Business & Finance Springfield, MA Pop. 155,929

Insurance Underwriter Salary in Springfield, Massachusetts

The median insurance underwriter salary in Springfield, MA is $81,753 per year, which is 5.0% above the national median and 26.1% below the Massachusetts state average.

City Median
$81,753
vs State Avg
$-28,808
vs National
+$3,893
Cost of Living
98%

Insurance Underwriter Salary in Springfield by Experience

In Springfield, an entry-level insurance underwriter earns around $52,500, while experienced professionals earn up to $120,750 per year. The local cost of living index is 98% of the national average.

Entry Level (0-2 yrs)
$52,500
+$2,500 vs national
Mid Level (3-7 yrs)
$81,900
+$3,900 vs national
Senior Level (8+ yrs)
$120,750
+$5,750 vs national

Salary Percentiles in Springfield, MA

Percentile Springfield
10th Percentile $51,030
25th Percentile $64,260
Median (50th) $81,753
75th Percentile $105,000
90th Percentile $132,720

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
Lowell, MA
$87,203
Pop. 115,554

How to Become a Insurance Underwriter in Springfield

Education

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

Find Insurance Underwriter Jobs in Springfield

Browse open insurance underwriter positions in Springfield, MA:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Insurance Underwriter Salary in Springfield

How much does a Insurance Underwriter make in Springfield, MA? ▼
The median insurance underwriter salary in Springfield, Massachusetts is $81,753 per year, which is 5.0% above the national median of $77,860. Salaries range from $51,030 (10th percentile) to $132,720 (90th percentile).
How much does a Insurance Underwriter make per hour in Springfield? ▼
Based on the median annual salary of $81,753, a insurance underwriter in Springfield earns approximately $39 per hour assuming a standard 2,080-hour work year.
How does Springfield compare to the Massachusetts state average for insurance underwriter pay? ▼
Springfield's median insurance underwriter salary of $81,753 is 26.1% below the Massachusetts state average of $110,561. The local cost of living index is 98% of the national average.
What is the cost of living in Springfield, MA? ▼
Springfield has a cost of living index of 98% compared to the national average. This means a insurance underwriter salary of $81,753 in Springfield has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Springfield? ▼
Most insurance underwriter positions in Springfield 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.