnings reflects factors such as the size of the book of business, the type of insurance sold, and whether the agent operates as captive or independent. To maximize earnings in this specific market, agents may benefit from building a diverse and substantial book of business and targeting commercial insurance opportunities that can drive larger commissions.
More salary data for Plymouth, 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 $64,525 for insurance agentsin the Plymouth 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 Plymouth 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