Insurance Agent Salary in Mason City, IA: $60,852 (2026)
Quick Answer:A full-time insurance agent in Mason City, IA earns a median $60,852/year (≈ $29.26/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Mason City's price level (10% below national, BEA RPP 90.4), that paycheck buys what $67,314 would nationally. Nominal pay sits 5.3% below the Iowa state average.
Based on BLS state-level estimates · View source
In 2026, the insurance agent salary in Mason City, IA is projected to be $60,852 annually, which is roughly 5.69% lower than the national median of $64,522 for the same year. Salaries in the area range significantly, with the lowest 10% earning around $37,935 and the top 10% making up to $94,320. These figures represent local estimates based on 2025 BLS data, adjusted for regional price variations. The job market in Mason City reflects a structural divide, with the majority of opportunities concentrated among captive agents from traditional carriers like State Farm and Allstate, while independent agencies and commercial brokerages are gradually gaining ground. This competition shapes not just the quantity of positions but also the pay scale, as different business models offer diverse compensation structures.
About the Mason City Market
Salary estimated from Iowa average ($62,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $37,935 | $18.23 |
| Lower Range (P25) | $46,281 | $22.25 |
| Median (P50)(typical) | $60,852 | $29.26 |
| Upper Range (P75) | $77,890 | $37.45 |
| Top Earners (P90) | $94,320 | $45.35 |
Median Salary Position
5.69% below the national average
2026 Salary Percentile Distribution in Mason City
In Mason City, IA, the insurance agent salary spread from the 10th to 90th percentile is $56,385 (2026 est.). At $60,852, the local median is 5.69% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Mason City: You'd be in the lower-middle range
How Mason City Insurance Agent Pay Compares
Mason City median: $60,852/year (2026)
| Compared To | Median Salary | Mason City Pays |
|---|---|---|
| Iowa Average | $64,257 | -5.30% less |
| National Average | $64,522 | -5.69% less |
Insurance Agents in Mason City, IA earn a median of $60,852 per year (2026 est.), which is 5.69% lower than the national median of $64,522 and 5.30% below the Iowa state average of $64,257.
Cost-of-Living Adjusted Salary
Mason City has a cost of living 9.60% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Mason City, IA has a cost-of-living index of 90.4 (below the national average of 100). A insurance agent earning $60,852 nominally has purchasing power equivalent to $67,314 in an average-cost city — an effective 10.62% boost.
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2019 BLS Actual
$48,042
2025 BLS Actual
$58,737
2026 Current Est.
$60,852
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Mason City (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $48,042 | Actual |
| 2020 | $49,212 | Actual |
| 2021 | $47,005 | Actual |
| 2022 | $54,568 | Actual |
| 2023 | $55,719 | Actual |
| 2024 | $53,064 | Actual |
| 2025 | $58,737 | Actual |
| 2026(current) | $60,852 | Estimated |
| 2027 | $63,042 | Projected |
Based on 7 years of BLS OEWS data for the Mason City metropolitan area, the median insurance agent salary grew 22.3% from $48,042 (2019) to $58,737 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $63,042 by 2027 — a total increase of $15,000 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Mason City 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) | $37,935 – $46,281 |
| 3-5 years (Mid Career) | $46,281 – $60,852 |
| 5+ years (Experienced) | $60,852 – $77,890 |
| 10+ years (Top Earner) | $77,890 – $94,320 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Mason City
The local insurance job market is modest, with only four licensed agents currently employed in Mason City. The cost-of-living index stands at 90.4, indicating that residents may enjoy a better purchasing power relative to other regions in the U.S. Employers such as State Farm and Allstate typically provide solid compensation packages, but independent and commercial agencies tend to pay more due to their ability to serve a broader client base. High earners often succeed by focusing on commercial lines, which command significantly higher commission rates than personal lines. To maximize earnings in Mason City, agents should consider building a strong book of business that prioritizes renewal commissions, while also exploring opportunities for agency ownership and additional producer overrides from larger commercial brokerages. By understanding these market dynamics and leveraging their licenses effectively, insurance professionals can optimize their income potential in this area.
More salary data for Mason City, IA:
Frequently Asked Questions
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Career Resources
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 $58,737 for insurance agentsin the Mason City 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 Mason City 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