Insurance Underwriter Salary in Madison, Wisconsin
The median insurance underwriter salary in Madison, WI is $77,860 per year, which is 0.0% above the national median and 8.7% above the Wisconsin state average.
Insurance Underwriter Pay in Madison: What to Expect (2026)
Madison offers a median insurance underwriter salary of $77,860, which is $6,229 above the Wisconsin state average of $71,631. Compared to the national median of $77,860, Madison pays above average for this role.
Madison's cost of living is 100% 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 Madison spans from $48,600 at the 10th percentile to $126,400 at the 90th percentile — a $77,800 spread. Entry-level professionals start around $50,000, while senior insurance underwriters with 8+ years of experience can earn up to $115,000. With a population of 269,840, Madison is a mid-sized metro with a growing job market.
Insurance Underwriter Salary in Madison by Experience
In Madison, an entry-level insurance underwriter earns around $50,000, while experienced professionals earn up to $115,000 per year. The local cost of living index is 100% of the national average.
Salary Percentiles in Madison, WI
| Percentile | Madison |
|---|---|
| 10th Percentile | $48,600 |
| 25th Percentile | $61,200 |
| Median (50th) | $77,860 |
| 75th Percentile | $100,000 |
| 90th Percentile | $126,400 |
Insurance Underwriter Salary in Other Wisconsin Cities
How to Become a Insurance Underwriter in Madison
Education
Most insurance underwriter positions require a bachelor's degree. Madison and the surrounding Wisconsin 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 Madison may vary based on local industry and population growth.
Find Insurance Underwriter Jobs in Madison
Browse open insurance underwriter positions in Madison, WI: