Insurance Underwriters Salary
Insurance Underwriters in Cleveland, OH make a median of $78,610 a year, or about $37.8 an hour. The range runs from $48K at the entry level to $135K for experienced workers. Cost of living is below average (RPP 93.92), which stretches that salary to about $83,699 in buying power. Rent on a 2-bedroom averages $1,279/month, or 24.8% of estimated take-home pay.
So what does $79K get you in Cleveland?
Groceries, utilities, transportation, and healthcare scaled from national averages by Cleveland’s Regional Price Parity (93.92). 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 Cleveland
Insurance underwriters pay in Cleveland tracks closely to the national median, $79K locally vs. $81K nationwide, a 3% difference. Housing is manageable: a 2-bedroom at the HUD median costs $1,279/month, 24.7% of take-home, well inside the 30% guideline. Regional Price Parity sits at 93.92 (national = 100), meaning everyday costs run about 6% cheaper here. Your dollar stretches further than the headline salary suggests. Use the affordability calculator above to model your specific situation.
Compared to nearby metros
Median pay for insurance underwriters in metros near Cleveland, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Cincinnati | $82K | $86K |
| Columbus | $79K | $83K |
| Akron | $73K | $78K |
| Toledo | $60K | $65K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Cleveland, OH
Entry-level insurance underwriters (10th percentile) start around $48K. Mid-career wages sit at $79K. Top earners bring in $135K or more, a $87K 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 Cleveland numbers change.
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Frequently asked questions
Can a insurance underwriter afford a 2BR apartment alone in Cleveland?
Yes — at the median salary of $79K, rent takes 24.7% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,279/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for insurance underwriters in Cleveland?
The 10th-percentile wage — what new insurance underwriters typically earn — is $48K/year. Take-home on that works out to about $2,888/month. At HUD’s $1,279/month FMR, rent would take 44% 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 Cleveland?
Pay here is roughly in line with the national average — $79K locally vs. $81K nationally, a 3% difference.
How does Cleveland compare to the national average for insurance underwriters?
Cleveland pays $79K median vs. the U.S. average of $81K — that’s -3%. After adjusting for local cost of living (RPP 93.92), the purchasing-power equivalent is $84K — still ahead of the national median.
How much do insurance underwriters make in Cleveland, OH?
The median is $78,610 a year, that works out to about $38 an hour. But the range is wide: entry-level workers start around $48,140, and experienced insurance underwriters can clear $134,640. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $79K enough to live in Cleveland?
On that salary, you'd take home roughly $5,185/month after taxes. A 2-bedroom here rents for about $1,279/month, which eats 24.7% 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 Cleveland?
Cleveland has a Regional Price Parity of 93.92 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median insurance underwriters salary is worth about $83,699 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.