Insurance Agent Salary in Lima, OH: $54,898 (2026)
Quick Answer:A full-time insurance agent in Lima, OH earns a median $54,898/year (≈ $26.40/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Lima's price level (10% below national, BEA RPP 89.7), that paycheck buys what $61,223 would nationally. Nominal pay sits 11.5% below the Ohio state average.
Official BLS data · View source
In 2026, insurance agents in Lima, Ohio, are projected to earn a median annual salary of $54,898, which is notably below the national median of $64,522. Within this local market, salaries typically range from $35,255 for the bottom 10% to as high as $98,979 for the top 10%, reflecting a diverse landscape shaped by employment models. The insurance market in Lima is characterized by a structural divide that features captive agents from well-known companies like State Farm and Allstate, independent agency owners, and commercial brokers, each influencing compensation differently. Given the anticipated growth rate of 3.60% over the next five years, the local job market appears stable, though potential earnings within the city still reflect a slightly competitive edge for those working in commercial brokerage versus personal lines.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $35,255 | $16.95 |
| Lower Range (P25) | $42,735 | $20.54 |
| Median (P50)(typical) | $54,898 | $26.40 |
| Upper Range (P75) | $79,327 | $38.14 |
| Top Earners (P90) | $98,979 | $47.58 |
Median Salary Position
14.92% below the national average
2026 Salary Percentile Distribution in Lima
In Lima, OH, the insurance agent salary spread from the 10th to 90th percentile is $63,724 (2026 est.). At $54,898, the local median is 14.92% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Lima: You'd be in the lower-middle range
How Lima Insurance Agent Pay Compares
Lima median: $54,898/year (2026)
| Compared To | Median Salary | Lima Pays |
|---|---|---|
| Ohio Average | $62,031 | -11.50% less |
| National Average | $64,522 | -14.92% less |
Insurance Agents in Lima, OH earn a median of $54,898 per year (2026 est.), which is 14.92% lower than the national median of $64,522 and 11.50% below the Ohio state average of $62,031.
Cost-of-Living Adjusted Salary
Lima has a cost of living 10.33% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Lima, OH has a cost-of-living index of 89.669 (below the national average of 100). A insurance agent earning $54,898 nominally has purchasing power equivalent to $61,223 in an average-cost city — an effective 11.52% boost.
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2019 BLS Actual
$46,830
2025 BLS Actual
$52,990
2026 Current Est.
$54,898
2019–2027 Growth
+21.4%
Salary Trajectory for Insurance Agents in Lima (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $46,830 | Actual |
| 2020 | $49,120 | Actual |
| 2021 | $47,930 | Actual |
| 2022 | $44,630 | Actual |
| 2023 | $42,660 | Actual |
| 2024 | $51,340 | Actual |
| 2025 | $52,990 | Actual |
| 2026(current) | $54,898 | Estimated |
| 2027 | $56,874 | Projected |
Based on 7 years of BLS OEWS data for the Lima metropolitan area, the median insurance agent salary grew 13.2% from $46,830 (2019) to $52,990 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $56,874 by 2027 — a total increase of $10,044 (21.45%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Lima 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) | $35,255 – $42,735 |
| 3-5 years (Mid Career) | $42,735 – $54,898 |
| 5+ years (Experienced) | $54,898 – $79,327 |
| 10+ years (Top Earner) | $79,327 – $98,979 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Lima
Lima's insurance job market employs around 90 agents, demonstrating a solid presence for professionals seeking opportunities. The cost of living in Lima, indexed at 89.669, indicates a purchasing power that allows agents to maximize their revenues in a setting where the average living expenses are below the national average. Captive insurers often provide the highest upfront compensation, including commission incentives, but independent agents may enjoy higher long-term earnings through larger books of business. Furthermore, specialization in commercial lines can elevate income significantly, sometimes 5-10 times more than standard personal lines. For agents operating here, establishing a well-rounded portfolio and pursuing credentials such as the CPCU can be beneficial strategies to enhance earning potential. If you’re looking into how much do insurance agents make in Lima, aligning with the right employer and focusing on commercial opportunities remains key.
More salary data for Lima, 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 $52,990 for insurance agentsin the Lima 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