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Insurance Agent Salary in Utah: Cost of Living Adjusted (2024)

What does a Insurance Agent salary really buy you in Utah?

Utah is 5.5% cheaper than the US average

Data: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31

Nominal Salary
$52,440
Median annual (2024)
+5.8%
Real Purchasing Power
$55,492
COL-adjusted (RPP=94.5)

Utah Cost of Living Index

Utah's Regional Price Parity (RPP) is 94.5, meaning prices are 5.5% lower the national average. A Insurance Agent earning $52,440 in Utah has the equivalent purchasing power of $55,492 in an average-cost US state.

UT: 94.5
Cheapest (~85) US Avg (100) Priciest (~115)

Salary Breakdown: Nominal vs. COL-Adjusted

Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Utah's cost of living.

Percentile Nominal Salary COL-Adjusted Difference
10th Percentile (P10) $31,920 $33,777 +$1,857
25th Percentile (P25) $39,710 $42,021 +$2,311
Median (P50) $52,440 $55,492 +$3,052
75th Percentile (P75) $77,730 $82,253 +$4,523
90th Percentile (P90) $128,540 $136,021 +$7,481
Key Insight

A Insurance Agent in Utah earns $52,440 on paper, but low living costs mean your money goes 6% further — like earning $55,492 in an average-cost state. This makes Utah one of the best value states for this occupation.

Best States for Insurance Agent (After Cost of Living)

Where does Insurance Agent salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.

$80,501
RPP 97.7
$76,543
RPP 92.3
$74,239
RPP 88.7
$72,453
RPP 106.4
5. Alabama
$71,822
RPP 87.8
$71,764
RPP 108.8
7. Iowa
$71,436
RPP 88.4
$71,021
RPP 104.7
$70,987
RPP 109.4
10. New York
$70,501
RPP 107.6

Utah ranks #38 out of 50 states for Insurance Agent after cost-of-living adjustment.

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Frequently Asked Questions

What is the real salary for a Insurance Agent in Utah after cost of living?

A Insurance Agent in Utah earns a median salary of $52,440 per year. After adjusting for Utah's cost of living (RPP=94.5), the real purchasing power is $55,492 — a +5.8% difference.

Is Utah expensive to live in?

Utah's cost of living is 5.5% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for Utah is 94.5 (US average = 100).

What are Regional Price Parities (RPP)?

Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.

How is the cost-of-living adjusted salary calculated?

The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Insurance Agent in Utah: $52,440 x (100 / 94.5) = $55,492. This represents what the salary would be worth in a state with average living costs.

Is it better to be a Insurance Agent in Utah financially?

From a purchasing power perspective, yes. A Insurance Agent in Utah enjoys 5.8% more buying power than the nominal salary suggests, because living costs are below the national average. However, other factors like job availability, career growth, and quality of life also matter.

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