Business & Finance Las Cruces, NM Pop. 111,385

Insurance Underwriter Salary in Las Cruces, New Mexico

The median insurance underwriter salary in Las Cruces, NM is $68,517 per year, which is 12% below the national median and 5.4% below the New Mexico state average.

City Median
$68,517
vs State Avg
$-3,893
vs National
$-9,343
Cost of Living
88%

Insurance Underwriter Pay in Las Cruces: What to Expect (2026)

Las Cruces offers a median insurance underwriter salary of $68,517, which is $3,893 below the New Mexico state average of $72,410. Compared to the national median of $77,860, Las Cruces pays below the national benchmark for this role.

One of Las Cruces's biggest advantages is its low cost of living at 88% of the national average. This means the $68,517 salary stretches further here — equivalent to roughly $77,860 in an average-cost city. This makes Las Cruces an attractive option for insurance underwriters seeking strong real-dollar compensation.

The salary range for insurance underwriters in Las Cruces spans from $42,768 at the 10th percentile to $111,232 at the 90th percentile — a $68,464 spread. Entry-level professionals start around $44,000, while senior insurance underwriters with 8+ years of experience can earn up to $101,200. With a population of 111,385, Las Cruces is a mid-sized metro with a growing job market.

Insurance Underwriter Salary in Las Cruces by Experience

In Las Cruces, an entry-level insurance underwriter earns around $44,000, while experienced professionals earn up to $101,200 per year. The local cost of living index is 88% of the national average.

Entry Level (0-2 yrs)
$44,000
$-6,000 vs national
Mid Level (3-7 yrs)
$68,640
$-9,360 vs national
Senior Level (8+ yrs)
$101,200
$-13,800 vs national

Salary Percentiles in Las Cruces, NM

Percentile Las Cruces
10th Percentile $42,768
25th Percentile $53,856
Median (50th) $68,517
75th Percentile $88,000
90th Percentile $111,232

Insurance Underwriter Salary in Other New Mexico Cities

Santa Fe, NM
$85,646
Pop. 87,505
Albuquerque, NM
$73,967
Pop. 564,559
Rio Rancho, NM
$71,631
Pop. 104,046
Roswell, NM
$63,845
Pop. 48,422

How to Become a Insurance Underwriter in Las Cruces

Education

Most insurance underwriter positions require a bachelor's degree. Las Cruces 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 Las Cruces may vary based on local industry and population growth.

Find Insurance Underwriter Jobs in Las Cruces

Browse open insurance underwriter positions in Las Cruces, NM:

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Frequently Asked Questions: Insurance Underwriter Salary in Las Cruces

How much does a Insurance Underwriter make in Las Cruces, NM? ▼
The median insurance underwriter salary in Las Cruces, New Mexico is $68,517 per year, which is 12% below the national median of $77,860. Salaries range from $42,768 (10th percentile) to $111,232 (90th percentile).
How much does a Insurance Underwriter make per hour in Las Cruces? ▼
Based on the median annual salary of $68,517, a insurance underwriter in Las Cruces earns approximately $33 per hour assuming a standard 2,080-hour work year.
How does Las Cruces compare to the New Mexico state average for insurance underwriter pay? ▼
Las Cruces's median insurance underwriter salary of $68,517 is 5.4% below the New Mexico state average of $72,410. The local cost of living index is 88% of the national average.
What is the cost of living in Las Cruces, NM? ▼
Las Cruces has a cost of living index of 88% compared to the national average. This means a insurance underwriter salary of $68,517 in Las Cruces has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Las Cruces? ▼
Most insurance underwriter positions in Las Cruces 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.