Insurance Agent Hourly Pay in Southaven, MS: $26.15 (2026)
Quick Answer:Hourly pay for a insurance agent working in Southaven, MS runs $26.15 at the median for 2026 — annualizing to $54,394 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Southaven's regional price level (BEA RPP 85.7, 14% below national), each hour of work buys what $30.51 nationally would. A 24-hour part-time schedule grosses $32,634 per year.
Based on BLS state-level estimates · View source
In Southaven, Mississippi, the projected median hourly pay for an insurance agent stands at $26.15, which is significantly lower than the national median of $31.02. This discrepancy may affect those looking to work part-time or as per-diem agents within various environments, like captive agent storefronts, independent agency offices, or during client business visits for commercial inspections. For entry-level positions, hourly rates begin at approximately $16.56, while experienced agents can earn up to $40.54 per hour. These figures highlight a broad spectrum of earnings that stem from commission-based work and the typical wage estimates derived from annual salary data.
About the Southaven Market
Salary estimated from Mississippi average ($45,000) adjusted for local cost of living.
Insurance Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $16.56 | $132.44 |
| Lower Range (P25) | $20.14 | $161.12 |
| Median (P50) | $26.15 | $209.19 |
| Upper Range (P75) | $33.47 | $267.79 |
| Top Earners (P90) | $40.54 | $324.31 |
Estimated Annual Income by Work Schedule in Southaven
Based on $26.15/hr median hourly rate · 2026 est.
At $26.15/hr, a insurance agent working full-time (40 hr/wk) in Southaven, MS can expect to earn approximately $54,389 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $31,378. With a cost-of-living index of 85.70 (below the national average), these earnings stretch further in Southaven.
Hourly Rate Calculator
Schedule Comparison in Southaven
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,045.95 | $4,532 | $54,389 |
| Part-Time (24 hrs) | $627.57 | $2,719 | $32,634 |
| Per Diem (16 hrs) | $418.38 | $1,813 | $21,756 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Southaven) | $26.15 |
| 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 Southaven, MS earn a median of $54,394 per year (2026 est.), which is 15.70% lower than the national median of $64,522 and 1.60% below the Mississippi state average of $55,279.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $26.15/hr = $32,634/year (purchasing power: $38,079).
Working 40h/week (full-time) = $54,389/year (purchasing power: $63,465).
CoL index: 85.7 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$20.64/hr
2025 BLS Actual
$25.24/hr
2026 Current Est.
$26.15/hr
2019–2027 Growth
+31.2%
Hourly Rate Trajectory for Insurance Agents in Southaven (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $20.64/hr | Actual |
| 2020 | $21.15/hr | Actual |
| 2021 | $20.20/hr | Actual |
| 2022 | $23.45/hr | Actual |
| 2023 | $23.94/hr | Actual |
| 2024 | $18.24/hr | Actual |
| 2025 | $25.24/hr | Actual |
| 2026(current) | $26.15/hr | Estimated |
| 2027 | $27.09/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Southaven grew 22.3% from $20.64/hr (2019) to $25.24/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $27.09/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 Southaven 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 Southaven
For those pursuing part-time opportunities in Southaven, a typical schedule of three days a week may yield an annual income considerably lower than full-time counterparts. Working 24 hours weekly would approximate an annual take-home income around $32,000, a stark contrast to those employed full-time in major firms or as independent agents. Although per-diem or 1099 arrangements are less common, some insurance agents can find lucrative roles as consultants or expert witnesses, earning $200 to $600 per hour. Pay can vary widely, especially between captive agents at major carriers and larger brokerage firms. Many insurance agents choose slightly lower hourly compensation in exchange for health benefits, especially those associated with captive models like State Farm or Allstate. When negotiating hourly pay, agents should consider the broader benefits and career growth potential offered, especially in a dynamic city like Southaven, where the insurance market is evolving.
More salary data for Southaven, MS:
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 Southaven. 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 Southaven 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