Insurance Agent Salary in Lebanon, TN: $55,849 (2026)
Quick Answer:A full-time insurance agent in Lebanon, TN earns a median $55,849/year (≈ $26.85/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Lebanon's price level (8% below national, BEA RPP 91.8), that paycheck buys what $60,838 would nationally. Nominal pay sits 1.9% below the Tennessee state average.
Based on BLS state-level estimates · View source
In 2026, the salary for insurance agents in Lebanon, TN, is projected to reach a median of $55,849, reflecting the strong potential for income growth within this profession. This salary offers a range from $33,482 at the 10th percentile to $86,565 at the 90th percentile, indicating a diverse income spectrum that allows for significant variance based on experience, performance, and the size of the book of business. Given that these figures are derived from 2025 BLS data, adjusted for local economic conditions, they highlight how insurance agent pay in Lebanon is currently below the national median of $64,522, with a difference that signals the need for professionals to capitalize on renewal commissions and cultivate long-term client relationships, which are essential to maximizing earnings in this competitive market.
About the Lebanon Market
Salary estimated from Tennessee average ($55,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $33,482 | $16.10 |
| Lower Range (P25) | $41,491 | $19.94 |
| Median (P50)(typical) | $55,849 | $26.85 |
| Upper Range (P75) | $71,486 | $34.36 |
| Top Earners (P90) | $86,565 | $41.62 |
Median Salary Position
13.44% below the national average
2026 Salary Percentile Distribution in Lebanon
In Lebanon, TN, the insurance agent salary spread from the 10th to 90th percentile is $53,083 (2026 est.). At $55,849, the local median is 13.44% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Lebanon: You'd be in the lower-middle range
How Lebanon Insurance Agent Pay Compares
Lebanon median: $55,849/year (2026)
| Compared To | Median Salary | Lebanon Pays |
|---|---|---|
| Tennessee Average | $56,930 | -1.90% less |
| National Average | $64,522 | -13.44% less |
Insurance Agents in Lebanon, TN earn a median of $55,849 per year (2026 est.), which is 13.44% lower than the national median of $64,522 and 1.90% below the Tennessee state average of $56,930.
Cost-of-Living Adjusted Salary
Lebanon has a cost of living 8.20% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Lebanon, TN has a cost-of-living index of 91.8 (below the national average of 100). A insurance agent earning $55,849 nominally has purchasing power equivalent to $60,838 in an average-cost city — an effective 8.93% boost.
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2019 BLS Actual
$44,092
2025 BLS Actual
$53,908
2026 Current Est.
$55,849
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Lebanon (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $44,092 | Actual |
| 2020 | $45,166 | Actual |
| 2021 | $43,140 | Actual |
| 2022 | $50,082 | Actual |
| 2023 | $51,138 | Actual |
| 2024 | $49,541 | Actual |
| 2025 | $53,908 | Actual |
| 2026(current) | $55,849 | Estimated |
| 2027 | $57,859 | Projected |
Based on 7 years of BLS OEWS data for the Lebanon metropolitan area, the median insurance agent salary grew 22.3% from $44,092 (2019) to $53,908 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $57,859 by 2027 — a total increase of $13,767 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Lebanon 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) | $33,482 – $41,491 |
| 3-5 years (Mid Career) | $41,491 – $55,849 |
| 5+ years (Experienced) | $55,849 – $71,486 |
| 10+ years (Top Earner) | $71,486 – $86,565 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Lebanon
The local job market for insurance agents in Lebanon comprises around 10 professionals, indicating a relatively small yet potentially tight-knit community of agents. With a cost of living index at 91.8, the purchasing power for agents is bolstered compared to more expensive metropolitan areas. Captive agents working for established carriers such as State Farm and Allstate may see more stable initial compensation packages due to sign-on bonuses and structured training programs, while independent agents and those within larger brokerages like Aon or Marsh often have higher earning potential through larger books of business, particularly in commercial insurance which offers 5-10 times the commissions of personal lines. Professionals looking to maximize their pay should focus on expanding their commercial offerings and nurturing their renewal streams, as well as considering strategies for ownership equity and producer overrides, which can significantly enhance long-term financial benefits in the Lebanon insurance market.
More salary data for Lebanon, TN:
Frequently Asked Questions
How much do insurance agents make in Lebanon, TN in 2026?
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Can insurance agents make $100K in Lebanon?
What is the cost-of-living adjusted insurance agent salary in Lebanon?
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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 $53,908 for insurance agentsin the Lebanon 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 Lebanon 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