Insurance Underwriter Salary in Fairbanks, Alaska
The median insurance underwriter salary in Fairbanks, AK is $101,218 per year, which is 30.0% above the national median and 4.8% above the Alaska state average.
Insurance Underwriter Pay in Fairbanks: What to Expect (2026)
Fairbanks offers a median insurance underwriter salary of $101,218, which is $4,672 above the Alaska state average of $96,546. Compared to the national median of $77,860, Fairbanks pays above average for this role.
However, Fairbanks's cost of living index is 130%, significantly above the national average. After adjusting for local costs, the $101,218 salary has an effective purchasing power of approximately $77,860. Housing, transportation, and food costs in Fairbanks should be factored into any relocation or job-change decision.
The salary range for insurance underwriters in Fairbanks spans from $63,180 at the 10th percentile to $164,320 at the 90th percentile — a $101,140 spread. Entry-level professionals start around $65,000, while senior insurance underwriters with 8+ years of experience can earn up to $149,500. Fairbanks is a smaller market (pop. 32,325), which may mean fewer openings but also less competition for available positions.
Insurance Underwriter Salary in Fairbanks by Experience
In Fairbanks, an entry-level insurance underwriter earns around $65,000, while experienced professionals earn up to $149,500 per year. The local cost of living index is 130% of the national average.
Salary Percentiles in Fairbanks, AK
| Percentile | Fairbanks |
|---|---|
| 10th Percentile | $63,180 |
| 25th Percentile | $79,560 |
| Median (50th) | $101,218 |
| 75th Percentile | $130,000 |
| 90th Percentile | $164,320 |
Insurance Underwriter Salary in Other Alaska Cities
How to Become a Insurance Underwriter in Fairbanks
Education
Most insurance underwriter positions require a bachelor's degree. Fairbanks and the surrounding Alaska area have institutions offering relevant programs.
Key Skills
Job Outlook
Nationally, insurance underwriter employment is projected to grow -2% over the next decade (decline). Demand in Fairbanks may vary based on local industry and population growth.
Find Insurance Underwriter Jobs in Fairbanks
Browse open insurance underwriter positions in Fairbanks, AK: