Best states for a consumer loan underwriter

Q: What is the best state for consumer loan underwriters?

The best state to be a consumer loan underwriter is Maine based on consumer loan underwriter salaries and job opportunities.

Q: What is the highest paying state for consumer loan underwriters?

The highest paying state for consumer loan underwriters is Mississippi based on Zippia’s salary database.

Q: What is the worst state for consumer loan underwriters?

The worst state for consumer loan underwriters is Mississippi, due to a combination of low salaries and few job opportunities.

Quoted expert

Janet Ruiz

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Do you wonder which states in the U.S. are the best for consumer loan underwriters? If so, we have the full list of best to worst states for consumer loan underwriter jobs for you to check out and see if you think it's time to move and start anew. Not all states fare the same when it come to job opportunity and pay.In fact, our research shows that Maine is the best state for consumer loan underwriters in America. The best city in America for consumer loan underwriters with the highest pay is New York, NY.

In order to get you the best states for consumer loan underwriters, we looked at our data on jobs and wages -- specifically the average annual wage and the number of available jobs per capita.We found that Maine is the best state for consumer loan underwriter jobs, whereas Mississippi is the worst.

10 best states for consumer loan underwriters in 2025

1. Maine
Total consumer loan underwriter jobs: 87
Average annual salary: $65,736
Lowest 10 percent earn: $44,000
Highest 10 percent earn: $96,000
Location Quotient:
1.16
Consumer loan underwriter jobs in Maine
2. South Dakota
Total consumer loan underwriter jobs: 75
Average annual salary: $62,468
Lowest 10 percent earn: $44,000
Highest 10 percent earn: $87,000
Location Quotient:
1.24
Consumer loan underwriter jobs in South Dakota
3. Rhode Island
Total consumer loan underwriter jobs: 81
Average annual salary: $63,298
Lowest 10 percent earn: $42,000
Highest 10 percent earn: $94,000
Location Quotient:
1.18
Consumer loan underwriter jobs in Rhode Island
4. Wyoming
Total consumer loan underwriter jobs: 55
Average annual salary: $56,216
Lowest 10 percent earn: $40,000
Highest 10 percent earn: $78,000
Location Quotient:
1.62
Consumer loan underwriter jobs in Wyoming
5. New York
Total consumer loan underwriter jobs: 619
Average annual salary: $70,004
Lowest 10 percent earn: $46,000
Highest 10 percent earn: $105,000
Location Quotient:
0.85
Consumer loan underwriter jobs in New York
6. New Jersey
Total consumer loan underwriter jobs: 401
Average annual salary: $66,911
Lowest 10 percent earn: $44,000
Highest 10 percent earn: $101,000
Location Quotient:
0.89
Consumer loan underwriter jobs in New Jersey
7. Arkansas
Total consumer loan underwriter jobs: 123
Average annual salary: $63,780
Lowest 10 percent earn: $42,000
Highest 10 percent earn: $95,000
Location Quotient:
0.83
Consumer loan underwriter jobs in Arkansas
8. New Mexico
Total consumer loan underwriter jobs: 66
Average annual salary: $67,353
Lowest 10 percent earn: $45,000
Highest 10 percent earn: $100,000
Location Quotient:
0.59
Consumer loan underwriter jobs in New Mexico
9. Pennsylvania
Total consumer loan underwriter jobs: 571
Average annual salary: $63,124
Lowest 10 percent earn: $41,000
Highest 10 percent earn: $95,000
Location Quotient:
0.87
Consumer loan underwriter jobs in Pennsylvania
10. Michigan
Total consumer loan underwriter jobs: 477
Average annual salary: $56,905
Lowest 10 percent earn: $38,000
Highest 10 percent earn: $85,000
Location Quotient:
1.09
Consumer loan underwriter jobs in Michigan

Consumer loan underwriter jobsNear Columbus, OH

How Zippia determines the best states to be a consumer loan underwriter

You can read about how the best state rankings are calculated here.

