Insurance Agent Salary in Jackson, NJ: $73,872 (2026)
Quick Answer:A full-time insurance agent in Jackson, NJ earns a median $73,872/year (≈ $35.51/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 41-3021). Once you factor in Jackson's price level (15% above national, BEA RPP 115.2), that paycheck buys what $64,125 would nationally. Nominal pay sits 0.6% below the New Jersey state average.
Based on BLS state-level estimates · View source
In Jackson, New Jersey, insurance agents earn an annual median of $73,872, reflecting a competitive market that is 14.49% higher than the national median salary of $64,522 for the same profession. The pay range for insurance agents in this region is substantial, with entry-level positions starting at $42,846 and experienced agents earning as much as $114,502. These figures are projections for 2026, based on 2025 BLS data, accounting for regional cost-of-living adjustments. In the complex job market of Jackson, the divide between captive agents working for companies like State Farm and Allstate, independent agents, and those in commercial brokerages creates a varied landscape for compensation, influenced by the type of insurance sold and the market segments they serve.
About the Jackson Market
Salary estimated from New Jersey average ($82,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $42,846 | $20.60 |
| Lower Range (P25) | $57,803 | $27.79 |
| Median (P50)(typical) | $73,872 | $35.51 |
| Upper Range (P75) | $94,556 | $45.46 |
| Top Earners (P90) | $114,502 | $55.05 |
Median Salary Position
14.49% above the national average
2026 Salary Percentile Distribution in Jackson
In Jackson, NJ, the insurance agent salary spread from the 10th to 90th percentile is $71,656 (2026 est.). At $73,872, the local median is 14.49% above the national median of $64,522.
Salary Calculator
At 40 hours/week in Jackson: You'd be in the lower-middle range
How Jackson Insurance Agent Pay Compares
Jackson median: $73,872/year (2026)
| Compared To | Median Salary | Jackson Pays |
|---|---|---|
| New Jersey Average | $74,318 | -0.60% less |
| National Average | $64,522 | +14.49% more |
Insurance Agents in Jackson, NJ earn a median of $73,872 per year (2026 est.), which is 14.49% higher than the national median of $64,522 and 0.60% below the New Jersey state average of $74,318.
Cost-of-Living Adjusted Salary
Jackson has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Jackson, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $73,872 is competitive, the higher cost of living reduces purchasing power to an effective $64,125 — a 13.19% reduction.
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2019 BLS Actual
$58,322
2025 BLS Actual
$71,305
2026 Current Est.
$73,872
2019–2027 Growth
+31.2%
Salary Trajectory for Insurance Agents in Jackson (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.60% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $58,322 | Actual |
| 2020 | $59,741 | Actual |
| 2021 | $57,062 | Actual |
| 2022 | $66,244 | Actual |
| 2023 | $67,641 | Actual |
| 2024 | $93,882 | Actual |
| 2025 | $71,305 | Actual |
| 2026(current) | $73,872 | Estimated |
| 2027 | $76,531 | Projected |
Based on 7 years of BLS OEWS data for the Jackson metropolitan area, the median insurance agent salary grew 22.3% from $58,322 (2019) to $71,305 (2025). At a 3.60% compound annual growth rate, salaries are projected to reach $76,531 by 2027 — a total increase of $18,209 (31.22%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Jackson 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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $42,846 – $57,803 |
| 3-5 years (Mid Career) | $57,803 – $73,872 |
| 5+ years (Experienced) | $73,872 – $94,556 |
| 10+ years (Top Earner) | $94,556 – $114,502 |
Agent salary ranges estimated from BLS percentile data. Individual insurance agent compensation varies by employer, certifications, and specialization.
Insurance Agent Job Market in Jackson
As of now, only 10 insurance agents are employed in the Jackson area, a factor that delineates a tight-knit market where opportunities may be limited. With a cost of living index at 115.2, agents in Jackson may find that their take-home pay does not stretch as far as it might elsewhere, necessitating strategic career choices. Employers that typically offer higher pay include captive agents at single carriers, which often provide pay structures that include signing bonuses and training stipends but may limit long-term earnings potential. In contrast, independent agencies and large commercial brokerages offer paths that can significantly enhance income through higher commissions on commercial policies. To maximize earnings, insurance agents in Jackson should focus on building a substantial book of business while considering the nuances of commission structures between personal and commercial lines. Engaging with potential clients in commercial sectors could allow agents to leverage higher commission rates and cultivate ongoing relationships, which is essential in this evolving insurance marketplace.
More salary data for Jackson, NJ:
Frequently Asked Questions
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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
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $71,305 for insurance agentsin the Jackson metropolitan area. A 3.60% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Jackson 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