Insurance Agent Salary in Bozeman, MT: $65,517 (2026)
Quick Answer:A full-time insurance agent in Bozeman, MT earns a median $65,517/year (≈ $31.49/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Bozeman's price level (3% above national, BEA RPP 102.5), that paycheck buys what $63,913 would nationally. Nominal pay sits 5.6% above the Montana state average.
Official BLS data · View source
In 2026, the estimated insurance agent salary in Bozeman, MT is projected to be $65,517, reflecting a slight increase compared to the national median of $64,522, making local positions relatively competitive. Insurance agents in the region can expect a salary range from $46,475 at the lower end (P10) to a high of $182,927 (P90), illustrating the significant variation in compensation based on experience, book of business, and type of agency affiliation. This data, derived from 2025 BLS OEWS surveys, showcases a critical divide in the market structure. Captive agents working for companies like State Farm or Allstate often have more predictable earnings but may face limitations on commission growth, while independent agents and those at commercial brokerages have opportunities for larger payouts based on diverse client bases and commission structures.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $46,475 | $22.35 |
| Lower Range (P25) | $60,015 | $28.85 |
| Median (P50)(typical) | $65,517 | $31.49 |
| Upper Range (P75) | $95,260 | $45.80 |
| Top Earners (P90) | $182,927 | $87.95 |
Median Salary Position
1.54% above the national average
2026 Salary Percentile Distribution in Bozeman
In Bozeman, MT, the insurance agent salary spread from the 10th to 90th percentile is $136,452 (2026 est.). At $65,517, the local median is 1.54% above the national median of $64,522.
Salary Calculator
At 40 hours/week in Bozeman: You'd be in the entry-level range
How Bozeman Insurance Agent Pay Compares
Bozeman median: $65,517/year (2026)
| Compared To | Median Salary | Bozeman Pays |
|---|---|---|
| Montana Average | $62,042 | +5.60% more |
| National Average | $64,522 | +1.54% more |
Insurance Agents in Bozeman, MT earn a median of $65,517 per year (2026 est.), which is 1.54% higher than the national median of $64,522 and 5.60% above the Montana state average of $62,042.
Cost-of-Living Adjusted Salary
Bozeman has a cost of living 2.51% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Bozeman, MT has a cost-of-living index of 102.51 (above the national average of 100). While the nominal salary of $65,517 is competitive, the higher cost of living reduces purchasing power to an effective $63,913 — a 2.45% reduction.
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2019 BLS Actual
$51,725
2025 BLS Actual
$63,240
2026 Current Est.
$65,517
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Bozeman (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $51,725 | Actual |
| 2020 | $52,984 | Actual |
| 2021 | $50,608 | Actual |
| 2022 | $58,752 | Actual |
| 2023 | $59,991 | Actual |
| 2024 | $60,450 | Actual |
| 2025 | $63,240 | Actual |
| 2026(current) | $65,517 | Estimated |
| 2027 | $67,875 | Projected |
Based on 7 years of BLS OEWS data for the Bozeman metropolitan area, the median insurance agent salary grew 22.3% from $51,725 (2019) to $63,240 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $67,875 by 2027 — a total increase of $16,150 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Bozeman 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) | $46,475 – $60,015 |
| 3-5 years (Mid Career) | $60,015 – $65,517 |
| 5+ years (Experienced) | $65,517 – $95,260 |
| 10+ years (Top Earner) | $95,260 – $182,927 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Bozeman
With approximately 260 insurance agents currently employed in Bozeman, the local job market remains robust, despite the cost-of-living index standing at 102.51, which is slightly above the national average. This figure suggests that while salaries may be higher than some regions, housing and living expenses should be factored into overall earnings. Among local employers, those associated with established captive agencies may offer relatively stable pay, but independent and commercial brokerage firms tend to provide greater potential for higher earnings due to larger commission splits and fewer caps on income. The disparity in pay is heavily influenced by factors such as the size of the agent's book of business, focusing on personal versus commercial lines, and whether they operate as an independent or a captive agent. For those looking to maximize their insurance agent pay in Bozeman, it’s advisable to cultivate a diverse client portfolio and to consider transitioning into commercial lines, where revenues can significantly surpass those of personal lines.
More salary data for Bozeman, MT:
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 $63,240 for insurance agentsin the Bozeman 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, 2-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