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

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.