Insurance Agent Salary in The Colony, TX: $47,332 (2026)
Quick Answer:A full-time insurance agent in The Colony, TX earns a median $47,332/year (≈ $22.75/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in The Colony's price level (4% below national, BEA RPP 96.0), that paycheck buys what $49,304 would nationally. Nominal pay sits 2.2% below the Texas state average.
Based on BLS state-level estimates · View source
In The Colony, TX, insurance agents can expect a median annual salary of $47,332, reflecting the local market dynamics that differ from the national average, which is significantly higher at $64,522. The salary range for this occupation is notably broad, from a low of $28,126 (P10) to a high of $73,364 (P90), indicating substantial variability based on experience, specialization, and client base. These figures represent estimates based on 2025 BLS data, projected to 2026, adjusted for regional cost considerations. Factors contributing to the different levels of commission include whether agents are focused on personal lines versus commercial or specialty lines, with the latter traditionally offering higher commissions. Given these insights, the local job market presents varied earning potential for specialists in The Colony.
About the The Colony Market
Salary estimated from Texas average ($65,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $28,126 | $13.52 |
| Lower Range (P25) | $34,980 | $16.81 |
| Median (P50)(typical) | $47,332 | $22.75 |
| Upper Range (P75) | $60,584 | $29.12 |
| Top Earners (P90) | $73,364 | $35.28 |
Median Salary Position
26.64% below the national average
2026 Salary Percentile Distribution in The Colony
In The Colony, TX, the insurance agent salary spread from the 10th to 90th percentile is $45,238 (2026 est.). At $47,332, the local median is 26.64% below the national median of $64,522.
Salary Calculator
At 40 hours/week in The Colony: You'd be in the lower-middle range
How The Colony Insurance Agent Pay Compares
The Colony median: $47,332/year (2026)
| Compared To | Median Salary | The Colony Pays |
|---|---|---|
| Texas Average | $48,396 | -2.20% less |
| National Average | $64,522 | -26.64% less |
Insurance Agents in The Colony, TX earn a median of $47,332 per year (2026 est.), which is 26.64% lower than the national median of $64,522 and 2.20% below the Texas state average of $48,396.
Cost-of-Living Adjusted Salary
The Colony 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.
The Colony, TX has a cost-of-living index of 96 (below the national average of 100). A insurance agent earning $47,332 nominally has purchasing power equivalent to $49,304 in an average-cost city — an effective 4.17% boost.
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2019 BLS Actual
$37,368
2025 BLS Actual
$45,687
2026 Current Est.
$47,332
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in The Colony (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $37,368 | Actual |
| 2020 | $38,278 | Actual |
| 2021 | $36,561 | Actual |
| 2022 | $42,445 | Actual |
| 2023 | $43,340 | Actual |
| 2024 | $61,034 | Actual |
| 2025 | $45,687 | Actual |
| 2026(current) | $47,332 | Estimated |
| 2027 | $49,036 | Projected |
Based on 7 years of BLS OEWS data for the The Colony metropolitan area, the median insurance agent salary grew 22.3% from $37,368 (2019) to $45,687 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $49,036 by 2027 — a total increase of $11,668 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the The Colony 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) | $28,126 – $34,980 |
| 3-5 years (Mid Career) | $34,980 – $47,332 |
| 5+ years (Experienced) | $47,332 – $60,584 |
| 10+ years (Top Earner) | $60,584 – $73,364 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in The Colony
Looking deeper into the job market in The Colony, there are currently only 9 insurance agents employed locally, pointing to both a niche market and potential for growth. With a cost-of-living index sitting at 96, compensation must align with local purchasing power, which is slightly below the national average. Captive agents at established companies like State Farm or Allstate may initially offer training pay and sign-on bonuses, but they typically have a ceiling on earnings compared to independent agents who can diversify their portfolios across multiple carriers. Additionally, those engaged in commercial lines benefit from significantly higher commissions—often 5 to 10 times greater than personal lines—fueling the disparity in pay. For agents looking to maximize their earnings in The Colony, focusing on building a strong book of business within commercial or specialty lines, pursuing additional credentials like CPCU, and considering a move to a multi-carrier brokerage could lead to enhanced financial opportunities.
More salary data for The Colony, 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 $45,687 for insurance agentsin the The Colony 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 The Colony 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