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
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.