Business & Finance Santa Fe, NM Pop. 87,505

Insurance Underwriter Salary in Santa Fe, New Mexico

The median insurance underwriter salary in Santa Fe, NM is $85,646 per year, which is 10.0% above the national median and 18.3% above the New Mexico state average.

City Median
$85,646
vs State Avg
+$13,236
vs National
+$7,786
Cost of Living
110%

Insurance Underwriter Salary in Santa Fe by Experience

In Santa Fe, an entry-level insurance underwriter earns around $55,000, while experienced professionals earn up to $126,500 per year. The local cost of living index is 110% of the national average.

Entry Level (0-2 yrs)
$55,000
+$5,000 vs national
Mid Level (3-7 yrs)
$85,800
+$7,800 vs national
Senior Level (8+ yrs)
$126,500
+$11,500 vs national

Salary Percentiles in Santa Fe, NM

Percentile Santa Fe
10th Percentile $53,460
25th Percentile $67,320
Median (50th) $85,646
75th Percentile $110,000
90th Percentile $139,040

Insurance Underwriter Salary in Other New Mexico Cities

Albuquerque, NM
$73,967
Pop. 564,559
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 Santa Fe

Education

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

Find Insurance Underwriter Jobs in Santa Fe

Browse open insurance underwriter positions in Santa Fe, NM:

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Frequently Asked Questions: Insurance Underwriter Salary in Santa Fe

How much does a Insurance Underwriter make in Santa Fe, NM? ▼
The median insurance underwriter salary in Santa Fe, New Mexico is $85,646 per year, which is 10.0% above the national median of $77,860. Salaries range from $53,460 (10th percentile) to $139,040 (90th percentile).
How much does a Insurance Underwriter make per hour in Santa Fe? ▼
Based on the median annual salary of $85,646, a insurance underwriter in Santa Fe earns approximately $41 per hour assuming a standard 2,080-hour work year.
How does Santa Fe compare to the New Mexico state average for insurance underwriter pay? ▼
Santa Fe's median insurance underwriter salary of $85,646 is 18.3% above the New Mexico state average of $72,410. The local cost of living index is 110% of the national average.
What is the cost of living in Santa Fe, NM? ▼
Santa Fe has a cost of living index of 110% compared to the national average. This means a insurance underwriter salary of $85,646 in Santa Fe has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Santa Fe? ▼
Most insurance underwriter positions in Santa Fe 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.