Insurance Agent Salary in Oklahoma City, OK: $62,336 (2026)
Quick Answer:A full-time insurance agent in Oklahoma City, OK earns a median $62,336/year (≈ $29.97/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Oklahoma City's price level (10% below national, BEA RPP 90.4), that paycheck buys what $68,950 would nationally. Nominal pay sits 8.7% above the Oklahoma state average.
Official BLS data · View source
Insurance agents in Oklahoma City can expect a median annual salary of $62,336 in 2026, slightly below the national average of $64,522 for the same year. The salary range is quite broad, spanning from $37,638 at the 10th percentile to $118,539 at the 90th percentile. This data, derived from the 2025 BLS OEWS surveys and projected to 2026, reflects significant dynamics within the local job market, especially among different employment types. Captive agents from companies such as State Farm and Allstate have traditionally dominated the market, but independent agents and larger commercial brokerages are gaining ground, offering competitive pay structures that can vary significantly based on business models and the focus on commercial versus personal lines.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $37,638 | $18.10 |
| Lower Range (P25) | $44,817 | $21.55 |
| Median (P50)(typical) | $62,336 | $29.97 |
| Upper Range (P75) | $82,352 | $39.60 |
| Top Earners (P90) | $118,539 | $56.99 |
Median Salary Position
3.39% below the national average
2026 Salary Percentile Distribution in Oklahoma City
In Oklahoma City, OK, the insurance agent salary spread from the 10th to 90th percentile is $80,901 (2026 est.). At $62,336, the local median is 3.39% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Oklahoma City: You'd be in the lower-middle range
How Oklahoma City Insurance Agent Pay Compares
Oklahoma City median: $62,336/year (2026)
| Compared To | Median Salary | Oklahoma City Pays |
|---|---|---|
| Oklahoma Average | $57,347 | +8.70% more |
| National Average | $64,522 | -3.39% less |
Insurance Agents in Oklahoma City, OK earn a median of $62,336 per year (2026 est.), which is 3.39% lower than the national median of $64,522 and 8.70% above the Oklahoma state average of $57,347.
Cost-of-Living Adjusted Salary
Oklahoma City has a cost of living 9.59% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Oklahoma City, OK has a cost-of-living index of 90.408 (below the national average of 100). A insurance agent earning $62,336 nominally has purchasing power equivalent to $68,950 in an average-cost city — an effective 10.61% boost.
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2019 BLS Actual
$41,210
2025 BLS Actual
$60,170
2026 Current Est.
$62,336
2019–2027 Growth
+56.7%
Salary Trajectory for Insurance Agents in Oklahoma City (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $41,210 | Actual |
| 2020 | $46,240 | Actual |
| 2021 | $49,160 | Actual |
| 2022 | $46,560 | Actual |
| 2023 | $50,150 | Actual |
| 2024 | $45,370 | Actual |
| 2025 | $60,170 | Actual |
| 2026(current) | $62,336 | Estimated |
| 2027 | $64,580 | Projected |
Based on 7 years of BLS OEWS data for the Oklahoma City metropolitan area, the median insurance agent salary grew 46.0% from $41,210 (2019) to $60,170 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $64,580 by 2027 — a total increase of $23,370 (56.71%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Oklahoma City 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) | $37,638 – $44,817 |
| 3-5 years (Mid Career) | $44,817 – $62,336 |
| 5+ years (Experienced) | $62,336 – $82,352 |
| 10+ years (Top Earner) | $82,352 – $118,539 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Oklahoma City
In Oklahoma City, there are currently 1,790 insurance agents employed, contributing to a diverse job market. With a cost-of-living index of 90.408, the lower living expenses can enhance the purchasing power of those earning an insurance agent salary in Oklahoma City. Captive agents tend to receive robust training and sign-on bonuses, but their long-term earnings potential can be limited compared to independent agents who benefit from renewal commissions and broader market opportunities. Among the highest earners are those affiliated with large commercial brokerages like Aon and Marsh, especially in specialized insurance lines where commissions can be five to ten times higher than those for personal lines. To maximize pay in this market, agents should focus on building a substantial book of business, pursuing credentials like CPCU or CIC, and considering opportunities in commercial lines, which tend to yield higher returns.
More salary data for Oklahoma City, OK:
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 $60,170 for insurance agentsin the Oklahoma City 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