Insurance Agent Hourly Pay in Toms River, NJ: $35.23 (2026)
Quick Answer:Hourly pay for a insurance agent working in Toms River, NJ runs $35.23 at the median for 2026 — annualizing to $73,284 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 41-3021). Weighted against Toms River's regional price level (BEA RPP 115.2, 15% above national), each hour of work buys what $30.59 nationally would. A 24-hour part-time schedule grosses $43,972 per year.
Based on BLS state-level estimates · View source
In Toms River, New Jersey, the projected insurance agent hourly pay for 2026 stands at $35.23, significantly above the national median of $31.02. This favorable hourly rate translates into an appealing opportunity for part-time workers, who might opt for a 3-day workweek, resulting in earnings that can substantially supplement other income. Per diem workers in this field can expect to navigate a typical environment that includes captive agent storefronts, independent agency offices, and various client interactions, all of which require strong interpersonal skills and product knowledge. The hourly pay ranges from $22.42 at the entry-level (P10) to $54.61 for those at the top of the pay scale (P90), allowing for a diverse salary landscape that caters to a range of experience levels.
About the Toms River 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) | $22.42 | $179.35 |
| Lower Range (P25) | $27.23 | $217.81 |
| Median (P50) | $35.23 | $281.87 |
| Upper Range (P75) | $45.10 | $360.78 |
| Top Earners (P90) | $54.61 | $436.86 |
Estimated Annual Income by Work Schedule in Toms River
Based on $35.23/hr median hourly rate · 2026 est.
At $35.23/hr, a insurance agent working full-time (40 hr/wk) in Toms River, NJ can expect to earn approximately $73,287 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $42,281. With a cost-of-living index of 115.20 (above the national average), these earnings may be offset by higher expenses in Toms River.
Hourly Rate Calculator
Schedule Comparison in Toms River
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,409.37 | $6,107 | $73,287 |
| Part-Time (24 hrs) | $845.62 | $3,664 | $43,972 |
| Per Diem (16 hrs) | $563.75 | $2,443 | $29,315 |
Compare Agent Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Insurance Agent (Toms River) | $35.23 |
| 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 Toms River, NJ earn a median of $73,284 per year (2026 est.), which is 13.58% higher than the national median of $64,522 and 1.40% below the New Jersey state average of $74,324.
Insurance Agent Hourly Pay vs. Cost of Living
Working 24h/week at $35.23/hr = $43,972/year (purchasing power: $38,171).
Working 40h/week (full-time) = $73,287/year (purchasing power: $63,618).
CoL index: 115.2 (100 = national average).
2019 BLS Actual
$27.82/hr
2025 BLS Actual
$34.01/hr
2026 Current Est.
$35.23/hr
2019–2027 Growth
+31.2%
Hourly Rate Trajectory for Insurance Agents in Toms River (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $27.82/hr | Actual |
| 2020 | $28.49/hr | Actual |
| 2021 | $27.22/hr | Actual |
| 2022 | $31.60/hr | Actual |
| 2023 | $32.26/hr | Actual |
| 2024 | $44.78/hr | Actual |
| 2025 | $34.01/hr | Actual |
| 2026(current) | $35.23/hr | Estimated |
| 2027 | $36.50/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for insurance agents in Toms River grew 22.3% from $27.82/hr (2019) to $34.01/hr (2025). At a 3.60% projected growth rate, hourly pay is expected to reach $36.50/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 Toms River 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 Toms River
While part-time agents in Toms River can anticipate an annual take-home from a 24-hour workweek significantly lower than full-time counterparts, they do have opportunities for flexible engagements. Though per-diem work isn't prevalent in this sector—most earnings are based on commissions—there are niches where highly specialized roles, like consulting with risk managers or serving as expert witnesses in coverage disputes, can mean payouts between $200 to $600 per hour. Hourly earnings fluctuate depending on the type of employer, with captive agents often earning less than their independent agency or large brokerage counterparts, primarily during initial phases of their careers. Insurance agents may choose positions that offer less hourly pay but include health benefits, a consideration of importance given the overall cost of living index in Toms River is 115.2. When negotiating salary, agents should emphasize their qualifications, including CPCU or CIC designations if applicable, which can greatly influence their market value in this competitive field in NJ.
More salary data for Toms River, NJ:
Frequently Asked Questions
What is the hourly rate for insurance agents in Toms River in 2026?
How much do part-time insurance agents make in Toms River?
Are insurance agents in Toms River paid hourly or salary?
How much does a full-time insurance agent make per year in Toms River?
Do insurance agents earn more per hour working part-time in Toms River?
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 Toms River. 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 Toms River 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