Research Summary. After extensive research by the Zippia data science team, we identified these details of underwriter salary by state for the United States:
-
Massachusetts has the highest underwriter salary of $82,615
-
Alaska has the lowest underwriter salary of $41,826
-
The national average salary for underwriters is $61,751
-
The national hourly pay for underwriters is $29.69
You can read more on the specific methodology.
Background
Salary remains a top priority for job seekers across demographics. In fact, understanding how much underwriters earn in your area is crucial for career planning. This article provides up-to-date salary information for underwriters by state, considering factors like seniority and the evolving job market.
Massachusetts continues to lead the way with the best salaries for underwriters, reflecting its strong economy and demand for financial services professionals.
Here’s a quick snapshot of the top ten states for underwriter salaries:
Let’s take a look at how we got here and a full ranking of all the states.
Highest-Paid Underwriters By State
| Rank | State | Average Underwriter Salary | 10th Percentile | 90th Percentile |
|---|---|---|---|---|
| 1 | Massachusetts | $82,615 | $51,000 | $133,000 |
| 2 | New York | $81,909 | $50,000 | $133,000 |
| 3 | California | $74,814 | $45,000 | $123,000 |
| 4 | Connecticut | $73,479 | $45,000 | $119,000 |
| 5 | Pennsylvania | $72,796 | $44,000 | $119,000 |
| 6 | New Jersey | $68,562 | $41,000 | $112,000 |
| 7 | Delaware | $67,163 | $40,000 | $111,000 |
| 8 | Washington | $66,506 | $43,000 | $102,000 |
| 9 | New Hampshire | $65,394 | $40,000 | $105,000 |
| 10 | Colorado | $65,377 | $41,000 | $102,000 |
| 11 | Michigan | $64,894 | $39,000 | $105,000 |
| 12 | Illinois | $64,607 | $40,000 | $103,000 |
| 13 | Virginia | $63,683 | $38,000 | $105,000 |
| 14 | North Carolina | $63,652 | $38,000 | $105,000 |
| 15 | Oregon | $62,747 | $39,000 | $99,000 |
| 16 | Texas | $62,629 | $37,000 | $104,000 |
| 17 | Arizona | $62,240 | $37,000 | $102,000 |
| 18 | Ohio | $62,099 | $38,000 | $101,000 |
| 19 | Maryland | $61,777 | $37,000 | $102,000 |
| 20 | Wisconsin | $60,024 | $37,000 | $96,000 |
| 21 | Rhode Island | $58,845 | $36,000 | $95,000 |
| 22 | Kansas | $58,738 | $36,000 | $93,000 |
| 23 | Minnesota | $57,440 | $36,000 | $90,000 |
| 24 | North Dakota | $57,428 | $37,000 | $88,000 |
| 25 | Nevada | $57,206 | $35,000 | $93,000 |
| 26 | Georgia | $57,066 | $34,000 | $93,000 |
| 27 | Missouri | $55,992 | $35,000 | $89,000 |
| 28 | Maine | $55,826 | $34,000 | $89,000 |
| 29 | Indiana | $54,332 | $33,000 | $87,000 |
| 30 | Vermont | $54,219 | $33,000 | $87,000 |
| 31 | South Dakota | $53,329 | $34,000 | $82,000 |
| 32 | West Virginia | $52,802 | $32,000 | $86,000 |
| 33 | New Mexico | $52,799 | $32,000 | $86,000 |
| 34 | Florida | $52,728 | $31,000 | $89,000 |
| 35 | Oklahoma | $52,556 | $32,000 | $84,000 |
| 36 | Utah | $52,141 | $33,000 | $81,000 |
| 37 | Iowa | $52,053 | $32,000 | $82,000 |
| 38 | Montana | $51,360 | $34,000 | $76,000 |
| 39 | Idaho | $50,974 | $33,000 | $78,000 |
| 40 | Kentucky | $50,854 | $31,000 | $82,000 |
| 41 | Tennessee | $49,535 | $30,000 | $80,000 |
| 42 | Nebraska | $48,965 | $31,000 | $76,000 |
| 43 | Wyoming | $48,943 | $31,000 | $75,000 |
| 44 | Hawaii | $46,260 | $35,000 | $60,000 |
| 45 | South Carolina | $46,207 | $27,000 | $76,000 |
| 46 | Arkansas | $46,189 | $28,000 | $74,000 |
| 47 | Louisiana | $45,680 | $27,000 | $76,000 |
| 48 | Alabama | $45,601 | $27,000 | $75,000 |
| 49 | Mississippi | $45,366 | $27,000 | $74,000 |
| 50 | Alaska | $41,826 | $30,000 | $56,000 |
Methodology: Underwriter Salary By State
To better understand underwriter pay by state, Zippia has aggregated data across a multitude of channels including the BLS, FLC, and OPM. We then supplement that data with actual listed salaries from job posts. Finally, the data science team calculates a weighted average of these inputs to create an average pay for underwriters by state.
We took the average annual salary data for underwriters from these estimates and ranked every state on this criteria with the state with the highest salary ranking as highest average salary for underwriters.
Underwriter Salary By State FAQs
-
What is the highest-paid state for underwriters?
The highest-paid state for underwriters is Massachusetts with an average salary of $82,615 per year.
-
What city pays underwriters the most?
Boston, MA pays underwriters the most with an average salary of $82,491 per year.
-
What is the worst state for underwriters?
The worst state for underwriters is Alaska with an average salary of $41,826 per year.
Author
Chris Kolmar is a co-founder of Zippia and the editor-in-chief of the Zippia career advice blog. He has hired over 50 people in his career, been hired five times, and wants to help you land your next job. His research has been featured on the New York Times, Thrillist, VOX, The Atlantic, and a host of local news. More recently, he's been quoted on USA Today, BusinessInsider, and CNBC.
