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.
Insurance Underwriter Pay in Bloomington: What to Expect (2026)
Bloomington offers a median insurance underwriter salary of $80,974, which is $3,893 above the Minnesota state average of $77,081. Compared to the national median of $77,860, Bloomington pays above average for this role.
Bloomington's cost of living is 102% 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 Bloomington spans from $50,544 at the 10th percentile to $131,456 at the 90th percentile — a $80,912 spread. Entry-level professionals start around $52,000, while senior insurance underwriters with 8+ years of experience can earn up to $119,600. Bloomington is a smaller market (pop. 89,987), which may mean fewer openings but also less competition for available positions.
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.
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
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
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: