Insurance Agent Hourly Pay in Edina, MN: $31.39 (2026)
Quick Answer:Hourly pay for a insurance agent working in Edina, MN runs $31.39 at the median for 2026 — annualizing to $65,301 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Edina's regional price level (BEA RPP 98.5, 1% below national), each hour of work buys what $31.87 nationally would. A 24-hour part-time schedule grosses $39,176 per year.
Based on BLS state-level estimates · View source
In Edina, Minnesota, the insurance agent hourly pay stands at a median rate of $31.39. This figure reflects a slight uptick compared to the national median hourly rate of $31.02. For those opting for part-time employment, such as a typical workweek of three days, this translates to a moderately stable income in settings like captive agent storefronts, independent agency offices, or remote policy quoting environments. For entry-level positions, hourly pay starts at around $19.01, while more experienced agents can earn upwards of $48.66. It’s important to note that these hourly estimates are drawn from annual salary data, providing a solid framework for understanding potential earnings in various agency types throughout Edina.
About the Edina Market
Salary estimated from Minnesota average ($68,000) adjusted for local cost of living.
Insurance Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $19.01 | $152.08 |
| Lower Range (P25) | $23.54 | $188.30 |
| Median (P50) | $31.39 | $251.13 |
| Upper Range (P75) | $40.19 | $321.49 |
| Top Earners (P90) | $48.66 | $389.29 |
Estimated Annual Income by Work Schedule in Edina
Based on $31.39/hr median hourly rate · 2026 est.
At $31.39/hr, a insurance agent working full-time (40 hr/wk) in Edina, MN can expect to earn approximately $65,293 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $37,669. With a cost-of-living index of 98.50 (below the national average), these earnings stretch further in Edina.
Hourly Rate Calculator
Schedule Comparison in Edina
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,255.63 | $5,441 | $65,293 |
| Part-Time (24 hrs) | $753.38 | $3,265 | $39,176 |
| Per Diem (16 hrs) | $502.25 | $2,176 | $26,117 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Edina) | $31.39 |
| Real Estate Sales Agent (National Avg) | $32.36 |
| Personal Financial Advisor (National Avg) | $51.62 |
| Insurance Underwriter (National Avg) | $37.70 |
| Claims Adjuster (National Avg) | $35.30 |
Insurance Agents in Edina, MN earn a median of $65,301 per year (2026 est.), which is 1.21% higher than the national median of $64,522 and 3.30% below the Minnesota state average of $67,530.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $31.39/hr = $39,176/year (purchasing power: $39,772).
Working 40h/week (full-time) = $65,293/year (purchasing power: $66,287).
CoL index: 98.5 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$24.78/hr
2025 BLS Actual
$30.30/hr
2026 Current Est.
$31.39/hr
2019–2027 Growth
+31.2%
Hourly Rate Trajectory for Insurance Agents in Edina (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $24.78/hr | Actual |
| 2020 | $25.39/hr | Actual |
| 2021 | $24.25/hr | Actual |
| 2022 | $28.15/hr | Actual |
| 2023 | $28.74/hr | Actual |
| 2024 | $31.13/hr | Actual |
| 2025 | $30.30/hr | Actual |
| 2026(current) | $31.39/hr | Estimated |
| 2027 | $32.52/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Edina grew 22.3% from $24.78/hr (2019) to $30.30/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $32.52/hr by 2027. Part-time and per-diem insurance agents can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Edina 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.
Working as an Hourly Insurance Agent in Edina
Considering part-time opportunities, an insurance agent working 24 hours a week at the median hourly rate would see an annual take-home amount significantly lower than their full-time counterparts. For the per diem insurance agent pay in Edina, it’s not common to see compensation based solely on hourly rates due to the prevalent commission-based pay structure in this field. For example, consulting arrangements with risk managers, often former brokers with recognizable credentials like CPCU, can yield earnings between $200 and $400 per hour, while expert witnesses in coverage disputes can command $300 to $600 per hour. Across different employment types, captive agents at companies such as State Farm and Allstate may offer lower hourly rates but generally provide stable benefits. Meanwhile, independent agencies and large brokerages often demand higher specific expertise but may lack the same level of support. Negotiating pay can involve weighing these trade-offs: higher wages may come with fewer benefits, while lower rates might include comprehensive health packages.
More salary data for Edina, MN:
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
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 3.60% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for insurance agents in Edina. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Edina 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