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.
Insurance Underwriter Pay in Boston: What to Expect (2026)
Boston offers a median insurance underwriter salary of $123,797, which is $13,236 above the Massachusetts state average of $110,561. Compared to the national median of $77,860, Boston pays above average for this role.
However, Boston's cost of living index is 152%, significantly above the national average. After adjusting for local costs, the $123,797 salary has an effective purchasing power of approximately $81,445. Housing, transportation, and food costs in Boston should be factored into any relocation or job-change decision.
The salary range for insurance underwriters in Boston spans from $77,274 at the 10th percentile to $200,976 at the 90th percentile — a $123,702 spread. Entry-level professionals start around $79,500, while senior insurance underwriters with 8+ years of experience can earn up to $182,850. As a major metro area with a population of 675,647, Boston typically offers more job opportunities and employer competition, which can drive salaries higher.
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.
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
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.
Find Insurance Underwriter Jobs in Boston
Browse open insurance underwriter positions in Boston, MA: