Business & Finance Elizabeth, NJ Pop. 137,298

Insurance Underwriter Salary in Elizabeth, New Jersey

The median insurance underwriter salary in Elizabeth, NJ is $90,318 per year, which is 16.0% above the national median and 5.7% below the New Jersey state average.

City Median
$90,318
vs State Avg
$-5,450
vs National
+$12,458
Cost of Living
108%

Insurance Underwriter Salary in Elizabeth by Experience

In Elizabeth, an entry-level insurance underwriter earns around $58,000, while experienced professionals earn up to $133,400 per year. The local cost of living index is 108% of the national average.

Entry Level (0-2 yrs)
$58,000
+$8,000 vs national
Mid Level (3-7 yrs)
$90,480
+$12,480 vs national
Senior Level (8+ yrs)
$133,400
+$18,400 vs national

Salary Percentiles in Elizabeth, NJ

Percentile Elizabeth
10th Percentile $56,376
25th Percentile $70,992
Median (50th) $90,318
75th Percentile $116,000
90th Percentile $146,624

Insurance Underwriter Salary in Other New Jersey Cities

Jersey City, NJ
$105,890
Pop. 292,449
Edison, NJ
$95,768
Pop. 107,588
Newark, NJ
$93,432
Pop. 311,549
Paterson, NJ
$87,982
Pop. 159,732

How to Become a Insurance Underwriter in Elizabeth

Education

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

Find Insurance Underwriter Jobs in Elizabeth

Browse open insurance underwriter positions in Elizabeth, NJ:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Insurance Underwriter Salary in Elizabeth

How much does a Insurance Underwriter make in Elizabeth, NJ? ▼
The median insurance underwriter salary in Elizabeth, New Jersey is $90,318 per year, which is 16.0% above the national median of $77,860. Salaries range from $56,376 (10th percentile) to $146,624 (90th percentile).
How much does a Insurance Underwriter make per hour in Elizabeth? ▼
Based on the median annual salary of $90,318, a insurance underwriter in Elizabeth earns approximately $43 per hour assuming a standard 2,080-hour work year.
How does Elizabeth compare to the New Jersey state average for insurance underwriter pay? ▼
Elizabeth's median insurance underwriter salary of $90,318 is 5.7% below the New Jersey state average of $95,768. The local cost of living index is 108% of the national average.
What is the cost of living in Elizabeth, NJ? ▼
Elizabeth has a cost of living index of 108% compared to the national average. This means a insurance underwriter salary of $90,318 in Elizabeth has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Elizabeth? ▼
Most insurance underwriter positions in Elizabeth 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.