Insurance Underwriters Salary
Insurance Underwriters in Baltimore-Columbia-Towson, MD make a median of $93,510 a year, or about $44.96 an hour. The range runs from $57K at the entry level to $153K for experienced workers. Adjusted for local prices (RPP 104.49), that's roughly $89,492 in purchasing power. A 2-bedroom apartment runs $1,857/month, about 31.6% of take-home, which is tight.
So what does $94K get you in Baltimore-Columbia-Towson?
Groceries, utilities, transportation, and healthcare scaled from national averages by Baltimore-Columbia-Towson’s Regional Price Parity (104.49). 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 Baltimore-Columbia-Towson
Baltimore-Columbia-Towson sits well above the national pay line for insurance underwriters, local pay runs about 15% higher than the U.S. median of $81K. Rent runs $1,857/month for a 2-bedroom (HUD FMR), taking 31.9% of the median take-home. That's within the 30% rule, though not by much. Cost of living (RPP 104.49) is near the national average, so spending patterns here track the typical American budget fairly closely. Use the affordability calculator above to model your specific situation.
Compared to nearby metros
Median pay for insurance underwriters in metros near Baltimore-Columbia-Towson, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Hagerstown-Martinsburg | $81K | $86K |
| Philadelphia-Camden-Wilmington | $85K | $82K |
| Richmond | $81K | $83K |
| Washington-Arlington-Alexandria | $91K | $84K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Baltimore-Columbia-Towson, MD
Entry-level insurance underwriters (10th percentile) start around $57K. Mid-career wages sit at $94K. Top earners bring in $153K or more, a $95K 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 Baltimore-Columbia-Towson numbers change.
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Frequently asked questions
Can a insurance underwriter afford a 2BR apartment alone in Baltimore-Columbia-Towson?
It’s a stretch — at the median salary of $94K, rent takes 31.9% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,857/month. The 30% guideline puts the comfortable ceiling at roughly $1,700/month in rent — so roommates or a 1-bedroom would ease the math significantly.
What’s the entry-level salary for insurance underwriters in Baltimore-Columbia-Towson?
The 10th-percentile wage — what new insurance underwriters typically earn — is $57K/year. Take-home on that works out to about $3,442/month. At HUD’s $1,857/month FMR, rent would take 54% 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 Baltimore-Columbia-Towson?
Local pay is 15% above the national median — $94K here vs. $81K nationally.
How does Baltimore-Columbia-Towson compare to the national average for insurance underwriters?
Baltimore-Columbia-Towson pays $94K median vs. the U.S. average of $81K — that’s +15%. After adjusting for local cost of living (RPP 104.49), the purchasing-power equivalent is $89K — still ahead of the national median.
How much do insurance underwriters make in Baltimore-Columbia-Towson, MD?
The median is $93,510 a year, that works out to about $45 an hour. But the range is wide: entry-level workers start around $57,360, and experienced insurance underwriters can clear $152,700. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $94K enough to live in Baltimore-Columbia-Towson?
On that salary, you'd take home roughly $5,825/month after taxes. A 2-bedroom here rents for about $1,857/month, which eats 31.9% of your paycheck. That's above the 30% rule of thumb, housing will be a stretch at the median salary, though you can manage with roommates or a smaller place.
How far does a insurance underwriters salary go in Baltimore-Columbia-Towson?
Baltimore-Columbia-Towson has a Regional Price Parity of 104.49 (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 $89,492 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.