We developed an index describing the abundance of gags Mycteroperca microlepis at the planktonic postlarval stage, and we assessed the index's potential for use in stock assessment. Data on postlarval gags were collected weekly at the Pivers Island bridge near Beaufort Inlet, North Carolina, during the National Oceanic and Atmospheric Administration's bridgenet program (ichthyoplankton sampling, November–May 1986–2008); additionally, ichthyoplankton were sampled nightly during spring in 2007 and 2008. Catch of juvenile gags was examined in relation to several factors to assist in developing and refining fishery‐independent surveys; juveniles were sampled with a small trawl in seagrass beds at 15–20 randomly selected stations near Beaufort Inlet every 2 weeks during June–September 2007 and 2008. Catches of postlarval and juvenile gags were low in both gear types. From 1986 to 2008, weekly concentrations of postlarval gags were highest from mid‐April to mid‐May, and peak ingress coincided with new moon periods. Juvenile gags were caught throughout the June–September sampling period, and the highest catch per unit effort was observed in July and August. Time of year, percent seagrass coverage, seagrass species, and location inside the estuary influenced juvenile gag catch per unit effort. Growth rates of juvenile gags were rapid (∼1.5 mm/d) during summer months and did not differ between years. An annual index of postlarval abundance (adjusted for lunar effects) was developed. The spawning stock biomass from the most recent gag stock assessment was positively correlated with the postlarval abundance index; therefore, this index could be used as a fishery‐independent index of spawning stock biomass.