Business & Finance Ann Arbor, MI Pop. 123,851

Insurance Underwriter Salary in Ann Arbor, Michigan

The median insurance underwriter salary in Ann Arbor, MI is $81,753 per year, which is 5.0% above the national median and 16.7% above the Michigan state average.

City Median
$81,753
vs State Avg
+$11,679
vs National
+$3,893
Cost of Living
105%

Insurance Underwriter Salary in Ann Arbor by Experience

In Ann Arbor, 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 105% 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 Ann Arbor, MI

Percentile Ann Arbor
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 Michigan Cities

Grand Rapids, MI
$70,074
Pop. 198,917
Detroit, MI
$68,517
Pop. 639,111
Warren, MI
$68,517
Pop. 139,387
Lansing, MI
$66,960
Pop. 112,644

How to Become a Insurance Underwriter in Ann Arbor

Education

Most insurance underwriter positions require a bachelor's degree. Ann Arbor and the surrounding Michigan 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 Ann Arbor may vary based on local industry and population growth.

Find Insurance Underwriter Jobs in Ann Arbor

Browse open insurance underwriter positions in Ann Arbor, MI:

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Frequently Asked Questions: Insurance Underwriter Salary in Ann Arbor

How much does a Insurance Underwriter make in Ann Arbor, MI? ▼
The median insurance underwriter salary in Ann Arbor, Michigan 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 Ann Arbor? ▼
Based on the median annual salary of $81,753, a insurance underwriter in Ann Arbor earns approximately $39 per hour assuming a standard 2,080-hour work year.
How does Ann Arbor compare to the Michigan state average for insurance underwriter pay? ▼
Ann Arbor's median insurance underwriter salary of $81,753 is 16.7% above the Michigan state average of $70,074. The local cost of living index is 105% of the national average.
What is the cost of living in Ann Arbor, MI? ▼
Ann Arbor has a cost of living index of 105% compared to the national average. This means a insurance underwriter salary of $81,753 in Ann Arbor has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Ann Arbor? ▼
Most insurance underwriter positions in Ann Arbor 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.