Insurance Agent Salary in South Kingstown, RI: $61,553 (2026)
Quick Answer:A full-time insurance agent in South Kingstown, RI earns a median $61,553/year (≈ $29.59/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in South Kingstown's price level (1% above national, BEA RPP 100.5), that paycheck buys what $61,247 would nationally. Nominal pay sits 5.1% below the Rhode Island state average.
Based on BLS state-level estimates · View source
In 2026, insurance agents in South Kingstown, RI are projected to earn a median salary of $61,553, which reflects a competitive 4.60% below the national average of $64,522. The salary range for this profession spans from $38,372 at the 10th percentile to $95,407 at the 90th percentile, indicating the potential for significant income variation based on experience, specialization, and the agent's book of business. These estimates, derived from 2025 BLS data and adjusted for regional price levels, highlight the compounding economics involved in insurance sales, where renewal commissions can significantly enhance long-term earnings. Agents who build substantial books of business through effective client relationships often see this compounded revenue positively impact their compensation over time as they navigate a local job market that employs five insurance agents.
About the South Kingstown Market
Salary estimated from Rhode Island average ($62,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $38,372 | $18.45 |
| Lower Range (P25) | $47,006 | $22.60 |
| Median (P50)(typical) | $61,553 | $29.59 |
| Upper Range (P75) | $78,788 | $37.88 |
| Top Earners (P90) | $95,407 | $45.87 |
Median Salary Position
4.6% below the national average
2026 Salary Percentile Distribution in South Kingstown
In South Kingstown, RI, the insurance agent salary spread from the 10th to 90th percentile is $57,035 (2026 est.). At $61,553, the local median is 4.6% below the national median of $64,522.
Salary Calculator
At 40 hours/week in South Kingstown: You'd be in the lower-middle range
How South Kingstown Insurance Agent Pay Compares
South Kingstown median: $61,553/year (2026)
| Compared To | Median Salary | South Kingstown Pays |
|---|---|---|
| Rhode Island Average | $64,861 | -5.10% less |
| National Average | $64,522 | -4.60% less |
Insurance Agents in South Kingstown, RI earn a median of $61,553 per year (2026 est.), which is 4.60% lower than the national median of $64,522 and 5.10% below the Rhode Island state average of $64,861.
Cost-of-Living Adjusted Salary
South Kingstown has a cost of living 0.50% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
South Kingstown, RI has a cost-of-living index of 100.5 (above the national average of 100). While the nominal salary of $61,553 is competitive, the higher cost of living reduces purchasing power to an effective $61,247 — a 0.5% reduction.
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2019 BLS Actual
$48,596
2025 BLS Actual
$59,414
2026 Current Est.
$61,553
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in South Kingstown (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $48,596 | Actual |
| 2020 | $49,779 | Actual |
| 2021 | $47,546 | Actual |
| 2022 | $55,197 | Actual |
| 2023 | $56,361 | Actual |
| 2024 | $59,147 | Actual |
| 2025 | $59,414 | Actual |
| 2026(current) | $61,553 | Estimated |
| 2027 | $63,769 | Projected |
Based on 7 years of BLS OEWS data for the South Kingstown metropolitan area, the median insurance agent salary grew 22.3% from $48,596 (2019) to $59,414 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $63,769 by 2027 — a total increase of $15,173 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the South Kingstown 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) | $38,372 – $47,006 |
| 3-5 years (Mid Career) | $47,006 – $61,553 |
| 5+ years (Experienced) | $61,553 – $78,788 |
| 10+ years (Top Earner) | $78,788 – $95,407 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in South Kingstown
As you examine the insurance agent pay in South Kingstown, understanding the local job market dynamics becomes essential for those seeking to maximize their income potential. The cost of living index, slightly above the national average at 100.5, indicates that while salaries are competitive, agents must also consider living expenses when assessing take-home purchasing power. Captive agents working with major carriers like State Farm and Allstate may have stable incomes supported by base salaries and training assistance, but they often face caps on their earning potential. Conversely, independent agencies and large brokerages can provide higher commission rates, especially in the commercial lines segment, where commissions can reach 5-10 times those of personal lines. Those looking to enhance their earnings in South Kingstown should focus on building a diverse book of business and gaining expertise in high-demand areas, like commercial insurance, to fully leverage the income potential inherent in the insurance industry.
More salary data for South Kingstown, 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 $59,414 for insurance agentsin the South Kingstown 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 South Kingstown 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