AFAIK other mods too are on average here 2hrs a day, so that shouldn't be a problem. And this is a paid job, considering you are also promoted to Patroller(can moderate newbs in other sections) , if you moderate consistently you will get a good portion of the 25% of the ad funds.
There is a very small amount of payment, but you're going to be disappointed if you apply for just that reason. Also, local mods don't immediately become patrollers. That's a separate thing.