Insurance Agent Salary in Great Falls, MT: $62,523 (2026)
Quick Answer:A full-time insurance agent in Great Falls, MT earns a median $62,523/year (≈ $30.06/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Great Falls's price level (3% below national, BEA RPP 96.8), that paycheck buys what $64,560 would nationally. Nominal pay sits 0.7% above the Montana state average.
Official BLS data · View source
In 2026, the compensation landscape for insurance agents in Great Falls, Montana is projected to offer a median annual salary of $62,523, reflecting a competitive market despite being slightly below the national average of $64,522. The salaries for insurance agents in the region range from $49,438 at the lower end (10th percentile) to $117,161 at the high end (90th percentile), indicating significant earning potential linked to experience, performance, and the size of one’s book of business. Insurance agents in this area benefit from renewal commissions that can compound over time, providing a robust incentive to cultivate long-term client relationships. As demonstrated by the data derived from official BLS OEWS surveys, the dynamics of the insurance job market suggest a steady path for agents seeking growth opportunities in Great Falls, MT.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $49,438 | $23.77 |
| Lower Range (P25) | $58,234 | $27.99 |
| Median (P50)(typical) | $62,523 | $30.06 |
| Upper Range (P75) | $82,372 | $39.61 |
| Top Earners (P90) | $117,161 | $56.33 |
Median Salary Position
3.1% below the national average
2026 Salary Percentile Distribution in Great Falls
In Great Falls, MT, the insurance agent salary spread from the 10th to 90th percentile is $67,723 (2026 est.). At $62,523, the local median is 3.1% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Great Falls: You'd be in the entry-level range
How Great Falls Insurance Agent Pay Compares
Great Falls median: $62,523/year (2026)
| Compared To | Median Salary | Great Falls Pays |
|---|---|---|
| Montana Average | $62,088 | +0.70% more |
| National Average | $64,522 | -3.10% less |
Insurance Agents in Great Falls, MT earn a median of $62,523 per year (2026 est.), which is 3.10% lower than the national median of $64,522 and 0.70% above the Montana state average of $62,088.
Cost-of-Living Adjusted Salary
Great Falls has a cost of living 3.16% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Great Falls, MT has a cost-of-living index of 96.845 (below the national average of 100). A insurance agent earning $62,523 nominally has purchasing power equivalent to $64,560 in an average-cost city — an effective 3.26% boost.
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2019 BLS Actual
$45,810
2025 BLS Actual
$60,350
2026 Current Est.
$62,523
2019–2027 Growth
+41.4%
Salary Trajectory for Insurance Agents in Great Falls (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $45,810 | Actual |
| 2020 | $44,080 | Actual |
| 2021 | $46,890 | Actual |
| 2022 | $49,190 | Actual |
| 2023 | $61,210 | Actual |
| 2024 | $60,650 | Actual |
| 2025 | $60,350 | Actual |
| 2026(current) | $62,523 | Estimated |
| 2027 | $64,773 | Projected |
Based on 7 years of BLS OEWS data for the Great Falls metropolitan area, the median insurance agent salary grew 31.7% from $45,810 (2019) to $60,350 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $64,773 by 2027 — a total increase of $18,963 (41.39%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Great Falls 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) | $49,438 – $58,234 |
| 3-5 years (Mid Career) | $58,234 – $62,523 |
| 5+ years (Experienced) | $62,523 – $82,372 |
| 10+ years (Top Earner) | $82,372 – $117,161 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Great Falls
Among the 220 insurance agents employed in Great Falls, MT, current market conditions reflect a cost of living index of 96.845, which is favorable for take-home purchasing power compared to the national average. Several key employers in the area help to shape the salary spectrum, including captive agents from companies like State Farm and Allstate, independent agencies, and large commercial brokerages such as Aon and Marsh. The distinctions in pay arise from various factors, including the size of agents' books of business—which significantly influences the value of renewal commissions—and the type of insurance lines they focus on, with commercial lines generally offering higher payouts than personal lines. Captive agents might receive initial sign-on bonuses, yet that could cap their overall earnings potential compared to independent agents who have more flexibility. By focusing on developing a strong client portfolio and considering opportunities in commercial lines or agency ownership, agents in Great Falls can strategically enhance their earning capacity.
More salary data for Great Falls, MT:
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 $60,350 for insurance agentsin the Great Falls 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
Source: BLS, OEWS, 7-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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