Insurance Underwriter Salary in Paterson, New Jersey
The median insurance underwriter salary in Paterson, NJ is $87,982 per year, which is 13.0% above the national median and 8.1% below the New Jersey state average.
Insurance Underwriter Salary in Paterson by Experience
In Paterson, an entry-level insurance underwriter earns around $56,500, while experienced professionals earn up to $129,950 per year. The local cost of living index is 105% of the national average.
Salary Percentiles in Paterson, NJ
| Percentile | Paterson |
|---|---|
| 10th Percentile | $54,918 |
| 25th Percentile | $69,156 |
| Median (50th) | $87,982 |
| 75th Percentile | $113,000 |
| 90th Percentile | $142,832 |
Insurance Underwriter Salary in Other New Jersey Cities
How to Become a Insurance Underwriter in Paterson
Education
Most insurance underwriter positions require a bachelor's degree. Paterson 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 Paterson may vary based on local industry and population growth.