Insurance Agent Salary in North Tonawanda, NY: $63,473 (2026)
Quick Answer:A full-time insurance agent in North Tonawanda, NY earns a median $63,473/year (≈ $30.52/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in North Tonawanda's price level (16% above national, BEA RPP 115.9), that paycheck buys what $54,765 would nationally. Nominal pay sits 4.5% below the New York state average.
Based on BLS state-level estimates · View source
In North Tonawanda, NY, the projected salary for insurance agents in 2026 is estimated at $63,473 annually, placing it modestly below the national median of $64,522. The salary for insurance agents varies significantly, with a range from $40,398 at the 10th percentile to $98,383 at the 90th percentile, reflecting the diversity in commission structures based on the lines of insurance they manage. Local estimates, derived from 2025 BLS data, account for regional cost adjustments, making these figures particularly relevant for those considering a career in the area. The current market dynamics suggest a gradually evolving landscape, especially as the demand for both personal lines and commercial insurance continues to grow, influencing potential compensation levels.
About the North Tonawanda Market
Salary estimated from New York average ($88,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $40,398 | $19.43 |
| Lower Range (P25) | $48,936 | $23.53 |
| Median (P50)(typical) | $63,473 | $30.52 |
| Upper Range (P75) | $81,245 | $39.06 |
| Top Earners (P90) | $98,383 | $47.30 |
Median Salary Position
1.63% below the national average
2026 Salary Percentile Distribution in North Tonawanda
In North Tonawanda, NY, the insurance agent salary spread from the 10th to 90th percentile is $57,985 (2026 est.). At $63,473, the local median is 1.63% below the national median of $64,522.
Salary Calculator
At 40 hours/week in North Tonawanda: You'd be in the lower-middle range
How North Tonawanda Insurance Agent Pay Compares
North Tonawanda median: $63,473/year (2026)
| Compared To | Median Salary | North Tonawanda Pays |
|---|---|---|
| New York Average | $66,463 | -4.50% less |
| National Average | $64,522 | -1.63% less |
Insurance Agents in North Tonawanda, NY earn a median of $63,473 per year (2026 est.), which is 1.63% lower than the national median of $64,522 and 4.50% below the New York state average of $66,463.
Cost-of-Living Adjusted Salary
North Tonawanda has a cost of living 15.90% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
North Tonawanda, NY has a cost-of-living index of 115.9 (above the national average of 100). While the nominal salary of $63,473 is competitive, the higher cost of living reduces purchasing power to an effective $54,765 — a 13.72% reduction.
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2019 BLS Actual
$50,111
2025 BLS Actual
$61,267
2026 Current Est.
$63,473
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in North Tonawanda (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $50,111 | Actual |
| 2020 | $51,331 | Actual |
| 2021 | $49,029 | Actual |
| 2022 | $56,919 | Actual |
| 2023 | $58,119 | Actual |
| 2024 | $97,409 | Actual |
| 2025 | $61,267 | Actual |
| 2026(current) | $63,473 | Estimated |
| 2027 | $65,758 | Projected |
Based on 7 years of BLS OEWS data for the North Tonawanda metropolitan area, the median insurance agent salary grew 22.3% from $50,111 (2019) to $61,267 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $65,758 by 2027 — a total increase of $15,647 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the North Tonawanda 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) | $40,398 – $48,936 |
| 3-5 years (Mid Career) | $48,936 – $63,473 |
| 5+ years (Experienced) | $63,473 – $81,245 |
| 10+ years (Top Earner) | $81,245 – $98,383 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in North Tonawanda
Within North Tonawanda, the job market for insurance agents is relatively small, with only eight professionals currently employed in the field. The cost of living index is notably higher at 115.9, indicating that while salaries are competitive, purchasing power can be impacted by living expenses. Employers that typically offer higher pay include independent agencies and large brokerage firms, which can capitalize on both commercial and specialized lines of insurance, often rivaling traditional captive agents from companies like State Farm and Allstate. The disparity in earnings frequently correlates with factors such as the size of one's book of business, with renewal commissions providing substantial income streams. To maximize earnings, agents should strategically focus on building a robust portfolio in commercial lines, participating in training to enhance qualifications, such as obtaining CPCU credentials, and considering opportunities with independent agencies or brokerages that provide better commission structures over captives.
More salary data for North Tonawanda, NY:
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 $61,267 for insurance agentsin the North Tonawanda 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 North Tonawanda 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