Insurance Agent Hourly Pay in Sioux Falls, SD: $39.69 (2026)
Quick Answer:Hourly pay for a insurance agent working in Sioux Falls, SD runs $39.69 at the median for 2026 — annualizing to $82,559 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Sioux Falls's regional price level (BEA RPP 90.6, 9% below national), each hour of work buys what $43.79 nationally would. A 24-hour part-time schedule grosses $49,532 per year.
Official BLS data · View source
In Sioux Falls, South Dakota, insurance agents earn a median hourly rate of $39.69, significantly above the national median of $31.02. This elevated hourly pay reflects the city's thriving insurance market and the diverse range of settings where agents work, including captive agent storefronts and independent agency offices. For part-time agents working three days a week, the financial viability is promising, given the potential to earn an hourly wage that positions them favorably even as they balance their professional commitments with other pursuits. The hourly pay spectrum ranges from $26.34 for entry-level positions to $64.01 for top earners, demonstrating ample opportunities for career advancement in this field. This data is sourced from projections based on 2025 BLS OEWS insights, indicating a robust job outlook for the profession in the coming years.
Insurance Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $26.34 | $210.68 |
| Lower Range (P25) | $28.82 | $230.57 |
| Median (P50) | $39.69 | $317.51 |
| Upper Range (P75) | $62.84 | $502.75 |
| Top Earners (P90) | $64.01 | $512.12 |
Estimated Annual Income by Work Schedule in Sioux Falls
Based on $39.69/hr median hourly rate · 2026 est.
At $39.69/hr, a insurance agent working full-time (40 hr/wk) in Sioux Falls, SD can expect to earn approximately $82,553 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $47,627. With a cost-of-living index of 90.63 (below the national average), these earnings stretch further in Sioux Falls.
Hourly Rate Calculator
Schedule Comparison in Sioux Falls
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,587.57 | $6,879 | $82,553 |
| Part-Time (24 hrs) | $952.54 | $4,128 | $49,532 |
| Per Diem (16 hrs) | $635.03 | $2,752 | $33,021 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Sioux Falls) | $39.69 |
| 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 Sioux Falls, SD earn a median of $82,559 per year (2026 est.), which is 27.95% higher than the national median of $64,522 and 37.90% above the South Dakota state average of $59,869.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $39.69/hr = $49,532/year (purchasing power: $54,652).
Working 40h/week (full-time) = $82,553/year (purchasing power: $91,087).
CoL index: 90.631 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$30.54/hr
2025 BLS Actual
$38.31/hr
2026 Current Est.
$39.69/hr
2019–2027 Growth
+34.6%
Hourly Rate Trajectory for Insurance Agents in Sioux Falls (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $30.54/hr | Actual |
| 2020 | $32.89/hr | Actual |
| 2021 | $23.67/hr | Actual |
| 2022 | $28.85/hr | Actual |
| 2023 | $33.11/hr | Actual |
| 2024 | $39.29/hr | Actual |
| 2025 | $38.31/hr | Actual |
| 2026(current) | $39.69/hr | Estimated |
| 2027 | $41.12/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Sioux Falls grew 25.4% from $30.54/hr (2019) to $38.31/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $41.12/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 Sioux Falls 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 Sioux Falls
Examining the nuances of hourly pay structures in Sioux Falls reveals intriguing dynamics, especially for part-time workers. A part-time insurance agent who logs about 24 hours per week could expect to take home a substantial income over the course of a year, albeit less than that of full-time peers. Because the majority of insurance compensation in the region is commission-based, per diem roles are relatively rare; however, income can fluctuate based on specialized consulting engagements, where experienced risk managers command fees ranging from $200-$400 per hour. Agents in different employment sectors face varying compensation levels, with those working for local captive agencies typically earning less than those in independent agencies or large commercial brokerages that focus on more lucrative lines of insurance. While some agents may choose lower hourly wages for the added benefits of full-time positions, others may negotiate for higher pay without those perks. For those navigating the Sioux Falls market, practical negotiation approaches, such as demonstrating value through credentials like the CPCU designation, can significantly impact hourly compensation outcomes.
More salary data for Sioux Falls, SD:
Frequently Asked Questions
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Related Pages
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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 Sioux Falls. 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