Insurance Underwriters Salary
Insurance Underwriters in Maine make a median of $95,510 a year, or about $45.92 an hour. The range runs from $63K at the entry level to $133K for experienced workers. Adjusted for local prices (RPP 97.7), that's roughly $97,758 in purchasing power. Rent on a 2-bedroom averages $1,281/month, or 21.4% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across Maine. Jump to a metro for precise data:
So what does $96K get you in Maine?
About insurance underwriters
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What this looks like in Maine
Maine sits well above the national pay line for insurance underwriters, local pay runs about 17% higher than the U.S. median of $81K. Housing is manageable: a 2-bedroom at the HUD median costs $1,281/month, 21.9% of take-home, well inside the 30% guideline. Cost of living (RPP 97.7) is near the national average, so spending patterns here track the typical American budget fairly closely. Combined with manageable housing costs, Maine offers a genuinely strong financial position for insurance underwriterss at the median.
Compensation breakdown
Annual earnings by percentile, Maine
Entry-level insurance underwriters (10th percentile) start around $63K. Mid-career wages sit at $96K. Top earners bring in $133K or more, a $71K spread from bottom to top.
Insurance Underwriters salary by metro in Maine
1 metro area with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Portland-South Portland | $92K | -3% | 330 |
Compare to other states
Track insurance underwriters salary changes
BLS updates this data quarterly. We'll email you when Maine numbers change.
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Frequently asked questions
Can a insurance underwriter afford a 2BR apartment alone in Maine?
Yes — at the median salary of $96K, rent takes 21.9% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,281/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for insurance underwriters in Maine?
The 10th-percentile wage — what new insurance underwriters typically earn — is $63K/year. Take-home on that works out to about $3,764/month. At HUD’s $1,281/month FMR, rent would take 34% 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 Maine?
Local pay is 17% above the national median — $96K here vs. $81K nationally.
How does Maine compare to the national average for insurance underwriters?
Maine pays $96K median vs. the U.S. average of $81K — that’s +17%. After adjusting for local cost of living (RPP 97.7), the purchasing-power equivalent is $98K — still ahead of the national median.
How much do insurance underwriters make in Maine?
The median is $95,510 a year, that works out to about $46 an hour. But the range is wide: entry-level workers start around $62,730, and experienced insurance underwriters can clear $133,390. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $96K enough to live in Maine?
On that salary, you'd take home roughly $5,855/month after taxes. A 2-bedroom here rents for about $1,281/month, which eats 21.9% 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 Maine?
Maine has a Regional Price Parity of 97.7 (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 $97,758 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.