Business & Finance Jersey City, NJ Pop. 292,449

Insurance Underwriter Salary in Jersey City, New Jersey

The median insurance underwriter salary in Jersey City, NJ is $105,890 per year, which is 36.0% above the national median and 10.6% above the New Jersey state average.

City Median
$105,890
vs State Avg
+$10,122
vs National
+$28,030
Cost of Living
128%

Insurance Underwriter Salary in Jersey City by Experience

In Jersey City, an entry-level insurance underwriter earns around $68,000, while experienced professionals earn up to $156,400 per year. The local cost of living index is 128% of the national average.

Entry Level (0-2 yrs)
$68,000
+$18,000 vs national
Mid Level (3-7 yrs)
$106,080
+$28,080 vs national
Senior Level (8+ yrs)
$156,400
+$41,400 vs national

Salary Percentiles in Jersey City, NJ

Percentile Jersey City
10th Percentile $66,096
25th Percentile $83,232
Median (50th) $105,890
75th Percentile $136,000
90th Percentile $171,904

Insurance Underwriter Salary in Other New Jersey Cities

Edison, NJ
$95,768
Pop. 107,588
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 Jersey City

Education

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

Find Insurance Underwriter Jobs in Jersey City

Browse open insurance underwriter positions in Jersey City, NJ:

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Frequently Asked Questions: Insurance Underwriter Salary in Jersey City

How much does a Insurance Underwriter make in Jersey City, NJ? ▼
The median insurance underwriter salary in Jersey City, New Jersey is $105,890 per year, which is 36.0% above the national median of $77,860. Salaries range from $66,096 (10th percentile) to $171,904 (90th percentile).
How much does a Insurance Underwriter make per hour in Jersey City? ▼
Based on the median annual salary of $105,890, a insurance underwriter in Jersey City earns approximately $51 per hour assuming a standard 2,080-hour work year.
How does Jersey City compare to the New Jersey state average for insurance underwriter pay? ▼
Jersey City's median insurance underwriter salary of $105,890 is 10.6% above the New Jersey state average of $95,768. The local cost of living index is 128% of the national average.
What is the cost of living in Jersey City, NJ? ▼
Jersey City has a cost of living index of 128% compared to the national average. This means a insurance underwriter salary of $105,890 in Jersey City has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Jersey City? ▼
Most insurance underwriter positions in Jersey City 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.