Average Insurance Agent Salary in Maryland
Finance · Updated 2024 · Based on BLS and industry data
Salary Overview
The average Insurance Agent in Maryland earns $61,200 per year, which is above the national average of $59,080. This translates to approximately $29.42 per hour, $2,354 biweekly, or $5,100 per month before taxes.
The cost of living in Maryland is 12% above the national average, which explains the higher salary levels needed to maintain purchasing power.
Salary Range
| Percentile | Annual Salary | Hourly Rate |
|---|---|---|
| Entry Level (25th) | $45,900 | $22.07 |
| Average (50th) | $61,200 | $29.42 |
| Experienced (75th) | $70,400 | $33.84 |
| Top Earners (90th) | $79,600 | $38.27 |
Insurance Agent Salary by City in Maryland
| City | Average Salary | Monthly |
|---|---|---|
| Baltimore | $66,100 | $5,508/mo |
| Columbia | $62,400 | $5,200/mo |
| Germantown | $60,000 | $5,000/mo |
| Silver Spring | $58,100 | $4,842/mo |
| Bethesda | $56,900 | $4,742/mo |
Career Quick Facts
| Detail | Information |
|---|---|
| Job Category | Finance |
| Typical Education | High school diploma |
| Job Growth (2022-2032) | 6% (nationwide) |
| State Income Tax | 2%-5.75% (8 brackets) |
| State Minimum Wage | $15.00/hr |
| Cost of Living Index | 1.12 (+12% vs national avg) |
Top Employers in Maryland
Major employers hiring Insurance Agents in Maryland include Johns Hopkins, Marriott, Lockheed Martin, T. Rowe Price, and Under Armour. These companies and organizations offer competitive salaries and benefits packages for finance professionals.
Calculate Your Maryland Take-Home Pay
Want to see your actual paycheck after taxes? Use our free Maryland Take-Home Pay Calculator to see exactly how much you'll take home based on your salary, filing status, and deductions.
Calculate Your Maryland Take-Home Pay
Calculate Now →