Insurance Agent Salary in Orem, UT: $65,022 (2026)
Quick Answer:A full-time insurance agent in Orem, UT earns a median $65,022/year (≈ $31.26/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Orem's price level (2% below national, BEA RPP 98.1), that paycheck buys what $66,281 would nationally. Nominal pay sits 19.4% above the Utah state average.
Based on BLS state-level estimates · View source
Insurance agents in Orem, UT, can expect a robust median annual salary of $65,022 in 2026, slightly above the national median of $64,522, showcasing the city's competitive market for insurance professionals. Salary ranges are quite diverse, starting from $40,718 at the 10th percentile and reaching up to $100,785 for agents at the 90th percentile. These figures estimate the compensation landscape in Orem based on 2025 BLS data projected to 2026, reflecting local regional price adjustments. Given the economics of book-of-business for insurance agents—where the compounding nature of renewal commissions is critical to long-term earnings—the potential for sustained income growth is evident, particularly for agents who develop large client bases.
About the Orem Market
Salary estimated from Utah average ($55,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $40,718 | $19.58 |
| Lower Range (P25) | $49,755 | $23.92 |
| Median (P50)(typical) | $65,022 | $31.26 |
| Upper Range (P75) | $83,229 | $40.01 |
| Top Earners (P90) | $100,785 | $48.45 |
Median Salary Position
0.77% above the national average
2026 Salary Percentile Distribution in Orem
In Orem, UT, the insurance agent salary spread from the 10th to 90th percentile is $60,067 (2026 est.). At $65,022, the local median is 0.77% above the national median of $64,522.
Salary Calculator
At 40 hours/week in Orem: You'd be in the lower-middle range
How Orem Insurance Agent Pay Compares
Orem median: $65,022/year (2026)
| Compared To | Median Salary | Orem Pays |
|---|---|---|
| Utah Average | $54,458 | +19.40% more |
| National Average | $64,522 | +0.77% more |
Insurance Agents in Orem, UT earn a median of $65,022 per year (2026 est.), which is 0.77% higher than the national median of $64,522 and 19.40% above the Utah state average of $54,458.
Cost-of-Living Adjusted Salary
Orem has a cost of living 1.90% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Orem, UT has a cost-of-living index of 98.1 (below the national average of 100). A insurance agent earning $65,022 nominally has purchasing power equivalent to $66,281 in an average-cost city — an effective 1.94% boost.
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2019 BLS Actual
$51,335
2025 BLS Actual
$62,763
2026 Current Est.
$65,022
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Orem (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $51,335 | Actual |
| 2020 | $52,585 | Actual |
| 2021 | $50,227 | Actual |
| 2022 | $58,309 | Actual |
| 2023 | $59,538 | Actual |
| 2024 | $52,854 | Actual |
| 2025 | $62,763 | Actual |
| 2026(current) | $65,022 | Estimated |
| 2027 | $67,363 | Projected |
Based on 7 years of BLS OEWS data for the Orem metropolitan area, the median insurance agent salary grew 22.3% from $51,335 (2019) to $62,763 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $67,363 by 2027 — a total increase of $16,028 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Orem 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) | $40,718 – $49,755 |
| 3-5 years (Mid Career) | $49,755 – $65,022 |
| 5+ years (Experienced) | $65,022 – $83,229 |
| 10+ years (Top Earner) | $83,229 – $100,785 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Orem
In Orem, the insurance job market employs about 24 agents, which indicates a niche opportunity despite the relatively small number. The cost-of-living index of 98.1 suggests that agents may enjoy enhanced buying power compared to many other areas, making the insurance agent pay in Orem UT more favorable. Top-paying employers typically include large brokerage firms and strong local agencies, with independent brokers often capitalizing on greater commission structures compared to their captive counterparts. The disparity in salaries often hinges on the agent's book of business size, the type of insurance lines sold (with commercial insurance yielding significantly higher commissions), and whether the agent operates independently or under a single carrier. For agents in Orem aiming to maximize their earnings, focusing on commercial lines and nurturing relationships to build a robust client portfolio can provide significant advantages in a market where long-term financial success is increasingly tied to renewal commissions.
More salary data for Orem, UT:
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 $62,763 for insurance agentsin the Orem 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 Orem 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