Insurance Agent Salary in Laurel, MD: $66,992 (2026)
Quick Answer:A full-time insurance agent in Laurel, MD earns a median $66,992/year (≈ $32.21/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Laurel's price level (9% above national, BEA RPP 109.3), that paycheck buys what $61,292 would nationally. Nominal pay sits 5.0% below the Maryland state average.
Based on BLS state-level estimates · View source
Insurance agents in Laurel, MD, can expect to earn a median annual salary of $66,992 in 2026. This compensation reflects a competitive market, especially considering the broad salary range that spans from $42,126 at the 10th percentile to $103,837 at the 90th percentile. These figures stem from estimates projected based on 2025 BLS data, taking into account regional price adjustments that influence local living costs. With a growing emphasis on client retention and renewal commissions, successful agents can leverage their book of business to enhance their long-term earning potential, providing strong incentives for agents to build lasting client relationships.
About the Laurel Market
Salary estimated from Maryland average ($68,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $42,126 | $20.25 |
| Lower Range (P25) | $51,219 | $24.63 |
| Median (P50)(typical) | $66,992 | $32.21 |
| Upper Range (P75) | $85,750 | $41.22 |
| Top Earners (P90) | $103,837 | $49.92 |
Median Salary Position
3.83% above the national average
2026 Salary Percentile Distribution in Laurel
In Laurel, MD, the insurance agent salary spread from the 10th to 90th percentile is $61,711 (2026 est.). At $66,992, the local median is 3.83% above the national median of $64,522.
Salary Calculator
At 40 hours/week in Laurel: You'd be in the lower-middle range
How Laurel Insurance Agent Pay Compares
Laurel median: $66,992/year (2026)
| Compared To | Median Salary | Laurel Pays |
|---|---|---|
| Maryland Average | $70,518 | -5.00% less |
| National Average | $64,522 | +3.83% more |
Insurance Agents in Laurel, MD earn a median of $66,992 per year (2026 est.), which is 3.83% higher than the national median of $64,522 and 5.00% below the Maryland state average of $70,518.
Cost-of-Living Adjusted Salary
Laurel has a cost of living 9.30% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Laurel, MD has a cost-of-living index of 109.3 (above the national average of 100). While the nominal salary of $66,992 is competitive, the higher cost of living reduces purchasing power to an effective $61,292 — a 8.51% reduction.
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2019 BLS Actual
$52,890
2025 BLS Actual
$64,664
2026 Current Est.
$66,992
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Laurel (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $52,890 | Actual |
| 2020 | $54,177 | Actual |
| 2021 | $51,748 | Actual |
| 2022 | $60,075 | Actual |
| 2023 | $61,342 | Actual |
| 2024 | $70,603 | Actual |
| 2025 | $64,664 | Actual |
| 2026(current) | $66,992 | Estimated |
| 2027 | $69,404 | Projected |
Based on 7 years of BLS OEWS data for the Laurel metropolitan area, the median insurance agent salary grew 22.3% from $52,890 (2019) to $64,664 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $69,404 by 2027 — a total increase of $16,514 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Laurel 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) | $42,126 – $51,219 |
| 3-5 years (Mid Career) | $51,219 – $66,992 |
| 5+ years (Experienced) | $66,992 – $85,750 |
| 10+ years (Top Earner) | $85,750 – $103,837 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Laurel
In Laurel, the insurance agent job market shows a modest presence with only six professionals currently employed in the field, indicating a focused, competitive environment. The city bears a cost of living index of 109.3, which means that take-home pay effectively yields less purchasing power compared to the wider national average—an essential consideration for those evaluating insurance agent pay in Laurel, MD. Employers vary widely in compensation, with captive agents at firms like State Farm and Allstate potentially offering substantial starting salaries backed by training support, while independent agencies and large brokerages can provide higher commissions, especially in commercial lines. The difference between high and low salaries can largely be attributed to business volume, specialization in commercial versus personal lines, and the structure of commission payouts. To maximize earnings in this market, it is advantageous for agents to build a diverse portfolio, focus on commercial sectors, and consider agency ownership opportunities which could significantly enhance long-term income.
More salary data for Laurel, 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 $64,664 for insurance agentsin the Laurel 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 Laurel 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