Insurance Agent Hourly Pay in Passaic, NJ: $34.98 (2026)
Quick Answer:Hourly pay for a insurance agent working in Passaic, NJ runs $34.98 at the median for 2026 — annualizing to $72,753 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Passaic's regional price level (BEA RPP 115.2, 15% above national), each hour of work buys what $30.36 nationally would. A 24-hour part-time schedule grosses $43,649 per year.
Based on BLS state-level estimates · View source
In Passaic, New Jersey, the insurance agent hourly pay is projected to be $34.98 in 2026, which is notably higher than the national hourly median of $31.02. This competitive rate not only reflects the thriving insurance market in the area but also provides a solid foundation for both full-time and part-time workers, including those operating on a per-diem basis. For instance, an insurance agent working three days a week typically earns around $1,119 weekly, which is beneficial for those seeking a flexible schedule while engaging in various environments like captive storefronts, independent agencies, or even remote policy quoting. The local salary range for hourly workers starts at approximately $21.86 for entry-level positions and can soar to about $54.21 for seasoned experts, indicating ample opportunity for growth and specialization within the field.
About the Passaic Market
Salary estimated from New Jersey average ($82,000) adjusted for local cost of living.
Insurance Agent Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $21.86 | $174.88 |
| Lower Range (P25) | $26.73 | $213.83 |
| Median (P50) | $34.98 | $279.80 |
| Upper Range (P75) | $44.78 | $358.21 |
| Top Earners (P90) | $54.21 | $433.71 |
Estimated Annual Income by Work Schedule in Passaic
Based on $34.98/hr median hourly rate · 2026 est.
At $34.98/hr, a insurance agent working full-time (40 hr/wk) in Passaic, NJ can expect to earn approximately $72,749 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $41,970. With a cost-of-living index of 115.20 (above the national average), these earnings may be offset by higher expenses in Passaic.
Hourly Rate Calculator
Schedule Comparison in Passaic
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,399.01 | $6,062 | $72,749 |
| Part-Time (24 hrs) | $839.41 | $3,637 | $43,649 |
| Per Diem (16 hrs) | $559.61 | $2,425 | $29,099 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Passaic) | $34.98 |
| Real Estate Sales Agent (National Avg) | $32.36 |
| Personal Financial Advisor (National Avg) | $51.62 |
| Insurance Underwriter (National Avg) | $37.70 |
| Claims Adjuster (National Avg) | $35.30 |
Insurance Agents in Passaic, NJ earn a median of $72,753 per year (2026 est.), which is 12.76% higher than the national median of $64,522 and 2.10% below the New Jersey state average of $74,314.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $34.98/hr = $43,649/year (purchasing power: $37,890).
Working 40h/week (full-time) = $72,749/year (purchasing power: $63,150).
CoL index: 115.2 (100 = national average).
2019 BLS Actual
$27.61/hr
2025 BLS Actual
$33.76/hr
2026 Current Est.
$34.98/hr
2019–2027 Growth
+31.2%
Hourly Rate Trajectory for Insurance Agents in Passaic (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $27.61/hr | Actual |
| 2020 | $28.29/hr | Actual |
| 2021 | $27.02/hr | Actual |
| 2022 | $31.36/hr | Actual |
| 2023 | $32.03/hr | Actual |
| 2024 | $44.45/hr | Actual |
| 2025 | $33.76/hr | Actual |
| 2026(current) | $34.98/hr | Estimated |
| 2027 | $36.23/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Passaic grew 22.3% from $27.61/hr (2019) to $33.76/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $36.23/hr by 2027. Part-time and per-diem insurance agents can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Passaic metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.60% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Working as an Hourly Insurance Agent in Passaic
Examining the part-time earning potential, an insurance agent working just 24 hours a week can bring home roughly $51,189 annually, which differs significantly from a full-time agent's earnings. The per diem insurance agent pay in Passaic varies depending on the structure of the role; while per-diem and 1099 arrangements are less common, a commission-based compensation framework prevails. On the other hand, consultants and expert witnesses in the insurance domain can set their rates between $200 and $600 per hour, depending on their credentials, such as CPCU or CIC. Moreover, hourly rates might fluctuate based on employer types, where captive agents might earn less than those at independent agencies or large brokerage firms focused on commercial lines. Agents may opt for a lower hourly wage with benefits like health insurance instead of a higher pay rate without such perks, reflecting the complex trade-offs within this career. For those negotiating hourly compensation, emphasizing the value of niche certifications and expertise is key in Passaic's competitive market.
More salary data for Passaic, NJ:
Frequently Asked Questions
What is the hourly rate for insurance agents in Passaic in 2026?
How much do part-time insurance agents make in Passaic?
Are insurance agents in Passaic paid hourly or salary?
How much does a full-time insurance agent make per year in Passaic?
Do insurance agents earn more per hour working part-time in Passaic?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in New Jersey
Written by Jordan Lee, MBA
Career Analyst
Jordan has over 10 years of experience in the insurance industry. He specializes in property and casualty insurance. He has worked in both agency and corporate settings.
Methodology & Data Source
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 3.60% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for insurance agents in Passaic. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Passaic is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.60%, derived from historical BLS wage trends for insurance agents (SOC 41-3021).
Compiled and verified by Jordan Lee, MBA, a licensed insurance agent with 10+ years of clinical experience. · View source data at BLS.gov