Insurance Underwriter Salary in Minneapolis, Minnesota
The median insurance underwriter salary in Minneapolis, MN is $83,310 per year, which is 7.0% above the national median and 8.1% above the Minnesota state average.
Insurance Underwriter Pay in Minneapolis: What to Expect (2026)
Minneapolis offers a median insurance underwriter salary of $83,310, which is $6,229 above the Minnesota state average of $77,081. Compared to the national median of $77,860, Minneapolis pays above average for this role.
Minneapolis's cost of living is 105% 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 Minneapolis spans from $52,002 at the 10th percentile to $135,248 at the 90th percentile — a $83,246 spread. Entry-level professionals start around $53,500, while senior insurance underwriters with 8+ years of experience can earn up to $123,050. With a population of 429,954, Minneapolis is a mid-sized metro with a growing job market.
Insurance Underwriter Salary in Minneapolis by Experience
In Minneapolis, an entry-level insurance underwriter earns around $53,500, while experienced professionals earn up to $123,050 per year. The local cost of living index is 105% of the national average.
Salary Percentiles in Minneapolis, MN
| Percentile | Minneapolis |
|---|---|
| 10th Percentile | $52,002 |
| 25th Percentile | $65,484 |
| Median (50th) | $83,310 |
| 75th Percentile | $107,000 |
| 90th Percentile | $135,248 |
Insurance Underwriter Salary in Other Minnesota Cities
How to Become a Insurance Underwriter in Minneapolis
Education
Most insurance underwriter positions require a bachelor's degree. Minneapolis 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 Minneapolis may vary based on local industry and population growth.
Find Insurance Underwriter Jobs in Minneapolis
Browse open insurance underwriter positions in Minneapolis, MN: