Insurance Sales Agents Salary
Insurance Sales Agents in Madison, WI make a median of $80,700 a year, or about $38.8 an hour. The range runs from $50K at the entry level to $152K for experienced workers. Adjusted for local prices (RPP 97.29), that's roughly $82,948 in purchasing power. Rent on a 2-bedroom averages $1,168/month, or 22.9% of estimated take-home pay.
So what does $81K get you in Madison?
Groceries, utilities, transportation, and healthcare scaled from national averages by Madison’s Regional Price Parity (97.29). Rent from HUD Fair Market Rents. Taxes estimated for single filer, standard deduction. * Healthcare is the employee-paid share only (premiums + out-of-pocket). Actual costs vary by coverage type: employer-sponsored, ACA marketplace, or uninsured.
About insurance sales agents
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What this looks like in Madison
Madison sits well above the national pay line for insurance sales agents, local pay runs about 30% higher than the U.S. median of $62K. Housing is manageable: a 2-bedroom at the HUD median costs $1,168/month, 22.6% of take-home, well inside the 30% guideline. Cost of living (RPP 97.29) is near the national average, so spending patterns here track the typical American budget fairly closely. Combined with manageable housing costs, Madison offers a genuinely strong financial position for insurance sales agentss at the median.
Compared to nearby metros
Median pay for insurance sales agents in metros near Madison, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Milwaukee-Waukesha | $81K | $84K |
| Appleton | $77K | $84K |
| Green Bay | $78K | $84K |
| Eau Claire | $65K | $70K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Madison, WI
Entry-level insurance sales agents (10th percentile) start around $50K. Mid-career wages sit at $81K. Top earners bring in $152K or more, a $103K spread from bottom to top.
Insurance Sales Agents pay across states
Median income ranked highest to lowest, compared to the national figure
View Insurance Sales Agents salary in all states
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| District of Columbia | $85K | +36% | N/A |
| New Jersey | $82K | +31% | 11,370 |
| Rhode Island | $80K | +28% | 1,700 |
| Wisconsin | $79K | +28% | 7,860 |
| Massachusetts | $79K | +27% | 9,940 |
| Minnesota | $79K | +26% | 10,010 |
| New York | $78K | +25% | 22,420 |
| California | $76K | +22% | 41,160 |
| Connecticut | $75K | +20% | 5,230 |
| New Hampshire | $74K | +19% | 2,320 |
| Pennsylvania | $73K | +18% | 19,390 |
| South Dakota | $72K | +16% | 1,870 |
| Wyoming | $72K | +15% | 850 |
| North Dakota | $71K | +14% | 1,460 |
| Vermont | $71K | +14% | 730 |
| Colorado | $69K | +10% | 9,530 |
| Alabama | $66K | +5% | 7,430 |
| Illinois | $64K | +3% | 16,360 |
| Hawaii | $64K | +3% | 1,070 |
| Maine | $63K | +1% | 2,240 |
| Montana | $62K | -0% | 2,090 |
| Michigan | $62K | -1% | 12,160 |
| Georgia | $62K | -1% | 18,030 |
| Oregon | $62K | -1% | 5,370 |
| Nebraska | $62K | -1% | 6,160 |
| Arizona | $62K | -1% | 11,870 |
| Indiana | $61K | -1% | 10,440 |
| South Carolina | $61K | -1% | 8,220 |
| Ohio | $61K | -2% | 16,250 |
| Utah | $61K | -2% | 4,620 |
| Washington | $61K | -2% | 10,500 |
| Kentucky | $61K | -2% | 6,210 |
| Virginia | $61K | -3% | 9,480 |
| Kansas | $60K | -3% | 6,360 |
| Iowa | $60K | -3% | 6,840 |
| Florida | $60K | -4% | 47,560 |
| Missouri | $59K | -5% | 10,030 |
| North Carolina | $59K | -6% | 20,540 |
| Idaho | $59K | -6% | 3,200 |
| Maryland | $58K | -6% | 5,700 |
| Tennessee | $57K | -8% | 7,610 |
| Arkansas | $57K | -9% | 4,580 |
| Louisiana | $55K | -11% | 7,100 |
| Texas | $51K | -18% | 47,060 |
| Alaska | $51K | -19% | 540 |
| Nevada | $49K | -21% | 4,200 |
| Mississippi | $48K | -23% | 3,210 |
| Oklahoma | $48K | -23% | 5,310 |
| Delaware | $47K | -25% | 1,220 |
| West Virginia | $45K | -27% | 1,430 |
| New Mexico | $45K | -27% | 2,200 |
Showing 1–10 of 51 (all 50 states + DC)
Track insurance sales agents salary changes
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Frequently asked questions
Can a insurance sales agent afford a 2BR apartment alone in Madison?
Yes — at the median salary of $81K, rent takes 22.6% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,168/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for insurance sales agents in Madison?
The 10th-percentile wage — what new insurance sales agents typically earn — is $50K/year. Take-home on that works out to about $2,987/month. At HUD’s $1,168/month FMR, rent would take 39% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is insurance sales agent a high-paying job in Madison?
Local pay is 30% above the national median — $81K here vs. $62K nationally.
How does Madison compare to the national average for insurance sales agents?
Madison pays $81K median vs. the U.S. average of $62K — that’s +30%. After adjusting for local cost of living (RPP 97.29), the purchasing-power equivalent is $83K — still ahead of the national median.
How much do insurance sales agents make in Madison, WI?
The median is $80,700 a year, that works out to about $39 an hour. But the range is wide: entry-level workers start around $49,780, and experienced insurance sales agents can clear $152,330. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $81K enough to live in Madison?
On that salary, you'd take home roughly $5,161/month after taxes. A 2-bedroom here rents for about $1,168/month, which eats 22.6% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a insurance sales agents salary go in Madison?
Madison has a Regional Price Parity of 97.29 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median insurance sales agents salary is worth about $82,948 in national-average purchasing power.
Where do insurance sales agents get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.