Insurance Agent Salary in Lincoln Park, MI: $61,937 (2026)
Quick Answer:A full-time insurance agent in Lincoln Park, MI earns a median $61,937/year (≈ $29.77/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Lincoln Park's price level (7% below national, BEA RPP 93.2), that paycheck buys what $66,456 would nationally. Nominal pay sits 1.3% below the Michigan state average.
Based on BLS state-level estimates · View source
In 2026, insurance agents in Lincoln Park, Michigan, can expect a median annual salary of $61,937, slightly below the national median of $64,522. The salary range for this role extends from $37,746 at the 10th percentile to $96,003 for the 90th percentile, reflecting the varied compensation structures based on the type of insurance sold. Agents working in personal lines typically earn lower commissions compared to those in commercial and specialty lines, where payouts can be significantly higher. These figures are derived from 2025 BLS OEWS data, projected to 2026, taking into account regional price variations, which indicate a competitive job market for the area.
About the Lincoln Park Market
Salary estimated from Michigan average ($58,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $37,746 | $18.15 |
| Lower Range (P25) | $46,467 | $22.34 |
| Median (P50)(typical) | $61,937 | $29.77 |
| Upper Range (P75) | $79,280 | $38.11 |
| Top Earners (P90) | $96,003 | $46.15 |
Median Salary Position
4.01% below the national average
2026 Salary Percentile Distribution in Lincoln Park
In Lincoln Park, MI, the insurance agent salary spread from the 10th to 90th percentile is $58,257 (2026 est.). At $61,937, the local median is 4.01% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Lincoln Park: You'd be in the lower-middle range
How Lincoln Park Insurance Agent Pay Compares
Lincoln Park median: $61,937/year (2026)
| Compared To | Median Salary | Lincoln Park Pays |
|---|---|---|
| Michigan Average | $62,753 | -1.30% less |
| National Average | $64,522 | -4.01% less |
Insurance Agents in Lincoln Park, MI earn a median of $61,937 per year (2026 est.), which is 4.01% lower than the national median of $64,522 and 1.30% below the Michigan state average of $62,753.
Cost-of-Living Adjusted Salary
Lincoln Park has a cost of living 6.80% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Lincoln Park, MI has a cost-of-living index of 93.2 (below the national average of 100). A insurance agent earning $61,937 nominally has purchasing power equivalent to $66,456 in an average-cost city — an effective 7.3% boost.
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2019 BLS Actual
$48,899
2025 BLS Actual
$59,785
2026 Current Est.
$61,937
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Lincoln Park (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $48,899 | Actual |
| 2020 | $50,090 | Actual |
| 2021 | $47,843 | Actual |
| 2022 | $55,542 | Actual |
| 2023 | $56,713 | Actual |
| 2024 | $53,355 | Actual |
| 2025 | $59,785 | Actual |
| 2026(current) | $61,937 | Estimated |
| 2027 | $64,167 | Projected |
Based on 7 years of BLS OEWS data for the Lincoln Park metropolitan area, the median insurance agent salary grew 22.3% from $48,899 (2019) to $59,785 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $64,167 by 2027 — a total increase of $15,268 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Lincoln Park 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) | $37,746 – $46,467 |
| 3-5 years (Mid Career) | $46,467 – $61,937 |
| 5+ years (Experienced) | $61,937 – $79,280 |
| 10+ years (Top Earner) | $79,280 – $96,003 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Lincoln Park
With only eight insurance agents currently employed in Lincoln Park, the local job market remains tight, emphasizing the need for agents to effectively navigate their compensation strategies. The cost of living index in Lincoln Park, sitting at 93.2, suggests that residents face less financial strain compared to many national averages, which can enhance purchasing power for agents. Major employers in the area include captive insurance companies such as State Farm and Allstate, which may offer stable salaries, while independent agencies and large brokerages often provide opportunities for higher earnings due to their diverse offerings. The disparity in pay often stems from the size of an agent's book of business and the commission structures tied to commercial versus personal lines. For agents looking to maximize their income, focusing on building relationships in commercial insurance and considering the potential for agency ownership could yield substantial benefits in Lincoln Park's evolving insurance market.
More salary data for Lincoln Park, MI:
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 $59,785 for insurance agentsin the Lincoln Park 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 Lincoln Park 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