Insurance Agent Salary in Medford, OR: $76,861 (2026)
Quick Answer:A full-time insurance agent in Medford, OR earns a median $76,861/year (≈ $36.95/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Medford's price level (1% above national, BEA RPP 101.4), that paycheck buys what $75,775 would nationally. Nominal pay sits 21.7% above the Oregon state average.
Official BLS data · View source
In Medford, Oregon, the projected 2026 median annual salary for insurance agents is set at $76,861, placing it significantly above the national median of $64,522. This reflects a 19.12% advantage for local agents, who enjoy a salary range from $49,220 at the 10th percentile (P10) to $156,374 at the 90th percentile (P90). These figures, derived from the official Bureau of Labor Statistics (BLS) data, underscore the competitive nature of the insurance market in Medford. Given the local dynamics, agents focusing on commercial and specialty lines typically earn more than those engaged in personal lines, creating a varied earnings landscape that reflects their expertise and clientele management.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $49,220 | $23.66 |
| Lower Range (P25) | $55,571 | $26.72 |
| Median (P50)(typical) | $76,861 | $36.95 |
| Upper Range (P75) | $83,937 | $40.35 |
| Top Earners (P90) | $156,374 | $75.18 |
Median Salary Position
19.12% above the national average
2026 Salary Percentile Distribution in Medford
In Medford, OR, the insurance agent salary spread from the 10th to 90th percentile is $107,154 (2026 est.). At $76,861, the local median is 19.12% above the national median of $64,522.
Salary Calculator
At 40 hours/week in Medford: You'd be in the lower-middle range
How Medford Insurance Agent Pay Compares
Medford median: $76,861/year (2026)
| Compared To | Median Salary | Medford Pays |
|---|---|---|
| Oregon Average | $63,156 | +21.70% more |
| National Average | $64,522 | +19.12% more |
Insurance Agents in Medford, OR earn a median of $76,861 per year (2026 est.), which is 19.12% higher than the national median of $64,522 and 21.70% above the Oregon state average of $63,156.
Cost-of-Living Adjusted Salary
Medford has a cost of living 1.43% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Medford, OR has a cost-of-living index of 101.433 (above the national average of 100). While the nominal salary of $76,861 is competitive, the higher cost of living reduces purchasing power to an effective $75,775 — a 1.41% reduction.
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2019 BLS Actual
$47,450
2025 BLS Actual
$74,190
2026 Current Est.
$76,861
2019–2027 Growth
+67.8%
Salary Trajectory for Insurance Agents in Medford (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $47,450 | Actual |
| 2020 | $51,570 | Actual |
| 2021 | $48,590 | Actual |
| 2022 | $46,710 | Actual |
| 2023 | $48,580 | Actual |
| 2024 | $62,240 | Actual |
| 2025 | $74,190 | Actual |
| 2026(current) | $76,861 | Estimated |
| 2027 | $79,628 | Projected |
Based on 7 years of BLS OEWS data for the Medford metropolitan area, the median insurance agent salary grew 56.4% from $47,450 (2019) to $74,190 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $79,628 by 2027 — a total increase of $32,178 (67.81%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Medford 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) | $49,220 – $55,571 |
| 3-5 years (Mid Career) | $55,571 – $76,861 |
| 5+ years (Experienced) | $76,861 – $83,937 |
| 10+ years (Top Earner) | $83,937 – $156,374 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Medford
With around 200 insurance agents currently employed in Medford, the local job market appears robust, but agents must be mindful of the area's cost-of-living index of 101.433, slightly above the national average. This higher cost may influence take-home pay, particularly for those working with independent agencies or larger brokerage firms like Aon and Marsh, known for higher compensation structures. Notably, the disparity in pay, influenced by the size of an agent's book of business and differing commission rates, can lead to substantial earnings variation. Captive agents might benefit from initial sign-on bonuses and training, yet they often face ceilings on their total income. For insurance agents aiming to maximize their income in Medford, cultivating a significant commercial book and considering independent agency models can enhance long-term financial prospects in this evolving landscape.
More salary data for Medford, OR:
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 $74,190 for insurance agentsin the Medford 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