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 Pay in Silver Spring: What to Expect (2026)
Silver Spring offers a median insurance underwriter salary of $98,882, which is $9,343 above the Maryland state average of $89,539. Compared to the national median of $77,860, Silver Spring pays above average for this role.
However, Silver Spring's cost of living index is 122%, significantly above the national average. After adjusting for local costs, the $98,882 salary has an effective purchasing power of approximately $81,051. Housing, transportation, and food costs in Silver Spring should be factored into any relocation or job-change decision.
The salary range for insurance underwriters in Silver Spring spans from $61,722 at the 10th percentile to $160,528 at the 90th percentile — a $98,806 spread. Entry-level professionals start around $63,500, while senior insurance underwriters with 8+ years of experience can earn up to $146,050. Silver Spring is a smaller market (pop. 81,015), which may mean fewer openings but also less competition for available positions.
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.
Find Insurance Underwriter Jobs in Silver Spring
Browse open insurance underwriter positions in Silver Spring, MD: