Insurance Agent Salary in Park City, UT: $50,764 (2026)
Quick Answer:A full-time insurance agent in Park City, UT earns a median $50,764/year (≈ $24.41/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Park City's price level (2% below national, BEA RPP 98.1), that paycheck buys what $51,747 would nationally. Nominal pay sits 6.8% below the Utah state average.
Based on BLS state-level estimates · View source
In 2026, insurance agents in Park City, UT, can anticipate a median annual salary of $50,764, which reflects a notable decrease of approximately 21.32% compared to the national median of $64,522 for the same year. The salary range for these professionals varies significantly, with entry-level positions starting at $33,762 (P10) and the highest earners reaching up to $78,684 (P90). These figures are derived from estimates based on 2025 BLS data and adjusted for local economic conditions, revealing a unique market for insurance agents in this picturesque mountain town. Agents specializing in personal lines may find themselves earning less than their counterparts in commercial or specialty lines due to differing commission structures; commercial insurance often yields higher returns due to complex policies and larger coverage amounts.
About the Park City Market
Salary estimated from Utah average ($55,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $33,762 | $16.23 |
| Lower Range (P25) | $40,185 | $19.32 |
| Median (P50)(typical) | $50,764 | $24.41 |
| Upper Range (P75) | $64,978 | $31.24 |
| Top Earners (P90) | $78,684 | $37.82 |
Median Salary Position
21.32% below the national average
2026 Salary Percentile Distribution in Park City
In Park City, UT, the insurance agent salary spread from the 10th to 90th percentile is $44,922 (2026 est.). At $50,764, the local median is 21.32% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Park City: You'd be in the lower-middle range
How Park City Insurance Agent Pay Compares
Park City median: $50,764/year (2026)
| Compared To | Median Salary | Park City Pays |
|---|---|---|
| Utah Average | $54,468 | -6.80% less |
| National Average | $64,522 | -21.32% less |
Insurance Agents in Park City, UT earn a median of $50,764 per year (2026 est.), which is 21.32% lower than the national median of $64,522 and 6.80% below the Utah state average of $54,468.
Cost-of-Living Adjusted Salary
Park City has a cost of living 1.90% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Park City, UT has a cost-of-living index of 98.1 (below the national average of 100). A insurance agent earning $50,764 nominally has purchasing power equivalent to $51,747 in an average-cost city — an effective 1.94% boost.
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2019 BLS Actual
$40,078
2025 BLS Actual
$49,000
2026 Current Est.
$50,764
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Park City (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $40,078 | Actual |
| 2020 | $41,054 | Actual |
| 2021 | $39,213 | Actual |
| 2022 | $45,522 | Actual |
| 2023 | $46,482 | Actual |
| 2024 | $50,282 | Actual |
| 2025 | $49,000 | Actual |
| 2026(current) | $50,764 | Estimated |
| 2027 | $52,592 | Projected |
Based on 7 years of BLS OEWS data for the Park City metropolitan area, the median insurance agent salary grew 22.3% from $40,078 (2019) to $49,000 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $52,592 by 2027 — a total increase of $12,514 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Park City 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) | $33,762 – $40,185 |
| 3-5 years (Mid Career) | $40,185 – $50,764 |
| 5+ years (Experienced) | $50,764 – $64,978 |
| 10+ years (Top Earner) | $64,978 – $78,684 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Park City
Despite a modest number of insurance agents employed—only five in the Park City area—these professionals operate in a local job market that offers competitive opportunities, especially for those who understand the nuances of commercial versus personal lines. The cost of living index in Park City is 98.1, slightly below the national average, which indicates that take-home pay will stretch further in this scenic location. Captive agents working with established companies like State Farm or Allstate typically start with benefits like training and sign-on bonuses, but this model may limit earning potential compared to independent agencies or large brokerages that handle diverse commercial accounts. The disparity in pay largely stems from factors such as the size of an agent's book of business, which directly influences renewal commissions, as well as the potential upside available for independent agents who can cultivate their own clientele. For agents looking to maximize their earnings in Park City, focusing on building a strong network, pursuing further credentials like CPCU or CIC, and considering a move to a commercial brokerage could lead to significant boosts in income over time.
More salary data for Park City, UT:
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 $49,000 for insurance agentsin the Park City 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 Park City 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