Business & Finance Detroit, MI Pop. 639,111

Insurance Underwriter Salary in Detroit, Michigan

The median insurance underwriter salary in Detroit, MI is $68,517 per year, which is 12% below the national median and 2.2% below the Michigan state average.

City Median
$68,517
vs State Avg
$-1,557
vs National
$-9,343
Cost of Living
88%

Insurance Underwriter Salary in Detroit by Experience

In Detroit, an entry-level insurance underwriter earns around $44,000, while experienced professionals earn up to $101,200 per year. The local cost of living index is 88% of the national average.

Entry Level (0-2 yrs)
$44,000
$-6,000 vs national
Mid Level (3-7 yrs)
$68,640
$-9,360 vs national
Senior Level (8+ yrs)
$101,200
$-13,800 vs national

Salary Percentiles in Detroit, MI

Percentile Detroit
10th Percentile $42,768
25th Percentile $53,856
Median (50th) $68,517
75th Percentile $88,000
90th Percentile $111,232

Insurance Underwriter Salary in Other Michigan Cities

Ann Arbor, MI
$81,753
Pop. 123,851
Grand Rapids, MI
$70,074
Pop. 198,917
Warren, MI
$68,517
Pop. 139,387
Lansing, MI
$66,960
Pop. 112,644

How to Become a Insurance Underwriter in Detroit

Education

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

Find Insurance Underwriter Jobs in Detroit

Browse open insurance underwriter positions in Detroit, MI:

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Frequently Asked Questions: Insurance Underwriter Salary in Detroit

How much does a Insurance Underwriter make in Detroit, MI? ▼
The median insurance underwriter salary in Detroit, Michigan is $68,517 per year, which is 12% below the national median of $77,860. Salaries range from $42,768 (10th percentile) to $111,232 (90th percentile).
How much does a Insurance Underwriter make per hour in Detroit? ▼
Based on the median annual salary of $68,517, a insurance underwriter in Detroit earns approximately $33 per hour assuming a standard 2,080-hour work year.
How does Detroit compare to the Michigan state average for insurance underwriter pay? ▼
Detroit's median insurance underwriter salary of $68,517 is 2.2% below the Michigan state average of $70,074. The local cost of living index is 88% of the national average.
What is the cost of living in Detroit, MI? ▼
Detroit has a cost of living index of 88% compared to the national average. This means a insurance underwriter salary of $68,517 in Detroit has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Detroit? ▼
Most insurance underwriter positions in Detroit 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.