Business & Finance Saint Paul, MN Pop. 311,527

Insurance Underwriter Salary in Saint Paul, Minnesota

The median insurance underwriter salary in Saint Paul, MN is $79,417 per year, which is 2.0% above the national median and 3.0% above the Minnesota state average.

City Median
$79,417
vs State Avg
+$2,336
vs National
+$1,557
Cost of Living
100%

Insurance Underwriter Salary in Saint Paul by Experience

In Saint Paul, an entry-level insurance underwriter earns around $51,000, while experienced professionals earn up to $117,300 per year. The local cost of living index is 100% of the national average.

Entry Level (0-2 yrs)
$51,000
+$1,000 vs national
Mid Level (3-7 yrs)
$79,560
+$1,560 vs national
Senior Level (8+ yrs)
$117,300
+$2,300 vs national

Salary Percentiles in Saint Paul, MN

Percentile Saint Paul
10th Percentile $49,572
25th Percentile $62,424
Median (50th) $79,417
75th Percentile $102,000
90th Percentile $128,928

Insurance Underwriter Salary in Other Minnesota Cities

How to Become a Insurance Underwriter in Saint Paul

Education

Most insurance underwriter positions require a bachelor's degree. Saint Paul 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 Saint Paul may vary based on local industry and population growth.