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Insurance Underwriter Salary in Memphis, Tennessee
The median insurance underwriter salary in Memphis, TN is $66,960 per year, which is 14% below the national median and 3.4% below the Tennessee state average.
City Median
$66,960
vs State Avg
$-2,335
vs National
$-10,900
Cost of Living
86%
Insurance Underwriter Salary in Memphis by Experience
In Memphis, an entry-level insurance underwriter earns around $43,000, while experienced professionals earn up to $98,900 per year. The local cost of living index is 86% of the national average.
Entry Level (0-2 yrs)
$43,000
$-7,000 vs national
Mid Level (3-7 yrs)
$67,080
$-10,920 vs national
Senior Level (8+ yrs)
$98,900
$-16,100 vs national
Salary Percentiles in Memphis, TN
| Percentile | Memphis |
|---|---|
| 10th Percentile | $41,796 |
| 25th Percentile | $52,632 |
| Median (50th) | $66,960 |
| 75th Percentile | $86,000 |
| 90th Percentile | $108,704 |
Insurance Underwriter Salary in Other Tennessee Cities
How to Become a Insurance Underwriter in Memphis
Education
Most insurance underwriter positions require a bachelor's degree. Memphis and the surrounding Tennessee 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 Memphis may vary based on local industry and population growth.