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

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.