Business & Finance Albuquerque, NM Pop. 564,559

Insurance Underwriter Salary in Albuquerque, New Mexico

The median insurance underwriter salary in Albuquerque, NM is $73,967 per year, which is 5% below the national median and 2.2% above the New Mexico state average.

City Median
$73,967
vs State Avg
+$1,557
vs National
$-3,893
Cost of Living
95%

Insurance Underwriter Salary in Albuquerque by Experience

In Albuquerque, an entry-level insurance underwriter earns around $47,500, while experienced professionals earn up to $109,250 per year. The local cost of living index is 95% of the national average.

Entry Level (0-2 yrs)
$47,500
$-2,500 vs national
Mid Level (3-7 yrs)
$74,100
$-3,900 vs national
Senior Level (8+ yrs)
$109,250
$-5,750 vs national

Salary Percentiles in Albuquerque, NM

Percentile Albuquerque
10th Percentile $46,170
25th Percentile $58,140
Median (50th) $73,967
75th Percentile $95,000
90th Percentile $120,080

Insurance Underwriter Salary in Other New Mexico Cities

Santa Fe, NM
$85,646
Pop. 87,505
Rio Rancho, NM
$71,631
Pop. 104,046
Las Cruces, NM
$68,517
Pop. 111,385
Roswell, NM
$63,845
Pop. 48,422

How to Become a Insurance Underwriter in Albuquerque

Education

Most insurance underwriter positions require a bachelor's degree. Albuquerque and the surrounding New Mexico 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 Albuquerque may vary based on local industry and population growth.

Find Insurance Underwriter Jobs in Albuquerque

Browse open insurance underwriter positions in Albuquerque, NM:

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Frequently Asked Questions: Insurance Underwriter Salary in Albuquerque

How much does a Insurance Underwriter make in Albuquerque, NM? ▼
The median insurance underwriter salary in Albuquerque, New Mexico is $73,967 per year, which is 5% below the national median of $77,860. Salaries range from $46,170 (10th percentile) to $120,080 (90th percentile).
How much does a Insurance Underwriter make per hour in Albuquerque? ▼
Based on the median annual salary of $73,967, a insurance underwriter in Albuquerque earns approximately $36 per hour assuming a standard 2,080-hour work year.
How does Albuquerque compare to the New Mexico state average for insurance underwriter pay? ▼
Albuquerque's median insurance underwriter salary of $73,967 is 2.2% above the New Mexico state average of $72,410. The local cost of living index is 95% of the national average.
What is the cost of living in Albuquerque, NM? ▼
Albuquerque has a cost of living index of 95% compared to the national average. This means a insurance underwriter salary of $73,967 in Albuquerque has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Albuquerque? ▼
Most insurance underwriter positions in Albuquerque require a bachelor's degree. Key skills include Risk Assessment, Analytical Skills, Insurance Regulations, Underwriting Software. The job market is projected to grow -2% nationally over the next decade.