Insurance Agent Salary in San Juan, PR: $38,518 (2026)
Quick Answer:A full-time insurance agent in San Juan, PR earns a median $38,518/year (≈ $18.51/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Puerto Rico's price level (25% below national, BEA RPP 75.0), that paycheck buys what $51,357 would nationally. Nominal pay sits 3.7% above the Puerto Rico state average.
Official BLS data · View source
In 2026, the insurance agent salary in San Juan, PR, is projected to reach a median of $38,518, significantly lower than the national median of $64,522. This salary range spans from $24,667 at the 10th percentile to $77,379 at the 90th percentile, reflecting a wide variation in earnings based on experience, clientele, and business model. These figures are drawn from 2025 BLS OEWS data, projected into 2026, and they highlight the importance of renewal commissions and a well-established book of business in driving long-term compensation for local agents. Given the competitive landscape, agents must strategically build and maintain client relationships to enhance their earning potential in this vibrant job market.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $24,667 | $11.86 |
| Lower Range (P25) | $31,588 | $15.19 |
| Median (P50)(typical) | $38,518 | $18.51 |
| Upper Range (P75) | $51,251 | $24.64 |
| Top Earners (P90) | $77,379 | $37.20 |
Median Salary Position
40.3% below the national average
2026 Salary Percentile Distribution in San Juan
In San Juan, PR, the insurance agent salary spread from the 10th to 90th percentile is $52,712 (2026 est.). At $38,518, the local median is 40.3% below the national median of $64,522.
Salary Calculator
At 40 hours/week in San Juan: You'd be in the lower-middle range
How San Juan Insurance Agent Pay Compares
San Juan median: $38,518/year (2026)
| Compared To | Median Salary | San Juan Pays |
|---|---|---|
| Puerto Rico Average | $37,144 | +3.70% more |
| National Average | $64,522 | -40.30% less |
Insurance Agents in San Juan, PR earn a median of $38,518 per year (2026 est.), which is 40.30% lower than the national median of $64,522 and 3.70% above the Puerto Rico state average of $37,144.
2019 BLS Actual
$33,650
2025 BLS Actual
$37,180
2026 Current Est.
$38,518
2019–2027 Growth
+18.6%
Salary Trajectory for Insurance Agents in San Juan (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $33,650 | Actual |
| 2020 | $33,240 | Actual |
| 2021 | $30,380 | Actual |
| 2022 | $30,650 | Actual |
| 2023 | $36,630 | Actual |
| 2024 | $37,770 | Actual |
| 2025 | $37,180 | Actual |
| 2026(current) | $38,518 | Estimated |
| 2027 | $39,905 | Projected |
Based on 7 years of BLS OEWS data for the San Juan metropolitan area, the median insurance agent salary grew 10.5% from $33,650 (2019) to $37,180 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $39,905 by 2027 — a total increase of $6,255 (18.59%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the San Juan 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) | $24,667 – $31,588 |
| 3-5 years (Mid Career) | $31,588 – $38,518 |
| 5+ years (Experienced) | $38,518 – $51,251 |
| 10+ years (Top Earner) | $51,251 – $77,379 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in San Juan
With 1,890 insurance agents currently employed in San Juan, the local job market is robust, yet the cost of living can impact real earnings power. Employers such as large brokerage firms like Aon and Marsh typically offer competitive salaries, particularly for agents working in commercial lines, where commissions can be substantially higher compared to personal lines. The disparity between low and high pay often arises from the size of an agent's book of business, renewal commission potential, and the structure of compensation at captive versus independent agencies. Captive agents may receive training and upfront bonuses but often face capped earnings, while independent agents enjoy greater flexibility with commission structures. To maximize pay in San Juan PR, agents should focus on developing their commercial portfolios and consider the advantages of agency ownership or partnerships within larger brokerage networks.
More salary data for San Juan, PR:
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 $37,180 for insurance agentsin the San Juan 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