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

Jersey City, NJ
$105,890
Pop. 292,449
Newark, NJ
$93,432
Pop. 311,549
Elizabeth, NJ
$90,318
Pop. 137,298
Paterson, NJ
$87,982
Pop. 159,732

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.

Find Insurance Underwriter Jobs in Edison

Browse open insurance underwriter positions in Edison, NJ:

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Frequently Asked Questions: Insurance Underwriter Salary in Edison

How much does a Insurance Underwriter make in Edison, NJ? ▼
The median insurance underwriter salary in Edison, New Jersey is $95,768 per year, which is 23.0% above the national median of $77,860. Salaries range from $59,778 (10th percentile) to $155,472 (90th percentile).
How much does a Insurance Underwriter make per hour in Edison? ▼
Based on the median annual salary of $95,768, a insurance underwriter in Edison earns approximately $46 per hour assuming a standard 2,080-hour work year.
How does Edison compare to the New Jersey state average for insurance underwriter pay? ▼
Edison's median insurance underwriter salary of $95,768 is 0.0% above the New Jersey state average of $95,768. The local cost of living index is 115% of the national average.
What is the cost of living in Edison, NJ? ▼
Edison has a cost of living index of 115% compared to the national average. This means a insurance underwriter salary of $95,768 in Edison has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Edison? ▼
Most insurance underwriter positions in Edison 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.