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 Pay in Paterson: What to Expect (2026)
Paterson offers a median insurance underwriter salary of $87,982, which is $7,786 below the New Jersey state average of $95,768. Compared to the national median of $77,860, Paterson pays above average for this role.
Paterson's cost of living is 105% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.
The salary range for insurance underwriters in Paterson spans from $54,918 at the 10th percentile to $142,832 at the 90th percentile — a $87,914 spread. Entry-level professionals start around $56,500, while senior insurance underwriters with 8+ years of experience can earn up to $129,950. With a population of 159,732, Paterson is a mid-sized metro with a growing job market.
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.
Find Insurance Underwriter Jobs in Paterson
Browse open insurance underwriter positions in Paterson, NJ: