Insurance Agent Salary in Riverton, WY: $57,724 (2026)
Quick Answer:A full-time insurance agent in Riverton, WY earns a median $57,724/year (≈ $27.75/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Riverton's price level (4% below national, BEA RPP 95.8), that paycheck buys what $60,255 would nationally. Nominal pay sits 6.6% below the Wyoming state average.
Based on BLS state-level estimates · View source
In 2026, insurance agents in Riverton, Wyoming, are projected to earn a median annual salary of $57,724, which is about 10.54% lower than the national median of $64,522. The salary range for these professionals spans from $38,847 at the 10th percentile to $89,472 at the 90th percentile, reflecting varying levels of experience and business models. These figures are derived from estimates based on 2025 BLS data and regional cost adjustments, highlighting the pay disparities influenced by the structural divide in the insurance market. In Riverton, captive agents associated with major carriers like State Farm and Allstate may have more predictable earnings, while independent agents and those at large brokerages could have greater income potential, especially in commercial lines where commissions are substantially higher.
About the Riverton Market
Salary estimated from Wyoming average ($52,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $38,847 | $18.68 |
| Lower Range (P25) | $45,844 | $22.04 |
| Median (P50)(typical) | $57,724 | $27.75 |
| Upper Range (P75) | $73,886 | $35.52 |
| Top Earners (P90) | $89,472 | $43.01 |
Median Salary Position
10.54% below the national average
2026 Salary Percentile Distribution in Riverton
In Riverton, WY, the insurance agent salary spread from the 10th to 90th percentile is $50,625 (2026 est.). At $57,724, the local median is 10.54% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Riverton: You'd be in the lower-middle range
How Riverton Insurance Agent Pay Compares
Riverton median: $57,724/year (2026)
| Compared To | Median Salary | Riverton Pays |
|---|---|---|
| Wyoming Average | $61,803 | -6.60% less |
| National Average | $64,522 | -10.54% less |
Insurance Agents in Riverton, WY earn a median of $57,724 per year (2026 est.), which is 10.54% lower than the national median of $64,522 and 6.60% below the Wyoming state average of $61,803.
Cost-of-Living Adjusted Salary
Riverton 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.
Riverton, WY has a cost-of-living index of 95.8 (below the national average of 100). A insurance agent earning $57,724 nominally has purchasing power equivalent to $60,255 in an average-cost city — an effective 4.38% boost.
Compare Purchasing Power
Select a city to see how your salary compares after cost of living
Select a city above to compare purchasing power
2019 BLS Actual
$45,573
2025 BLS Actual
$55,718
2026 Current Est.
$57,724
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Riverton (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $45,573 | Actual |
| 2020 | $46,682 | Actual |
| 2021 | $44,589 | Actual |
| 2022 | $51,764 | Actual |
| 2023 | $52,855 | Actual |
| 2024 | $46,522 | Actual |
| 2025 | $55,718 | Actual |
| 2026(current) | $57,724 | Estimated |
| 2027 | $59,802 | Projected |
Based on 7 years of BLS OEWS data for the Riverton metropolitan area, the median insurance agent salary grew 22.3% from $45,573 (2019) to $55,718 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $59,802 by 2027 — a total increase of $14,229 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Riverton 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) | $38,847 – $45,844 |
| 3-5 years (Mid Career) | $45,844 – $57,724 |
| 5+ years (Experienced) | $57,724 – $73,886 |
| 10+ years (Top Earner) | $73,886 – $89,472 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Riverton
Currently, Riverton employs just four insurance agents, indicating a niche but possibly saturated market. The local cost of living index stands at 95.8, suggesting that despite a lower median salary compared to the national average, agents may experience a favorable purchasing power in the area. Top employers tend to be captive companies and large commercial brokerages, which often place a premium on experienced agents who can manage larger books of business. The stark pay variation can be attributed to factors such as commission structure, agency ownership, and the focus on commercial versus personal lines. For those considering a career as an insurance agent in Riverton, developing a strong book of business and diversifying into higher-commission markets like commercial insurance could significantly enhance overall earnings.
More salary data for Riverton, WY:
Frequently Asked Questions
How much do insurance agents make in Riverton, WY in 2026?
Is Riverton, WY a good place to work as a insurance agent?
Can insurance agents make $100K in Riverton?
What is the cost-of-living adjusted insurance agent salary in Riverton?
How much does a insurance agent make per hour in Riverton?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in Wyoming
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 $55,718 for insurance agentsin the Riverton 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 Riverton 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