Insurance Agent Salary in Biddeford, ME: $60,802 (2026)
Quick Answer:A full-time insurance agent in Biddeford, ME earns a median $60,802/year (≈ $29.24/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Biddeford's price level (0% above national, BEA RPP 99.6), that paycheck buys what $61,046 would nationally. Nominal pay sits 5.4% below the Maine state average.
Based on BLS state-level estimates · View source
In 2026, insurance agents in Biddeford, ME have a projected median annual salary of $60,802, reflecting a competitive yet nuanced market shaped by the structural divide between captive agencies, independent practices, and commercial brokerages. The salary range for this profession varies significantly, falling between $37,094 at the lower end (P10) and reaching up to $94,243 at the high end (P90). These figures are derived from estimates based on 2025 BLS data with adjustments for regional price levels, signaling a modest gap when compared to the national median of $64,522. The dynamics of the local market indicate varied compensation based on the type of agency, with captive agents at established companies like State Farm or Allstate typically offering predictable pay structures, while independent agents may enjoy greater variability in earnings based on performance and client base.
About the Biddeford Market
Salary estimated from Maine average ($58,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $37,094 | $17.83 |
| Lower Range (P25) | $45,506 | $21.88 |
| Median (P50)(typical) | $60,802 | $29.24 |
| Upper Range (P75) | $77,826 | $37.42 |
| Top Earners (P90) | $94,243 | $45.30 |
Median Salary Position
5.77% below the national average
2026 Salary Percentile Distribution in Biddeford
In Biddeford, ME, the insurance agent salary spread from the 10th to 90th percentile is $57,149 (2026 est.). At $60,802, the local median is 5.77% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Biddeford: You'd be in the lower-middle range
How Biddeford Insurance Agent Pay Compares
Biddeford median: $60,802/year (2026)
| Compared To | Median Salary | Biddeford Pays |
|---|---|---|
| Maine Average | $64,273 | -5.40% less |
| National Average | $64,522 | -5.77% less |
Insurance Agents in Biddeford, ME earn a median of $60,802 per year (2026 est.), which is 5.77% lower than the national median of $64,522 and 5.40% below the Maine state average of $64,273.
Cost-of-Living Adjusted Salary
Biddeford has a cost of living 0.40% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Biddeford, ME has a cost-of-living index of 99.6 (below the national average of 100). A insurance agent earning $60,802 nominally has purchasing power equivalent to $61,046 in an average-cost city — an effective 0.4% boost.
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2019 BLS Actual
$48,003
2025 BLS Actual
$58,689
2026 Current Est.
$60,802
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Biddeford (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $48,003 | Actual |
| 2020 | $49,171 | Actual |
| 2021 | $46,966 | Actual |
| 2022 | $54,524 | Actual |
| 2023 | $55,674 | Actual |
| 2024 | $54,656 | Actual |
| 2025 | $58,689 | Actual |
| 2026(current) | $60,802 | Estimated |
| 2027 | $62,991 | Projected |
Based on 7 years of BLS OEWS data for the Biddeford metropolitan area, the median insurance agent salary grew 22.3% from $48,003 (2019) to $58,689 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $62,991 by 2027 — a total increase of $14,988 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Biddeford 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) | $37,094 – $45,506 |
| 3-5 years (Mid Career) | $45,506 – $60,802 |
| 5+ years (Experienced) | $60,802 – $77,826 |
| 10+ years (Top Earner) | $77,826 – $94,243 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Biddeford
The job market for insurance agents in Biddeford remains stable, with approximately six insurance professionals currently employed in the area. Despite the cost of living index hovering at 99.6, which is slightly below the national average, agents must navigate a landscape where earning potential is tied to various factors, such as agency type and the nature of insurance lines sold. Captive agents often receive structured training and guaranteed pay but may experience limited upside compared to independent agents working with multiple carriers. Commercial lines, which can yield significantly higher commissions compared to personal lines, trend toward lucrative opportunities with large brokerages. For those looking to maximize their income potential in Biddeford, developing a strong book of business, understanding the nuances of commissions between commercial and personal insurance, and pursuing advanced industry certifications like the CPCU can enhance overall compensation and career growth in this evolving market.
More salary data for Biddeford, ME:
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 $58,689 for insurance agentsin the Biddeford 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 Biddeford 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