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How Much Does an Underwriter Earn In The United States?

Underwriter Salaries
Updated April 6, 2021
Average Yearly Salary
$68,000
$46,000
$68,000
$100,000
Underwriters in the United States make an average salary of $68,217 per year or $32.8 per hour. People on the lower end of that spectrum, the bottom 10% to be exact, make roughly $46,000 a year, while the top 10% makes $100,000. As most things go, location can be critical. Massachusetts, New York, California, Oklahoma, and Kansas provide the highest underwriter salaries.
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Where Underwriters Earn The Most

The darker areas on the map show where underwriters earn the highest salaries across all 50 states.

Average Salary

How Much Do Underwriters Earn In Different Cities?

While an underwriter can average a salary of $68,217 per year, or $32.8 per hour, there are many opportunities for underwriters to make more. For example, in San Francisco, CA you might make $82,315 per year. Other high-paying locations include Boston, MA, Hicksville, NY and Philadelphia, PA. If you're in an entry-level position, your best bet is to move to San Francisco, CA where the average starting salary is $49,000. The highest paying states for underwriters include Massachusetts, New York and California. Meanwhile, Utah, Arkansas, and Mississippi offer the lowest salaries.
Location
1. San Francisco, CA
$82,315
Avg. Salary
$44k
$107k
2. Boston, MA
$82,177
Avg. Salary
$44k
$107k
3. Hicksville, NY
$80,516
Avg. Salary
$44k
$107k
4. Philadelphia, PA
$75,414
Avg. Salary
$44k
$107k
5. Detroit, MI
$74,941
Avg. Salary
$44k
$107k
6. Silver Spring, MD
$74,255
Avg. Salary
$44k
$107k

High Paying Underwriter Jobs

Which Companies Pay Underwriters The Most?

If you want to get paid the most as an underwriter, being employed by a company such as WESTPORT or National Union Fire Insurance Company of Pittsburgh, Pa. would be a smart choice, as they are the highest paying companies in this field. Additionally, companies like Navigators and Distinguished Programs Group also report highly competitive salaries for underwriters.
Company

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Underwriter Salary History

Compare salaries for individual cities or states with the national average.

Location

    How Experience Affects Underwriter Salaries

    The salary for an underwriter can vary depending on the years of experience that a person has, from entry level to senior level. Data on how experience level affects total compensation is provided by the Bureau of Labor Statistics (BLS) as part of their National Compensation Survey, which is based on factors such as knowledge, complexity, contacts, and environment.

    Recently Added Underwriter Salaries

    Location
    CompanyascdescJobascdescLocationascdescDate AddedascdescSalaryascdesc
    Ace Employment Services, Inc.
    Ace Employment Services, Inc.
    Remote Underwriter
    Remote Underwriter
    Remote Underwriter
    Stoughton, MA
    Stoughton, MA
    01/31/2021
    01/31/2021
    $80,000
    $80,000
    01/31/2021
    Hirelevel.
    Hirelevel.
    Underwriter
    Underwriter
    Underwriter
    Saint Louis, MO
    Saint Louis, MO
    01/31/2021
    01/31/2021
    $60,000
    $60,000
    01/31/2021
    Direct Lending Equity Underwriter 3-Telecommute
    Direct Lending Equity Underwriter 3-Telecommute
    Hopkins, MN
    Hopkins, MN
    01/29/2021
    01/29/2021
    $55,681
    $55,681
    01/29/2021
    Underwriter
    Underwriter
    Missoula, MT
    Missoula, MT
    01/29/2021
    01/29/2021
    $40,000
    $40,000
    01/29/2021
    Direct Lending Equity Underwriter 3-Telecommute
    Direct Lending Equity Underwriter 3-Telecommute
    Boone, CO
    Boone, CO
    01/29/2021
    01/29/2021
    $55,681
    $55,681
    01/29/2021
    Partner Colorado Credit Union
    Partner Colorado Credit Union
    Underwriter
    Underwriter
    Underwriter
    Arvada, CO
    Arvada, CO
    01/28/2021
    01/28/2021
    $37,232
    $37,232
    01/28/2021
    Remote Jumbo Underwriter
    Remote Jumbo Underwriter
    Charlotte, NC
    Charlotte, NC
    01/28/2021
    01/28/2021
    $110,000
    $110,000
    01/28/2021
    First Western Trust Bank
    First Western Trust Bank
    Mortgage Loan Underwriter III
    Mortgage Loan Underwriter III
    Mortgage Loan Underwriter III
    Denver, CO
    Denver, CO
    01/28/2021
    01/28/2021
    $95,313
    $95,313
    01/28/2021
    Mortgage Loan Underwriter 4
    Mortgage Loan Underwriter 4
    Englewood, CO
    Englewood, CO
    01/27/2021
    01/27/2021
    $63,900
    $63,900
    01/27/2021
    Mortgage Loan Underwriter 3
    Mortgage Loan Underwriter 3
    San Antonio, TX
    San Antonio, TX
    01/27/2021
    01/27/2021
    $56,800
    $56,800
    01/27/2021