Insurance Agent Salary in Staunton, VA: $62,678 (2026)
Quick Answer:A full-time insurance agent in Staunton, VA earns a median $62,678/year (≈ $30.14/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Staunton's price level (9% below national, BEA RPP 91.1), that paycheck buys what $68,780 would nationally. Nominal pay sits 3.6% above the Virginia state average.
Official BLS data · View source
In Staunton, Virginia, the projected median annual compensation for insurance agents in 2026 is $62,678, which falls slightly below the national median of $64,522. This salary range varies widely, from $46,920 at the 10th percentile to $160,559 at the 90th percentile, reflecting the diverse market dynamics within the industry. Based on 2025 BLS OEWS data projected to 2026, the local market is characterized by a strong presence of captive agents, particularly from well-known carriers like State Farm and Allstate. In contrast, independent agencies and commercial brokerages are gradually gaining ground, influencing salary structures and opportunities available to agents in Staunton.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $46,920 | $22.56 |
| Lower Range (P25) | $48,433 | $23.28 |
| Median (P50)(typical) | $62,678 | $30.14 |
| Upper Range (P75) | $105,113 | $50.54 |
| Top Earners (P90) | $160,559 | $77.19 |
Median Salary Position
2.86% below the national average
2026 Salary Percentile Distribution in Staunton
In Staunton, VA, the insurance agent salary spread from the 10th to 90th percentile is $113,639 (2026 est.). At $62,678, the local median is 2.86% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Staunton: You'd be in the entry-level range
How Staunton Insurance Agent Pay Compares
Staunton median: $62,678/year (2026)
| Compared To | Median Salary | Staunton Pays |
|---|---|---|
| Virginia Average | $60,500 | +3.60% more |
| National Average | $64,522 | -2.86% less |
Insurance Agents in Staunton, VA earn a median of $62,678 per year (2026 est.), which is 2.86% lower than the national median of $64,522 and 3.60% above the Virginia state average of $60,500.
Cost-of-Living Adjusted Salary
Staunton has a cost of living 8.87% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Staunton, VA has a cost-of-living index of 91.128 (below the national average of 100). A insurance agent earning $62,678 nominally has purchasing power equivalent to $68,780 in an average-cost city — an effective 9.74% boost.
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2019 BLS Actual
$37,130
2025 BLS Actual
$60,500
2026 Current Est.
$62,678
2019–2027 Growth
+74.9%
Salary Trajectory for Insurance Agents in Staunton (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $37,130 | Actual |
| 2020 | $39,230 | Actual |
| 2021 | $46,270 | Actual |
| 2022 | $47,170 | Actual |
| 2023 | $56,210 | Actual |
| 2024 | $58,210 | Actual |
| 2025 | $60,500 | Actual |
| 2026(current) | $62,678 | Estimated |
| 2027 | $64,934 | Projected |
Based on 7 years of BLS OEWS data for the Staunton metropolitan area, the median insurance agent salary grew 62.9% from $37,130 (2019) to $60,500 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $64,934 by 2027 — a total increase of $27,804 (74.88%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Staunton 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) | $46,920 – $48,433 |
| 3-5 years (Mid Career) | $48,433 – $62,678 |
| 5+ years (Experienced) | $62,678 – $105,113 |
| 10+ years (Top Earner) | $105,113 – $160,559 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Staunton
The insurance agent job market in Staunton currently employs around 80 agents, which, coupled with a cost of living index of 91.128, indicates a relatively favorable environment for insurance agent pay in Staunton VA. This lower cost of living enhances purchasing power, allowing agents to maximize their earnings effectively. While captive agents from major carriers tend to offer robust training and benefits, independent agents often enjoy greater commission flexibility with the potential for higher earnings, especially in commercial lines. Factors such as the size of a book of business, type of clientele, and market competition play critical roles in determining pay disparities. To optimize earning potential, agents should consider pursuing additional credentials like CPCU, focusing on building a diverse portfolio of policies, and exploring opportunities within larger commercial brokerages, which tend to yield higher compensation than personal lines roles.
More salary data for Staunton, VA:
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 $60,500 for insurance agentsin the Staunton 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