Insurance Agent Salary in Manchester, CT: $79,498 (2026)
Quick Answer:A full-time insurance agent in Manchester, CT earns a median $79,498/year (≈ $38.22/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Manchester's price level (8% above national, BEA RPP 107.9), that paycheck buys what $73,677 would nationally. Nominal pay sits 0.8% above the Connecticut state average.
Based on BLS state-level estimates · View source
The insurance agent salary in Manchester, CT is projected to reach a median annual figure of $79,498 in 2026, showcasing a significant 23.21% increase compared to the national median of $64,522. The local pay range for these professionals spans from $46,811 at the lower percentile to as high as $123,223 at the top 10%. These figures are drawn from estimates based on 2025 BLS data, taking into account adjustments for regional cost differences. In Manchester, the job market reflects a blend of captive agents from traditional carriers like State Farm and Allstate, along with independent agencies and commercial brokerages, contributing to diverse salary potentials within the field of insurance.
About the Manchester Market
Salary estimated from Connecticut average ($78,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $46,811 | $22.50 |
| Lower Range (P25) | $58,848 | $28.29 |
| Median (P50)(typical) | $79,498 | $38.22 |
| Upper Range (P75) | $101,758 | $48.92 |
| Top Earners (P90) | $123,223 | $59.24 |
Median Salary Position
23.21% above the national average
2026 Salary Percentile Distribution in Manchester
In Manchester, CT, the insurance agent salary spread from the 10th to 90th percentile is $76,412 (2026 est.). At $79,498, the local median is 23.21% above the national median of $64,522.
Salary Calculator
At 40 hours/week in Manchester: You'd be in the lower-middle range
How Manchester Insurance Agent Pay Compares
Manchester median: $79,498/year (2026)
| Compared To | Median Salary | Manchester Pays |
|---|---|---|
| Connecticut Average | $78,868 | +0.80% more |
| National Average | $64,522 | +23.21% more |
Insurance Agents in Manchester, CT earn a median of $79,498 per year (2026 est.), which is 23.21% higher than the national median of $64,522 and 0.80% above the Connecticut state average of $78,868.
Cost-of-Living Adjusted Salary
Manchester has a cost of living 7.90% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Manchester, CT has a cost-of-living index of 107.9 (above the national average of 100). While the nominal salary of $79,498 is competitive, the higher cost of living reduces purchasing power to an effective $73,677 — a 7.32% reduction.
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2019 BLS Actual
$62,764
2025 BLS Actual
$76,736
2026 Current Est.
$79,498
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Manchester (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $62,764 | Actual |
| 2020 | $64,292 | Actual |
| 2021 | $61,409 | Actual |
| 2022 | $71,290 | Actual |
| 2023 | $72,793 | Actual |
| 2024 | $84,877 | Actual |
| 2025 | $76,736 | Actual |
| 2026(current) | $79,498 | Estimated |
| 2027 | $82,360 | Projected |
Based on 7 years of BLS OEWS data for the Manchester metropolitan area, the median insurance agent salary grew 22.3% from $62,764 (2019) to $76,736 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $82,360 by 2027 — a total increase of $19,596 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Manchester 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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $46,811 – $58,848 |
| 3-5 years (Mid Career) | $58,848 – $79,498 |
| 5+ years (Experienced) | $79,498 – $101,758 |
| 10+ years (Top Earner) | $101,758 – $123,223 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Manchester
Looking deeper into the local job market, there are currently 11 insurance agents employed in the Manchester area, a figure that points to a niche yet stable environment. However, the cost of living index at 107.9 indicates that agents must consider living expenses when evaluating take-home pay. Captive agents often tend to earn more with guaranteed salaries and formal training incentives but face caps on their upside commissions, while independent agents typically see higher earnings potential particularly in commercial lines, which can provide 5 to 10 times the commission of personal lines. The gap in pay within Manchester’s insurance sector is largely driven by factors such as the size of the agent's book of business, with renewal commissions compounding over time. For those seeking to maximize their insurance agent pay in Manchester CT, focusing on building a robust client base in commercial insurance and gaining agency ownership can be strategic moves.
More salary data for Manchester, CT:
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
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $76,736 for insurance agentsin the Manchester metropolitan area. A 3.60% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Manchester 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