Insurance Agent Salary in Fargo, ND: $73,784 (2026)
Quick Answer:A full-time insurance agent in Fargo, ND earns a median $73,784/year (≈ $35.47/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Fargo's price level (9% below national, BEA RPP 90.9), that paycheck buys what $81,196 would nationally. Nominal pay sits 24.3% above the North Dakota state average.
Official BLS data · View source
In Fargo, ND, the projected insurance agent salary in 2026 reflects a competitive compensation landscape. Reporting a median annual salary of $73,784, this figure is notably above the national median of $64,522. The salary range for agents in Fargo spans from $47,915 at the 10th percentile to $188,707 at the 90th percentile, offering significant earning potential for top performers. These insights, derived from projections based on 2025 BLS data, highlight a robust local market for insurance agents, particularly as the industry adapts to evolving commission structures and market demands. For individuals considering a career as an insurance agent in Fargo, the mixed dynamics of personal and commercial lines will play a crucial role in shaping their earning trajectory.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $47,915 | $23.04 |
| Lower Range (P25) | $61,197 | $29.42 |
| Median (P50)(typical) | $73,784 | $35.47 |
| Upper Range (P75) | $102,937 | $49.49 |
| Top Earners (P90) | $188,707 | $90.72 |
Median Salary Position
14.35% above the national average
2026 Salary Percentile Distribution in Fargo
In Fargo, ND, the insurance agent salary spread from the 10th to 90th percentile is $140,792 (2026 est.). At $73,784, the local median is 14.35% above the national median of $64,522.
Salary Calculator
At 40 hours/week in Fargo: You'd be in the entry-level range
How Fargo Insurance Agent Pay Compares
Fargo median: $73,784/year (2026)
| Compared To | Median Salary | Fargo Pays |
|---|---|---|
| North Dakota Average | $59,360 | +24.30% more |
| National Average | $64,522 | +14.35% more |
Insurance Agents in Fargo, ND earn a median of $73,784 per year (2026 est.), which is 14.35% higher than the national median of $64,522 and 24.30% above the North Dakota state average of $59,360.
Cost-of-Living Adjusted Salary
Fargo has a cost of living 9.13% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Fargo, ND has a cost-of-living index of 90.871 (below the national average of 100). A insurance agent earning $73,784 nominally has purchasing power equivalent to $81,196 in an average-cost city — an effective 10.05% boost.
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2019 BLS Actual
$63,580
2025 BLS Actual
$71,220
2026 Current Est.
$73,784
2019–2027 Growth
+20.2%
Salary Trajectory for Insurance Agents in Fargo (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $63,580 | Actual |
| 2020 | $59,090 | Actual |
| 2021 | $60,620 | Actual |
| 2022 | $65,080 | Actual |
| 2023 | $75,740 | Actual |
| 2024 | $67,990 | Actual |
| 2025 | $71,220 | Actual |
| 2026(current) | $73,784 | Estimated |
| 2027 | $76,440 | Projected |
Based on 7 years of BLS OEWS data for the Fargo metropolitan area, the median insurance agent salary grew 12.0% from $63,580 (2019) to $71,220 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $76,440 by 2027 — a total increase of $12,860 (20.23%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Fargo 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) | $47,915 – $61,197 |
| 3-5 years (Mid Career) | $61,197 – $73,784 |
| 5+ years (Experienced) | $73,784 – $102,937 |
| 10+ years (Top Earner) | $102,937 – $188,707 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Fargo
In Fargo, approximately 610 insurance agents are contributing to a dynamic job market, making this career path an appealing choice for many. With a cost-of-living index of 90.871, professionals in the insurance sector enjoy greater purchasing power compared to the national average. Employers in Fargo vary significantly in their compensation packages. Captive agents at established carriers like State Farm and Allstate typically offer training incentives and solid initial pay, while independent agencies and large brokerages might favor those with existing books of business, thus amplifying commission opportunities. The wage disparity in this field often hinges on factors such as agency ownership equity, the size of the book of business, and the nature of lines sold, with commercial policies generally yielding substantially higher commissions. For agents aiming to maximize their pay in Fargo, focusing on building a diversified portfolio that includes commercial lines can be an effective strategy, particularly as the market continues to evolve amid shifting insurance trends.
More salary data for Fargo, ND:
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 $71,220 for insurance agentsin the Fargo 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, 7-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