Insurance Agent Salary in Spartanburg, SC: $50,743 (2026)
Quick Answer:A full-time insurance agent in Spartanburg, SC earns a median $50,743/year (≈ $24.40/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Spartanburg's price level (9% below national, BEA RPP 91.1), that paycheck buys what $55,730 would nationally. Nominal pay sits 20.6% below the South Carolina state average.
Official BLS data · View source
In Spartanburg, South Carolina, the projected median annual salary for insurance agents in 2026 is $50,743, reflecting a competitive position within the region. This figure represents an attractive income for those navigating the different structural models of insurance sales, including captive agents like those working for State Farm or Allstate, as well as independent agents and large brokerage firms. The salary range for insurance agents spans from $37,213 at the 10th percentile to $128,723 at the 90th percentile, indicating substantial earning potential for seasoned professionals in the market. These insights emerge from the official Bureau of Labor Statistics (BLS) OEWS surveys, which highlight both the opportunities and challenges faced by agents in this South Carolina city. Given Spartanburg’s evolving job landscape, it remains crucial for aspiring agents to assess how varying office models impact earnings.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $37,213 | $17.89 |
| Lower Range (P25) | $45,947 | $22.09 |
| Median (P50)(typical) | $50,743 | $24.40 |
| Upper Range (P75) | $75,804 | $36.45 |
| Top Earners (P90) | $128,723 | $61.89 |
Median Salary Position
21.36% below the national average
2026 Salary Percentile Distribution in Spartanburg
In Spartanburg, SC, the insurance agent salary spread from the 10th to 90th percentile is $91,510 (2026 est.). At $50,743, the local median is 21.36% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Spartanburg: You'd be in the entry-level range
How Spartanburg Insurance Agent Pay Compares
Spartanburg median: $50,743/year (2026)
| Compared To | Median Salary | Spartanburg Pays |
|---|---|---|
| South Carolina Average | $63,908 | -20.60% less |
| National Average | $64,522 | -21.36% less |
Insurance Agents in Spartanburg, SC earn a median of $50,743 per year (2026 est.), which is 21.36% lower than the national median of $64,522 and 20.60% below the South Carolina state average of $63,908.
Cost-of-Living Adjusted Salary
Spartanburg has a cost of living 8.95% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Spartanburg, SC has a cost-of-living index of 91.051 (below the national average of 100). A insurance agent earning $50,743 nominally has purchasing power equivalent to $55,730 in an average-cost city — an effective 9.83% boost.
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2019 BLS Actual
$35,220
2025 BLS Actual
$48,980
2026 Current Est.
$50,743
2019–2027 Growth
+49.3%
Salary Trajectory for Insurance Agents in Spartanburg (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $35,220 | Actual |
| 2020 | $46,550 | Actual |
| 2021 | $47,040 | Actual |
| 2022 | $35,660 | Actual |
| 2023 | $36,520 | Actual |
| 2024 | $45,270 | Actual |
| 2025 | $48,980 | Actual |
| 2026(current) | $50,743 | Estimated |
| 2027 | $52,570 | Projected |
Based on 7 years of BLS OEWS data for the Spartanburg metropolitan area, the median insurance agent salary grew 39.1% from $35,220 (2019) to $48,980 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $52,570 by 2027 — a total increase of $17,350 (49.26%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Spartanburg 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) | $37,213 – $45,947 |
| 3-5 years (Mid Career) | $45,947 – $50,743 |
| 5+ years (Experienced) | $50,743 – $75,804 |
| 10+ years (Top Earner) | $75,804 – $128,723 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Spartanburg
With around 240 insurance agents currently employed in Spartanburg, the local job market offers ample opportunities, albeit tempered by a cost-of-living index of 91.051. This lower index suggests that take-home purchasing power remains strong, allowing agents to maximize their earnings relative to living expenses. Among the various firms operating in the area, those employing captive agents, particularly large insurance carriers, tend to offer higher compensation than independent agencies. However, independent agents often find opportunities for higher commissions in commercial lines compared to personal lines. The earning gap between lower and higher salaries can largely be attributed to factors like the size of an agent's book of business, the type of lines sold, and whether they operate within a captive or independent framework. For those looking to enhance their pay in Spartanburg, focusing on building a robust client base and cultivating relationships in commercial sectors may result in significant financial rewards.
More salary data for Spartanburg, 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 $48,980 for insurance agentsin the Spartanburg 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