Insurance Agent Salary in Dundalk, MD: $68,117 (2026)
Quick Answer:A full-time insurance agent in Dundalk, MD earns a median $68,117/year (≈ $32.75/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Dundalk's price level (9% above national, BEA RPP 109.3), that paycheck buys what $62,321 would nationally. Nominal pay sits 3.4% below the Maryland state average.
Based on BLS state-level estimates · View source
Insurance agents in Dundalk, Maryland, earn a median annual salary of $68,117 in 2026, reflecting a local market that offers competitive pay compared to the national median of $64,522. The projected salary range showcases significant earning potential, with figures spanning from $41,147 for the lowest 10% to $105,582 for the top 10%. These estimates are derived from 2025 BLS data and adjusted for regional price levels, providing a nuanced perspective on the earning capabilities of agents in this area. The Dundalk market's varied commission structures, particularly between personal lines and commercial specialties, reveal the financial upside available for agents who can navigate more lucrative sales opportunities.
About the Dundalk Market
Salary estimated from Maryland average ($68,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $41,147 | $19.78 |
| Lower Range (P25) | $50,991 | $24.51 |
| Median (P50)(typical) | $68,117 | $32.75 |
| Upper Range (P75) | $87,190 | $41.92 |
| Top Earners (P90) | $105,582 | $50.76 |
Median Salary Position
5.57% above the national average
2026 Salary Percentile Distribution in Dundalk
In Dundalk, MD, the insurance agent salary spread from the 10th to 90th percentile is $64,435 (2026 est.). At $68,117, the local median is 5.57% above the national median of $64,522.
Salary Calculator
At 40 hours/week in Dundalk: You'd be in the lower-middle range
How Dundalk Insurance Agent Pay Compares
Dundalk median: $68,117/year (2026)
| Compared To | Median Salary | Dundalk Pays |
|---|---|---|
| Maryland Average | $70,514 | -3.40% less |
| National Average | $64,522 | +5.57% more |
Insurance Agents in Dundalk, MD earn a median of $68,117 per year (2026 est.), which is 5.57% higher than the national median of $64,522 and 3.40% below the Maryland state average of $70,514.
Cost-of-Living Adjusted Salary
Dundalk has a cost of living 9.30% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Dundalk, MD has a cost-of-living index of 109.3 (above the national average of 100). While the nominal salary of $68,117 is competitive, the higher cost of living reduces purchasing power to an effective $62,321 — a 8.51% reduction.
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2019 BLS Actual
$53,778
2025 BLS Actual
$65,750
2026 Current Est.
$68,117
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Dundalk (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $53,778 | Actual |
| 2020 | $55,087 | Actual |
| 2021 | $52,617 | Actual |
| 2022 | $61,084 | Actual |
| 2023 | $62,372 | Actual |
| 2024 | $71,788 | Actual |
| 2025 | $65,750 | Actual |
| 2026(current) | $68,117 | Estimated |
| 2027 | $70,569 | Projected |
Based on 7 years of BLS OEWS data for the Dundalk metropolitan area, the median insurance agent salary grew 22.3% from $53,778 (2019) to $65,750 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $70,569 by 2027 — a total increase of $16,791 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Dundalk 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) | $41,147 – $50,991 |
| 3-5 years (Mid Career) | $50,991 – $68,117 |
| 5+ years (Experienced) | $68,117 – $87,190 |
| 10+ years (Top Earner) | $87,190 – $105,582 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Dundalk
In total, there are about 10 insurance agents currently working in Dundalk. Given the area's cost-of-living index of 109.3, which is above the national average, agents may find that their take-home income is influenced significantly by local living expenses. Employers like State Farm and Allstate, as well as independent agencies and large brokerages, often provide opportunities with varying pay scales; captive agents generally benefit from structured training and sign-on bonuses, while independent agents and larger commercial firms can pay higher commissions. This disparity in earnings illustrates the importance of building a robust book of business, and agents should strategically focus on commercial lines to maximize their income potential. Combining expertise in both personal and commercial sales, along with acquiring relevant credentials such as CPCU or CIC, can further enhance an agent's income profile in Dundalk.
More salary data for Dundalk, MD:
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 $65,750 for insurance agentsin the Dundalk 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 Dundalk 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