Financial and Investment Analysts
Median $102,740
Occupation · SOC 13-2053
Insurance Underwriters: pay and where the jobs are
What insurance underwriters earn in the U.S., how pay varies across workers and states, and tools to plan around it.
National pay, May 2025
$81,370 median annual wage
- Mean (average) annual wage
- $93,700
- Median hourly wage
- $39.12
- Mean hourly wage
- $45.05
- Employment
- 105,420
Source: U.S. Bureau of Labor Statistics, OEWS May 2025 (released 2026-05-15), SOC 13-2053.
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See where your pay falls among insurance underwriters nationally and in your state. Nothing you type leaves your browser.
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Use these numbers
How much do insurance underwriters make?
The median annual wage for insurance underwriters was $81,370 in May 2025, so half of workers earned more and half earned less. The lowest-paid 10% earned less than $55,530 and the highest-paid 10% more than $145,160. As an hourly rate, the median is $39.12. About 105,420 people work in this occupation nationwide. The highest state medians are in Massachusetts ($106,640), New Hampshire ($103,940) and Nevada ($101,440). After taxes and local prices, though, a median paycheck goes furthest in Nevada.
Pay ladder
What each step of the pay range for insurance underwriters looks like per month. Take-home here includes federal tax, Social Security and Medicare for a single filer; add your state in the paycheck calculator.
| Step | Annual | Hourly | Monthly gross | Monthly after federal tax & FICA |
|---|---|---|---|---|
| 10th percentile | $55,530 | $26.70 | $4,628 | $3,900 |
| 25th percentile | $64,620 | $31.07 | $5,385 | $4,509 |
| Median | $81,370 | $39.12 | $6,781 | $5,506 |
| 75th percentile | $110,390 | $53.07 | $9,199 | $7,207 |
| 90th percentile | $145,160 | $69.79 | $12,097 | $9,207 |
Insurance Underwriters: pay by state
50 states and territories have a published median, sorted from highest to lowest. The last two columns are our estimates: the median after 2026 federal and state taxes, and that take-home restated in national-average prices.
1
$80,210 take-home in national prices
2
$78,675 take-home in national prices
3
$77,643 take-home in national prices
Where a median insurance underwriter paycheck goes furthest after 2026 taxes and BEA price levels.
| State | Employment | Median | 10th pct. | 90th pct. | Median after tax* | In national prices† |
|---|---|---|---|---|---|---|
| Massachusetts | 2,890 | $106,640 | $70,590 | $167,590 | $78,249 | $73,989 |
| New Hampshire | 270 | $103,940 | $70,490 | $165,380 | $81,952 | $78,675 |
| Nevada | 480 | $101,440 | $60,780 | $157,470 | $80,193 | $80,210 |
| Connecticut | 2,010 | $100,690 | $66,450 | $158,890 | $74,371 | $71,779 |
| Colorado | 2,040 | $100,640 | $67,390 | $167,680 | $75,468 | $73,233 |
| Washington | 1,740 | $99,400 | $64,130 | $164,730 | $77,379 | $72,308 |
| New York | 6,900 | $97,450 | $65,160 | $168,790 | $72,234 | $66,932 |
| Wisconsin | 3,110 | $97,370 | $61,410 | $134,090 | $73,058 | $77,643 |
| New Jersey | 3,150 | $96,220 | $66,290 | $144,230 | $71,987 | $66,161 |
| Maine | 520 | $95,510 | $62,730 | $133,390 | $70,736 | $72,886 |
| California | 6,580 | $95,320 | $65,070 | $162,640 | $70,029 | $63,248 |
