Insurance Agent Salary in Minnesota
Insurance Agents in Minnesota earn an average of $61,714 per year across 1 metro area. This is +4.5% higher than the national average.
Average Salary
$61,714
per year
Hourly Rate
$29.67
per hour
vs National
+4.5%
$59,080 national
Salary Range
$40,989
to $88,958
Cost of Living Adjusted Salary
Nominal Salary
$61,714
Cost of Living Index
99
100 = national average
Adjusted Salary
$62,337
purchasing power equivalent
After adjusting for Minnesota's cost of living (below average), a Insurance Agent's salary of $61,714 has the purchasing power of $62,337 in an average-cost area.
Insurance Agent Salary by City in Minnesota
| City | Median Salary | Hourly Rate | Entry Level (P10) | Senior (P90) | Employment |
|---|---|---|---|---|---|
| Minneapolis, MN | $61,714 | $29.67/hr | $40,989 | $88,958 | 447 |
Source: Bureau of Labor Statistics OEWS Survey, 2026. Sorted by median salary (highest first).
Minnesota vs National Average
Insurance Agent Salary Comparison
Employment in Minnesota
There are approximately 447 Insurance Agents employed across 1 metro area in Minnesota.
Key Industries: Healthcare, Finance, Manufacturing
State Income Tax: 5.35% - 9.85%
Insurance Agent Salary Range in Minnesota
Entry Level (10th Percentile)
$40,989
Starting salary for new Insurance Agents
Median (50th Percentile)
$61,714
Mid-career Insurance Agent salary
Senior (90th Percentile)
$88,958
Top earners in the field
Related Occupations in Minnesota
Insurance Agent Salary in Neighboring States
Compare Insurance Agent salaries in Minnesota with nearby states to find the best opportunities.
More Insurance Agent Data
More Minnesota Data
Frequently Asked Questions
What is the average Insurance Agent salary in Minnesota?
The average Insurance Agent salary in Minnesota is $61,714 per year ($29.67/hour) based on 2026 data across 1 metro areas. This is 4.5% above the national average of $59,080.
What is the highest paying city for Insurance Agents in Minnesota?
Minneapolis, MN is the highest paying city for Insurance Agents in Minnesota, with a median salary of $61,714 per year.
What is the salary range for Insurance Agents in Minnesota?
Insurance Agent salaries in Minnesota range from $40,989 (entry-level, 10th percentile) to $88,958 (experienced, 90th percentile). The median salary is $61,714 per year.
About This Data
Salary data is sourced from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey. State-level averages are calculated from metro area data within Minnesota. Figures represent 2026 estimates and may not reflect all employers or self-employed workers. Cost of living adjustments use regional indices to provide purchasing power context.