Insurance Agent Salary in Fridley, MN: $64,066 (2026)
Quick Answer:A full-time insurance agent in Fridley, MN earns a median $64,066/year (≈ $30.80/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Fridley's price level (1% below national, BEA RPP 98.5), that paycheck buys what $65,042 would nationally. Nominal pay sits 5.2% below the Minnesota state average.
Based on BLS state-level estimates · View source
In 2026, the average insurance agent salary in Fridley, Minnesota, is projected to reach $64,066 annually, slightly below the national median of $64,522. The salary range for insurance agents in this area can vary significantly, from $39,855 at the 10th percentile to $99,303 at the 90th percentile. Local estimates, based on 2025 BLS data adjusted for regional price parity, highlight the competitive nature of the insurance market in Fridley, where agents may focus on different lines of business. Personal lines insurance typically yields lower commissions, while those in commercial and specialty lines can earn substantially more, creating a gradient that influences overall earnings potential.
About the Fridley Market
Salary estimated from Minnesota average ($68,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $39,855 | $19.17 |
| Lower Range (P25) | $48,864 | $23.50 |
| Median (P50)(typical) | $64,066 | $30.80 |
| Upper Range (P75) | $82,005 | $39.43 |
| Top Earners (P90) | $99,303 | $47.74 |
Median Salary Position
0.71% below the national average
2026 Salary Percentile Distribution in Fridley
In Fridley, MN, the insurance agent salary spread from the 10th to 90th percentile is $59,448 (2026 est.). At $64,066, the local median is 0.71% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Fridley: You'd be in the lower-middle range
How Fridley Insurance Agent Pay Compares
Fridley median: $64,066/year (2026)
| Compared To | Median Salary | Fridley Pays |
|---|---|---|
| Minnesota Average | $67,580 | -5.20% less |
| National Average | $64,522 | -0.71% less |
Insurance Agents in Fridley, MN earn a median of $64,066 per year (2026 est.), which is 0.71% lower than the national median of $64,522 and 5.20% below the Minnesota state average of $67,580.
Cost-of-Living Adjusted Salary
Fridley has a cost of living 1.50% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Fridley, MN has a cost-of-living index of 98.5 (below the national average of 100). A insurance agent earning $64,066 nominally has purchasing power equivalent to $65,042 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$50,580
2025 BLS Actual
$61,840
2026 Current Est.
$64,066
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Fridley (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $50,580 | Actual |
| 2020 | $51,811 | Actual |
| 2021 | $49,488 | Actual |
| 2022 | $57,451 | Actual |
| 2023 | $58,663 | Actual |
| 2024 | $63,528 | Actual |
| 2025 | $61,840 | Actual |
| 2026(current) | $64,066 | Estimated |
| 2027 | $66,373 | Projected |
Based on 7 years of BLS OEWS data for the Fridley metropolitan area, the median insurance agent salary grew 22.3% from $50,580 (2019) to $61,840 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $66,373 by 2027 — a total increase of $15,793 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Fridley 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) | $39,855 – $48,864 |
| 3-5 years (Mid Career) | $48,864 – $64,066 |
| 5+ years (Experienced) | $64,066 – $82,005 |
| 10+ years (Top Earner) | $82,005 – $99,303 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Fridley
Despite having only five insurance agents currently employed in Fridley, the job market remains viable, bolstered by a cost-of-living index of 98.5, which indicates a lower than average living expense for agents in the area. This reality enhances purchasing power despite the median income being slightly lower than the national average. Employers that tend to offer more competitive pay include those within large brokerage firms, independent agencies, and carriers specializing in commercial lines, where commissions can range from five to ten times higher compared to personal lines. To maximize earnings in Fridley, agents should consider expanding their expertise into commercial sectors or pursuing higher-value client portfolios, as larger books of business can significantly improve renewal commissions and overall financial rewards.
More salary data for Fridley, MN:
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 $61,840 for insurance agentsin the Fridley 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 Fridley 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