Insurance Agencies and Brokerages in New Jersey
Revenue benchmarks for insurance agencies and brokerages businesses operating in New Jersey.
#2 of 50 states+70.4% vs national avg
Average Revenue
$2.9M
per year
Businesses
2,359
in New Jersey
Revenue / Employee
$318K
per year
Labor Cost
30.0%
of revenue
Profit Margin
15.0%
industry average
Market Saturation
25.4
firms per 100K in NJ
Total Revenue
$6.8B
all firms in NJ
Total Employees
21,290
in NJ
How New Jersey Compares
National Average$1.7M
New Jersey$2.9M
Difference+$1.2M (+70.4%)