Business & Finance Paterson, NJ
Pop. 159,732
Insurance Agent Salary in Paterson, New Jersey
The median insurance agent salary in Paterson, NJ is $65,382 per year, which is 13.0% above the national median and 8.1% below the New Jersey state average.
City Median
$65,382
vs State Avg
$-5,786
vs National
+$7,522
Cost of Living
105%
Insurance Agent Salary in Paterson by Experience
In Paterson, an entry-level insurance agent earns around $36,160, while experienced professionals earn up to $124,300 per year. The local cost of living index is 105% of the national average.
Entry Level (0-2 yrs)
$36,160
+$4,160 vs national
Mid Level (3-7 yrs)
$67,800
+$7,800 vs national
Senior Level (8+ yrs)
$124,300
+$14,300 vs national
Salary Percentiles in Paterson, NJ
| Percentile | Paterson |
|---|---|
| 10th Percentile | $33,900 |
| 25th Percentile | $45,200 |
| Median (50th) | $65,382 |
| 75th Percentile | $92,660 |
| 90th Percentile | $133,340 |
Insurance Agent Salary in Other New Jersey Cities
How to Become a Insurance Agent in Paterson
Education
Most insurance agent positions require a high school diploma. Paterson and the surrounding New Jersey area have institutions offering relevant programs.
Key Skills
SalesInsurance ProductsClient RelationsRisk AssessmentCommunicationCRM
Job Outlook
Nationally, insurance agent employment is projected to grow 6% over the next decade (faster than average). Demand in Paterson may vary based on local industry and population growth.