Business & Finance Bloomington, MN Pop. 89,987

Insurance Underwriter Salary in Bloomington, Minnesota

The median insurance underwriter salary in Bloomington, MN is $80,974 per year, which is 4.0% above the national median and 5.1% above the Minnesota state average.

City Median
$80,974
vs State Avg
+$3,893
vs National
+$3,114
Cost of Living
102%

Insurance Underwriter Salary in Bloomington by Experience

In Bloomington, an entry-level insurance underwriter earns around $52,000, while experienced professionals earn up to $119,600 per year. The local cost of living index is 102% of the national average.

Entry Level (0-2 yrs)
$52,000
+$2,000 vs national
Mid Level (3-7 yrs)
$81,120
+$3,120 vs national
Senior Level (8+ yrs)
$119,600
+$4,600 vs national

Salary Percentiles in Bloomington, MN

Percentile Bloomington
10th Percentile $50,544
25th Percentile $63,648
Median (50th) $80,974
75th Percentile $104,000
90th Percentile $131,456

Insurance Underwriter Salary in Other Minnesota Cities

Minneapolis, MN
$83,310
Pop. 429,954
Saint Paul, MN
$79,417
Pop. 311,527
Rochester, MN
$77,860
Pop. 121,395
Duluth, MN
$71,631
Pop. 90,884

How to Become a Insurance Underwriter in Bloomington

Education

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

Find Insurance Underwriter Jobs in Bloomington

Browse open insurance underwriter positions in Bloomington, MN:

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Frequently Asked Questions: Insurance Underwriter Salary in Bloomington

How much does a Insurance Underwriter make in Bloomington, MN? ▼
The median insurance underwriter salary in Bloomington, Minnesota is $80,974 per year, which is 4.0% above the national median of $77,860. Salaries range from $50,544 (10th percentile) to $131,456 (90th percentile).
How much does a Insurance Underwriter make per hour in Bloomington? ▼
Based on the median annual salary of $80,974, a insurance underwriter in Bloomington earns approximately $39 per hour assuming a standard 2,080-hour work year.
How does Bloomington compare to the Minnesota state average for insurance underwriter pay? ▼
Bloomington's median insurance underwriter salary of $80,974 is 5.1% above the Minnesota state average of $77,081. The local cost of living index is 102% of the national average.
What is the cost of living in Bloomington, MN? ▼
Bloomington has a cost of living index of 102% compared to the national average. This means a insurance underwriter salary of $80,974 in Bloomington has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Bloomington? ▼
Most insurance underwriter positions in Bloomington 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.