Insurance Agent Salary in Florence, SC: $64,688 (2026)
Quick Answer:A full-time insurance agent in Florence, SC earns a median $64,688/year (≈ $31.10/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Florence's price level (13% below national, BEA RPP 86.8), that paycheck buys what $74,548 would nationally. Nominal pay sits 1.2% above the South Carolina state average.
Official BLS data · View source
In 2026, the projected insurance agent salary in Florence, SC, hits a median of $64,688, slightly above the national median of $64,522. This reflects a modest increase in earning potential for local agents, who find themselves within a substantial salary range from $36,902 at the 10th percentile to $136,856 at the 90th percentile. These figures, derived from the Bureau of Labor Statistics (BLS) OEWS surveys, indicate a growing job market for insurance agents in Florence, especially as the demand for both personal and commercial lines evolves. Agents specializing in commercial insurance often enjoy significantly higher commissions compared to their personal lines counterparts, thus creating a notable pay gradient that influences overall earnings in the area.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $36,902 | $17.74 |
| Lower Range (P25) | $50,546 | $24.30 |
| Median (P50)(typical) | $64,688 | $31.10 |
| Upper Range (P75) | $101,124 | $48.62 |
| Top Earners (P90) | $136,856 | $65.80 |
Median Salary Position
0.26% above the national average
2026 Salary Percentile Distribution in Florence
In Florence, SC, the insurance agent salary spread from the 10th to 90th percentile is $99,954 (2026 est.). At $64,688, the local median is 0.26% above the national median of $64,522.
Salary Calculator
At 40 hours/week in Florence: You'd be in the lower-middle range
How Florence Insurance Agent Pay Compares
Florence median: $64,688/year (2026)
| Compared To | Median Salary | Florence Pays |
|---|---|---|
| South Carolina Average | $63,921 | +1.20% more |
| National Average | $64,522 | +0.26% more |
Insurance Agents in Florence, SC earn a median of $64,688 per year (2026 est.), which is 0.26% higher than the national median of $64,522 and 1.20% above the South Carolina state average of $63,921.
Cost-of-Living Adjusted Salary
Florence has a cost of living 13.23% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Florence, SC has a cost-of-living index of 86.774 (below the national average of 100). A insurance agent earning $64,688 nominally has purchasing power equivalent to $74,548 in an average-cost city — an effective 15.24% boost.
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2019 BLS Actual
$49,150
2025 BLS Actual
$62,440
2026 Current Est.
$64,688
2019–2027 Growth
+36.4%
Salary Trajectory for Insurance Agents in Florence (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $49,150 | Actual |
| 2020 | $42,230 | Actual |
| 2021 | $37,960 | Actual |
| 2022 | $48,380 | Actual |
| 2023 | $48,050 | Actual |
| 2024 | $76,500 | Actual |
| 2025 | $62,440 | Actual |
| 2026(current) | $64,688 | Estimated |
| 2027 | $67,017 | Projected |
Based on 7 years of BLS OEWS data for the Florence metropolitan area, the median insurance agent salary grew 27.0% from $49,150 (2019) to $62,440 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $67,017 by 2027 — a total increase of $17,867 (36.35%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Florence 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) | $36,902 – $50,546 |
| 3-5 years (Mid Career) | $50,546 – $64,688 |
| 5+ years (Experienced) | $64,688 – $101,124 |
| 10+ years (Top Earner) | $101,124 – $136,856 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Florence
With approximately 260 insurance agents currently operating in Florence, the local job market appears robust, particularly for those willing to adapt to the shifting dynamics between captive agencies and independent brokerages. The cost-of-living index for Florence stands at 86.774, indicating that agents can stretch their take-home pay further compared to the national average, effectively enhancing their purchasing power. Employers vary widely in compensation structures; typically, captive agents at firms like State Farm and Allstate may offer steady incomes with benefits but can be limited in commission potential. In contrast, independent agencies and major brokerages like Aon and Marsh tend to provide more lucrative opportunities, particularly for agents focusing on commercial insurance. To maximize earnings, aspiring agents should consider building a diverse book of business, engaging in continuous education such as CPCU, and targeting high-commission commercial lines which can significantly increase their earning potential in Florence, SC.
More salary data for Florence, SC:
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 $62,440 for insurance agentsin the Florence 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