Business & Finance Rio Rancho, NM Pop. 104,046

Insurance Underwriter Salary in Rio Rancho, New Mexico

The median insurance underwriter salary in Rio Rancho, NM is $71,631 per year, which is 8% below the national median and 1.1% below the New Mexico state average.

City Median
$71,631
vs State Avg
$-779
vs National
$-6,229
Cost of Living
92%

Insurance Underwriter Salary in Rio Rancho by Experience

In Rio Rancho, an entry-level insurance underwriter earns around $46,000, while experienced professionals earn up to $105,800 per year. The local cost of living index is 92% of the national average.

Entry Level (0-2 yrs)
$46,000
$-4,000 vs national
Mid Level (3-7 yrs)
$71,760
$-6,240 vs national
Senior Level (8+ yrs)
$105,800
$-9,200 vs national

Salary Percentiles in Rio Rancho, NM

Percentile Rio Rancho
10th Percentile $44,712
25th Percentile $56,304
Median (50th) $71,631
75th Percentile $92,000
90th Percentile $116,288

Insurance Underwriter Salary in Other New Mexico Cities

Santa Fe, NM
$85,646
Pop. 87,505
Albuquerque, NM
$73,967
Pop. 564,559
Las Cruces, NM
$68,517
Pop. 111,385
Roswell, NM
$63,845
Pop. 48,422

How to Become a Insurance Underwriter in Rio Rancho

Education

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

Find Insurance Underwriter Jobs in Rio Rancho

Browse open insurance underwriter positions in Rio Rancho, NM:

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Frequently Asked Questions: Insurance Underwriter Salary in Rio Rancho

How much does a Insurance Underwriter make in Rio Rancho, NM? ▼
The median insurance underwriter salary in Rio Rancho, New Mexico is $71,631 per year, which is 8% below the national median of $77,860. Salaries range from $44,712 (10th percentile) to $116,288 (90th percentile).
How much does a Insurance Underwriter make per hour in Rio Rancho? ▼
Based on the median annual salary of $71,631, a insurance underwriter in Rio Rancho earns approximately $34 per hour assuming a standard 2,080-hour work year.
How does Rio Rancho compare to the New Mexico state average for insurance underwriter pay? ▼
Rio Rancho's median insurance underwriter salary of $71,631 is 1.1% below the New Mexico state average of $72,410. The local cost of living index is 92% of the national average.
What is the cost of living in Rio Rancho, NM? ▼
Rio Rancho has a cost of living index of 92% compared to the national average. This means a insurance underwriter salary of $71,631 in Rio Rancho has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Rio Rancho? ▼
Most insurance underwriter positions in Rio Rancho 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.