Salary comparison
Insurance Sales Agents: Madison vs Minneapolis
Minneapolis, MN pays about 4.9% more for insurance sales agents on paper — $84,670 vs $80,700. But once you factor in what it costs to live there, Minneapolis comes out ahead by $3,970 a year in real buying power.
Madison, WI
$80,700
$60,990
$104,520
$38.80
100
$80,700/yr
Median adjusted for local cost of living.
Minneapolis, MN
$84,670
$63,120
$129,670
$40.71
100
$84,670/yr
Median adjusted for local cost of living.
What the numbers mean in practice
The headline gap is $3,970 a year (4.9%) in favor of Minneapolis. That is the raw salary difference before any living costs.
Madison runs a cost index of 100 against the national baseline of 100; Minneapolis sits at 100. After adjusting the median for those costs, Minneapolis is the better deal by $3,970 a year — that is what each paycheck actually buys locally.
If you are weighing a move from Madison to Minneapolis for this role, the raise needs to beat 4.9% to come out ahead after living costs. Anything below that and you are earning more on paper but keeping less.
Common questions
Where do insurance sales agents earn more, Madison or Minneapolis?
Minneapolis pays $84,670 on median — about 4.9% more than Madison ($80,700). Based on BLS Occupational Employment and Wage Statistics.
Which city is the better deal after living costs?
Minneapolis. Once you divide each median by the local cost index, Minneapolis gives you roughly$84,670 of real buying power versus $80,700 in the other city.