Business & Finance Montana (MT) Rank #26 of 50

Insurance Agent Salary in Montana

The median insurance agent salary in Montana is $54,967 per year, which is 5% below the national median of $57,860.

Median Salary
$54,967
vs National
$-2,893
State Rank
#26 of 50
Cost of Living
95%

Insurance Agent Salary Overview in Montana (2026)

Montana ranks #26 out of 50 states for insurance agent compensation. Insurance Agent salaries in Montana are below the national median, though the higher cost of living makes this gap more significant. At $54,967 per year, insurance agents in Montana earn $2,893 less than the national median of $57,860.

Montana's cost of living is near the national average at 95%, meaning insurance agent salaries here translate closely to their face value in purchasing power.

The salary spread in Montana is significant: insurance agents at the 10th percentile earn $28,500, while those at the 90th percentile bring home $112,100 — a $83,600 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Montana for this role is Bozeman, where the median reaches $66,539.

Nationally, insurance agent employment is projected to grow 6% over the next decade (faster than average). This steady growth indicates stable demand for insurance agents across the country.

Insurance Agent Salary in Montana by Experience

In Montana, an entry-level insurance agent earns around $30,400, while experienced professionals earn up to $104,500 per year. The cost of living index in Montana is 95% of the national average.

Entry Level (0-2 yrs)
$30,400
$-1,600 vs national
Mid Level (3-7 yrs)
$57,000
$-3,000 vs national
Senior Level (8+ yrs)
$104,500
$-5,500 vs national

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Salary Percentiles in Montana

Percentile MT Salary
10th Percentile $28,500
25th Percentile $38,000
Median (50th) $54,967
75th Percentile $77,900
90th Percentile $112,100

Insurance Agent Salary by City in Montana

The largest employment areas for insurance agents in Montana include Billings, Missoula, Great Falls, and Bozeman. Salaries vary by city based on local cost of living and demand.

How to Become a Insurance Agent in Montana

Education

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

Key Skills

SalesInsurance ProductsClient RelationsRisk AssessmentCommunicationCRM

Job Outlook in Montana

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

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Frequently Asked Questions: Insurance Agent Salary in Montana

How much does a Insurance Agent make in Montana? ▼
The median insurance agent salary in Montana is $54,967 per year, which is 5% below the national median of $57,860. Salaries range from $28,500 (10th percentile) to $112,100 (90th percentile).
How much does a Insurance Agent make per hour in Montana? ▼
Based on the median annual salary of $54,967, a insurance agent in Montana earns approximately $26 per hour assuming a standard 2,080-hour work year.
Is Montana a good state for insurance agents? ▼
Montana ranks #26 out of 50 states for insurance agent pay. The cost of living index is 95% of the national average. Entry-level insurance agents earn $30,400, while senior professionals earn $104,500.
How does Montana compare to other states for insurance agent salary? ▼
The highest paying state for insurance agents is Hawaii at $98,362. Montana's median of $54,967 ranks #26 nationally. Nearby-ranked states include Utah ($56,124) and Georgia ($54,967).
What is the entry-level insurance agent salary in Montana? ▼
An entry-level insurance agent in Montana earns approximately $30,400 per year. With 3-7 years of experience, pay increases to around $57,000. Senior-level professionals with 8+ years earn up to $104,500.
What city in Montana pays insurance agents the most? ▼
Bozeman is the highest paying city in Montana for insurance agents, with a median salary of $66,539. Other cities include Billings and Missoula.