Insurance Agent Salary in Davenport, IA: $59,777 (2026)
Quick Answer:A full-time insurance agent in Davenport, IA earns a median $59,777/year (≈ $28.74/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Davenport's price level (11% below national, BEA RPP 89.1), that paycheck buys what $67,106 would nationally. Nominal pay sits 7.0% below the Iowa state average.
Official BLS data · View source
In Davenport, Iowa, the 2026 median annual salary for insurance agents is projected at $59,777, which reflects a notable 7.35% lower than the national median of $64,522. The salary range for agents in the area spans from a low of $21,352 to a high of $168,039, offering significant variability based on individual performance and clientele. This data, derived from 2025 BLS OEWS surveys and projected to 2026, indicates a healthy market for insurance agents. The renewal commissions generated from established book-of-business relationships compound over time, allowing successful agents to foster long-term growth. With the local job market employing approximately 450 insurance agents, there’s ample opportunity for aspiring professionals to enter this field while strategically building their portfolios.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $21,352 | $10.27 |
| Lower Range (P25) | $45,543 | $21.90 |
| Median (P50)(typical) | $59,777 | $28.74 |
| Upper Range (P75) | $101,569 | $48.83 |
| Top Earners (P90) | $168,039 | $80.79 |
Median Salary Position
7.35% below the national average
2026 Salary Percentile Distribution in Davenport
In Davenport, IA, the insurance agent salary spread from the 10th to 90th percentile is $146,687 (2026 est.). At $59,777, the local median is 7.35% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Davenport: You'd be in the lower-middle range
How Davenport Insurance Agent Pay Compares
Davenport median: $59,777/year (2026)
| Compared To | Median Salary | Davenport Pays |
|---|---|---|
| Iowa Average | $64,277 | -7.00% less |
| National Average | $64,522 | -7.35% less |
Insurance Agents in Davenport, IA earn a median of $59,777 per year (2026 est.), which is 7.35% lower than the national median of $64,522 and 7.00% below the Iowa state average of $64,277.
Cost-of-Living Adjusted Salary
Davenport has a cost of living 10.92% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Davenport, IA has a cost-of-living index of 89.079 (below the national average of 100). A insurance agent earning $59,777 nominally has purchasing power equivalent to $67,106 in an average-cost city — an effective 12.26% boost.
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2019 BLS Actual
$47,150
2025 BLS Actual
$57,700
2026 Current Est.
$59,777
2019–2027 Growth
+31.3%
Salary Trajectory for Insurance Agents in Davenport (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $47,150 | Actual |
| 2020 | $49,720 | Actual |
| 2021 | $54,500 | Actual |
| 2022 | $57,680 | Actual |
| 2023 | $60,620 | Actual |
| 2024 | $59,510 | Actual |
| 2025 | $57,700 | Actual |
| 2026(current) | $59,777 | Estimated |
| 2027 | $61,929 | Projected |
Based on 7 years of BLS OEWS data for the Davenport metropolitan area, the median insurance agent salary grew 22.4% from $47,150 (2019) to $57,700 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $61,929 by 2027 — a total increase of $14,779 (31.34%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Davenport 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) | $21,352 – $45,543 |
| 3-5 years (Mid Career) | $45,543 – $59,777 |
| 5+ years (Experienced) | $59,777 – $101,569 |
| 10+ years (Top Earner) | $101,569 – $168,039 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Davenport
Exploring insurance agent pay in Davenport, IA, reveals a cost-of-living index of 89.079, suggesting that agents may enjoy a relatively stable lifestyle despite lower average salaries compared to the national level. Employers in the area vary in compensation, with large firms like State Farm and Allstate typically offering competitive salaries and additional benefits, while independent agencies may provide higher commission structures that can lead to increased earnings. The disparity in pay largely depends on the size of the book of business, the difference between commercial and personal lines, and the unique compensations of captive versus independent agents. Successfully maximizing income in this local market may involve focusing on commercial lines, as they offer significantly higher commissions compared to personal lines. Additionally, agents should consider establishing partnerships or gaining credentials such as CPCU to enhance their expertise and marketability in an evolving insurance landscape.
More salary data for Davenport, IA:
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 $57,700 for insurance agentsin the Davenport 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
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