Insurance Underwriter Salary in Minnesota
The median insurance underwriter salary in Minnesota is $77,081 per year, which is 1% below the national median of $77,860.
Insurance Underwriter Salary in Minnesota by Experience
In Minnesota, an entry-level insurance underwriter earns around $49,500, while experienced professionals earn up to $113,850 per year. The cost of living index in Minnesota is 97% of the national average.
Salary Percentiles in Minnesota
| Percentile | MN Salary |
|---|---|
| 10th Percentile | $48,114 |
| 25th Percentile | $60,588 |
| Median (50th) | $77,081 |
| 75th Percentile | $99,000 |
| 90th Percentile | $125,136 |
Major Cities for Insurance Underwriters in Minnesota
The largest employment areas for insurance underwriters in Minnesota include Minneapolis, Saint Paul, Rochester, and Duluth. Salaries in major metro areas may be higher due to increased demand and cost of living.
How to Become a Insurance Underwriter in Minnesota
Education
Most insurance underwriter positions require a bachelor's degree. Minnesota has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in Minnesota
Nationally, insurance underwriter employment is projected to grow -2% over the next decade (decline). Minnesota's demand may vary based on local industry trends.