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

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.