Insurance Agent Salary in Minot, ND: $73,597 (2026)
Quick Answer:A full-time insurance agent in Minot, ND earns a median $73,597/year (≈ $35.38/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Minot's price level (13% below national, BEA RPP 87.0), that paycheck buys what $84,567 would nationally. Nominal pay sits 24.0% above the North Dakota state average.
Official BLS data · View source
In 2026, insurance agents in Minot, North Dakota, can expect a median annual salary of $73,597, which represents a noteworthy 14.06% increase compared to the national median of $64,522. The projected salary range for these professionals spans from $48,236 at the 10th percentile to $160,259 at the 90th percentile. Distinctions in commissions between personal lines and commercial or specialty lines contribute significantly to salary variability. As detailed in surveys, Minot's market benefits from diverse opportunities while also reflecting the shifts in compensation models influenced by local economic conditions and the evolving insurance landscape.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $48,236 | $23.20 |
| Lower Range (P25) | $61,310 | $29.47 |
| Median (P50)(typical) | $73,597 | $35.38 |
| Upper Range (P75) | $93,064 | $44.74 |
| Top Earners (P90) | $160,259 | $77.05 |
Median Salary Position
14.06% above the national average
2026 Salary Percentile Distribution in Minot
In Minot, ND, the insurance agent salary spread from the 10th to 90th percentile is $112,023 (2026 est.). At $73,597, the local median is 14.06% above the national median of $64,522.
Salary Calculator
At 40 hours/week in Minot: You'd be in the entry-level range
How Minot Insurance Agent Pay Compares
Minot median: $73,597/year (2026)
| Compared To | Median Salary | Minot Pays |
|---|---|---|
| North Dakota Average | $59,353 | +24.00% more |
| National Average | $64,522 | +14.06% more |
Insurance Agents in Minot, ND earn a median of $73,597 per year (2026 est.), which is 14.06% higher than the national median of $64,522 and 24.00% above the North Dakota state average of $59,353.
Cost-of-Living Adjusted Salary
Minot has a cost of living 12.97% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Minot, ND has a cost-of-living index of 87.028 (below the national average of 100). A insurance agent earning $73,597 nominally has purchasing power equivalent to $84,567 in an average-cost city — an effective 14.91% boost.
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2019 BLS Actual
$58,105
2025 BLS Actual
$71,040
2026 Current Est.
$73,597
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Minot (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $58,105 | Actual |
| 2020 | $59,519 | Actual |
| 2021 | $56,850 | Actual |
| 2022 | $65,998 | Actual |
| 2023 | $67,390 | Actual |
| 2024 | $60,000 | Actual |
| 2025 | $71,040 | Actual |
| 2026(current) | $73,597 | Estimated |
| 2027 | $76,247 | Projected |
Based on 7 years of BLS OEWS data for the Minot metropolitan area, the median insurance agent salary grew 22.3% from $58,105 (2019) to $71,040 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $76,247 by 2027 — a total increase of $18,142 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Minot 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) | $48,236 – $61,310 |
| 3-5 years (Mid Career) | $61,310 – $73,597 |
| 5+ years (Experienced) | $73,597 – $93,064 |
| 10+ years (Top Earner) | $93,064 – $160,259 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Minot
Analyzing the local job market reveals that there are approximately 120 insurance agents employed in Minot, ND, where the cost of living index stands at 87.028, indicating a lower-than-average living expense in the area. This favorable cost of living enhances the purchasing power of insurance agent pay in Minot, effectively stretching salaries further than in many other locales. Among local employers, captive agents at traditional firms like State Farm and Allstate tend to offer competitive compensation, but independent agencies and large commercial brokerages such as Aon and Marsh often provide higher earnings potential, especially in commercial lines, thanks to greater commission opportunities. To maximize earnings in the Minot market, agents should focus on building significant books of business, as renewal commissions can compound over time, and consider specializing in commercial lines to leverage the notable disparity in commissions compared to personal lines. Engaging with continuing education and pursuing certifications such as CPCU can also enhance employability and earning capacity in this dynamic field.
More salary data for Minot, ND:
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 $71,040 for insurance agentsin the Minot 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, 2-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