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.
Insurance Underwriter Pay in Santa Fe: What to Expect (2026)
Santa Fe offers a median insurance underwriter salary of $85,646, which is $13,236 above the New Mexico state average of $72,410. Compared to the national median of $77,860, Santa Fe pays above average for this role.
Santa Fe's cost of living is 110% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.
The salary range for insurance underwriters in Santa Fe spans from $53,460 at the 10th percentile to $139,040 at the 90th percentile — a $85,580 spread. Entry-level professionals start around $55,000, while senior insurance underwriters with 8+ years of experience can earn up to $126,500. Santa Fe is a smaller market (pop. 87,505), which may mean fewer openings but also less competition for available positions.
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.
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
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: