Insurance Agent Hourly Pay in Philadelphia, PA: $40.61 (2026)
Quick Answer:Hourly pay for a insurance agent working in Philadelphia, PA runs $40.61 at the median for 2026 — annualizing to $84,475 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Philadelphia's regional price level (BEA RPP 102.6, 3% above national), each hour of work buys what $39.60 nationally would. A 24-hour part-time schedule grosses $50,683 per year.
Official BLS data · View source
In Philadelphia, the insurance agent hourly pay is projected to be $40.61 in 2026, significantly above the national median of $31.02. This robust hourly rate benefits those seeking part-time positions, such as agents working three days a week, who can still earn a considerable income while maintaining flexible schedules. Insurance agents in various settings, whether in captive storefronts, independent agencies, commercial brokerage offices, or remote environments, can expect to earn between $23.29 for entry-level positions and as much as $87.24 for top earners. As per official Bureau of Labor Statistics data, this hourly structure reflects the competitive nature of the industry in Philadelphia, emphasizing both the earning potential and the varied work environments available to insurance professionals.
Insurance Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $23.29 | $186.31 |
| Lower Range (P25) | $29.77 | $238.20 |
| Median (P50) | $40.61 | $324.89 |
| Upper Range (P75) | $60.38 | $483.02 |
| Top Earners (P90) | $87.24 | $697.93 |
Estimated Annual Income by Work Schedule in Philadelphia
Based on $40.61/hr median hourly rate · 2026 est.
At $40.61/hr, a insurance agent working full-time (40 hr/wk) in Philadelphia, PA can expect to earn approximately $84,471 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $48,733. With a cost-of-living index of 102.55 (above the national average), these earnings may be offset by higher expenses in Philadelphia.
Hourly Rate Calculator
Schedule Comparison in Philadelphia
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,624.45 | $7,039 | $84,471 |
| Part-Time (24 hrs) | $974.67 | $4,224 | $50,683 |
| Per Diem (16 hrs) | $649.78 | $2,816 | $33,789 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Philadelphia) | $40.61 |
| 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 Philadelphia, PA earn a median of $84,475 per year (2026 est.), which is 30.92% higher than the national median of $64,522 and 37.40% above the Pennsylvania state average of $61,481.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $40.61/hr = $50,683/year (purchasing power: $49,421).
Working 40h/week (full-time) = $84,471/year (purchasing power: $82,368).
CoL index: 102.554 (100 = national average).
2019 BLS Actual
$28.68/hr
2025 BLS Actual
$39.20/hr
2026 Current Est.
$40.61/hr
2019–2027 Growth
+46.7%
Hourly Rate Trajectory for Insurance Agents in Philadelphia (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $28.68/hr | Actual |
| 2020 | $25.56/hr | Actual |
| 2021 | $30.65/hr | Actual |
| 2022 | $29.45/hr | Actual |
| 2023 | $29.44/hr | Actual |
| 2024 | $36.23/hr | Actual |
| 2025 | $39.20/hr | Actual |
| 2026(current) | $40.61/hr | Estimated |
| 2027 | $42.07/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Philadelphia grew 36.7% from $28.68/hr (2019) to $39.20/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $42.07/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 Philadelphia 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 Philadelphia
For agents considering part-time work, a substantial income is achievable even with a schedule of just 24 hours a week. Annual earnings in this scenario can reach around $50,000, which still provides a solid financial footing. However, the majority of insurance compensation is commission-based, making pure per-diem arrangements relatively rare. In some specialized areas, such as consulting or expert witness work in coverage disputes, hourly rates can soar to between $200 and $600. It's essential to note the diverse wage variations across different employer types in Philadelphia: captive agents from prominent firms like State Farm or Allstate may see lower hourly compensation but typically offer benefits, while independent agencies and large brokerages may provide higher pay without such perks. For agents, thoughtful negotiation can yield better hourly rates, especially in a city where the trade-off between pay and benefits can impact long-term job satisfaction. Understanding the industry nuances is crucial for maximizing earnings in this evolving market.
More salary data for Philadelphia, PA:
Frequently Asked Questions
What is the hourly rate for insurance agents in Philadelphia in 2026?
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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 Philadelphia. 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