Insurance Agent Salary in Pawtucket, RI: $64,774 (2026)
Quick Answer:A full-time insurance agent in Pawtucket, RI earns a median $64,774/year (≈ $31.14/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Pawtucket's price level (1% above national, BEA RPP 100.5), that paycheck buys what $64,452 would nationally. Nominal pay sits 0.1% below the Rhode Island state average.
Based on BLS state-level estimates · View source
In 2026, insurance agents in Pawtucket, Rhode Island, can anticipate a median annual salary of $64,774, which slightly surpasses the national median of $64,522. This moderate advantage reflects the varied dynamics within the local insurance market, particularly when contrasting commission structures for personal lines with those in commercial and specialty lines. The salary range for agents in this region is quite broad, spanning from $37,568 at the lower end (P10) to $100,400 (P90) at the higher end. This wide distribution illustrates the potential for significant earnings based on individual performance and specialization, particularly within the robust sectors of commercial insurance and agency ownership. Overall, Pawtucket's job market offers promising opportunities for agents willing to navigate its competitive landscape.
About the Pawtucket Market
Salary estimated from Rhode Island average ($62,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $37,568 | $18.06 |
| Lower Range (P25) | $47,195 | $22.69 |
| Median (P50)(typical) | $64,774 | $31.14 |
| Upper Range (P75) | $82,910 | $39.87 |
| Top Earners (P90) | $100,400 | $48.27 |
Median Salary Position
0.39% above the national average
2026 Salary Percentile Distribution in Pawtucket
In Pawtucket, RI, the insurance agent salary spread from the 10th to 90th percentile is $62,832 (2026 est.). At $64,774, the local median is 0.39% above the national median of $64,522.
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At 40 hours/week in Pawtucket: You'd be in the lower-middle range
How Pawtucket Insurance Agent Pay Compares
Pawtucket median: $64,774/year (2026)
| Compared To | Median Salary | Pawtucket Pays |
|---|---|---|
| Rhode Island Average | $64,839 | -0.10% less |
| National Average | $64,522 | +0.39% more |
Insurance Agents in Pawtucket, RI earn a median of $64,774 per year (2026 est.), which is 0.39% higher than the national median of $64,522 and 0.10% below the Rhode Island state average of $64,839.
Cost-of-Living Adjusted Salary
Pawtucket has a cost of living 0.50% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Pawtucket, RI has a cost-of-living index of 100.5 (above the national average of 100). While the nominal salary of $64,774 is competitive, the higher cost of living reduces purchasing power to an effective $64,452 — a 0.5% reduction.
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2019 BLS Actual
$51,139
2025 BLS Actual
$62,523
2026 Current Est.
$64,774
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Pawtucket (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $51,139 | Actual |
| 2020 | $52,384 | Actual |
| 2021 | $50,034 | Actual |
| 2022 | $58,086 | Actual |
| 2023 | $59,311 | Actual |
| 2024 | $62,242 | Actual |
| 2025 | $62,523 | Actual |
| 2026(current) | $64,774 | Estimated |
| 2027 | $67,106 | Projected |
Based on 7 years of BLS OEWS data for the Pawtucket metropolitan area, the median insurance agent salary grew 22.3% from $51,139 (2019) to $62,523 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $67,106 by 2027 — a total increase of $15,967 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Pawtucket 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) | $37,568 – $47,195 |
| 3-5 years (Mid Career) | $47,195 – $64,774 |
| 5+ years (Experienced) | $64,774 – $82,910 |
| 10+ years (Top Earner) | $82,910 – $100,400 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Pawtucket
Currently, Pawtucket showcases a stable job market for insurance agents, with 16 professionals currently employed in this field. The area's cost of living index stands at 100.5, indicating a slightly higher cost of living than the national average, which can impact take-home pay. For agents seeking to maximize their earnings, understanding the varying compensation offered by different types of employers is crucial. Captive agents from companies like State Farm and Allstate may provide solid but capped salaries, while independent agencies and large commercial brokerages often offer greater financial upside through larger books of business and higher renewal commissions. The disparity in pay scales can also be driven by the nature of the insurance sold, with commercial lines offering commission rates that can be five to ten times higher than personal lines. To enhance their compensation effectively, agents in Pawtucket should focus on building a strong network and considering agency ownership, which can lead to long-term financial growth through equity in their business and higher override commissions.
More salary data for Pawtucket, RI:
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 $62,523 for insurance agentsin the Pawtucket 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 Pawtucket 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