Business & Finance Edison, NJ
Pop. 107,588
Insurance Underwriter Salary in Edison, New Jersey
The median insurance underwriter salary in Edison, NJ is $95,768 per year, which is 23.0% above the national median and 0.0% above the New Jersey state average.
City Median
$95,768
vs State Avg
+$0
vs National
+$17,908
Cost of Living
115%
Insurance Underwriter Salary in Edison by Experience
In Edison, an entry-level insurance underwriter earns around $61,500, while experienced professionals earn up to $141,450 per year. The local cost of living index is 115% of the national average.
Entry Level (0-2 yrs)
$61,500
+$11,500 vs national
Mid Level (3-7 yrs)
$95,940
+$17,940 vs national
Senior Level (8+ yrs)
$141,450
+$26,450 vs national
Salary Percentiles in Edison, NJ
| Percentile | Edison |
|---|---|
| 10th Percentile | $59,778 |
| 25th Percentile | $75,276 |
| Median (50th) | $95,768 |
| 75th Percentile | $123,000 |
| 90th Percentile | $155,472 |
Insurance Underwriter Salary in Other New Jersey Cities
How to Become a Insurance Underwriter in Edison
Education
Most insurance underwriter positions require a bachelor's degree. Edison and the surrounding New Jersey 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 Edison may vary based on local industry and population growth.