Insurance Agent Salary in Horn Lake, MS: $54,170 (2026)
Quick Answer:A full-time insurance agent in Horn Lake, MS earns a median $54,170/year (≈ $26.05/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Horn Lake's price level (14% below national, BEA RPP 85.7), that paycheck buys what $63,209 would nationally. Nominal pay sits 2.0% below the Mississippi state average.
Based on BLS state-level estimates · View source
In Horn Lake, Mississippi, insurance agents can expect a median annual salary of $54,170 in 2026, reflecting the local influence of book-of-business dynamics and the compounding power of renewal commissions. The salary range for agents varies significantly, with figures spanning from $32,276 at the lower end to $83,964 for the top earners, indicating the potential for lucrative growth depending on experience, specialization, and agency affiliations. These estimates, derived from 2025 BLS data and adjusted for regional price variations, position local compensation below the national median of $64,522, highlighting a competitive but challenging market for insurance professionals in this area.
About the Horn Lake Market
Salary estimated from Mississippi average ($45,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $32,276 | $15.52 |
| Lower Range (P25) | $40,149 | $19.30 |
| Median (P50)(typical) | $54,170 | $26.05 |
| Upper Range (P75) | $69,338 | $33.34 |
| Top Earners (P90) | $83,964 | $40.36 |
Median Salary Position
16.04% below the national average
2026 Salary Percentile Distribution in Horn Lake
In Horn Lake, MS, the insurance agent salary spread from the 10th to 90th percentile is $51,688 (2026 est.). At $54,170, the local median is 16.04% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Horn Lake: You'd be in the lower-middle range
How Horn Lake Insurance Agent Pay Compares
Horn Lake median: $54,170/year (2026)
| Compared To | Median Salary | Horn Lake Pays |
|---|---|---|
| Mississippi Average | $55,276 | -2.00% less |
| National Average | $64,522 | -16.04% less |
Insurance Agents in Horn Lake, MS earn a median of $54,170 per year (2026 est.), which is 16.04% lower than the national median of $64,522 and 2.00% below the Mississippi state average of $55,276.
Cost-of-Living Adjusted Salary
Horn Lake has a cost of living 14.30% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Horn Lake, MS has a cost-of-living index of 85.7 (below the national average of 100). A insurance agent earning $54,170 nominally has purchasing power equivalent to $63,209 in an average-cost city — an effective 16.69% boost.
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2019 BLS Actual
$42,767
2025 BLS Actual
$52,288
2026 Current Est.
$54,170
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Horn Lake (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $42,767 | Actual |
| 2020 | $43,808 | Actual |
| 2021 | $41,844 | Actual |
| 2022 | $48,577 | Actual |
| 2023 | $49,601 | Actual |
| 2024 | $37,781 | Actual |
| 2025 | $52,288 | Actual |
| 2026(current) | $54,170 | Estimated |
| 2027 | $56,121 | Projected |
Based on 7 years of BLS OEWS data for the Horn Lake metropolitan area, the median insurance agent salary grew 22.3% from $42,767 (2019) to $52,288 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $56,121 by 2027 — a total increase of $13,354 (31.23%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Horn Lake 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) | $32,276 – $40,149 |
| 3-5 years (Mid Career) | $40,149 – $54,170 |
| 5+ years (Experienced) | $54,170 – $69,338 |
| 10+ years (Top Earner) | $69,338 – $83,964 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Horn Lake
Considering the specific context of Horn Lake’s job market, where only six insurance agents are currently employed, the insurance agent pay in Horn Lake, MS, offers a unique mix of opportunities and challenges. The cost of living index in Horn Lake stands at 85.7, which suggests that agents may enjoy greater purchasing power despite relatively modest earnings. Major employers, including both captive agents at established carriers like State Farm and Allstate and independent agencies, influence salary variability. Factors contributing to the pay spectrum include the size of the book of business, where renewal commissions can significantly enhance income, and the distinction between commercial and personal lines—commercial policies typically offering higher commission rates. Aspiring agents in Horn Lake should focus on building a solid client base and consider diversifying into commercial lines to maximize their earning potential in this evolving market.
More salary data for Horn Lake, MS:
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 $52,288 for insurance agentsin the Horn Lake 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 Horn Lake 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