Business & Finance New York City, NY Pop. 8,336,817

Insurance Underwriter Salary in New York City, New York

The median insurance underwriter salary in New York City, NY is $154,941 per year, which is 99.0% above the national median and 48.5% above the New York state average.

City Median
$154,941
vs State Avg
+$50,609
vs National
+$77,081
Cost of Living
187%

Insurance Underwriter Salary in New York City by Experience

In New York City, an entry-level insurance underwriter earns around $99,500, while experienced professionals earn up to $228,850 per year. The local cost of living index is 187% of the national average.

Entry Level (0-2 yrs)
$99,500
+$49,500 vs national
Mid Level (3-7 yrs)
$155,220
+$77,220 vs national
Senior Level (8+ yrs)
$228,850
+$113,850 vs national

Salary Percentiles in New York City, NY

Percentile New York City
10th Percentile $96,714
25th Percentile $121,788
Median (50th) $154,941
75th Percentile $199,000
90th Percentile $251,536

Insurance Underwriter Salary in Other New York Cities

Yonkers, NY
$114,454
Pop. 211,569
Albany, NY
$85,646
Pop. 99,224
Buffalo, NY
$80,974
Pop. 278,349
Rochester, NY
$79,417
Pop. 211,328

How to Become a Insurance Underwriter in New York City

Education

Most insurance underwriter positions require a bachelor's degree. New York City 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 New York City may vary based on local industry and population growth.

Find Insurance Underwriter Jobs in New York City

Browse open insurance underwriter positions in New York City, NY:

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Frequently Asked Questions: Insurance Underwriter Salary in New York City

How much does a Insurance Underwriter make in New York City, NY? ▼
The median insurance underwriter salary in New York City, New York is $154,941 per year, which is 99.0% above the national median of $77,860. Salaries range from $96,714 (10th percentile) to $251,536 (90th percentile).
How much does a Insurance Underwriter make per hour in New York City? ▼
Based on the median annual salary of $154,941, a insurance underwriter in New York City earns approximately $74 per hour assuming a standard 2,080-hour work year.
How does New York City compare to the New York state average for insurance underwriter pay? ▼
New York City's median insurance underwriter salary of $154,941 is 48.5% above the New York state average of $104,332. The local cost of living index is 187% of the national average.
What is the cost of living in New York City, NY? ▼
New York City has a cost of living index of 187% compared to the national average. This means a insurance underwriter salary of $154,941 in New York City has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in New York City? ▼
Most insurance underwriter positions in New York City 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.