Business & Finance Albany, NY Pop. 99,224

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.

City Median
$85,646
vs State Avg
$-18,686
vs National
+$7,786
Cost of Living
98%

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.

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 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

New York City, NY
$154,941
Pop. 8,336,817
Yonkers, NY
$114,454
Pop. 211,569
Buffalo, NY
$80,974
Pop. 278,349
Rochester, NY
$79,417
Pop. 211,328

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

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 Albany may vary based on local industry and population growth.

Find Insurance Underwriter Jobs in Albany

Browse open insurance underwriter positions in Albany, NY:

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Frequently Asked Questions: Insurance Underwriter Salary in Albany

How much does a Insurance Underwriter make in Albany, NY? ▼
The median insurance underwriter salary in Albany, New York 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 Albany? ▼
Based on the median annual salary of $85,646, a insurance underwriter in Albany earns approximately $41 per hour assuming a standard 2,080-hour work year.
How does Albany compare to the New York state average for insurance underwriter pay? ▼
Albany's median insurance underwriter salary of $85,646 is 17.9% below the New York state average of $104,332. The local cost of living index is 98% of the national average.
What is the cost of living in Albany, NY? ▼
Albany has a cost of living index of 98% compared to the national average. This means a insurance underwriter salary of $85,646 in Albany has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Albany? ▼
Most insurance underwriter positions in Albany 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.