Business & Finance Minot, ND Pop. 48,639

Insurance Underwriter Salary in Minot, North Dakota

The median insurance underwriter salary in Minot, ND is $71,631 per year, which is 8% below the national median and 2.2% above the North Dakota state average.

City Median
$71,631
vs State Avg
+$1,557
vs National
$-6,229
Cost of Living
92%

Insurance Underwriter Salary in Minot by Experience

In Minot, an entry-level insurance underwriter earns around $46,000, while experienced professionals earn up to $105,800 per year. The local cost of living index is 92% of the national average.

Entry Level (0-2 yrs)
$46,000
$-4,000 vs national
Mid Level (3-7 yrs)
$71,760
$-6,240 vs national
Senior Level (8+ yrs)
$105,800
$-9,200 vs national

Salary Percentiles in Minot, ND

Percentile Minot
10th Percentile $44,712
25th Percentile $56,304
Median (50th) $71,631
75th Percentile $92,000
90th Percentile $116,288

Insurance Underwriter Salary in Other North Dakota Cities

Fargo, ND
$73,188
Pop. 125,990
West Fargo, ND
$72,410
Pop. 38,626
Bismarck, ND
$70,074
Pop. 73,529
Grand Forks, ND
$68,517
Pop. 56,588

How to Become a Insurance Underwriter in Minot

Education

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

Find Insurance Underwriter Jobs in Minot

Browse open insurance underwriter positions in Minot, ND:

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Frequently Asked Questions: Insurance Underwriter Salary in Minot

How much does a Insurance Underwriter make in Minot, ND? ▼
The median insurance underwriter salary in Minot, North Dakota is $71,631 per year, which is 8% below the national median of $77,860. Salaries range from $44,712 (10th percentile) to $116,288 (90th percentile).
How much does a Insurance Underwriter make per hour in Minot? ▼
Based on the median annual salary of $71,631, a insurance underwriter in Minot earns approximately $34 per hour assuming a standard 2,080-hour work year.
How does Minot compare to the North Dakota state average for insurance underwriter pay? ▼
Minot's median insurance underwriter salary of $71,631 is 2.2% above the North Dakota state average of $70,074. The local cost of living index is 92% of the national average.
What is the cost of living in Minot, ND? ▼
Minot has a cost of living index of 92% compared to the national average. This means a insurance underwriter salary of $71,631 in Minot has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Minot? ▼
Most insurance underwriter positions in Minot 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.