Business & Finance Buffalo, NY
Pop. 278,349
Insurance Underwriter Salary in Buffalo, New York
The median insurance underwriter salary in Buffalo, NY is $80,974 per year, which is 4.0% above the national median and 22.4% below the New York state average.
City Median
$80,974
vs State Avg
$-23,358
vs National
+$3,114
Cost of Living
92%
Insurance Underwriter Salary in Buffalo by Experience
In Buffalo, an entry-level insurance underwriter earns around $52,000, while experienced professionals earn up to $119,600 per year. The local cost of living index is 92% of the national average.
Entry Level (0-2 yrs)
$52,000
+$2,000 vs national
Mid Level (3-7 yrs)
$81,120
+$3,120 vs national
Senior Level (8+ yrs)
$119,600
+$4,600 vs national
Salary Percentiles in Buffalo, NY
| Percentile | Buffalo |
|---|---|
| 10th Percentile | $50,544 |
| 25th Percentile | $63,648 |
| Median (50th) | $80,974 |
| 75th Percentile | $104,000 |
| 90th Percentile | $131,456 |
Insurance Underwriter Salary in Other New York Cities
How to Become a Insurance Underwriter in Buffalo
Education
Most insurance underwriter positions require a bachelor's degree. Buffalo 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 Buffalo may vary based on local industry and population growth.