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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

Nashville, TN
$77,860
Pop. 689,447
Murfreesboro, TN
$71,631
Pop. 152,769
Knoxville, TN
$68,517
Pop. 190,740
Chattanooga, TN
$68,517
Pop. 181,099

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.

Find Insurance Underwriter Jobs in Memphis

Browse open insurance underwriter positions in Memphis, TN:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Insurance Underwriter Salary in Memphis

How much does a Insurance Underwriter make in Memphis, TN? ▼
The median insurance underwriter salary in Memphis, Tennessee is $66,960 per year, which is 14% below the national median of $77,860. Salaries range from $41,796 (10th percentile) to $108,704 (90th percentile).
How much does a Insurance Underwriter make per hour in Memphis? ▼
Based on the median annual salary of $66,960, a insurance underwriter in Memphis earns approximately $32 per hour assuming a standard 2,080-hour work year.
How does Memphis compare to the Tennessee state average for insurance underwriter pay? ▼
Memphis's median insurance underwriter salary of $66,960 is 3.4% below the Tennessee state average of $69,295. The local cost of living index is 86% of the national average.
What is the cost of living in Memphis, TN? ▼
Memphis has a cost of living index of 86% compared to the national average. This means a insurance underwriter salary of $66,960 in Memphis has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Memphis? ▼
Most insurance underwriter positions in Memphis 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.