Insurance Agent Hourly Pay in Salem, OR: $29.95 (2026)
Quick Answer:Hourly pay for a insurance agent working in Salem, OR runs $29.95 at the median for 2026 — annualizing to $62,295 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Salem's regional price level (BEA RPP 103.6, 4% above national), each hour of work buys what $28.90 nationally would. A 24-hour part-time schedule grosses $37,379 per year.
Official BLS data · View source
With a median hourly rate of $29.95 in Salem, insurance agents earn slightly less than the national median of $31.02 per hour. This rate is significant for those considering part-time work or per-diem roles within the sector, as agents often operate in various environments, including storefronts for captive agencies, independent offices, or during client visits. For a standard part-time agent working three days a week (approximately 24 hours), this payment equates to an annual income of about $37,440. The hourly range for insurance agents in Salem varies greatly, from $21.96 for entry-level positions to a remarkable $62.54 for top earners. These figures come from the Bureau of Labor Statistics (BLS) and reflect the varying scopes of work available in this ever-evolving profession.
Insurance Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $21.96 | $175.71 |
| Lower Range (P25) | $22.03 | $176.20 |
| Median (P50) | $29.95 | $239.61 |
| Upper Range (P75) | $46.39 | $371.14 |
| Top Earners (P90) | $62.54 | $500.35 |
Estimated Annual Income by Work Schedule in Salem
Based on $29.95/hr median hourly rate · 2026 est.
At $29.95/hr, a insurance agent working full-time (40 hr/wk) in Salem, OR can expect to earn approximately $62,298 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $35,941. With a cost-of-living index of 103.65 (above the national average), these earnings may be offset by higher expenses in Salem.
Hourly Rate Calculator
Schedule Comparison in Salem
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,198.03 | $5,191 | $62,298 |
| Part-Time (24 hrs) | $718.82 | $3,115 | $37,379 |
| Per Diem (16 hrs) | $479.21 | $2,077 | $24,919 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Salem) | $29.95 |
| 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 Salem, OR earn a median of $62,295 per year (2026 est.), which is 3.45% lower than the national median of $64,522 and 1.40% below the Oregon state average of $63,179.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $29.95/hr = $37,379/year (purchasing power: $36,063).
Working 40h/week (full-time) = $62,298/year (purchasing power: $60,104).
CoL index: 103.649 (100 = national average).
2019 BLS Actual
$20.72/hr
2025 BLS Actual
$28.91/hr
2026 Current Est.
$29.95/hr
2019–2027 Growth
+49.8%
Hourly Rate Trajectory for Insurance Agents in Salem (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $20.72/hr | Actual |
| 2020 | $20.06/hr | Actual |
| 2021 | $29.47/hr | Actual |
| 2022 | $35.66/hr | Actual |
| 2023 | $29.20/hr | Actual |
| 2024 | $34.61/hr | Actual |
| 2025 | $28.91/hr | Actual |
| 2026(current) | $29.95/hr | Estimated |
| 2027 | $31.03/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Salem grew 39.5% from $20.72/hr (2019) to $28.91/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $31.03/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 Salem 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 Salem
Part-time insurance agents in Salem will see a reduced earning potential compared to their full-time counterparts. While a full-time agent may tap into additional commission opportunities, part-timers can only earn from hourly work. For example, an agent completing 24 hours a week at $29.95 per hour generates an annual income around $37,440, lesser than a full-time agent's potential salary through commissions. Per-diem work is less common in this field compared to commission-based compensation. However, specialized consultants, such as former CPCU-credentialed brokers, can command $200-$400 per hour due to their expertise. The varied compensation is also influenced by the type of agency; captive agents from well-known companies like Allstate or State Farm may offer stability and benefits, whereas independent agencies and commercial brokerages often provide higher hourly pay but with less comprehensive benefits. Agents should weigh the advantages of consistent hourly wages against the potential for higher pay without benefits in other settings. When negotiating rates, emphasizing your credentials and local market insights could provide leverage in securing desirable terms.
More salary data for Salem, OR:
Frequently Asked Questions
What is the hourly rate for insurance agents in Salem in 2026?
How much do part-time insurance agents make in Salem?
Are insurance agents in Salem paid hourly or salary?
How much does a full-time insurance agent make per year in Salem?
Do insurance agents earn more per hour working part-time in Salem?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in Oregon
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 Salem. 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