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 Pay in Minneapolis: What to Expect (2026)

Minneapolis offers a median insurance agent salary of $61,910, which is $4,629 above the Minnesota state average of $57,281. Compared to the national median of $57,860, Minneapolis pays above average for this role.

Minneapolis's cost of living is 105% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.

The salary range for insurance agents in Minneapolis spans from $32,100 at the 10th percentile to $126,260 at the 90th percentile — a $94,160 spread. Entry-level professionals start around $34,240, while senior insurance agents with 8+ years of experience can earn up to $117,700. With a population of 429,954, Minneapolis is a mid-sized metro with a growing job market.

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

Bloomington, MN
$60,174
Pop. 89,987
Saint Paul, MN
$59,017
Pop. 311,527
Rochester, MN
$57,860
Pop. 121,395
Duluth, MN
$53,231
Pop. 90,884

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.

Find Insurance Agent Jobs in Minneapolis

Browse open insurance agent positions in Minneapolis, MN:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Insurance Agent Salary in Minneapolis

How much does a Insurance Agent make in Minneapolis, MN? ▼
The median insurance agent salary in Minneapolis, Minnesota is $61,910 per year, which is 7.0% above the national median of $57,860. Salaries range from $32,100 (10th percentile) to $126,260 (90th percentile).
How much does a Insurance Agent make per hour in Minneapolis? ▼
Based on the median annual salary of $61,910, a insurance agent in Minneapolis earns approximately $30 per hour assuming a standard 2,080-hour work year.
How does Minneapolis compare to the Minnesota state average for insurance agent pay? ▼
Minneapolis's median insurance agent salary of $61,910 is 8.1% above the Minnesota state average of $57,281. The local cost of living index is 105% of the national average.
What is the cost of living in Minneapolis, MN? ▼
Minneapolis has a cost of living index of 105% compared to the national average. This means a insurance agent salary of $61,910 in Minneapolis has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance agent in Minneapolis? ▼
Most insurance agent positions in Minneapolis require a high school diploma. Key skills include Sales, Insurance Products, Client Relations, Risk Assessment. The job market is projected to grow 6% nationally over the next decade.