Insurance Agent Salary in Smyrna, TN: $57,532 (2026)
Quick Answer:A full-time insurance agent in Smyrna, TN earns a median $57,532/year (≈ $27.66/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Smyrna's price level (8% below national, BEA RPP 91.8), that paycheck buys what $62,671 would nationally. Nominal pay sits 1.1% above the Tennessee state average.
Based on BLS state-level estimates · View source
In Smyrna, TN, the dynamics of compensation for insurance agents feature a compelling median annual salary of $57,532 in 2026. This figure illustrates how renewal commissions significantly contribute to long-term earnings, particularly as agents build their books of business over time. With a salary range spanning from $34,326 at the 10th percentile to $89,175 at the 90th percentile, the variances in pay reflect differences in experience, agency affiliation, and the size of existing client portfolios. These estimates, grounded in 2025 BLS data and adjusted for regional economic conditions, indicate that while local salaries are slightly lower compared to the national median of $64,522, they present competitive opportunities within the broader job market of Smyrna.
About the Smyrna Market
Salary estimated from Tennessee average ($55,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $34,326 | $16.50 |
| Lower Range (P25) | $42,747 | $20.55 |
| Median (P50)(typical) | $57,532 | $27.66 |
| Upper Range (P75) | $73,641 | $35.40 |
| Top Earners (P90) | $89,175 | $42.87 |
Median Salary Position
10.83% below the national average
2026 Salary Percentile Distribution in Smyrna
In Smyrna, TN, the insurance agent salary spread from the 10th to 90th percentile is $54,849 (2026 est.). At $57,532, the local median is 10.83% below the national median of $64,522.
Salary Calculator
At 40 hours/week in Smyrna: You'd be in the lower-middle range
How Smyrna Insurance Agent Pay Compares
Smyrna median: $57,532/year (2026)
| Compared To | Median Salary | Smyrna Pays |
|---|---|---|
| Tennessee Average | $56,906 | +1.10% more |
| National Average | $64,522 | -10.83% less |
Insurance Agents in Smyrna, TN earn a median of $57,532 per year (2026 est.), which is 10.83% lower than the national median of $64,522 and 1.10% above the Tennessee state average of $56,906.
Cost-of-Living Adjusted Salary
Smyrna has a cost of living 8.20% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Smyrna, TN has a cost-of-living index of 91.8 (below the national average of 100). A insurance agent earning $57,532 nominally has purchasing power equivalent to $62,671 in an average-cost city — an effective 8.93% boost.
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2019 BLS Actual
$45,422
2025 BLS Actual
$55,533
2026 Current Est.
$57,532
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Smyrna (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $45,422 | Actual |
| 2020 | $46,527 | Actual |
| 2021 | $44,441 | Actual |
| 2022 | $51,592 | Actual |
| 2023 | $52,680 | Actual |
| 2024 | $51,035 | Actual |
| 2025 | $55,533 | Actual |
| 2026(current) | $57,532 | Estimated |
| 2027 | $59,603 | Projected |
Based on 7 years of BLS OEWS data for the Smyrna metropolitan area, the median insurance agent salary grew 22.3% from $45,422 (2019) to $55,533 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $59,603 by 2027 — a total increase of $14,181 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Smyrna 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) | $34,326 – $42,747 |
| 3-5 years (Mid Career) | $42,747 – $57,532 |
| 5+ years (Experienced) | $57,532 – $73,641 |
| 10+ years (Top Earner) | $73,641 – $89,175 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Smyrna
The local job market for insurance agents is relatively modest, with just 12 individuals currently employed in this sector. The cost of living in Smyrna, calculated with an index of 91.8, suggests that cushions purchasing power in terms of everyday expenses. Captive agents employed by major carriers such as State Farm and Allstate may offer stable salary options, while independent agencies and larger brokerages typically provide more significant earnings potential, especially within commercial insurance lines where remuneration can be 5-10 times that of personal lines. The gap between low and high salaries is driven by factors like book of business size, commission structures, and potential equity ownership in agencies. For those looking to maximize their insurance agent pay in Smyrna, TN, developing a robust network to increase client referrals, pursuing commercial accounts, and possibly considering opportunities with a broader scope of carriers could yield substantial benefits in securing higher earnings.
More salary data for Smyrna, TN:
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 $55,533 for insurance agentsin the Smyrna 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 Smyrna 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