Business & Finance Madison, WI Pop. 269,840

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.

City Median
$77,860
vs State Avg
+$6,229
vs National
+$0
Cost of Living
100%

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.

Entry Level (0-2 yrs)
$50,000
+$0 vs national
Mid Level (3-7 yrs)
$78,000
+$0 vs national
Senior Level (8+ yrs)
$115,000
+$0 vs national

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

Milwaukee, WI
$71,631
Pop. 577,222
Kenosha, WI
$70,074
Pop. 99,986
Green Bay, WI
$68,517
Pop. 107,395
Racine, WI
$66,960
Pop. 77,816

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

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 Madison may vary based on local industry and population growth.

Find Insurance Underwriter Jobs in Madison

Browse open insurance underwriter positions in Madison, WI:

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Frequently Asked Questions: Insurance Underwriter Salary in Madison

How much does a Insurance Underwriter make in Madison, WI? ▼
The median insurance underwriter salary in Madison, Wisconsin is $77,860 per year, which is 0.0% above the national median of $77,860. Salaries range from $48,600 (10th percentile) to $126,400 (90th percentile).
How much does a Insurance Underwriter make per hour in Madison? ▼
Based on the median annual salary of $77,860, a insurance underwriter in Madison earns approximately $37 per hour assuming a standard 2,080-hour work year.
How does Madison compare to the Wisconsin state average for insurance underwriter pay? ▼
Madison's median insurance underwriter salary of $77,860 is 8.7% above the Wisconsin state average of $71,631. The local cost of living index is 100% of the national average.
What is the cost of living in Madison, WI? ▼
Madison has a cost of living index of 100% compared to the national average. This means a insurance underwriter salary of $77,860 in Madison has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a insurance underwriter in Madison? ▼
Most insurance underwriter positions in Madison 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.