Real Estate Agents vs. Insurance Agents: Pay, Job Outlook and Training Compared (2025 BLS Data)
- Insurance Agents had the higher median annual wage in May 2025: $62,280, versus $52,830 for real estate agents.
- There are more insurance agents: about 479,100 U.S. jobs, versus 193,370 for real estate agents.
- BLS projects employment of real estate agents to change by 1.7% and employment of insurance agents by 3.3% from 2025 to 2035.
Choosing between real estate agents and insurance agents, or thinking about switching? This side-by-side uses the federal government’s BLS OEWS national data, May 2025 for pay and job counts and BLS Employment Projections, 2025–35 for growth, openings and typical entry requirements. BLS occupation titles: “Real Estate Sales Agents” (SOC 41-9022) and “Insurance Sales Agents” (SOC 41-3021). More detail: Real Estate Agents (BLS) and Insurance Agents (BLS).
Pay side by side
| May 2025 | Real Estate Agents | Insurance Agents |
|---|---|---|
| U.S. jobs | 193,370 | 479,100 |
| 10th percentile (annual) | $32,970 | $37,330 |
| 25th percentile | $40,040 | $46,870 |
| Median (annual) | $52,830 | $62,280 |
| Median (hourly) | $25.40 | $29.94 |
| 75th percentile | $82,020 | $96,950 |
| 90th percentile | $123,590 | $138,140 |
| Mean (average) | $69,510 | $81,480 |
Percentile wages: for example, 10% of workers earn less than the 10th-percentile figure. OEWS wages exclude overtime, tips and most bonuses.
Outlook and how you get in
| BLS Employment Projections | Real Estate Agents | Insurance Agents |
|---|---|---|
| Projected job growth, 2025–35 | 1.7% | 3.3% |
| Openings per year (avg.) | 32.6 thousand | 43.1 thousand |
| Typical entry education | High school diploma or equivalent | High school diploma or equivalent |
| Work experience in a related job | none | none |
| Typical on-the-job training | Moderate-term on-the-job training | Moderate-term on-the-job training |
Openings include jobs that open up when workers retire or change occupations, not just new positions, which is why a field with slow growth can still hire a lot of people every year.
Where each job pays best
The three states with the highest median wage for each occupation (BLS OEWS state data, May 2025):
| Rank | Real Estate Agents | Insurance Agents |
|---|---|---|
| 1 | District of Columbia – $123,770 | District of Columbia – $84,530 |
| 2 | New York – $102,990 | New Jersey – $81,640 |
| 3 | New Jersey – $99,990 | Rhode Island – $79,930 |
By industry, real estate agents earned the highest median in Mining, Quarrying, and Oil and Gas Extraction ($122,520) and insurance agents in Management of Companies and Enterprises ($81,090), counting sectors with at least 1,000 jobs in the occupation (BLS OEWS industry data).
Which should you pick?
- Look past the median. Compare the 25th and 75th percentiles too: they show what a typical early-career and an experienced worker earn in each field.
- Count the cost of entry. The education and training rows above tell you how long it takes to start earning. A longer path can still pay off if the pay gap is large.
- Check your area. State pay differs a lot from the national figure; use the state table and your local job ads before deciding.
- Already in one of these jobs? If your pay is below the 25th percentile for your field, that is a concrete number to bring to a raise conversation.
Published October 30, 2026. Sources are linked in the text.
Header image: original chart by JobPayRaise.com using BLS OEWS May 2025 data.
Comments (1)
One more data point, from metro-level data: among metro areas with at least 300 jobs in the occupation, the highest median for real estate agents was in Midland, TX ($109,760, 340 jobs), and for insurance agents it was in San Francisco-Oakland-Fremont, CA ($95,640, 4,860 jobs). Source: BLS OEWS metropolitan-area data, May 2025.
— JobPayRaise Data Desk