Insurance Underwriter Salary in Silver Spring, Maryland
The median insurance underwriter salary in Silver Spring, MD is $98,882 per year, which is 27.0% above the national median and 10.4% above the Maryland state average.
Insurance Underwriter Salary in Silver Spring by Experience
In Silver Spring, an entry-level insurance underwriter earns around $63,500, while experienced professionals earn up to $146,050 per year. The local cost of living index is 122% of the national average.
Salary Percentiles in Silver Spring, MD
| Percentile | Silver Spring |
|---|---|
| 10th Percentile | $61,722 |
| 25th Percentile | $77,724 |
| Median (50th) | $98,882 |
| 75th Percentile | $127,000 |
| 90th Percentile | $160,528 |
Insurance Underwriter Salary in Other Maryland Cities
How to Become a Insurance Underwriter in Silver Spring
Education
Most insurance underwriter positions require a bachelor's degree. Silver Spring and the surrounding Maryland 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 Silver Spring may vary based on local industry and population growth.