Insurance Agent Salary in Rochester, MN: $72,872 (2026)
Quick Answer:A full-time insurance agent in Rochester, MN earns a median $72,872/year (≈ $35.04/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Rochester's price level (9% below national, BEA RPP 90.8), that paycheck buys what $80,237 would nationally. Nominal pay sits 7.9% above the Minnesota state average.
Official BLS data · View source
In 2026, the expected annual compensation for insurance agents in Rochester, MN is $72,872, reflecting a 12.94% increase over the national median of $64,522. The salary range for this occupation spans from $51,013 at the 10th percentile to an impressive $159,503 at the 90th percentile, based on projections derived from 2025 BLS OEWS data. This gradient illustrates the potential for significant earnings, particularly for those engaged in commercial lines, which typically yield higher commissions compared to personal lines. As the job market continues to adapt to evolving commission structures, the differentiation in earnings will likely remain prominent, making Rochester's opportunities appealing for both new and experienced agents navigating this field.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $51,013 | $24.52 |
| Lower Range (P25) | $61,010 | $29.33 |
| Median (P50)(typical) | $72,872 | $35.04 |
| Upper Range (P75) | $103,579 | $49.80 |
| Top Earners (P90) | $159,503 | $76.68 |
Median Salary Position
12.94% above the national average
2026 Salary Percentile Distribution in Rochester
In Rochester, MN, the insurance agent salary spread from the 10th to 90th percentile is $108,490 (2026 est.). At $72,872, the local median is 12.94% above the national median of $64,522.
Salary Calculator
At 40 hours/week in Rochester: You'd be in the entry-level range
How Rochester Insurance Agent Pay Compares
Rochester median: $72,872/year (2026)
| Compared To | Median Salary | Rochester Pays |
|---|---|---|
| Minnesota Average | $67,537 | +7.90% more |
| National Average | $64,522 | +12.94% more |
Insurance Agents in Rochester, MN earn a median of $72,872 per year (2026 est.), which is 12.94% higher than the national median of $64,522 and 7.90% above the Minnesota state average of $67,537.
Cost-of-Living Adjusted Salary
Rochester has a cost of living 9.18% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Rochester, MN has a cost-of-living index of 90.821 (below the national average of 100). A insurance agent earning $72,872 nominally has purchasing power equivalent to $80,237 in an average-cost city — an effective 10.11% boost.
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2019 BLS Actual
$62,350
2025 BLS Actual
$70,340
2026 Current Est.
$72,872
2019–2027 Growth
+21.1%
Salary Trajectory for Insurance Agents in Rochester (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $62,350 | Actual |
| 2020 | $63,590 | Actual |
| 2021 | $56,290 | Actual |
| 2022 | $65,348 | Actual |
| 2023 | $82,160 | Actual |
| 2024 | $80,260 | Actual |
| 2025 | $70,340 | Actual |
| 2026(current) | $72,872 | Estimated |
| 2027 | $75,496 | Projected |
Based on 7 years of BLS OEWS data for the Rochester metropolitan area, the median insurance agent salary grew 12.8% from $62,350 (2019) to $70,340 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $75,496 by 2027 — a total increase of $13,146 (21.08%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Rochester 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) | $51,013 – $61,010 |
| 3-5 years (Mid Career) | $61,010 – $72,872 |
| 5+ years (Experienced) | $72,872 – $103,579 |
| 10+ years (Top Earner) | $103,579 – $159,503 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Rochester
Examining Rochester's insurance agent market reveals a supportive environment with about 190 professionals currently employed in this sector. The cost of living index in Rochester stands at 90.821, which is below the national average, allowing agents to enhance their purchasing power despite varying salaries. Agents with established books of business benefit from methods that compound renewal commissions, especially in commercial insurance, which can pay five to ten times more per policy than personal lines. Captive agents from major carriers, along with independent agencies and brokerage firms, often offer competitive salaries due to differences in commission structures and customer bases. Those looking to maximize their earning potential should focus on specializing in commercial lines or exploring ownership opportunities within independent agencies, capitalizing on the growing trend within the insurance landscape in Rochester, MN.
More salary data for Rochester, 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 $70,340 for insurance agentsin the Rochester 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
Source: BLS, OEWS, 5-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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