Insurance Underwriter Salary in Grand Rapids, MI: $70,074 (2026)

Insurance Underwriter Pay in Grand Rapids: What to Expect (2026)

Grand Rapids offers a median insurance underwriter salary of $70,074, which is $0 above the Michigan state average of $70,074. Compared to the national median of $77,860, Grand Rapids pays below the national benchmark for this role.

Grand Rapids's cost of living is 90% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.

The salary range for insurance underwriters in Grand Rapids spans from $43,740 at the 10th percentile to $113,760 at the 90th percentile — a $70,020 spread. Entry-level professionals start around $45,000, while senior insurance underwriters with 8+ years of experience can earn up to $103,500. With a population of 198,917, Grand Rapids is a mid-sized metro with a growing job market.

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

Percentile	Grand Rapids	MI State	National
10th Percentile	$43,740	$43,740	$48,600
25th Percentile	$55,080	$55,080	$61,200
Median (50th)	$70,074	$70,074	$77,860
75th Percentile	$90,000	$90,000	$100,000
90th Percentile	$113,760	$113,760	$126,400

Percentile

Grand Rapids

10th Percentile

$43,740

25th Percentile

$55,080

Median (50th)

$70,074

75th Percentile

$90,000

90th Percentile

$113,760

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.

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.

Insurance Underwriter Salary in Grand Rapids, Michigan