Detailed list of the best states for a consumer loan underwriter

Rank	State	Average salary	Lowest 10% earn	Population	Job count
1	Maine	$65,736	$44,000	1,335,907	87
2	South Dakota	$62,468	$44,000	869,666	75
3	Rhode Island	$63,298	$42,000	1,059,639	81
4	Wyoming	$56,216	$40,000	579,315	55
5	New York	$70,004	$46,000	19,849,399	619
6	New Jersey	$66,911	$44,000	9,005,644	401
7	Arkansas	$63,780	$42,000	3,004,279	123
8	New Mexico	$67,353	$45,000	2,088,070	66
9	Pennsylvania	$63,124	$41,000	12,805,537	571
10	Michigan	$56,905	$38,000	9,962,311	477
11	Minnesota	$57,448	$40,000	5,576,606	416
12	Vermont	$60,679	$40,000	623,657	41
13	North Carolina	$57,884	$37,000	10,273,419	533
14	California	$61,192	$40,000	39,536,653	1,821
15	Ohio	$54,520	$36,000	11,658,609	611
16	Washington	$57,638	$42,000	7,405,743	403
17	Montana	$54,188	$40,000	1,050,493	67
18	North Dakota	$51,909	$37,000	755,393	62
19	Florida	$52,509	$32,000	20,984,400	1,148
20	Connecticut	$59,119	$39,000	3,588,184	154
21	Oregon	$55,344	$39,000	4,142,776	226
22	District of Columbia	$63,453	$41,000	693,972	54
23	Colorado	$52,753	$36,000	5,607,154	473
24	West Virginia	$55,074	$36,000	1,815,857	63
25	Iowa	$50,718	$35,000	3,145,711	237
26	Maryland	$59,662	$39,000	6,052,177	281
27	New Hampshire	$57,055	$38,000	1,342,795	48
28	Kansas	$50,480	$34,000	2,913,123	166
29	Massachusetts	$56,766	$37,000	6,859,819	292
30	Hawaii	$52,100	$39,000	1,427,538	56
31	Kentucky	$50,783	$34,000	4,454,189	180
32	Arizona	$47,873	$32,000	7,016,270	633
33	Texas	$48,694	$31,000	28,304,596	1,319
34	Oklahoma	$52,336	$35,000	3,930,864	97
35	South Carolina	$50,185	$32,000	5,024,369	226
36	Nebraska	$51,585	$36,000	1,920,076	92
37	Delaware	$49,088	$32,000	961,939	77
38	Virginia	$53,936	$35,000	8,470,020	371
39	Missouri	$49,425	$33,000	6,113,532	315
40	Illinois	$47,905	$32,000	12,802,023	761
41	Wisconsin	$48,713	$33,000	5,795,483	267
42	Utah	$43,316	$30,000	3,101,833	225
43	Georgia	$47,337	$30,000	10,429,379	547
44	Nevada	$45,342	$30,000	2,998,039	124
45	Alaska	$45,769	$37,000	739,795	43
46	Tennessee	$45,418	$30,000	6,715,984	291
47	Idaho	$46,002	$33,000	1,716,943	87
48	Louisiana	$47,513	$30,000	4,684,333	121
49	Alabama	$41,448	$26,000	4,874,747	247
50	Indiana	$43,721	$29,000	6,666,818	326
51	Mississippi	$40,620	$26,000	2,984,100	117

Highest paying states for consumer loan underwriters

Rank	State	Avg. Consumer Loan Underwriter Salary
1	Maine	$65,736
2	South Dakota	$62,468
3	Rhode Island	$63,298
4	Wyoming	$56,216
5	New York	$70,004
6	New Jersey	$66,911
7	Arkansas	$63,780
8	New Mexico	$67,353
9	Pennsylvania	$63,124
10	Michigan	$56,905
11	Minnesota	$57,448
12	Vermont	$60,679
13	North Carolina	$57,884
14	California	$61,192
15	Ohio	$54,520
16	Washington	$57,638
17	Montana	$54,188
18	North Dakota	$51,909
19	Florida	$52,509
20	Connecticut	$59,119
21	Oregon	$55,344
22	District of Columbia	$63,453
23	Colorado	$52,753
24	West Virginia	$55,074
25	Iowa	$50,718
26	Maryland	$59,662
27	New Hampshire	$57,055
28	Kansas	$50,480
29	Massachusetts	$56,766
30	Hawaii	$52,100
31	Kentucky	$50,783
32	Arizona	$47,873
33	Texas	$48,694
34	Oklahoma	$52,336
35	South Carolina	$50,185
36	Nebraska	$51,585
37	Delaware	$49,088
38	Virginia	$53,936
39	Missouri	$49,425
40	Illinois	$47,905
41	Wisconsin	$48,713
42	Utah	$43,316
43	Georgia	$47,337
44	Nevada	$45,342
45	Alaska	$45,769
46	Tennessee	$45,418
47	Idaho	$46,002
48	Louisiana	$47,513
49	Alabama	$41,448
50	Indiana	$43,721
51	Mississippi	$40,620

Expert opinions on the best states for consumer loan underwriters

Are there any particularly good places in the United States for consumer loan underwriters to find work opportunities?
Janet Ruiz
Director – Strategic Communication, Insurance Information Institute
Underwriting jobs may be found at corporate home offices, specialized field offices, or regional offices of insurance companies. Insurance broker agencies also have underwriting positions. Commercial Business and Specialty, Auto and Homeowners insurance all use underwriters.

Consumer loan underwriter best states FAQs

What is the best state for consumer loan underwriters?

What is the highest paying state for consumer loan underwriters?

What is the worst state for consumer loan underwriters?

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Consumer Loan Underwriter
Best states for Consumer Loan Underwriters

Updated January 8, 2025

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Total consumer loan underwriter jobs:	87
Average annual salary:	$65,736
Lowest 10 percent earn:	$44,000
Highest 10 percent earn:	$96,000
Location Quotient:	1.16

Best states for a consumer loan underwriter

10 best states for consumer loan underwriters in 2025

1. Maine

2. South Dakota

3. Rhode Island

4. Wyoming

5. New York

6. New Jersey

7. Arkansas

8. New Mexico

9. Pennsylvania

10. Michigan