Insurance Underwriter Salary in Sioux Falls, South Dakota
The median insurance underwriter salary in Sioux Falls, SD is $71,631 per year, which is 8% below the national median and 4.5% above the South Dakota state average.
Insurance Underwriter Pay in Sioux Falls: What to Expect (2026)
Sioux Falls offers a median insurance underwriter salary of $71,631, which is $3,114 above the South Dakota state average of $68,517. Compared to the national median of $77,860, Sioux Falls pays below the national benchmark for this role.
Sioux Falls's cost of living is 92% 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 Sioux Falls spans from $44,712 at the 10th percentile to $116,288 at the 90th percentile — a $71,576 spread. Entry-level professionals start around $46,000, while senior insurance underwriters with 8+ years of experience can earn up to $105,800. With a population of 192,517, Sioux Falls is a mid-sized metro with a growing job market.
Insurance Underwriter Salary in Sioux Falls by Experience
In Sioux Falls, 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.
Salary Percentiles in Sioux Falls, SD
| Percentile | Sioux Falls |
|---|---|
| 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 South Dakota Cities
How to Become a Insurance Underwriter in Sioux Falls
Education
Most insurance underwriter positions require a bachelor's degree. Sioux Falls and the surrounding South Dakota area have institutions offering relevant programs.
Key Skills
Job Outlook
Nationally, insurance underwriter employment is projected to grow -2% over the next decade (decline). Demand in Sioux Falls may vary based on local industry and population growth.
Find Insurance Underwriter Jobs in Sioux Falls
Browse open insurance underwriter positions in Sioux Falls, SD: