How to Become a Insurance Underwriters in Minnesota
Insurance Underwriters in Minnesota earn a median salary of $80,700/year, which is 1% below the national average. Minnesota has a state income tax of ~5.0%. After taxes and rent, a insurance underwriters takes home approximately $3,048/month. Most positions require Bachelor's degree.
What a insurance underwriters can afford in Minnesota
Becoming a insurance underwriters in Minnesota
Meet education requirements
Insurance Underwriters positions in Minnesota typically require Bachelor's degree. Programs are available at colleges and training institutions across Minnesota. Research accredited programs in your area.
Gain required experience
Many insurance underwriters positions in Minnesota require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Minnesota licensure or certification
Minnesota may require specific licensing or professional certification for insurance underwriterss. Requirements vary by state, contact the Minnesota Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Minnesota
Minnesota employs 2,550 insurance underwriters. The highest concentrations are in Minneapolis-St. Paul-Bloomington.
Insurance Underwriters salary by metro area in Minnesota
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Minneapolis-St. Paul-Bloomington | $83K | $39.9/hr | 1,880 |
Insurance Underwriters salary range in Minnesota
Insurance Underwriters careers in other states
Frequently asked questions
How much does a insurance underwriters make in Minnesota?▼
The median insurance underwriters salary in Minnesota is $80,700 per year ($38.8/hr). This is 1% below the national median of $81,370. Salaries range from $60,350 to $138,710.
What are the requirements to become a insurance underwriters in Minnesota?▼
Insurance Underwriters positions in Minnesota typically require Bachelor's degree. Minnesota may have specific licensing or certification requirements. Check with the Minnesota licensing board or department of labor for current requirements.
Can a insurance underwriters afford to live in Minnesota?▼
At the median salary of $80,700, a insurance underwriters in Minnesota would take home approximately $5,092/month after taxes. With median 2-bedroom rent at $2,044/month, that's 40.1% of take-home pay going to housing. This exceeds the recommended 30% guideline.
What are the best cities for insurance underwriters in Minnesota?▼
The highest paying metro areas for insurance underwriters in Minnesota are Minneapolis-St. Paul-Bloomington ($82,980). However, cost of living varies significantly between metros, a higher salary may not mean more purchasing power.
Does Minnesota have state income tax for insurance underwriters?▼
Yes, Minnesota has a state income tax rate of approximately 5.0%. On a $80,700 salary, this means roughly $4,060/year in state income tax. Use our take-home pay calculator for a detailed breakdown.