Business & Finance Grand Rapids, MI Pop. 198,917

Insurance Underwriter Salary in Grand Rapids, Michigan

The median insurance underwriter salary in Grand Rapids, MI is $70,074 per year, which is 10% below the national median and 0.0% above the Michigan state average.

City Median
$70,074
vs State Avg
+$0
vs National
$-7,786
Cost of Living
90%

Insurance Underwriter Salary in Grand Rapids by Experience

In Grand Rapids, an entry-level insurance underwriter earns around $45,000, while experienced professionals earn up to $103,500 per year. The local cost of living index is 90% of the national average.

Entry Level (0-2 yrs)
$45,000
$-5,000 vs national
Mid Level (3-7 yrs)
$70,200
$-7,800 vs national
Senior Level (8+ yrs)
$103,500
$-11,500 vs national

Salary Percentiles in Grand Rapids, MI

Percentile Grand Rapids
10th Percentile $43,740
25th Percentile $55,080
Median (50th) $70,074
75th Percentile $90,000
90th Percentile $113,760

Insurance Underwriter Salary in Other Michigan Cities

Ann Arbor, MI
$81,753
Pop. 123,851
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 Grand Rapids

Education

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

Find Insurance Underwriter Jobs in Grand Rapids

Browse open insurance underwriter positions in Grand Rapids, MI:

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Frequently Asked Questions: Insurance Underwriter Salary in Grand Rapids

How much does a Insurance Underwriter make in Grand Rapids, MI? ▼
The median insurance underwriter salary in Grand Rapids, Michigan is $70,074 per year, which is 10% below the national median of $77,860. Salaries range from $43,740 (10th percentile) to $113,760 (90th percentile).
How much does a Insurance Underwriter make per hour in Grand Rapids? ▼
Based on the median annual salary of $70,074, a insurance underwriter in Grand Rapids earns approximately $34 per hour assuming a standard 2,080-hour work year.
How does Grand Rapids compare to the Michigan state average for insurance underwriter pay? ▼
Grand Rapids's median insurance underwriter salary of $70,074 is 0.0% above the Michigan state average of $70,074. The local cost of living index is 90% of the national average.
What is the cost of living in Grand Rapids, MI? ▼
Grand Rapids has a cost of living index of 90% compared to the national average. This means a insurance underwriter salary of $70,074 in Grand Rapids has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Grand Rapids? ▼
Most insurance underwriter positions in Grand Rapids 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.