Business & Finance Lowell, MA Pop. 115,554

Insurance Underwriter Salary in Lowell, Massachusetts

The median insurance underwriter salary in Lowell, MA is $87,203 per year, which is 12.0% above the national median and 21.1% below the Massachusetts state average.

City Median
$87,203
vs State Avg
$-23,358
vs National
+$9,343
Cost of Living
105%

Insurance Underwriter Pay in Lowell: What to Expect (2026)

Lowell offers a median insurance underwriter salary of $87,203, which is $23,358 below the Massachusetts state average of $110,561. Compared to the national median of $77,860, Lowell pays above average for this role.

Lowell's cost of living is 105% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.

The salary range for insurance underwriters in Lowell spans from $54,432 at the 10th percentile to $141,568 at the 90th percentile — a $87,136 spread. Entry-level professionals start around $56,000, while senior insurance underwriters with 8+ years of experience can earn up to $128,800. With a population of 115,554, Lowell is a mid-sized metro with a growing job market.

Insurance Underwriter Salary in Lowell by Experience

In Lowell, an entry-level insurance underwriter earns around $56,000, while experienced professionals earn up to $128,800 per year. The local cost of living index is 105% of the national average.

Entry Level (0-2 yrs)
$56,000
+$6,000 vs national
Mid Level (3-7 yrs)
$87,360
+$9,360 vs national
Senior Level (8+ yrs)
$128,800
+$13,800 vs national

Salary Percentiles in Lowell, MA

Percentile Lowell
10th Percentile $54,432
25th Percentile $68,544
Median (50th) $87,203
75th Percentile $112,000
90th Percentile $141,568

Insurance Underwriter Salary in Other Massachusetts Cities

Cambridge, MA
$130,026
Pop. 118,403
Boston, MA
$123,797
Pop. 675,647
Worcester, MA
$91,096
Pop. 206,518
Springfield, MA
$81,753
Pop. 155,929

How to Become a Insurance Underwriter in Lowell

Education

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

Find Insurance Underwriter Jobs in Lowell

Browse open insurance underwriter positions in Lowell, MA:

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Frequently Asked Questions: Insurance Underwriter Salary in Lowell

How much does a Insurance Underwriter make in Lowell, MA? ▼
The median insurance underwriter salary in Lowell, Massachusetts is $87,203 per year, which is 12.0% above the national median of $77,860. Salaries range from $54,432 (10th percentile) to $141,568 (90th percentile).
How much does a Insurance Underwriter make per hour in Lowell? ▼
Based on the median annual salary of $87,203, a insurance underwriter in Lowell earns approximately $42 per hour assuming a standard 2,080-hour work year.
How does Lowell compare to the Massachusetts state average for insurance underwriter pay? ▼
Lowell's median insurance underwriter salary of $87,203 is 21.1% below the Massachusetts state average of $110,561. The local cost of living index is 105% of the national average.
What is the cost of living in Lowell, MA? ▼
Lowell has a cost of living index of 105% compared to the national average. This means a insurance underwriter salary of $87,203 in Lowell has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Lowell? ▼
Most insurance underwriter positions in Lowell 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.