Business & Finance Minneapolis, MN Pop. 429,954

Insurance Agent Salary in Minneapolis, Minnesota

The median insurance agent salary in Minneapolis, MN is $61,910 per year, which is 7.0% above the national median and 8.1% above the Minnesota state average.

City Median
$61,910
vs State Avg
+$4,629
vs National
+$4,050
Cost of Living
105%

Insurance Agent Salary in Minneapolis by Experience

In Minneapolis, an entry-level insurance agent earns around $34,240, while experienced professionals earn up to $117,700 per year. The local cost of living index is 105% of the national average.

Entry Level (0-2 yrs)
$34,240
+$2,240 vs national
Mid Level (3-7 yrs)
$64,200
+$4,200 vs national
Senior Level (8+ yrs)
$117,700
+$7,700 vs national

Salary Percentiles in Minneapolis, MN

Percentile Minneapolis
10th Percentile $32,100
25th Percentile $42,800
Median (50th) $61,910
75th Percentile $87,740
90th Percentile $126,260

Insurance Agent Salary in Other Minnesota Cities

How to Become a Insurance Agent in Minneapolis

Education

Most insurance agent positions require a high school diploma. Minneapolis and the surrounding Minnesota 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 Minneapolis may vary based on local industry and population growth.