| Maryland | 1,310 | $92,120 | $59,520 | $152,690 | $69,627 | $66,337 |
| Illinois | Not published | $89,620 | $59,730 | $161,410 | $67,586 | $67,615 |
| Georgia | 7,160 | $85,980 | $61,160 | $165,910 | $65,775 | $68,307 |
| Rhode Island | 250 | $84,720 | $50,240 | $138,930 | $64,938 | $63,491 |
| South Dakota | 210 | $83,130 | $58,980 | $152,720 | $67,312 | $75,985 |
| Arkansas | 290 | $82,130 | $41,450 | $158,530 | $64,057 | $73,682 |
| District of Columbia | Not published | $82,070 | $64,800 | $173,060 | $62,559 | $56,923 |
| Virginia | 2,470 | $81,870 | $61,940 | $130,120 | $62,532 | $61,849 |
| Alaska | 100 | $81,620 | $47,120 | $106,990 | $65,979 | $64,458 |
| Minnesota | 2,550 | $80,700 | $60,350 | $138,710 | $61,283 | $62,140 |
| Missouri | 2,130 | $80,040 | $56,720 | $124,250 | $62,314 | $68,614 |
| Kentucky | 900 | $79,830 | $46,550 | $138,670 | $62,314 | $69,116 |
| South Carolina | 910 | $79,570 | $51,020 | $134,950 | $61,847 | $65,971 |
| Ohio | 5,110 | $79,260 | $52,080 | $128,320 | $62,853 | $67,749 |
| Oregon | 570 | $79,200 | $61,620 | $124,760 | $58,731 | $56,821 |
| Pennsylvania | 5,160 | $78,950 | $50,310 | $135,600 | $61,892 | $63,432 |
| Texas | 9,980 | $78,890 | $51,440 | $135,410 | $64,329 | $66,280 |
| Tennessee | 1,250 | $78,840 | $50,200 | $123,150 | $64,294 | $69,984 |
| Florida | 7,300 | $78,720 | $49,880 | $134,850 | $64,210 | $62,090 |
| Vermont | 210 | $77,990 | $62,100 | $101,440 | $61,053 | $62,325 |
| Arizona | 3,360 | $77,740 | $57,770 | $127,450 | $61,970 | $61,554 |
| Indiana | 2,170 | $77,440 | $48,160 | $104,580 | $61,054 | $65,418 |
| Michigan | 2,590 | $77,380 | $50,960 | $123,440 | $60,229 | $62,597 |
| North Carolina | 3,460 | $77,120 | $48,560 | $129,980 | $60,516 | $64,156 |
| Kansas | 1,230 | $77,070 | $49,900 | $162,210 | $59,548 | $66,114 |
| Louisiana | 1,050 | $76,540 | $46,540 | $126,190 | $60,766 | $68,890 |
| Iowa | 1,490 | $75,160 | $51,800 | $128,080 | $59,501 | $67,798 |
| Nebraska | 1,410 | $75,120 | $49,150 | $105,760 | $59,139 | $65,634 |
| North Dakota | 210 | $74,130 | $54,790 | $99,490 | $60,794 | $68,339 |
| Hawaii | 230 | $73,260 | $46,470 | $105,970 | $56,238 | $51,148 |
| Utah | 490 | $72,730 | $40,780 | $119,990 | $57,016 | $57,671 |
| Oklahoma | 600 | $66,770 | $45,280 | $107,900 | $53,344 | $60,726 |
| New Mexico | 100 | $64,000 | $47,170 | $106,680 | $51,762 | $56,133 |
| Montana | 140 | $63,140 | $50,280 | $130,880 | $50,702 | $53,571 |
| Idaho | 360 | $62,530 | $47,680 | $120,890 | $50,217 | $52,587 |
| Wyoming | 50 | $62,290 | $47,520 | $104,890 | $52,230 | $56,349 |
| Alabama | 1,540 | $62,220 | $43,540 | $129,600 | $49,567 | $55,804 |
| Mississippi | 600 | $59,250 | $38,520 | $100,710 | $48,149 | $55,374 |
| Puerto Rico | 870 | $46,990 | $22,970 | $75,320 | — | — |
Source: U.S. Bureau of Labor Statistics, OEWS May 2025 (released 2026-05-15), SOC 13-2053. *Our estimate for a single filer paid biweekly with no pre-tax deductions or local tax, 2026 federal and state rules. †Take-home ÷ BEA Regional Price Parity × 100 (2024 price levels).
Sources
- OEWS May 2025 (oesm25nat.zip) — U.S. Bureau of Labor Statistics. Accessed 2026-10-09.
- OEWS May 2025 (oesm25st.zip) — U.S. Bureau of Labor Statistics. Accessed 2026-10-09.