Business & Finance Minnesota (MN) Rank #19 of 50

Insurance Agent Salary in Minnesota

The median insurance agent salary in Minnesota is $57,281 per year, which is 1% below the national median of $57,860.

Median Salary
$57,281
vs National
$-579
State Rank
#19 of 50
Cost of Living
97%

Insurance Agent Salary in Minnesota by Experience

In Minnesota, an entry-level insurance agent earns around $31,680, while experienced professionals earn up to $108,900 per year. The cost of living index in Minnesota is 97% of the national average.

Entry Level (0-2 yrs)
$31,680
$-320 vs national
Mid Level (3-7 yrs)
$59,400
$-600 vs national
Senior Level (8+ yrs)
$108,900
$-1,100 vs national

Salary Percentiles in Minnesota

Percentile MN Salary
10th Percentile $29,700
25th Percentile $39,600
Median (50th) $57,281
75th Percentile $81,180
90th Percentile $116,820

Insurance Agent Salary by City in Minnesota

The largest employment areas for insurance agents in Minnesota include Minneapolis, Saint Paul, Rochester, and Duluth. Salaries vary by city based on local cost of living and demand.

How to Become a Insurance Agent in Minnesota

Education

Most insurance agent positions require a high school diploma. Minnesota has several accredited institutions offering relevant programs.

Key Skills

SalesInsurance ProductsClient RelationsRisk AssessmentCommunicationCRM

Job Outlook in Minnesota

Nationally, insurance agent employment is projected to grow 6% over the next decade (faster than average). Minnesota's demand may vary based on local industry trends.