Business & Finance New Jersey (NJ) Rank #6 of 50

Insurance Agent Salary in New Jersey

The median insurance agent salary in New Jersey is $71,168 per year, which is 23.0% above the national median of $57,860.

Median Salary
$71,168
vs National
+$13,308
State Rank
#6 of 50
Cost of Living
115%

Insurance Agent Salary in New Jersey by Experience

In New Jersey, an entry-level insurance agent earns around $39,360, while experienced professionals earn up to $135,300 per year. The cost of living index in New Jersey is 115% of the national average.

Entry Level (0-2 yrs)
$39,360
+$7,360 vs national
Mid Level (3-7 yrs)
$73,800
+$13,800 vs national
Senior Level (8+ yrs)
$135,300
+$25,300 vs national

Salary Percentiles in New Jersey

Percentile NJ Salary
10th Percentile $36,900
25th Percentile $49,200
Median (50th) $71,168
75th Percentile $100,860
90th Percentile $145,140

Insurance Agent Salary by City in New Jersey

The largest employment areas for insurance agents in New Jersey include Newark, Jersey City, Paterson, and Elizabeth. Salaries vary by city based on local cost of living and demand.

How to Become a Insurance Agent in New Jersey

Education

Most insurance agent positions require a high school diploma. New Jersey has several accredited institutions offering relevant programs.

Key Skills

SalesInsurance ProductsClient RelationsRisk AssessmentCommunicationCRM

Job Outlook in New Jersey

Nationally, insurance agent employment is projected to grow 6% over the next decade (faster than average). New Jersey's demand may vary based on local industry trends.