Insurance Underwriter Salary in New Jersey
The median insurance underwriter salary in New Jersey is $95,768 per year, which is 23.0% above the national median of $77,860.
Insurance Underwriter Salary in New Jersey by Experience
In New Jersey, an entry-level insurance underwriter earns around $61,500, while experienced professionals earn up to $141,450 per year. The cost of living index in New Jersey is 115% of the national average.
Salary Percentiles in New Jersey
| Percentile | NJ Salary |
|---|---|
| 10th Percentile | $59,778 |
| 25th Percentile | $75,276 |
| Median (50th) | $95,768 |
| 75th Percentile | $123,000 |
| 90th Percentile | $155,472 |
Insurance Underwriter Salary by City in New Jersey
The largest employment areas for insurance underwriters in New Jersey include Newark, Jersey City, Paterson, and Elizabeth. Salaries vary by city based on local cost of living and demand.
How to Become a Insurance Underwriter in New Jersey
Education
Most insurance underwriter positions require a bachelor's degree. New Jersey has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in New Jersey
Nationally, insurance underwriter employment is projected to grow -2% over the next decade (decline). New Jersey's demand may vary based on local industry trends.