Insurance Underwriter Salary in Newark, New Jersey
The median insurance underwriter salary in Newark, NJ is $93,432 per year, which is 20.0% above the national median and 2.4% below the New Jersey state average.
Insurance Underwriter Pay in Newark: What to Expect (2026)
Newark offers a median insurance underwriter salary of $93,432, which is $2,336 below the New Jersey state average of $95,768. Compared to the national median of $77,860, Newark pays above average for this role.
However, Newark's cost of living index is 112%, significantly above the national average. After adjusting for local costs, the $93,432 salary has an effective purchasing power of approximately $83,421. Housing, transportation, and food costs in Newark should be factored into any relocation or job-change decision.
The salary range for insurance underwriters in Newark spans from $58,320 at the 10th percentile to $151,680 at the 90th percentile — a $93,360 spread. Entry-level professionals start around $60,000, while senior insurance underwriters with 8+ years of experience can earn up to $138,000. With a population of 311,549, Newark is a mid-sized metro with a growing job market.
Insurance Underwriter Salary in Newark by Experience
In Newark, an entry-level insurance underwriter earns around $60,000, while experienced professionals earn up to $138,000 per year. The local cost of living index is 112% of the national average.
Salary Percentiles in Newark, NJ
| Percentile | Newark |
|---|---|
| 10th Percentile | $58,320 |
| 25th Percentile | $73,440 |
| Median (50th) | $93,432 |
| 75th Percentile | $120,000 |
| 90th Percentile | $151,680 |
Insurance Underwriter Salary in Other New Jersey Cities
How to Become a Insurance Underwriter in Newark
Education
Most insurance underwriter positions require a bachelor's degree. Newark and the surrounding New Jersey area have institutions offering relevant programs.
Key Skills
Job Outlook
Nationally, insurance underwriter employment is projected to grow -2% over the next decade (decline). Demand in Newark may vary based on local industry and population growth.
Find Insurance Underwriter Jobs in Newark
Browse open insurance underwriter positions in Newark, NJ: