Business & Finance Silver Spring, MD Pop. 81,015

Insurance Agent Salary in Silver Spring, Maryland

The median insurance agent salary in Silver Spring, MD is $73,482 per year, which is 27.0% above the national median and 10.4% above the Maryland state average.

City Median
$73,482
vs State Avg
+$6,943
vs National
+$15,622
Cost of Living
122%

Insurance Agent Salary in Silver Spring by Experience

In Silver Spring, an entry-level insurance agent earns around $40,640, while experienced professionals earn up to $139,700 per year. The local cost of living index is 122% of the national average.

Entry Level (0-2 yrs)
$40,640
+$8,640 vs national
Mid Level (3-7 yrs)
$76,200
+$16,200 vs national
Senior Level (8+ yrs)
$139,700
+$29,700 vs national

Salary Percentiles in Silver Spring, MD

Percentile Silver Spring
10th Percentile $38,100
25th Percentile $50,800
Median (50th) $73,482
75th Percentile $104,140
90th Percentile $149,860

Insurance Agent Salary in Other Maryland Cities

How to Become a Insurance Agent in Silver Spring

Education

Most insurance agent positions require a high school diploma. Silver Spring and the surrounding Maryland area have institutions offering relevant programs.

Key Skills

SalesInsurance ProductsClient RelationsRisk AssessmentCommunicationCRM

Job Outlook

Nationally, insurance agent employment is projected to grow 6% over the next decade (faster than average). Demand in Silver Spring may vary based on local industry and population growth.