Insurance Underwriters Salary in Richmond, VA
2024 wage data from the Bureau of Labor Statistics
Salary Overview
Insurance Underwriters is a above-average occupation in Richmond, VA, with a median annual salary of $77,930. Insurance Underwriterss in Richmond, VA earn $1,950 less (2%) than the national median of $79,880. Experienced Insurance Underwriterss can expect to roughly double their starting salary over their career.
Insurance Underwriterss in Richmond, VA earn $1,950 less (2%) than the national median of $79,880.
The average salary ($90,080) 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.
Only 970 Insurance Underwriterss work in Richmond, VA. Consider nearby metro areas for more opportunities.
Cost of Living Consideration
When evaluating this salary, factor in Richmond, VA'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 | $60,900 | $5,075 |
| 25th Percentile | $64,430 | $5,369 |
| Median | $77,930 | $6,494 |
| 75th Percentile | $102,750 | $8,563 |
| 90th Percentile | $131,430 | $10,953 |
| Mean (Average) | $90,080 | $7,507 |
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 Richmond, VA
| Occupation | Median Salary |
|---|---|
| Family Medicine Physicians | $201,570 |
| Financial Managers | $166,800 |
| Architectural and Engineering Managers | $159,990 |
| Managers, All Other | $140,540 |
| Lawyers | $132,860 |
| Software Developers | $130,760 |
| Computer Network Architects | $129,180 |
| Database Administrators | $128,070 |
| Medical and Health Services Managers | $125,780 |
| Computer Hardware Engineers | $125,350 |
Related Data Insights
The cost of living in Richmond, VA is 2.1% below the national average (index: 97.9). See full cost breakdown →
After adjusting for local cost of living, the purchasing power of Richmond, VA salaries is equivalent to $83,152 in an average-cost US city.