Insurance Underwriters Salary
Insurance Underwriters in Anchorage, AK make a median of $81,620 a year, or about $39.24 an hour. The range runs from $47K at the entry level to $107K for experienced workers. Prices run high here (RPP 105.42), so that salary is closer to $77,424 in real purchasing power. Rent on a 2-bedroom averages $1,376/month, or 25.2% of estimated take-home pay.
So what does $82K get you in Anchorage?
Groceries, utilities, transportation, and healthcare scaled from national averages by Anchorage’s Regional Price Parity (105.42). Rent from HUD Fair Market Rents. Taxes estimated for single filer, standard deduction. * Healthcare is the employee-paid share only (premiums + out-of-pocket). Actual costs vary by coverage type: employer-sponsored, ACA marketplace, or uninsured.
About insurance underwriters
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What this looks like in Anchorage
Insurance underwriters pay in Anchorage tracks closely to the national median, $82K locally vs. $81K nationwide, a 0% difference. Rent runs $1,376/month for a 2-bedroom (HUD FMR), taking 25.1% of the median take-home. That's within the 30% rule, though not by much. Cost-of-living overall is 5% above the national average (BEA RPP 105.42), so groceries and services cost more too. Pay and costs are both near average, leaving limited margin for savings at the median wage.
Compensation breakdown
Annual earnings by percentile, Anchorage, AK
Entry-level insurance underwriters (10th percentile) start around $47K. Mid-career wages sit at $82K. Top earners bring in $107K or more, a $60K spread from bottom to top.
Insurance Underwriters pay across states
Median income ranked highest to lowest, compared to the national figure
View Insurance Underwriters salary in all states
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| Massachusetts | $107K | +31% | 2,890 |
| New Hampshire | $104K | +28% | 270 |
| Nevada | $101K | +25% | 480 |
| Connecticut | $101K | +24% | 2,010 |
| Colorado | $101K | +24% | 2,040 |
| Washington | $99K | +22% | 1,740 |
| New York | $97K | +20% | 6,900 |
| Wisconsin | $97K | +20% | 3,110 |
| New Jersey | $96K | +18% | 3,150 |
| Maine | $96K | +17% | 520 |
| California | $95K | +17% | 6,580 |
| Maryland | $92K | +13% | 1,310 |
| Illinois | $90K | +10% | N/A |
| Georgia | $86K | +6% | 7,160 |
| Rhode Island | $85K | +4% | 250 |
| South Dakota | $83K | +2% | 210 |
| Arkansas | $82K | +1% | 290 |
| District of Columbia | $82K | +1% | N/A |
| Virginia | $82K | +1% | 2,470 |
| Alaska | $82K | +0% | 100 |
| Minnesota | $81K | -1% | 2,550 |
| Missouri | $80K | -2% | 2,130 |
| Kentucky | $80K | -2% | 900 |
| South Carolina | $80K | -2% | 910 |
| Ohio | $79K | -3% | 5,110 |
| Oregon | $79K | -3% | 570 |
| Pennsylvania | $79K | -3% | 5,160 |
| Texas | $79K | -3% | 9,980 |
| Tennessee | $79K | -3% | 1,250 |
| Florida | $79K | -3% | 7,300 |
| Vermont | $78K | -4% | 210 |
| Arizona | $78K | -4% | 3,360 |
| Indiana | $77K | -5% | 2,170 |
| Michigan | $77K | -5% | 2,590 |
| North Carolina | $77K | -5% | 3,460 |
| Kansas | $77K | -5% | 1,230 |
| Louisiana | $77K | -6% | 1,050 |
| Iowa | $75K | -8% | 1,490 |
| Nebraska | $75K | -8% | 1,410 |
| North Dakota | $74K | -9% | 210 |
| Hawaii | $73K | -10% | 230 |
| Utah | $73K | -11% | 490 |
| Oklahoma | $67K | -18% | 600 |
| New Mexico | $64K | -21% | 100 |
| Montana | $63K | -22% | 140 |
| Idaho | $63K | -23% | 360 |
| Wyoming | $62K | -23% | 50 |
| Alabama | $62K | -24% | 1,540 |
| Mississippi | $59K | -27% | 600 |
Showing 1–10 of 49 states with published data
BLS does not publish data for every state when sample sizes are too small
Track insurance underwriters salary changes
BLS updates this data quarterly. We'll email you when Anchorage numbers change.
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Frequently asked questions
Can a insurance underwriter afford a 2BR apartment alone in Anchorage?
Yes — at the median salary of $82K, rent takes 25.1% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,376/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for insurance underwriters in Anchorage?
The 10th-percentile wage — what new insurance underwriters typically earn — is $47K/year. Take-home on that works out to about $2,827/month. At HUD’s $1,376/month FMR, rent would take 49% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is insurance underwriter a high-paying job in Anchorage?
Pay here is roughly in line with the national average — $82K locally vs. $81K nationally, a 0% difference.
How does Anchorage compare to the national average for insurance underwriters?
Anchorage pays $82K median vs. the U.S. average of $81K — that’s +0%. After adjusting for local cost of living (RPP 105.42), the purchasing-power equivalent is $77K — below the national median.
How much do insurance underwriters make in Anchorage, AK?
The median is $81,620 a year, that works out to about $39 an hour. But the range is wide: entry-level workers start around $47,120, and experienced insurance underwriters can clear $106,990. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $82K enough to live in Anchorage?
On that salary, you'd take home roughly $5,484/month after taxes. A 2-bedroom here rents for about $1,376/month, which eats 25.1% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a insurance underwriters salary go in Anchorage?
Anchorage has a Regional Price Parity of 105.42 (100 is the national average). Prices are above average here, so your dollar buys less than the same salary would in a cheaper metro. After cost-of-living adjustment, the median insurance underwriters salary is worth about $77,424 in national-average purchasing power.
Where do insurance underwriters get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.