How to Become a Insurance Underwriters in New Jersey
Insurance Underwriters in New Jersey earn a median salary of $93,500/year, which is 17% above the national average. New Jersey has a state income tax of ~4.1%. After taxes and rent, a insurance underwriters takes home approximately $4,449/month. Most positions require Bachelor's degree.
What a insurance underwriters can afford in New Jersey
Becoming a insurance underwriters in New Jersey
Meet education requirements
Insurance Underwriters positions in New Jersey typically require Bachelor's degree. Programs are available at colleges and training institutions across New Jersey. Research accredited programs in your area.
Gain required experience
Many insurance underwriters positions in New Jersey require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain New Jersey licensure or certification
New Jersey may require specific licensing or professional certification for insurance underwriterss. Requirements vary by state — contact the New Jersey Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in New Jersey
New Jersey employs 3,170 insurance underwriters. The highest concentrations are in Trenton-Princeton.
Insurance Underwriters salary by metro area in New Jersey
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Trenton-Princeton | $91K | $43.64/hr | 180 |
Insurance Underwriters salary range in New Jersey
Insurance Underwriters careers in other states
Frequently asked questions
How much does a insurance underwriters make in New Jersey?▼
The median insurance underwriters salary in New Jersey is $93,500 per year ($44.95/hr). This is 17% above the national median of $79,880. Salaries range from $64,790 to $143,540.
What are the requirements to become a insurance underwriters in New Jersey?▼
Insurance Underwriters positions in New Jersey typically require Bachelor's degree. New Jersey may have specific licensing or certification requirements. Check with the New Jersey licensing board or department of labor for current requirements.
Can a insurance underwriters afford to live in New Jersey?▼
At the median salary of $93,500, a insurance underwriters in New Jersey would take home approximately $5,861/month after taxes. With median 2-bedroom rent at $1,412/month, that's 24.1% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for insurance underwriters in New Jersey?▼
The highest paying metro areas for insurance underwriters in New Jersey are Trenton-Princeton ($90,770). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does New Jersey have state income tax for insurance underwriters?▼
Yes, New Jersey has a state income tax rate of approximately 4.1%. On a $93,500 salary, this means roughly $3,830/year in state income tax. Use our take-home pay calculator for a detailed breakdown.