Insurance Agent Salary in South Portland, ME: $68,032 (2026)
Quick Answer:A full-time insurance agent in South Portland, ME earns a median $68,032/year (≈ $32.71/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in South Portland's price level (0% above national, BEA RPP 99.6), that paycheck buys what $68,305 would nationally. Nominal pay sits 5.9% above the Maine state average.
Based on BLS state-level estimates · View source
With a projected median annual insurance agent salary in South Portland, ME of $68,032 for 2026, local compensation comes in slightly above the national median of $64,522. Salaries for insurance agents in this area reflect a broad range, from $44,333 at the 10th percentile to $105,449 at the 90th percentile, showcasing the diverse earning potential based on experience and agency type. These figures are derived from estimates based on 2025 BLS OEWS data, providing context to the competitive landscape of insurance salaries in South Portland. As the city’s labor market adjusts to evolving industry trends, factors like the balance between captive agents and the growing number of independent and commercial brokerage firms are pivotal in shaping earnings.
About the South Portland Market
Salary estimated from Maine average ($58,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $44,333 | $21.31 |
| Lower Range (P25) | $51,862 | $24.94 |
| Median (P50)(typical) | $68,032 | $32.71 |
| Upper Range (P75) | $87,081 | $41.86 |
| Top Earners (P90) | $105,449 | $50.70 |
Median Salary Position
5.44% above the national average
2026 Salary Percentile Distribution in South Portland
In South Portland, ME, the insurance agent salary spread from the 10th to 90th percentile is $61,116 (2026 est.). At $68,032, the local median is 5.44% above the national median of $64,522.
Salary Calculator
At 40 hours/week in South Portland: You'd be in the lower-middle range
How South Portland Insurance Agent Pay Compares
South Portland median: $68,032/year (2026)
| Compared To | Median Salary | South Portland Pays |
|---|---|---|
| Maine Average | $64,242 | +5.90% more |
| National Average | $64,522 | +5.44% more |
Insurance Agents in South Portland, ME earn a median of $68,032 per year (2026 est.), which is 5.44% higher than the national median of $64,522 and 5.90% above the Maine state average of $64,242.
Cost-of-Living Adjusted Salary
South Portland 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.
South Portland, ME has a cost-of-living index of 99.6 (below the national average of 100). A insurance agent earning $68,032 nominally has purchasing power equivalent to $68,305 in an average-cost city — an effective 0.4% 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
$53,711
2025 BLS Actual
$65,668
2026 Current Est.
$68,032
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in South Portland (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $53,711 | Actual |
| 2020 | $55,019 | Actual |
| 2021 | $52,551 | Actual |
| 2022 | $61,008 | Actual |
| 2023 | $62,294 | Actual |
| 2024 | $55,795 | Actual |
| 2025 | $65,668 | Actual |
| 2026(current) | $68,032 | Estimated |
| 2027 | $70,481 | Projected |
Based on 7 years of BLS OEWS data for the South Portland metropolitan area, the median insurance agent salary grew 22.3% from $53,711 (2019) to $65,668 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $70,481 by 2027 — a total increase of $16,770 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the South Portland 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) | $44,333 – $51,862 |
| 3-5 years (Mid Career) | $51,862 – $68,032 |
| 5+ years (Experienced) | $68,032 – $87,081 |
| 10+ years (Top Earner) | $87,081 – $105,449 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in South Portland
Despite a relatively low number of employed insurance agents—just four working in South Portland—the local job market remains competitive, influenced by a cost of living index slightly below the national average at 99.6. This reality impacts the take-home purchasing power for agents in the area. Captive agencies such as State Farm and Allstate typically offer stable compensation packages with upfront training and sign-on bonuses, although they may limit long-term earnings potential compared to independent agencies and large brokerages that cater to commercial clients. The disparity in earnings often hinges on the size of the book of business and whether agents focus on commercial or personal lines. Those navigating this market can maximize their pay by expanding their networks, pursuing additional credentials like CPCU, and capitalizing on opportunities to sell high-commission commercial policies. The diverse landscape of insurance opportunities in South Portland rewards those agents who strategically position themselves within the industry.
More salary data for South Portland, ME:
Frequently Asked Questions
How much do insurance agents make in South Portland, ME in 2026?
Is South Portland, ME a good place to work as a insurance agent?
Can insurance agents make $100K in South Portland?
What is the cost-of-living adjusted insurance agent salary in South Portland?
How much does a insurance agent make per hour in South Portland?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in Maine
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 $65,668 for insurance agentsin the South Portland 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 South Portland 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