Insurance Agent Salary in Lee's Summit, MO: $62,420 (2026)
Quick Answer:A full-time insurance agent in Lee's Summit, MO earns a median $62,420/year (≈ $30.01/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Lee's Summit's price level (10% below national, BEA RPP 89.6), that paycheck buys what $69,665 would nationally. Nominal pay sits 0.9% below the Missouri state average.
Based on BLS state-level estimates · View source
Earning an estimated median annual salary of $62,420 in 2026, insurance agents in Lee's Summit, Missouri, find themselves navigating a competitive job market influenced by the structural dynamics between captive agencies, independent brokers, and commercial firms. The salary range for these professionals spans from $37,530 at the lower end (P10) to $96,751 at the higher end (P90), indicating substantial variability in compensation. These figures are derived from localized estimates based on 2025 BLS OEWS data, reflecting adjustments for the regional cost of living in Lee's Summit, which hovers below the national average. Understanding these figures is crucial for both new entrants and seasoned agents looking to position themselves effectively in this evolving market.
About the Lee's Summit Market
Salary estimated from Missouri average ($58,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $37,530 | $18.05 |
| Lower Range (P25) | $46,694 | $22.45 |
| Median (P50)(typical) | $62,420 | $30.01 |
| Upper Range (P75) | $79,897 | $38.41 |
| Top Earners (P90) | $96,751 | $46.52 |
Median Salary Position
3.26% below the national average
2026 Salary Percentile Distribution in Lee's Summit
In Lee's Summit, MO, the insurance agent salary spread from the 10th to 90th percentile is $59,221 (2026 est.). At $62,420, the local median is 3.26% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Lee's Summit: You'd be in the lower-middle range
How Lee's Summit Insurance Agent Pay Compares
Lee's Summit median: $62,420/year (2026)
| Compared To | Median Salary | Lee's Summit Pays |
|---|---|---|
| Missouri Average | $62,987 | -0.90% less |
| National Average | $64,522 | -3.26% less |
Insurance Agents in Lee's Summit, MO earn a median of $62,420 per year (2026 est.), which is 3.26% lower than the national median of $64,522 and 0.90% below the Missouri state average of $62,987.
Cost-of-Living Adjusted Salary
Lee's Summit has a cost of living 10.40% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Lee's Summit, MO has a cost-of-living index of 89.6 (below the national average of 100). A insurance agent earning $62,420 nominally has purchasing power equivalent to $69,665 in an average-cost city — an effective 11.61% boost.
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2019 BLS Actual
$49,280
2025 BLS Actual
$60,251
2026 Current Est.
$62,420
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Lee's Summit (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $49,280 | Actual |
| 2020 | $50,480 | Actual |
| 2021 | $48,216 | Actual |
| 2022 | $55,975 | Actual |
| 2023 | $57,155 | Actual |
| 2024 | $51,511 | Actual |
| 2025 | $60,251 | Actual |
| 2026(current) | $62,420 | Estimated |
| 2027 | $64,667 | Projected |
Based on 7 years of BLS OEWS data for the Lee's Summit metropolitan area, the median insurance agent salary grew 22.3% from $49,280 (2019) to $60,251 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $64,667 by 2027 — a total increase of $15,387 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Lee's Summit 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) | $37,530 – $46,694 |
| 3-5 years (Mid Career) | $46,694 – $62,420 |
| 5+ years (Experienced) | $62,420 – $79,897 |
| 10+ years (Top Earner) | $79,897 – $96,751 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Lee's Summit
In Lee's Summit, approximately 20 insurance agents are working, with the local job market showcasing the contrasting influences of employer types on compensation. Captive agents, such as those working with State Farm and Allstate, tend to have a fixed earnings potential that may be capped despite initial training incentives. In contrast, independent agents and those at large commercial brokerage firms like Aon and Lockton often see higher returns, especially when dealing with commercial lines that can yield commissions significantly greater than those for personal lines. Coupled with a cost of living index of 89.6, agents can find that their take-home pay has more purchasing power relative to other markets. To maximize earnings potential in this setting, agents should focus on expanding their book of business, considering the synergy of personal lines with commercial opportunities, and potentially exploring agency ownership, which can lead to equity and greater financial rewards.
More salary data for Lee's Summit, MO:
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 $60,251 for insurance agentsin the Lee's Summit 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 Lee's Summit 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