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.
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.
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
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
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.