Insurance Sales Agents Salary
Insurance Sales Agents in Minnesota make a median of $78,640 a year, or about $37.81 an hour. The range runs from $49K at the entry level to $161K for experienced workers. Cost of living is below average (RPP 92.6), which stretches that salary to about $84,924 in buying power. Rent on a 2-bedroom averages $1,384/month, or 27% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across Minnesota. Jump to a metro for precise data:
So what does $79K get you in Minnesota?
About insurance sales agents
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What this looks like in Minnesota
Minnesota sits well above the national pay line for insurance sales agents, local pay runs about 26% higher than the U.S. median of $62K. Rent runs $1,384/month for a 2-bedroom (HUD FMR), taking 27.8% of the median take-home. That's within the 30% rule, though not by much. Regional Price Parity sits at 92.6 (national = 100), meaning everyday costs run about 7% cheaper here. Your dollar stretches further than the headline salary suggests. Use the affordability calculator above to model your specific situation.
Compensation breakdown
Annual earnings by percentile, Minnesota
Entry-level insurance sales agents (10th percentile) start around $49K. Mid-career wages sit at $79K. Top earners bring in $161K or more, a $112K spread from bottom to top.
Insurance Sales Agents salary by metro in Minnesota
5 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Minneapolis-St. Paul-Bloomington | $85K | +8% | 6,750 |
| Rochester | $70K | -11% | 190 |
| Mankato | $65K | -17% | 120 |
| Duluth | $59K | -25% | 340 |
| St. Cloud | $56K | -29% | 300 |
Compare to other states
Track insurance sales agents salary changes
BLS updates this data quarterly. We'll email you when Minnesota numbers change.
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Frequently asked questions
Can a insurance sales agent afford a 2BR apartment alone in Minnesota?
Yes — at the median salary of $79K, rent takes 27.8% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,384/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for insurance sales agents in Minnesota?
The 10th-percentile wage — what new insurance sales agents typically earn — is $49K/year. Take-home on that works out to about $2,961/month. At HUD’s $1,384/month FMR, rent would take 47% 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 Minnesota?
Local pay is 26% above the national median — $79K here vs. $62K nationally.
How does Minnesota compare to the national average for insurance sales agents?
Minnesota pays $79K median vs. the U.S. average of $62K — that’s +26%. After adjusting for local cost of living (RPP 92.6), the purchasing-power equivalent is $85K — still ahead of the national median.
How much do insurance sales agents make in Minnesota?
The median is $78,640 a year, that works out to about $38 an hour. But the range is wide: entry-level workers start around $49,350, and experienced insurance sales agents can clear $161,030. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $79K enough to live in Minnesota?
On that salary, you'd take home roughly $4,982/month after taxes. A 2-bedroom here rents for about $1,384/month, which eats 27.8% 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 Minnesota?
Minnesota has a Regional Price Parity of 92.6 (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 $84,924 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.