Business & Finance Albuquerque, NM Pop. 564,559

Insurance Agent Salary in Albuquerque, New Mexico

The median insurance agent salary in Albuquerque, NM is $54,967 per year, which is 5% below the national median and 2.2% above the New Mexico state average.

City Median
$54,967
vs State Avg
+$1,157
vs National
$-2,893
Cost of Living
95%

Insurance Agent Salary in Albuquerque by Experience

In Albuquerque, an entry-level insurance agent earns around $30,400, while experienced professionals earn up to $104,500 per year. The local cost of living index 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

Salary Percentiles in Albuquerque, NM

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

Insurance Agent Salary in Other New Mexico Cities

How to Become a Insurance Agent in Albuquerque

Education

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