Business & Finance Cambridge, MA Pop. 118,403

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.

City Median
$130,026
vs State Avg
+$19,465
vs National
+$52,166
Cost of Living
160%

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.

Entry Level (0-2 yrs)
$83,500
+$33,500 vs national
Mid Level (3-7 yrs)
$130,260
+$52,260 vs national
Senior Level (8+ yrs)
$192,050
+$77,050 vs national

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

Boston, MA
$123,797
Pop. 675,647
Worcester, MA
$91,096
Pop. 206,518
Lowell, MA
$87,203
Pop. 115,554
Springfield, MA
$81,753
Pop. 155,929

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

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 Cambridge may vary based on local industry and population growth.

Find Insurance Underwriter Jobs in Cambridge

Browse open insurance underwriter positions in Cambridge, MA:

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Frequently Asked Questions: Insurance Underwriter Salary in Cambridge

How much does a Insurance Underwriter make in Cambridge, MA? ▼
The median insurance underwriter salary in Cambridge, Massachusetts is $130,026 per year, which is 67.0% above the national median of $77,860. Salaries range from $81,162 (10th percentile) to $211,088 (90th percentile).
How much does a Insurance Underwriter make per hour in Cambridge? ▼
Based on the median annual salary of $130,026, a insurance underwriter in Cambridge earns approximately $63 per hour assuming a standard 2,080-hour work year.
How does Cambridge compare to the Massachusetts state average for insurance underwriter pay? ▼
Cambridge's median insurance underwriter salary of $130,026 is 17.6% above the Massachusetts state average of $110,561. The local cost of living index is 160% of the national average.
What is the cost of living in Cambridge, MA? ▼
Cambridge has a cost of living index of 160% compared to the national average. This means a insurance underwriter salary of $130,026 in Cambridge has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Cambridge? ▼
Most insurance underwriter positions in Cambridge require a bachelor's degree. Key skills include Risk Assessment, Analytical Skills, Insurance Regulations, Underwriting Software. The job market is projected to grow -2% nationally over the next decade.