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As of August 01, 2026, the average salary for an Insurance Agency Manager in New Mexico is $116,804 per year, which breaks down to an hourly rate of $56.
However, an Insurance Agency Manager's salary can vary significantly. Here’s a look at the typical salary range:
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Insurance Agency Manager Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $141,258 | $11,771 | $2,716 | $68 |
| Average | $116,804 | $9,734 | $2,246 | $56 |
| 25th Percentile | $105,102 | $8,759 | $2,021 | $51 |
Colonial Life - Roswell, NM
Colonial Life - Las Cruces, NM
Colonial Life - Taos, NM
Colonial Life - Albuquerque, NM
An Insurance Agency Manager's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Insurance Agency Managers. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
For Insurance Agency Manager roles, the industry you choose can affect earning potential by as much as 60% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Edu., Gov't. & Nonprofit sectors offer the strongest compensation, at 30% above the average. In contrast, Insurance Agency Manager positions in Insurance or Business Services typically offer lower base pay, as these industries often view Insurance Agency Manager as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $151,845 | $73.0 | 30% |
| Edu., Gov't. & Nonprofit | $128,484 | $62.0 | 10% |
Understanding how an Insurance Agency Manager's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $141,258 | $11,771 | $2,716 | $68 |
| Average | $116,804 | $9,734 | $2,246 | $56 |
| 25th Percentile | $105,102 | $8,759 | $2,021 | $51 |
Ready to take the next step in your career? Browse thousands of current Insurance Agency Manager job openings on our job board. Use the search bar below to find your perfect match.
Colonial Life
Santa Fe, NM
Colonial Life | Santa Fe, NM
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NavSav Holdings LLC
Las Cruces, NM
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Fred Loya Insurance Agency
Bernalillo, NM
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