Insurance Underwriters Salary
Insurance Underwriters in Colorado Springs, CO make a median of $93,960 a year, or about $45.17 an hour. The range runs from $57K at the entry level to $162K for experienced workers.
So what does $94K get you in Colorado Springs?
About insurance underwriters
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Compared to nearby metros
Median pay for insurance underwriters in metros near Colorado Springs, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Denver-Aurora-Centennial | $102K | , |
| Phoenix-Mesa-Chandler | $78K | $75K |
| Omaha | $70K | $76K |
| Salt Lake City-Murray | $73K | $72K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Colorado Springs, CO
Entry-level insurance underwriters (10th percentile) start around $57K. Mid-career wages sit at $94K. Top earners bring in $162K or more, a $105K 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
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 Colorado Springs numbers change.
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Frequently asked questions
Can a insurance underwriter afford a 2BR apartment alone in Colorado Springs?
It’s a stretch — at the median salary of $94K, rent takes 34.9% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $2,044/month. The 30% guideline puts the comfortable ceiling at roughly $1,800/month in rent — so roommates or a 1-bedroom would ease the math significantly.
What’s the entry-level salary for insurance underwriters in Colorado Springs?
The 10th-percentile wage — what new insurance underwriters typically earn — is $57K/year. Take-home on that works out to about $3,394/month.
Is insurance underwriter a high-paying job in Colorado Springs?
Local pay is 15% above the national median — $94K here vs. $81K nationally.
How does Colorado Springs compare to the national average for insurance underwriters?
Colorado Springs pays $94K median vs. the U.S. average of $81K — that’s +15%.
How much do insurance underwriters make in Colorado Springs, CO?
The median is $93,960 a year, that works out to about $45 an hour. But the range is wide: entry-level workers start around $56,560, and experienced insurance underwriters can clear $161,880. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $94K enough to live in Colorado Springs?
On that salary, you'd take home roughly $5,863/month after taxes. A 2-bedroom here rents for about $2,044/month, which eats 34.9% 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 Colorado Springs?
Colorado Springs has a Regional Price Parity of 100 (100 is the national average). That's right at the national average. After cost-of-living adjustment, the median insurance underwriters salary is worth about $93,960 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.