Insurance Sales Agent Salary in Minnesota
Based on 10K+ workers in Minnesota
Median Annual Salary (MN)
$78,640
$37.81/hr
vs National Average
$63,491
+23.9% vs national median
Salary Range (10th–90th)
$49K – $161K
10K employed in Minnesota
Insurance Sales Agent salary in Minnesota averages $78,640 annually, positioning the state well above national benchmarks. With approximately 10,010 professionals working in this field across Minnesota, the median salary reflects strong earning potential compared to other states. The salary range spans from $49,350 to $161,030, demonstrating considerable variation based on individual circumstances and career progression.
Several factors shape Insurance Sales Agent salary in Minnesota, including experience level, licensing credentials, and the type of insurance sold. Agents working for larger agencies or specializing in commercial policies typically earn more than those handling individual policies. Commission structures, client base size, and geographic location within the state also significantly influence earning potential, as do market conditions and company performance metrics.
Salary Distribution — Insurance Sales Agent in Minnesota
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $49,350 |
| 25th percentile | $59,940 |
| Median (50th percentile) | $78,640 |
| 75th percentile | $104,170 |
| 90th percentile | $161,030 |
Top-Paying Industries for Insurance Sales Agent (U.S.)
Which industries pay Insurance Sales Agents the most — nationwide figures (industry-level data is not available by state). Insurance Sales Agents in Minnesota tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Wholesale Trade | $107,430 | — |
| Government (excl. schools, hospitals & USPS) | $88,860 | 730 |
| Management of Companies and Enterprises | $81,090 | 3K |
| Construction | $79,980 | 60 |
| Health Care and Social Assistance | $65,850 | 360 |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Insurance Sales Agent in Minnesota vs National
| Year | Median Salary (Minnesota) |
|---|---|
| 2022 | $61,010 |
| 2023 | $76,940 |
| 2024 | $78,650 |
| 2025 | $78,640 |
| 2026 (projected) | $78,640 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Minnesota Median | National Median |
|---|---|---|
| 2022 | $61,010 | $56,540 |
| 2023 | $76,940 | $57,817 |
| 2024 | $78,650 | $60,047 |
| 2025 | $78,640 | $63,491 |
| 2026 (projected) | $78,640 | $63,491 |
Insurance Sales Agent Salary by Experience Level in Minnesota
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $59,940 |
| Mid-level | 3-5 yrs | $78,640 |
| Senior | 6-9 yrs | $104,170 |
| Staff / Lead | 10+ yrs | $161,030 |
Insurance Sales Agent Salary in Other States
Related Insurance Sales Agent Salaries in Minnesota
How other high-demand occupations in Minnesota compare to Insurance Sales Agent ($78,640 median).
| Occupation | Median Salary | vs Insurance Sales Agent | Hourly |
|---|---|---|---|
| Financial Manager in MN | $163,410 | +107.8% | $78.56/hr |
| Actuary in MN | $128,100 | +62.9% | $61.59/hr |
| Economist in MN | $105,120 | +33.7% | $50.54/hr |
| Financial Examiner in MN | $104,260 | +32.6% | $50.13/hr |
| Financial Analyst in MN | $102,990 | +31.0% | $49.51/hr |
| Personal Financial Advisor in MN | $102,660 | +30.5% | $49.36/hr |
| Loan Officer in MN | $95,170 | +21.0% | $45.75/hr |
| Budget Analyst in MN | $85,970 | +9.3% | $41.33/hr |
| Compliance Officer in MN | $85,920 | +9.3% | $41.31/hr |
| Securities Sales Agent in MN | $83,350 | +6.0% | $40.07/hr |
| Tax Examiner in MN | $83,280 | +5.9% | $40.04/hr |
| Credit Analyst in MN | $82,630 | +5.1% | $39.73/hr |
Frequently Asked Questions
How much do insurance sales agents make in Minnesota?
- Insurance sales agents in Minnesota earn a median salary of $78,640 per year, or $38 per hour. This is 23.9% higher than the national average, making it a well-compensated career path in the state.
What is the salary range for insurance sales agents in Minnesota?
- The salary range for insurance sales agents in Minnesota spans from $49,350 at the lower end to $161,030 at the upper end. This wide range reflects differences in experience, performance, and specialization within the field.
Is insurance sales a good paying job in Minnesota compared to the US average?
- Yes, insurance sales is a strong-paying job in Minnesota, with the median salary of $78,640 exceeding the national average by 23.9%. This makes Minnesota one of the better states for insurance sales compensation.
How many insurance sales agents work in Minnesota?
- There are approximately 10,010 insurance sales agents currently employed in Minnesota. This represents a substantial workforce in the state's insurance industry.