Insurance Sales Agents Salary in Minnesota
Official Bureau of Labor Statistics Data - May 2024 - MN
Median Annual Salary in Minnesota
$61,110
$29.38 / hour
▲ 4.0% above national avg
National Median
$58,760
$28.25 / hour nationally
COL-Adjusted Purchasing Power
$59,330
Missouri equivalent (COL: 103)
Insurance Sales Agents Salary in Minnesota
| Percentile | Annual Salary |
|---|---|
| 10th (Entry Level) | $32,388 |
| 25th Percentile | $43,999 |
| 50th (Median) | $61,110 |
| 75th Percentile | $84,332 |
| 90th (Top Earners) | $105,109 |
| Source: U.S. Bureau of Labor Statistics OEWS, May 2024 | |
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Cost of Living Adjusted Salary
The Minnesota median salary of $61,110 for Insurance Sales Agents has the purchasing power of approximately $59,330 in Missouri (the COL baseline state with index 100).
Minnesota's higher cost of living (COL index: 103) reduces the real purchasing power of wages compared to lower-cost states.
COL data: MERIC 2024 State Cost of Living Index. Missouri = 100 baseline.
Frequently Asked Questions
How much do Insurance Sales Agents make in Minnesota?
Insurance Sales Agents in Minnesota earn a median annual salary of $61,110 per year ($29.38/hr) according to BLS OEWS data (May 2024). This is above the national median of $58,760.
Is Minnesota a good state for Insurance Sales Agents?
Minnesota pays above the national average for insurance sales agents, making it a competitive market for this occupation. Cost of living in Minnesota is near the national average (COL index: 103).
What is the cost-of-living adjusted salary for Insurance Sales Agents in Minnesota?
After adjusting for cost of living (COL index: 103 vs. Missouri baseline of 100), the $61,110 salary in Minnesota has the purchasing power of approximately $59,330 in Missouri. Higher living costs in Minnesota reduce real purchasing power.
How does Minnesota compare to neighboring states for Insurance Sales Agents salaries?
For detailed comparison across all states, see the full Insurance Sales Agents salary page at the national level, which includes a complete 50-state salary table.
Top Paying Jobs in Minnesota
| # | Job Title | Median Annual |
|---|---|---|
| 1 | Anesthesiologists | $345,488 |
| 2 | Radiologists | $322,317 |
| 3 | Orthopedic Surgeons, Except Pediatric | $318,469 |
| 4 | Neurologists | $307,424 |
| 5 | Surgeons, All Other | $306,301 |
| 6 | Ophthalmologists, Except Pediatric | $282,755 |
| 7 | Psychiatrists | $259,790 |
| 8 | Physicians, Pathologists | $253,677 |
| Source: BLS OEWS May 2024 | ||
About Insurance Sales Agents in Minnesota
Insurance Sales Agents work in their specialized field applying expertise and skills to deliver value in their organization. This occupation is part of the sales sector of the U.S. economy.
Education Required: High school diploma