Insurance Agent Salary in Shoreview, MN: $63,988 (2026)
Quick Answer:A full-time insurance agent in Shoreview, MN earns a median $63,988/year (≈ $30.76/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Shoreview's price level (1% below national, BEA RPP 98.5), that paycheck buys what $64,962 would nationally. Nominal pay sits 5.3% below the Minnesota state average.
Based on BLS state-level estimates · View source
In Shoreview, Minnesota, where the distinct economic environment shapes job opportunities, the projected median annual salary for insurance agents in 2026 is $63,988. This figure falls slightly below the national median of $64,522, highlighting a competitive yet slightly constrained market for insurance professionals. The salary range for agents spans from $39,679 at the 10th percentile to $99,180 at the 90th percentile. Such disparities often stem from factors like book-of-business dynamics and renewal commissions, which can greatly influence long-term earnings growth. Local estimates derived from BLS state-level data and regional price adjustments illustrate this unique market, with agents in Shoreview benefiting from a steady growth rate of 3.60% annually.
About the Shoreview Market
Salary estimated from Minnesota average ($68,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $39,679 | $19.07 |
| Lower Range (P25) | $47,288 | $22.73 |
| Median (P50)(typical) | $63,988 | $30.76 |
| Upper Range (P75) | $81,904 | $39.38 |
| Top Earners (P90) | $99,180 | $47.69 |
Median Salary Position
0.83% below the national average
2026 Salary Percentile Distribution in Shoreview
In Shoreview, MN, the insurance agent salary spread from the 10th to 90th percentile is $59,501 (2026 est.). At $63,988, the local median is 0.83% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Shoreview: You'd be in the lower-middle range
How Shoreview Insurance Agent Pay Compares
Shoreview median: $63,988/year (2026)
| Compared To | Median Salary | Shoreview Pays |
|---|---|---|
| Minnesota Average | $67,569 | -5.30% less |
| National Average | $64,522 | -0.83% less |
Insurance Agents in Shoreview, MN earn a median of $63,988 per year (2026 est.), which is 0.83% lower than the national median of $64,522 and 5.30% below the Minnesota state average of $67,569.
Cost-of-Living Adjusted Salary
Shoreview 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.
Shoreview, MN has a cost-of-living index of 98.5 (below the national average of 100). A insurance agent earning $63,988 nominally has purchasing power equivalent to $64,962 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$50,518
2025 BLS Actual
$61,764
2026 Current Est.
$63,988
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Shoreview (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $50,518 | Actual |
| 2020 | $51,748 | Actual |
| 2021 | $49,427 | Actual |
| 2022 | $57,381 | Actual |
| 2023 | $58,591 | Actual |
| 2024 | $63,450 | Actual |
| 2025 | $61,764 | Actual |
| 2026(current) | $63,988 | Estimated |
| 2027 | $66,291 | Projected |
Based on 7 years of BLS OEWS data for the Shoreview metropolitan area, the median insurance agent salary grew 22.3% from $50,518 (2019) to $61,764 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $66,291 by 2027 — a total increase of $15,773 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Shoreview 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) | $39,679 – $47,288 |
| 3-5 years (Mid Career) | $47,288 – $63,988 |
| 5+ years (Experienced) | $63,988 – $81,904 |
| 10+ years (Top Earner) | $81,904 – $99,180 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Shoreview
Within the local job market, only six insurance agents are currently employed, indicating a relatively small community of professionals operating in this field. The cost-of-living index in Shoreview stands at 98.5, suggesting that while salaries may lag slightly behind national averages, the economic environment provides a favorable balance for daily living expenses. Among local employers, captive agents at insurance carriers like State Farm and Allstate often offer competitive salaries, though independent agencies and commercial brokerages like Aon and Marsh might provide higher compensation due to their diversified offerings and greater commission potential in commercial lines. The earnings gap in Shoreview can largely be attributed to the nature of business—commercial lines typically pay significantly higher commissions than personal lines. Those looking to maximize their insurance agent pay in Shoreview MN should consider focusing their efforts on building a robust book of business and exploring opportunities with companies that emphasize renewal commissions. Aligning with larger commercial brokerages could also enhance earning potential, especially for producers willing to take on the complexities of commercial accounts.
More salary data for Shoreview, 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 $61,764 for insurance agentsin the Shoreview 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 Shoreview 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