Business & Finance Worcester, MA Pop. 206,518

Insurance Underwriter Salary in Worcester, Massachusetts

The median insurance underwriter salary in Worcester, MA is $91,096 per year, which is 17.0% above the national median and 17.6% below the Massachusetts state average.

City Median
$91,096
vs State Avg
$-19,465
vs National
+$13,236
Cost of Living
110%

Insurance Underwriter Salary in Worcester by Experience

In Worcester, an entry-level insurance underwriter earns around $58,500, while experienced professionals earn up to $134,550 per year. The local cost of living index is 110% of the national average.

Entry Level (0-2 yrs)
$58,500
+$8,500 vs national
Mid Level (3-7 yrs)
$91,260
+$13,260 vs national
Senior Level (8+ yrs)
$134,550
+$19,550 vs national

Salary Percentiles in Worcester, MA

Percentile Worcester
10th Percentile $56,862
25th Percentile $71,604
Median (50th) $91,096
75th Percentile $117,000
90th Percentile $147,888

Insurance Underwriter Salary in Other Massachusetts Cities

Cambridge, MA
$130,026
Pop. 118,403
Boston, MA
$123,797
Pop. 675,647
Lowell, MA
$87,203
Pop. 115,554
Springfield, MA
$81,753
Pop. 155,929

How to Become a Insurance Underwriter in Worcester

Education

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

Find Insurance Underwriter Jobs in Worcester

Browse open insurance underwriter positions in Worcester, MA:

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Frequently Asked Questions: Insurance Underwriter Salary in Worcester

How much does a Insurance Underwriter make in Worcester, MA? ▼
The median insurance underwriter salary in Worcester, Massachusetts is $91,096 per year, which is 17.0% above the national median of $77,860. Salaries range from $56,862 (10th percentile) to $147,888 (90th percentile).
How much does a Insurance Underwriter make per hour in Worcester? ▼
Based on the median annual salary of $91,096, a insurance underwriter in Worcester earns approximately $44 per hour assuming a standard 2,080-hour work year.
How does Worcester compare to the Massachusetts state average for insurance underwriter pay? ▼
Worcester's median insurance underwriter salary of $91,096 is 17.6% below the Massachusetts state average of $110,561. The local cost of living index is 110% of the national average.
What is the cost of living in Worcester, MA? ▼
Worcester has a cost of living index of 110% compared to the national average. This means a insurance underwriter salary of $91,096 in Worcester has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Worcester? ▼
Most insurance underwriter positions in Worcester 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.