Insurance Agent Salary in Winona, MN: $64,013 (2026)
Quick Answer:A full-time insurance agent in Winona, MN earns a median $64,013/year (≈ $30.78/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Winona's price level (1% below national, BEA RPP 98.5), that paycheck buys what $64,988 would nationally. Nominal pay sits 5.2% below the Minnesota state average.
Based on BLS state-level estimates · View source
In 2026, an insurance agent in Winona, Minnesota, is projected to earn a median annual salary of $64,013, positioning them slightly below the national average of $64,522. The salary for these professionals ranges from $40,007 at the tenth percentile to $99,221 at the ninetieth percentile, reflecting diverse opportunities within the market. These figures, derived from 2025 BLS data and adjusted for local economic conditions, encompass both the earnings potential from new policy sales and the sustained income from renewal commissions. The insurance agent salary in Winona is influenced by factors such as book-of-business dynamics, making it critical for agents in this area to capitalize on client retention strategies to enhance long-term earnings and stability within the insurance marketplace.
About the Winona Market
Salary estimated from Minnesota average ($68,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $40,007 | $19.24 |
| Lower Range (P25) | $48,761 | $23.44 |
| Median (P50)(typical) | $64,013 | $30.78 |
| Upper Range (P75) | $81,937 | $39.39 |
| Top Earners (P90) | $99,221 | $47.70 |
Median Salary Position
0.79% below the national average
2026 Salary Percentile Distribution in Winona
In Winona, MN, the insurance agent salary spread from the 10th to 90th percentile is $59,214 (2026 est.). At $64,013, the local median is 0.79% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Winona: You'd be in the lower-middle range
How Winona Insurance Agent Pay Compares
Winona median: $64,013/year (2026)
| Compared To | Median Salary | Winona Pays |
|---|---|---|
| Minnesota Average | $67,525 | -5.20% less |
| National Average | $64,522 | -0.79% less |
Insurance Agents in Winona, MN earn a median of $64,013 per year (2026 est.), which is 0.79% lower than the national median of $64,522 and 5.20% below the Minnesota state average of $67,525.
Cost-of-Living Adjusted Salary
Winona 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.
Winona, MN has a cost-of-living index of 98.5 (below the national average of 100). A insurance agent earning $64,013 nominally has purchasing power equivalent to $64,988 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$50,538
2025 BLS Actual
$61,789
2026 Current Est.
$64,013
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Winona (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $50,538 | Actual |
| 2020 | $51,769 | Actual |
| 2021 | $49,447 | Actual |
| 2022 | $57,404 | Actual |
| 2023 | $58,614 | Actual |
| 2024 | $63,476 | Actual |
| 2025 | $61,789 | Actual |
| 2026(current) | $64,013 | Estimated |
| 2027 | $66,318 | Projected |
Based on 7 years of BLS OEWS data for the Winona metropolitan area, the median insurance agent salary grew 22.3% from $50,538 (2019) to $61,789 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $66,318 by 2027 — a total increase of $15,780 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Winona 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) | $40,007 – $48,761 |
| 3-5 years (Mid Career) | $48,761 – $64,013 |
| 5+ years (Experienced) | $64,013 – $81,937 |
| 10+ years (Top Earner) | $81,937 – $99,221 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Winona
As of now, Winona hosts four insurance agents, indicating a modest but stable job market for this occupation. Notably, the cost-of-living index sits at 98.5, suggesting that the local economy favors affordable living, which can enhance take-home pay for agents. Large firms like American Family and State Farm can offer competitive salaries, particularly for those in captive roles with structured training, while independent agencies may offer higher commission potential but require a strong book of business for maximized returns. The disparity in compensation largely hinges on factors such as the type of insurance sold; agents dealing in commercial lines can expect significantly higher income compared to their peers focused on personal lines. For those pursuing insurance agent pay in Winona, MN, building a diverse portfolio and focusing on client relationships will be key strategies to boost income potential.
More salary data for Winona, 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 $61,789 for insurance agentsin the Winona 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 Winona 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