Insurance Agent Salary in St. Louis Park, MN: $65,057 (2026)
Quick Answer:A full-time insurance agent in St. Louis Park, MN earns a median $65,057/year (≈ $31.28/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in St. Louis Park's price level (1% below national, BEA RPP 98.5), that paycheck buys what $66,048 would nationally. Nominal pay sits 3.7% below the Minnesota state average.
Based on BLS state-level estimates · View source
In St. Louis Park, Minnesota, insurance agents can anticipate a median annual salary of $65,057 in 2026, which reflects a slight increase when compared to the national median of $64,522. The earnings potential can vary significantly, with the salary range extending from $40,410 at the 10th percentile to as high as $100,838 at the 90th percentile. These figures are based on 2025 BLS data, projected to 2026, while also taking into account regional price adjustments. This variance highlights the two-tier income structure prevalent in the field, where those specializing in personal lines typically earn less than their counterparts focusing on commercial and specialty lines—often a critical factor influencing an agent's overall compensation in the local job market.
About the St. Louis Park Market
Salary estimated from Minnesota average ($68,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $40,410 | $19.43 |
| Lower Range (P25) | $49,372 | $23.73 |
| Median (P50)(typical) | $65,057 | $31.28 |
| Upper Range (P75) | $83,273 | $40.03 |
| Top Earners (P90) | $100,838 | $48.48 |
Median Salary Position
0.83% above the national average
2026 Salary Percentile Distribution in St. Louis Park
In St. Louis Park, MN, the insurance agent salary spread from the 10th to 90th percentile is $60,428 (2026 est.). At $65,057, the local median is 0.83% above the national median of $64,522.
Salary Calculator
At 40 hours/week in St. Louis Park: You'd be in the lower-middle range
How St. Louis Park Insurance Agent Pay Compares
St. Louis Park median: $65,057/year (2026)
| Compared To | Median Salary | St. Louis Park Pays |
|---|---|---|
| Minnesota Average | $67,556 | -3.70% less |
| National Average | $64,522 | +0.83% more |
Insurance Agents in St. Louis Park, MN earn a median of $65,057 per year (2026 est.), which is 0.83% higher than the national median of $64,522 and 3.70% below the Minnesota state average of $67,556.
Cost-of-Living Adjusted Salary
St. Louis Park 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.
St. Louis Park, MN has a cost-of-living index of 98.5 (below the national average of 100). A insurance agent earning $65,057 nominally has purchasing power equivalent to $66,048 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$51,362
2025 BLS Actual
$62,796
2026 Current Est.
$65,057
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in St. Louis Park (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $51,362 | Actual |
| 2020 | $52,612 | Actual |
| 2021 | $50,253 | Actual |
| 2022 | $58,339 | Actual |
| 2023 | $59,569 | Actual |
| 2024 | $64,511 | Actual |
| 2025 | $62,796 | Actual |
| 2026(current) | $65,057 | Estimated |
| 2027 | $67,399 | Projected |
Based on 7 years of BLS OEWS data for the St. Louis Park metropolitan area, the median insurance agent salary grew 22.3% from $51,362 (2019) to $62,796 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $67,399 by 2027 — a total increase of $16,037 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the St. Louis Park 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) | $40,410 – $49,372 |
| 3-5 years (Mid Career) | $49,372 – $65,057 |
| 5+ years (Experienced) | $65,057 – $83,273 |
| 10+ years (Top Earner) | $83,273 – $100,838 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in St. Louis Park
The local employment landscape shows that there are nine insurance agents working in St. Louis Park, a modest number that somewhat reflects the competitive nature of the job market. Given the cost of living index at 98.5, which is slightly below the national average, many insurance agents may find that their take-home pay stretches further than in higher-cost areas. Employers in the region vary widely, with potential for higher salaries among captive agents working for major firms like State Farm or Allstate as well as independent agencies that manage multiple carriers. The disparity in earnings can be driven by factors such as the size of an agent's book of business, the type of insurance sold, and commission structures that favor commercial lines over personal lines. For those seeking to optimize their income in St. Louis Park, focusing on gaining experience in high-commission markets, pursuing CPCU credentials, or considering agency ownership might prove advantageous in maximizing their overall insurance agent pay in St. Louis Park MN.
More salary data for St. Louis Park, 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 $62,796 for insurance agentsin the St. Louis Park 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 St. Louis Park 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