Business & Finance Lafayette, LA Pop. 121,374

Insurance Underwriter Salary in Lafayette, Louisiana

The median insurance underwriter salary in Lafayette, LA is $68,517 per year, which is 12% below the national median and 3.3% below the Louisiana state average.

City Median
$68,517
vs State Avg
$-2,336
vs National
$-9,343
Cost of Living
88%

Insurance Underwriter Pay in Lafayette: What to Expect (2026)

Lafayette offers a median insurance underwriter salary of $68,517, which is $2,336 below the Louisiana state average of $70,853. Compared to the national median of $77,860, Lafayette pays below the national benchmark for this role.

One of Lafayette's biggest advantages is its low cost of living at 88% of the national average. This means the $68,517 salary stretches further here — equivalent to roughly $77,860 in an average-cost city. This makes Lafayette an attractive option for insurance underwriters seeking strong real-dollar compensation.

The salary range for insurance underwriters in Lafayette spans from $42,768 at the 10th percentile to $111,232 at the 90th percentile — a $68,464 spread. Entry-level professionals start around $44,000, while senior insurance underwriters with 8+ years of experience can earn up to $101,200. With a population of 121,374, Lafayette is a mid-sized metro with a growing job market.

Insurance Underwriter Salary in Lafayette by Experience

In Lafayette, an entry-level insurance underwriter earns around $44,000, while experienced professionals earn up to $101,200 per year. The local cost of living index is 88% of the national average.

Entry Level (0-2 yrs)
$44,000
$-6,000 vs national
Mid Level (3-7 yrs)
$68,640
$-9,360 vs national
Senior Level (8+ yrs)
$101,200
$-13,800 vs national

Salary Percentiles in Lafayette, LA

Percentile Lafayette
10th Percentile $42,768
25th Percentile $53,856
Median (50th) $68,517
75th Percentile $88,000
90th Percentile $111,232

Insurance Underwriter Salary in Other Louisiana Cities

New Orleans, LA
$76,303
Pop. 383,997
Baton Rouge, LA
$71,631
Pop. 227,470
Lake Charles, LA
$66,960
Pop. 80,000
Shreveport, LA
$66,181
Pop. 187,593

How to Become a Insurance Underwriter in Lafayette

Education

Most insurance underwriter positions require a bachelor's degree. Lafayette and the surrounding Louisiana area have institutions offering relevant programs.

Key Skills

Risk AssessmentAnalytical SkillsInsurance RegulationsUnderwriting SoftwareDecision-MakingAttention to Detail

Job Outlook

Nationally, insurance underwriter employment is projected to grow -2% over the next decade (decline). Demand in Lafayette may vary based on local industry and population growth.

Find Insurance Underwriter Jobs in Lafayette

Browse open insurance underwriter positions in Lafayette, LA:

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Frequently Asked Questions: Insurance Underwriter Salary in Lafayette

How much does a Insurance Underwriter make in Lafayette, LA? ▼
The median insurance underwriter salary in Lafayette, Louisiana is $68,517 per year, which is 12% below the national median of $77,860. Salaries range from $42,768 (10th percentile) to $111,232 (90th percentile).
How much does a Insurance Underwriter make per hour in Lafayette? ▼
Based on the median annual salary of $68,517, a insurance underwriter in Lafayette earns approximately $33 per hour assuming a standard 2,080-hour work year.
How does Lafayette compare to the Louisiana state average for insurance underwriter pay? ▼
Lafayette's median insurance underwriter salary of $68,517 is 3.3% below the Louisiana state average of $70,853. The local cost of living index is 88% of the national average.
What is the cost of living in Lafayette, LA? ▼
Lafayette has a cost of living index of 88% compared to the national average. This means a insurance underwriter salary of $68,517 in Lafayette has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Lafayette? ▼
Most insurance underwriter positions in Lafayette require a bachelor's degree. Key skills include Risk Assessment, Analytical Skills, Insurance Regulations, Underwriting Software. The job market is projected to grow -2% nationally over the next decade.