Insurance Agent Hourly Pay in Fargo, ND: $35.47 (2026)
Quick Answer:Hourly pay for a insurance agent working in Fargo, ND runs $35.47 at the median for 2026 — annualizing to $73,784 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Fargo's regional price level (BEA RPP 90.9, 9% below national), each hour of work buys what $39.04 nationally would. A 24-hour part-time schedule grosses $44,270 per year.
Official BLS data · View source
In Fargo, North Dakota, the insurance agent hourly pay stands at a median of $35.47, significantly surpassing the national hourly median of $31.02. This favorable rate not only reflects the growing demand for insurance professionals but also offers appealing prospects for part-time workers who might contribute to client consultations or perform administrative tasks three days a week. With an hourly range from $23.04 for entry-level positions to $90.72 for top earners, agents in Fargo can find various opportunities across distinct settings, such as independent agency offices and commercial brokerage floors. This hourly data, based on 2025 BLS OEWS data projected to 2026, provides a glimpse into the earnings potential for local insurance agents and how these figures align with regional job markets.
Insurance Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $23.04 | $184.33 |
| Lower Range (P25) | $29.42 | $235.38 |
| Median (P50) | $35.47 | $283.78 |
| Upper Range (P75) | $49.49 | $395.92 |
| Top Earners (P90) | $90.72 | $725.78 |
Estimated Annual Income by Work Schedule in Fargo
Based on $35.47/hr median hourly rate · 2026 est.
At $35.47/hr, a insurance agent working full-time (40 hr/wk) in Fargo, ND can expect to earn approximately $73,783 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $42,567. With a cost-of-living index of 90.87 (below the national average), these earnings stretch further in Fargo.
Hourly Rate Calculator
Schedule Comparison in Fargo
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,418.91 | $6,149 | $73,783 |
| Part-Time (24 hrs) | $851.34 | $3,689 | $44,270 |
| Per Diem (16 hrs) | $567.56 | $2,459 | $29,513 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Fargo) | $35.47 |
| 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 Fargo, ND earn a median of $73,784 per year (2026 est.), which is 14.35% higher than the national median of $64,522 and 24.30% above the North Dakota state average of $59,360.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $35.47/hr = $44,270/year (purchasing power: $48,717).
Working 40h/week (full-time) = $73,783/year (purchasing power: $81,195).
CoL index: 90.871 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$30.57/hr
2025 BLS Actual
$34.24/hr
2026 Current Est.
$35.47/hr
2019–2027 Growth
+20.2%
Hourly Rate Trajectory for Insurance Agents in Fargo (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $30.57/hr | Actual |
| 2020 | $28.41/hr | Actual |
| 2021 | $29.14/hr | Actual |
| 2022 | $31.29/hr | Actual |
| 2023 | $36.41/hr | Actual |
| 2024 | $32.69/hr | Actual |
| 2025 | $34.24/hr | Actual |
| 2026(current) | $35.47/hr | Estimated |
| 2027 | $36.75/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Fargo grew 12.0% from $30.57/hr (2019) to $34.24/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $36.75/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 Fargo 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 Fargo
Examining the financial implications for part-time insurance agents in Fargo unveils interesting dynamics. A 24-hour work week translates to an annual income of approximately $44,000, a respectable sum for those balancing other commitments. The reality for per-diem insurance agents often revolves around commission-based compensation rather than straightforward hourly pay, with top consultants earning rates of $200 to $400 per hour for specialized services. Hourly rates and earning potential can differ widely based on employer types; agents working within large firms like Aon may have lower hourly rates but benefit from health insurance and other perks, while independent brokers might earn higher hourly pay without benefits. Professionals should weigh these trade-offs carefully, negotiating terms that suit both their financial goals and personal circumstances, especially within the evolving marketplace in Fargo, ND.
More salary data for Fargo, ND:
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 Fargo. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
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