Insurance Agent Salary in Solon, OH: $57,038 (2026)
Quick Answer:A full-time insurance agent in Solon, OH earns a median $57,038/year (≈ $27.42/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Solon's price level (9% below national, BEA RPP 90.7), that paycheck buys what $62,886 would nationally. Nominal pay sits 8.1% below the Ohio state average.
Based on BLS state-level estimates · View source
In 2026, an insurance agent in Solon, Ohio, can expect to earn a median annual salary of $57,038, which reflects the competitive nature of this local market compared to the national median of $64,522. The salary range for this occupation varies widely, with entry-level positions starting at $36,856 while experienced agents can earn as much as $88,409, based on estimates derived from 2025 BLS data. The structuring of pay in the insurance industry, particularly for agents whose income is heavily influenced by renewal commissions, highlights the importance of building a substantial book of business over time. This dynamic not only affects immediate earnings but also contributes to stable, long-term compensation, a key consideration for those contemplating an insurance career in Solon and beyond.
About the Solon Market
Salary estimated from Ohio average ($58,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $36,856 | $17.72 |
| Lower Range (P25) | $44,186 | $21.25 |
| Median (P50)(typical) | $57,038 | $27.42 |
| Upper Range (P75) | $73,009 | $35.10 |
| Top Earners (P90) | $88,409 | $42.51 |
Median Salary Position
11.6% below the national average
2026 Salary Percentile Distribution in Solon
In Solon, OH, the insurance agent salary spread from the 10th to 90th percentile is $51,553 (2026 est.). At $57,038, the local median is 11.6% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Solon: You'd be in the lower-middle range
How Solon Insurance Agent Pay Compares
Solon median: $57,038/year (2026)
| Compared To | Median Salary | Solon Pays |
|---|---|---|
| Ohio Average | $62,065 | -8.10% less |
| National Average | $64,522 | -11.60% less |
Insurance Agents in Solon, OH earn a median of $57,038 per year (2026 est.), which is 11.60% lower than the national median of $64,522 and 8.10% below the Ohio state average of $62,065.
Cost-of-Living Adjusted Salary
Solon 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.
Solon, OH has a cost-of-living index of 90.7 (below the national average of 100). A insurance agent earning $57,038 nominally has purchasing power equivalent to $62,886 in an average-cost city — an effective 10.25% boost.
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2019 BLS Actual
$45,031
2025 BLS Actual
$55,056
2026 Current Est.
$57,038
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Solon (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $45,031 | Actual |
| 2020 | $46,128 | Actual |
| 2021 | $44,059 | Actual |
| 2022 | $51,149 | Actual |
| 2023 | $52,227 | Actual |
| 2024 | $48,348 | Actual |
| 2025 | $55,056 | Actual |
| 2026(current) | $57,038 | Estimated |
| 2027 | $59,091 | Projected |
Based on 7 years of BLS OEWS data for the Solon metropolitan area, the median insurance agent salary grew 22.3% from $45,031 (2019) to $55,056 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $59,091 by 2027 — a total increase of $14,060 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Solon 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) | $36,856 – $44,186 |
| 3-5 years (Mid Career) | $44,186 – $57,038 |
| 5+ years (Experienced) | $57,038 – $73,009 |
| 10+ years (Top Earner) | $73,009 – $88,409 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Solon
While there are currently six insurance agents employed in Solon, the area's cost of living index stands at 90.7, indicating a slightly lower-than-average living expense compared to national standards. This factor enhances the purchasing power for local agents, making the salary relatively more appealing. In Solon, insurance agents working for major carriers such as State Farm or Allstate may find competitive early-career pay, but those in independent shops or larger commercial brokerages typically see greater earnings potential due to higher commission structures on commercial lines. Factors influencing salary variation include the size of an agent's book of business, the division of personal versus commercial lines, and the type of agency structure—captive firms often offer initial training compensation but can limit long-term pay growth, while independent agencies provide more freedom along with the opportunity for greater compensation. For agents in Solon, focusing on expanding their commercial client base and exploring agency ownership equity may yield the best strategies for maximizing their overall insurance agent pay.
More salary data for Solon, 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 $55,056 for insurance agentsin the Solon 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 Solon 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