Insurance Underwriter Salary in Cambridge, Massachusetts
The median insurance underwriter salary in Cambridge, MA is $130,026 per year, which is 67.0% above the national median and 17.6% above the Massachusetts state average.
Insurance Underwriter Pay in Cambridge: What to Expect (2026)
Cambridge offers a median insurance underwriter salary of $130,026, which is $19,465 above the Massachusetts state average of $110,561. Compared to the national median of $77,860, Cambridge pays above average for this role.
However, Cambridge's cost of living index is 160%, significantly above the national average. After adjusting for local costs, the $130,026 salary has an effective purchasing power of approximately $81,266. Housing, transportation, and food costs in Cambridge should be factored into any relocation or job-change decision.
The salary range for insurance underwriters in Cambridge spans from $81,162 at the 10th percentile to $211,088 at the 90th percentile — a $129,926 spread. Entry-level professionals start around $83,500, while senior insurance underwriters with 8+ years of experience can earn up to $192,050. With a population of 118,403, Cambridge is a mid-sized metro with a growing job market.
Insurance Underwriter Salary in Cambridge by Experience
In Cambridge, an entry-level insurance underwriter earns around $83,500, while experienced professionals earn up to $192,050 per year. The local cost of living index is 160% of the national average.
Salary Percentiles in Cambridge, MA
| Percentile | Cambridge |
|---|---|
| 10th Percentile | $81,162 |
| 25th Percentile | $102,204 |
| Median (50th) | $130,026 |
| 75th Percentile | $167,000 |
| 90th Percentile | $211,088 |
Insurance Underwriter Salary in Other Massachusetts Cities
How to Become a Insurance Underwriter in Cambridge
Education
Most insurance underwriter positions require a bachelor's degree. Cambridge 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 Cambridge may vary based on local industry and population growth.
Find Insurance Underwriter Jobs in Cambridge
Browse open insurance underwriter positions in Cambridge, MA: