Business & Finance Fargo, ND Pop. 125,990

Insurance Underwriter Salary in Fargo, North Dakota

The median insurance underwriter salary in Fargo, ND is $73,188 per year, which is 6% below the national median and 4.4% above the North Dakota state average.

City Median
$73,188
vs State Avg
+$3,114
vs National
$-4,672
Cost of Living
94%

Insurance Underwriter Pay in Fargo: What to Expect (2026)

Fargo offers a median insurance underwriter salary of $73,188, which is $3,114 above the North Dakota state average of $70,074. Compared to the national median of $77,860, Fargo pays below the national benchmark for this role.

Fargo's cost of living is 94% 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 Fargo spans from $45,684 at the 10th percentile to $118,816 at the 90th percentile — a $73,132 spread. Entry-level professionals start around $47,000, while senior insurance underwriters with 8+ years of experience can earn up to $108,100. With a population of 125,990, Fargo is a mid-sized metro with a growing job market.

Insurance Underwriter Salary in Fargo by Experience

In Fargo, an entry-level insurance underwriter earns around $47,000, while experienced professionals earn up to $108,100 per year. The local cost of living index is 94% of the national average.

Entry Level (0-2 yrs)
$47,000
$-3,000 vs national
Mid Level (3-7 yrs)
$73,320
$-4,680 vs national
Senior Level (8+ yrs)
$108,100
$-6,900 vs national

Salary Percentiles in Fargo, ND

Percentile Fargo
10th Percentile $45,684
25th Percentile $57,528
Median (50th) $73,188
75th Percentile $94,000
90th Percentile $118,816

Insurance Underwriter Salary in Other North Dakota Cities

West Fargo, ND
$72,410
Pop. 38,626
Minot, ND
$71,631
Pop. 48,639
Bismarck, ND
$70,074
Pop. 73,529
Grand Forks, ND
$68,517
Pop. 56,588

How to Become a Insurance Underwriter in Fargo

Education

Most insurance underwriter positions require a bachelor's degree. Fargo and the surrounding North Dakota 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 Fargo may vary based on local industry and population growth.

Find Insurance Underwriter Jobs in Fargo

Browse open insurance underwriter positions in Fargo, ND:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Insurance Underwriter Salary in Fargo

How much does a Insurance Underwriter make in Fargo, ND? ▼
The median insurance underwriter salary in Fargo, North Dakota is $73,188 per year, which is 6% below the national median of $77,860. Salaries range from $45,684 (10th percentile) to $118,816 (90th percentile).
How much does a Insurance Underwriter make per hour in Fargo? ▼
Based on the median annual salary of $73,188, a insurance underwriter in Fargo earns approximately $35 per hour assuming a standard 2,080-hour work year.
How does Fargo compare to the North Dakota state average for insurance underwriter pay? ▼
Fargo's median insurance underwriter salary of $73,188 is 4.4% above the North Dakota state average of $70,074. The local cost of living index is 94% of the national average.
What is the cost of living in Fargo, ND? ▼
Fargo has a cost of living index of 94% compared to the national average. This means a insurance underwriter salary of $73,188 in Fargo has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Fargo? ▼
Most insurance underwriter positions in Fargo 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.