Insurance Agent Salary in Lafayette, LA: $62,668 (2026)
Quick Answer:A full-time insurance agent in Lafayette, LA earns a median $62,668/year (≈ $30.13/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Lafayette's price level (13% below national, BEA RPP 87.2), that paycheck buys what $71,860 would nationally. Nominal pay sits 20.7% above the Louisiana state average.
Official BLS data · View source
In Lafayette, Louisiana, the insurance agent salary is reflective of the structural dynamics between captive agents and independent brokers. Projected for 2026, agents in this market can expect a median annual income of $62,668, which is slightly below the national median of $64,522. The salary range varies significantly, with the lower 10th percentile earning around $37,089 and the upper 90th percentile reaching up to $102,481. This disparity illustrates the potential for income variation based on agency models, where captive agents, often associated with major carriers like State Farm or Allstate, may have different earning pathways compared to independent agents and commercial brokerages. Such distinctions influence both commissions and overall job satisfaction in Lafayette's competitive insurance market.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $37,089 | $17.83 |
| Lower Range (P25) | $49,904 | $23.99 |
| Median (P50)(typical) | $62,668 | $30.13 |
| Upper Range (P75) | $92,556 | $44.50 |
| Top Earners (P90) | $102,481 | $49.27 |
Median Salary Position
2.87% below the national average
2026 Salary Percentile Distribution in Lafayette
In Lafayette, LA, the insurance agent salary spread from the 10th to 90th percentile is $65,392 (2026 est.). At $62,668, the local median is 2.87% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Lafayette: You'd be in the lower-middle range
How Lafayette Insurance Agent Pay Compares
Lafayette median: $62,668/year (2026)
| Compared To | Median Salary | Lafayette Pays |
|---|---|---|
| Louisiana Average | $51,920 | +20.70% more |
| National Average | $64,522 | -2.87% less |
Insurance Agents in Lafayette, LA earn a median of $62,668 per year (2026 est.), which is 2.87% lower than the national median of $64,522 and 20.70% above the Louisiana state average of $51,920.
Cost-of-Living Adjusted Salary
Lafayette has a cost of living 12.79% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Lafayette, LA has a cost-of-living index of 87.209 (below the national average of 100). A insurance agent earning $62,668 nominally has purchasing power equivalent to $71,860 in an average-cost city — an effective 14.67% boost.
Compare Purchasing Power
Select a city to see how your salary compares after cost of living
Select a city above to compare purchasing power
2019 BLS Actual
$36,850
2025 BLS Actual
$60,490
2026 Current Est.
$62,668
2019–2027 Growth
+76.2%
Salary Trajectory for Insurance Agents in Lafayette (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $36,850 | Actual |
| 2020 | $50,680 | Actual |
| 2021 | $47,320 | Actual |
| 2022 | $46,630 | Actual |
| 2023 | $46,530 | Actual |
| 2024 | $49,800 | Actual |
| 2025 | $60,490 | Actual |
| 2026(current) | $62,668 | Estimated |
| 2027 | $64,924 | Projected |
Based on 7 years of BLS OEWS data for the Lafayette metropolitan area, the median insurance agent salary grew 64.2% from $36,850 (2019) to $60,490 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $64,924 by 2027 — a total increase of $28,074 (76.18%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Lafayette 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) | $37,089 – $49,904 |
| 3-5 years (Mid Career) | $49,904 – $62,668 |
| 5+ years (Experienced) | $62,668 – $92,556 |
| 10+ years (Top Earner) | $92,556 – $102,481 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Lafayette
Focusing on the local job market, Lafayette has around 760 insurance agents actively employed, creating a vibrant professional climate for both new and seasoned practitioners. The area's cost-of-living index stands at 87.209, indicating that while salaries may trail the national average, purchasing power can still be robust for residents. Notably, captive agents at established firms often see higher starting salaries due to structured training programs and sign-on bonuses, yet their long-term earnings may be capped. In contrast, independent agents benefit from flexible commission structures tied to renewal rates, which are amplified through larger books of business. To maximize earnings in Lafayette, agents should focus on building a diverse clientele, emphasize the advantages of commercial versus personal lines, and consider furthering their credentials with designations like CPCU, which can position them for premium opportunities in the evolving insurance landscape.
More salary data for Lafayette, LA:
Frequently Asked Questions
How much do insurance agents make in Lafayette, LA in 2026?
Is Lafayette, LA a good place to work as a insurance agent?
Can insurance agents make $100K in Lafayette?
What is the cost-of-living adjusted insurance agent salary in Lafayette?
How much does a insurance agent make per hour in Lafayette?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in Louisiana
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 $60,490 for insurance agentsin the Lafayette 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, 6-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