Insurance Underwriter Salary in Albany, New York
The median insurance underwriter salary in Albany, NY is $85,646 per year, which is 10.0% above the national median and 17.9% below the New York state average.
Insurance Underwriter Pay in Albany: What to Expect (2026)
Albany offers a median insurance underwriter salary of $85,646, which is $18,686 below the New York state average of $104,332. Compared to the national median of $77,860, Albany pays above average for this role.
Albany's cost of living is 98% 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 Albany 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. Albany is a smaller market (pop. 99,224), which may mean fewer openings but also less competition for available positions.
Insurance Underwriter Salary in Albany by Experience
In Albany, 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 98% of the national average.
Salary Percentiles in Albany, NY
| Percentile | Albany |
|---|---|
| 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 York Cities
How to Become a Insurance Underwriter in Albany
Education
Most insurance underwriter positions require a bachelor's degree. Albany and the surrounding New York 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 Albany may vary based on local industry and population growth.
Find Insurance Underwriter Jobs in Albany
Browse open insurance underwriter positions in Albany, NY: