Insurance Agent Salary in Powell, WY: $57,120 (2026)
Quick Answer:A full-time insurance agent in Powell, WY earns a median $57,120/year (≈ $27.46/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Powell's price level (4% below national, BEA RPP 95.8), that paycheck buys what $59,624 would nationally. Nominal pay sits 7.6% below the Wyoming state average.
Based on BLS state-level estimates · View source
In Powell, Wyoming, the projected salary for insurance agents in 2026 stands at $57,120, which reflects an emerging trend favoring independent and commercial brokerage models over traditional captive agencies, such as State Farm and Allstate. The salary range is broad, with entry-level positions starting around $37,181 and reaching up to $88,536 for those with considerable experience and a robust book of business. These figures are derived from state-level estimates based on 2025 BLS data and adjusted for local cost of living, which is currently indexed at 95.8, indicating that the purchasing power of earnings in Powell may be relatively favorable compared to more expensive markets. The dynamic among insurance agents in Powell suggests a competitive environment, where remuneration can significantly vary based on the nature of the agency and the lines of insurance being sold.
About the Powell Market
Salary estimated from Wyoming average ($52,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $37,181 | $17.87 |
| Lower Range (P25) | $44,629 | $21.46 |
| Median (P50)(typical) | $57,120 | $27.46 |
| Upper Range (P75) | $73,114 | $35.15 |
| Top Earners (P90) | $88,536 | $42.57 |
Median Salary Position
11.47% below the national average
2026 Salary Percentile Distribution in Powell
In Powell, WY, the insurance agent salary spread from the 10th to 90th percentile is $51,355 (2026 est.). At $57,120, the local median is 11.47% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Powell: You'd be in the lower-middle range
How Powell Insurance Agent Pay Compares
Powell median: $57,120/year (2026)
| Compared To | Median Salary | Powell Pays |
|---|---|---|
| Wyoming Average | $61,818 | -7.60% less |
| National Average | $64,522 | -11.47% less |
Insurance Agents in Powell, WY earn a median of $57,120 per year (2026 est.), which is 11.47% lower than the national median of $64,522 and 7.60% below the Wyoming state average of $61,818.
Cost-of-Living Adjusted Salary
Powell has a cost of living 4.20% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Powell, WY has a cost-of-living index of 95.8 (below the national average of 100). A insurance agent earning $57,120 nominally has purchasing power equivalent to $59,624 in an average-cost city — an effective 4.38% boost.
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2019 BLS Actual
$45,096
2025 BLS Actual
$55,135
2026 Current Est.
$57,120
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Powell (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $45,096 | Actual |
| 2020 | $46,194 | Actual |
| 2021 | $44,122 | Actual |
| 2022 | $51,222 | Actual |
| 2023 | $52,302 | Actual |
| 2024 | $46,035 | Actual |
| 2025 | $55,135 | Actual |
| 2026(current) | $57,120 | Estimated |
| 2027 | $59,176 | Projected |
Based on 7 years of BLS OEWS data for the Powell metropolitan area, the median insurance agent salary grew 22.3% from $45,096 (2019) to $55,135 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $59,176 by 2027 — a total increase of $14,080 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Powell 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) | $37,181 – $44,629 |
| 3-5 years (Mid Career) | $44,629 – $57,120 |
| 5+ years (Experienced) | $57,120 – $73,114 |
| 10+ years (Top Earner) | $73,114 – $88,536 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Powell
Taking a closer look at the job market reveals that Powell employs six insurance agents, demonstrating a tight-knit community within the industry. Despite the lower cost of living, the average compensation for these professionals tends to lag behind the national rate, which can affect the effective purchasing power of insurance agent pay in Powell, WY. Notably, captive agents at established companies often have foundational salaries but may encounter limitations in growth due to cap structures on commissions, while agents in independent agencies or commercial brokerages can capitalize on substantial earnings potential through varied clientele and more lucrative commercial lines. To maximize income in this particular market, agents should focus on building a diverse portfolio that includes both personal and commercial lines, seeking opportunities for agency ownership or higher commission models while obtaining relevant professional designations such as CPCU or CIC to enhance their credibility and expertise.
More salary data for Powell, WY:
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 $55,135 for insurance agentsin the Powell 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 Powell 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