Business & Finance Oregon (OR) Rank #10 of 50

Insurance Underwriter Salary in Oregon

The median insurance underwriter salary in Oregon is $85,646 per year, which is 10.0% above the national median of $77,860.

Median Salary
$85,646
vs National
+$7,786
State Rank
#10 of 50
Cost of Living
110%

Insurance Underwriter Salary Overview in Oregon (2026)

Oregon ranks #10 out of 50 states for insurance underwriter compensation. This places Oregon in the top tier nationally, making it one of the best states for insurance underwriters seeking high pay. At $85,646 per year, insurance underwriters in Oregon earn $7,786 more than the national median of $77,860.

It's worth noting that Oregon's cost of living is 110% of the national average, which reduces the real purchasing power of the $85,646 salary. After adjusting for cost of living, the effective salary is closer to $77,860.

The salary spread in Oregon is significant: insurance underwriters at the 10th percentile earn $53,460, while those at the 90th percentile bring home $139,040 — a $85,580 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Oregon for this role is Portland, where the median reaches $91,875.

Nationally, insurance underwriter employment is projected to grow -2% over the next decade (decline). Despite slower growth nationally, experienced insurance underwriters with in-demand specializations continue to command strong salaries.

Insurance Underwriter Salary in Oregon by Experience

In Oregon, an entry-level insurance underwriter earns around $55,000, while experienced professionals earn up to $126,500 per year. The cost of living index in Oregon is 110% 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

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Salary Percentiles in Oregon

Percentile OR Salary
10th Percentile $53,460
25th Percentile $67,320
Median (50th) $85,646
75th Percentile $110,000
90th Percentile $139,040

Insurance Underwriter Salary by City in Oregon

The largest employment areas for insurance underwriters in Oregon include Portland, Salem, Eugene, and Gresham. Salaries vary by city based on local cost of living and demand.

How to Become a Insurance Underwriter in Oregon

Education

Most insurance underwriter positions require a bachelor's degree. Oregon has several accredited institutions offering relevant programs.

Key Skills

Risk AssessmentAnalytical SkillsInsurance RegulationsUnderwriting SoftwareDecision-MakingAttention to Detail

Job Outlook in Oregon

Nationally, insurance underwriter employment is projected to grow -2% over the next decade (decline). Oregon's demand may vary based on local industry trends.

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Frequently Asked Questions: Insurance Underwriter Salary in Oregon

How much does a Insurance Underwriter make in Oregon? ▼
The median insurance underwriter salary in Oregon 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 Oregon? ▼
Based on the median annual salary of $85,646, a insurance underwriter in Oregon earns approximately $41 per hour assuming a standard 2,080-hour work year.
Is Oregon a good state for insurance underwriters? ▼
Oregon ranks #10 out of 50 states for insurance underwriter pay. The cost of living index is 110% of the national average. Entry-level insurance underwriters earn $55,000, while senior professionals earn $126,500.
How does Oregon compare to other states for insurance underwriter salary? ▼
The highest paying state for insurance underwriters is Hawaii at $132,362. Oregon's median of $85,646 ranks #10 nationally. Nearby-ranked states include Maryland ($89,539) and Washington ($89,539).
What is the entry-level insurance underwriter salary in Oregon? ▼
An entry-level insurance underwriter in Oregon earns approximately $55,000 per year. With 3-7 years of experience, pay increases to around $85,800. Senior-level professionals with 8+ years earn up to $126,500.
What city in Oregon pays insurance underwriters the most? ▼
Portland is the highest paying city in Oregon for insurance underwriters, with a median salary of $91,875. Other cities include Salem and Eugene.