Insurance Agent Salary in Richardson, TX: $48,990 (2026)
Quick Answer:A full-time insurance agent in Richardson, TX earns a median $48,990/year (≈ $23.55/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Richardson's price level (4% below national, BEA RPP 96.0), that paycheck buys what $51,031 would nationally. Nominal pay sits 1.2% above the Texas state average.
Based on BLS state-level estimates · View source
Insurance agents in Richardson, TX, are projected to earn a median annual salary of $48,990 in 2026, which is notably lower than the national median of $64,522, reflecting a regional pay discrepancy that can influence career choice and agency dynamics. The compensation for this role ranges from $28,414 at the 10th percentile to $75,935 at the 90th percentile, showcasing a wide variety of pay based on experience and agency type. This local estimate, based on 2025 BLS data projected to 2026, illustrates the competitive nature of the insurance market in Richardson amidst a structural divide between captive agents representing single carriers like State Farm and Allstate, independent agencies, and larger commercial brokerages.
About the Richardson Market
Salary estimated from Texas average ($65,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $28,414 | $13.66 |
| Lower Range (P25) | $37,868 | $18.20 |
| Median (P50)(typical) | $48,990 | $23.55 |
| Upper Range (P75) | $62,708 | $30.15 |
| Top Earners (P90) | $75,935 | $36.51 |
Median Salary Position
24.07% below the national average
2026 Salary Percentile Distribution in Richardson
In Richardson, TX, the insurance agent salary spread from the 10th to 90th percentile is $47,521 (2026 est.). At $48,990, the local median is 24.07% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Richardson: You'd be in the lower-middle range
How Richardson Insurance Agent Pay Compares
Richardson median: $48,990/year (2026)
| Compared To | Median Salary | Richardson Pays |
|---|---|---|
| Texas Average | $48,409 | +1.20% more |
| National Average | $64,522 | -24.07% less |
Insurance Agents in Richardson, TX earn a median of $48,990 per year (2026 est.), which is 24.07% lower than the national median of $64,522 and 1.20% above the Texas state average of $48,409.
Cost-of-Living Adjusted Salary
Richardson has a cost of living 4.00% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Richardson, TX has a cost-of-living index of 96 (below the national average of 100). A insurance agent earning $48,990 nominally has purchasing power equivalent to $51,031 in an average-cost city — an effective 4.17% boost.
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2019 BLS Actual
$38,678
2025 BLS Actual
$47,288
2026 Current Est.
$48,990
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Richardson (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $38,678 | Actual |
| 2020 | $39,619 | Actual |
| 2021 | $37,843 | Actual |
| 2022 | $43,932 | Actual |
| 2023 | $44,858 | Actual |
| 2024 | $63,173 | Actual |
| 2025 | $47,288 | Actual |
| 2026(current) | $48,990 | Estimated |
| 2027 | $50,754 | Projected |
Based on 7 years of BLS OEWS data for the Richardson metropolitan area, the median insurance agent salary grew 22.3% from $38,678 (2019) to $47,288 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $50,754 by 2027 — a total increase of $12,076 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Richardson 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) | $28,414 – $37,868 |
| 3-5 years (Mid Career) | $37,868 – $48,990 |
| 5+ years (Experienced) | $48,990 – $62,708 |
| 10+ years (Top Earner) | $62,708 – $75,935 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Richardson
In terms of employment opportunities, Richardson hosts 24 practicing insurance agents, signaling a modest but stable job market. The cost-of-living index in the area is pegged at 96, slightly below the national average, which impacts how effectively agents can utilize their earnings. Within this landscape, captive agents might experience more stability in pay due to training programs and sign-on bonuses, yet they often face capped earnings potential compared to independent brokers and commercial agencies that can significantly increase commissions based on book size and client retention. Factors such as agency ownership, the type of insurance sold—commercial lines generally providing better compensation than personal lines—and renewal commissions can greatly influence earnings. To optimize pay, agents should consider gaining CPCU or CIC credentials, which may enhance credibility and open up higher-paying opportunities, particularly within commercial lines or brokerages.
More salary data for Richardson, TX:
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 $47,288 for insurance agentsin the Richardson 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 Richardson 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