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.
Insurance Underwriter Pay in Albuquerque: What to Expect (2026)
Albuquerque offers a median insurance underwriter salary of $73,967, which is $1,557 above the New Mexico state average of $72,410. Compared to the national median of $77,860, Albuquerque pays below the national benchmark for this role.
Albuquerque's cost of living is 95% 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 Albuquerque spans from $46,170 at the 10th percentile to $120,080 at the 90th percentile — a $73,910 spread. Entry-level professionals start around $47,500, while senior insurance underwriters with 8+ years of experience can earn up to $109,250. As a major metro area with a population of 564,559, Albuquerque typically offers more job opportunities and employer competition, which can drive salaries higher.
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.
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
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
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: