The average salary for a underwriter in the United States is around $56,858 per year.
Avg Salary
Underwriters earn an average yearly salary of $56,858.
Wages typically start from $35,403 and go up to $91,315.
8% below national average Updated in 2023
Underwriter earnings by seniority
90th percentile
Top-level underwriter earnings begin at:
$43.90 per hour
$91,315 per year
75th percentile
Senior-level underwriter earnings begin at:
$35.08 per hour
$72,959 per year
50th percentile
Mid-level underwriter earnings begin at:
$27.34 per hour
$56,858 per year
25th percentile
Junior-level underwriter earnings begin at:
$21.30 per hour
$44,310 per year
10th percentile
Starting level underwriter earnings begin at:
$17.02 per hour
$35,403 per year
Approximate values based on highest and lowest earning segments.
Underwriter salary by state
| State Name | Average Salary |
|---|---|
| District of Columbia | $98,760 |
| New York | $97,070 |
| Massachusetts | $96,780 |
| Connecticut | $81,410 |
| Washington | $80,960 |
| California | $80,820 |
| Oregon | $80,160 |
| New Jersey | $80,070 |
| Nevada | $78,680 |
| Colorado | $78,160 |
| Rhode Island | $78,060 |
| New Hampshire | $77,740 |
| Wisconsin | $77,450 |
| Maryland | $77,370 |
| Ohio | $77,050 |
| Pennsylvania | $77,030 |
| Maine | $76,840 |
| Georgia | $76,710 |
| Indiana | $76,060 |
| South Dakota | $76,060 |
| Kansas | $75,370 |
| North Carolina | $73,430 |
| Arizona | $72,640 |
| Arkansas | $72,170 |
| Oklahoma | $70,250 |
| Texas | $69,610 |
| Minnesota | $67,270 |
| Alaska | $63,960 |
| Vermont | $63,960 |
| Utah | $63,850 |
| Nebraska | $63,300 |
| Florida | $63,290 |
| Michigan | $63,240 |
| Tennessee | $62,390 |
| Iowa | $62,320 |
| Alabama | $62,020 |
| Virginia | $62,020 |
| Hawaii | $61,340 |
| New Mexico | $61,320 |
| North Dakota | $60,550 |
| Illinois | $60,490 |
| South Carolina | $60,490 |
| Mississippi | $60,380 |
| Missouri | $60,310 |
| Kentucky | $59,130 |
| Louisiana | $57,660 |
| Idaho | $49,490 |
| Wyoming | $49,150 |
| Montana | $48,630 |
| Puerto Rico | $46,710 |
| West Virginia | $38,770 |
| Guam | $30,780 |
| Delaware | $103,670 |
How do underwriter salaries compare to similar careers?
Underwriters earn about the same as related careers in the United States. On average, they make less than loan officers but more than financial advisors.
| Career | Median Salary |
|---|---|
| Loan officer salary | $62K |
| Budget analyst salary | $67K |
| Cost estimator salary | $62K |
| Fundraiser salary | $61K |
| Insurance appraiser salary | $61K |
| Underwriter salary | $57K |
| Fraud analyst salary | $54K |
| Accountant salary | $56K |
| Auditor salary | $54K |
| Financial advisor salary | $49K |
Source: CareerExplorer (Aggregated)