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

Minneapolis, MN
$83,310
Pop. 429,954
Bloomington, MN
$80,974
Pop. 89,987
Rochester, MN
$77,860
Pop. 121,395
Duluth, MN
$71,631
Pop. 90,884

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.

Find Insurance Underwriter Jobs in Saint Paul

Browse open insurance underwriter positions in Saint Paul, MN:

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Frequently Asked Questions: Insurance Underwriter Salary in Saint Paul

How much does a Insurance Underwriter make in Saint Paul, MN? ▼
The median insurance underwriter salary in Saint Paul, Minnesota is $79,417 per year, which is 2.0% above the national median of $77,860. Salaries range from $49,572 (10th percentile) to $128,928 (90th percentile).
How much does a Insurance Underwriter make per hour in Saint Paul? ▼
Based on the median annual salary of $79,417, a insurance underwriter in Saint Paul earns approximately $38 per hour assuming a standard 2,080-hour work year.
How does Saint Paul compare to the Minnesota state average for insurance underwriter pay? ▼
Saint Paul's median insurance underwriter salary of $79,417 is 3.0% above the Minnesota state average of $77,081. The local cost of living index is 100% of the national average.
What is the cost of living in Saint Paul, MN? ▼
Saint Paul has a cost of living index of 100% compared to the national average. This means a insurance underwriter salary of $79,417 in Saint Paul has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Saint Paul? ▼
Most insurance underwriter positions in Saint Paul 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.