Insurance Underwriters Salary in Minneapolis, MN-WI
2024 wage data from the Bureau of Labor Statistics
Salary Overview
Insurance Underwriters is a above-average occupation in Minneapolis, MN-WI, with a median annual salary of $79,950. Insurance Underwriterss in Minneapolis, MN-WI earn $70 more (0%) than the national median of $79,880. Experienced Insurance Underwriterss can expect to roughly double their starting salary over their career.
Insurance Underwriterss in Minneapolis, MN-WI earn $70 more (0%) than the national median of $79,880.
The average salary ($92,770) is notably higher than the median — this means top earners pull the average up. A small number of highly paid Insurance Underwriterss skew the data.
About 1,970 Insurance Underwriterss work in Minneapolis, MN-WI, indicating a healthy local job market.
Cost of Living Consideration
When evaluating this salary, factor in Minneapolis, MN-WI's cost of living. Housing, transportation, and taxes vary significantly between cities and can impact how far your paycheck goes.
Salary Distribution
| Percentile | Annual Salary | Monthly |
|---|---|---|
| 10th Percentile | $61,140 | $5,095 |
| 25th Percentile | $67,360 | $5,613 |
| Median | $79,950 | $6,663 |
| 75th Percentile | $108,800 | $9,067 |
| 90th Percentile | $134,510 | $11,209 |
| Mean (Average) | $92,770 | $7,731 |
Insurance Underwriters Salary in Other Cities
| Metro Area | Median Salary |
|---|---|
| Denver-Aurora-Lakewood, CO | $106,380 |
| Boston-Cambridge-Nashua, MA-NH | $103,270 |
| Chicago-Naperville-Elgin, IL-IN-WI | $98,860 |
| Seattle-Tacoma-Bellevue, WA | $98,500 |
| Hartford-East Hartford-Middletown, CT | $98,400 |
| Las Vegas-Henderson-Paradise, NV | $98,280 |
| San Francisco-Oakland-Berkeley, CA | $94,210 |
| Los Angeles-Long Beach-Anaheim, CA | $93,760 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | $93,240 |
| Baltimore-Columbia-Towson, MD | $89,990 |
Highest Paying Jobs in Minneapolis, MN-WI
| Occupation | Median Salary |
|---|---|
| Computer and Information Systems Managers | $173,630 |
| Architectural and Engineering Managers | $170,970 |
| Marketing Managers | $169,760 |
| Financial Managers | $163,330 |
| Managers, All Other | $161,320 |
| Lawyers | $150,110 |
| Natural Sciences Managers | $134,900 |
| Database Administrators | $132,880 |
| Computer Hardware Engineers | $130,530 |
| Software Developers | $129,430 |
Related Data Insights
The cost of living in Minneapolis, MN is 4.8% above the national average (index: 104.8). See full cost breakdown →
After adjusting for local cost of living, the purchasing power of Minneapolis, MN salaries is equivalent to $84,189 in an average-cost US city.