Insurance Agent Salary in Elyria, OH: $59,964 (2026)
Quick Answer:A full-time insurance agent in Elyria, OH earns a median $59,964/year (≈ $28.83/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Elyria's price level (9% below national, BEA RPP 90.7), that paycheck buys what $66,112 would nationally. Nominal pay sits 3.4% below the Ohio state average.
Based on BLS state-level estimates · View source
In 2026, the insurance agent salary in Elyria is projected at a median annual compensation of $59,964, reflecting a competitive yet slightly lower bracket compared to the national median of $64,522. The salary range for insurance agents in this region varies significantly, with the bottom 10% earning around $36,253 while those in the top 10% command as much as $92,944. These figures, drawn from estimates based on 2025 BLS data and adjusted for local cost variations, indicate that insurance agents who can build a robust book of business—particularly those capitalizing on renewal commissions—can substantially enhance their earnings over time. Such dynamics are critical in Elyria's job market, where understanding the local economic factors can play a vital role in long-term financial success for insurance professionals.
About the Elyria Market
Salary estimated from Ohio average ($58,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $36,253 | $17.43 |
| Lower Range (P25) | $44,911 | $21.59 |
| Median (P50)(typical) | $59,964 | $28.83 |
| Upper Range (P75) | $76,753 | $36.90 |
| Top Earners (P90) | $92,944 | $44.68 |
Median Salary Position
7.06% below the national average
2026 Salary Percentile Distribution in Elyria
In Elyria, OH, the insurance agent salary spread from the 10th to 90th percentile is $56,691 (2026 est.). At $59,964, the local median is 7.06% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Elyria: You'd be in the lower-middle range
How Elyria Insurance Agent Pay Compares
Elyria median: $59,964/year (2026)
| Compared To | Median Salary | Elyria Pays |
|---|---|---|
| Ohio Average | $62,074 | -3.40% less |
| National Average | $64,522 | -7.06% less |
Insurance Agents in Elyria, OH earn a median of $59,964 per year (2026 est.), which is 7.06% lower than the national median of $64,522 and 3.40% below the Ohio state average of $62,074.
Cost-of-Living Adjusted Salary
Elyria has a cost of living 9.30% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Elyria, OH has a cost-of-living index of 90.7 (below the national average of 100). A insurance agent earning $59,964 nominally has purchasing power equivalent to $66,112 in an average-cost city — an effective 10.25% boost.
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2019 BLS Actual
$47,341
2025 BLS Actual
$57,880
2026 Current Est.
$59,964
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Elyria (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $47,341 | Actual |
| 2020 | $48,494 | Actual |
| 2021 | $46,319 | Actual |
| 2022 | $53,772 | Actual |
| 2023 | $54,906 | Actual |
| 2024 | $50,828 | Actual |
| 2025 | $57,880 | Actual |
| 2026(current) | $59,964 | Estimated |
| 2027 | $62,122 | Projected |
Based on 7 years of BLS OEWS data for the Elyria metropolitan area, the median insurance agent salary grew 22.3% from $47,341 (2019) to $57,880 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $62,122 by 2027 — a total increase of $14,781 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Elyria 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) | $36,253 – $44,911 |
| 3-5 years (Mid Career) | $44,911 – $59,964 |
| 5+ years (Experienced) | $59,964 – $76,753 |
| 10+ years (Top Earner) | $76,753 – $92,944 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Elyria
Elyria, OH, hosts 14 insurance agents, a small but stable community that hints at a manageable job market for newcomers looking to establish themselves. The local cost of living index stands at 90.7, which is below the national average, suggesting that take-home salaries may translate into favorable purchasing power when compared to many larger urban settings. Among the various employment opportunities, independent agencies tend to offer more flexibility and higher long-term earnings potential due to the commission structure, contrasting with captives like State Farm or Allstate, which typically provide sign-on bonuses yet cap overall income potential. Those working in commercial lines can expect significantly higher earnings, often 5-10 times more than personal lines agents. For insurance agents looking to maximize pay in Elyria, focusing on building a diverse client base, developing commercial expertise, and considering agency ownership are effective strategies to enhance earning potential in this evolving market.
More salary data for Elyria, OH:
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 $57,880 for insurance agentsin the Elyria 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 Elyria 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