Insurance Underwriter Salary in New Mexico
The median insurance underwriter salary in New Mexico is $72,410 per year, which is 7% below the national median of $77,860.
Insurance Underwriter Salary in New Mexico by Experience
In New Mexico, an entry-level insurance underwriter earns around $46,500, while experienced professionals earn up to $106,950 per year. The cost of living index in New Mexico is 93% of the national average.
Salary Percentiles in New Mexico
| Percentile | NM Salary |
|---|---|
| 10th Percentile | $45,198 |
| 25th Percentile | $56,916 |
| Median (50th) | $72,410 |
| 75th Percentile | $93,000 |
| 90th Percentile | $117,552 |
Insurance Underwriter Salary by City in New Mexico
The largest employment areas for insurance underwriters in New Mexico include Albuquerque, Las Cruces, Rio Rancho, and Santa Fe. Salaries vary by city based on local cost of living and demand.
How to Become a Insurance Underwriter in New Mexico
Education
Most insurance underwriter positions require a bachelor's degree. New Mexico has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in New Mexico
Nationally, insurance underwriter employment is projected to grow -2% over the next decade (decline). New Mexico's demand may vary based on local industry trends.