Business & Finance Boston, MA Pop. 675,647

Insurance Underwriter Salary in Boston, Massachusetts

The median insurance underwriter salary in Boston, MA is $123,797 per year, which is 59.0% above the national median and 12.0% above the Massachusetts state average.

City Median
$123,797
vs State Avg
+$13,236
vs National
+$45,937
Cost of Living
152%

Insurance Underwriter Salary in Boston by Experience

In Boston, an entry-level insurance underwriter earns around $79,500, while experienced professionals earn up to $182,850 per year. The local cost of living index is 152% of the national average.

Entry Level (0-2 yrs)
$79,500
+$29,500 vs national
Mid Level (3-7 yrs)
$124,020
+$46,020 vs national
Senior Level (8+ yrs)
$182,850
+$67,850 vs national

Salary Percentiles in Boston, MA

Percentile Boston
10th Percentile $77,274
25th Percentile $97,308
Median (50th) $123,797
75th Percentile $159,000
90th Percentile $200,976

Insurance Underwriter Salary in Other Massachusetts Cities

How to Become a Insurance Underwriter in Boston

Education

Most insurance underwriter positions require a bachelor's degree. Boston and the surrounding Massachusetts 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 Boston may vary based on local industry and population growth.