Insurance Underwriters Salary in Richmond, VA
Insurance Underwriters in Richmond, VA make a median of $77,930 a year, or about $37.47 an hour. The range runs from $61K at the entry level to $131K for experienced workers. Adjusted for local prices (RPP 97.86), that's roughly $79,634 in purchasing power. A 2-bedroom apartment runs $1,655/month — about 32.3% of take-home, which is tight.
So what does $78K get you in Richmond?
Groceries, utilities, transportation, and healthcare scaled from national averages by Richmond’s Regional Price Parity (97.86). 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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Compensation breakdown
Annual earnings by percentile, Richmond, VA
Entry-level insurance underwriters (10th percentile) start around $61K. Mid-career wages sit at $78K. Top earners bring in $131K or more, a $71K spread from bottom to top.
Insurance Underwriters pay across states
Median income ranked highest to lowest, compared to the national figure
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| Vermont | $107K | +34% | 240 |
| District of Columbia | $101K | +26% | 100 |
| Massachusetts | $100K | +25% | 3,440 |
| Maine | $97K | +21% | 610 |
| New Hampshire | $96K | +20% | 320 |
| Connecticut | $95K | +20% | 2,670 |
| Washington | $95K | +19% | 2,000 |
| New Jersey | $94K | +17% | 3,170 |
| Maryland | $89K | +11% | 1,100 |
| Nevada | $87K | +9% | 520 |
| California | $87K | +9% | 7,300 |
| Illinois | $85K | +6% | 8,480 |
| New York | $84K | +5% | 7,530 |
| South Dakota | $83K | +4% | 240 |
| Kansas | $82K | +3% | 1,290 |
| Kentucky | $82K | +2% | 500 |
| South Carolina | $81K | +2% | 890 |
| Rhode Island | $81K | +1% | 310 |
| Florida | $80K | +0% | 7,430 |
| Ohio | $80K | -0% | 5,630 |
| Oregon | $79K | -1% | 630 |
| Idaho | $79K | -1% | 280 |
| Tennessee | $79K | -1% | 1,100 |
| Minnesota | $79K | -1% | 2,670 |
| Pennsylvania | $78K | -2% | 5,910 |
| Missouri | $78K | -2% | 1,910 |
| Georgia | $78K | -2% | 6,310 |
| Wisconsin | $78K | -2% | 3,440 |
| Iowa | $78K | -3% | 1,730 |
| Virginia | $77K | -3% | 2,910 |
| Michigan | $77K | -4% | 2,550 |
| Hawaii | $77K | -4% | 190 |
| Texas | $77K | -4% | 8,150 |
| Nebraska | $75K | -6% | 1,280 |
| Arizona | $74K | -8% | 3,300 |
| North Carolina | $72K | -10% | 3,230 |
| Indiana | $71K | -11% | 1,620 |
| Oklahoma | $68K | -15% | 960 |
| North Dakota | $68K | -15% | 200 |
| Delaware | $67K | -16% | N/A |
| Alabama | $64K | -20% | 1,050 |
| Arkansas | $64K | -20% | 300 |
| Louisiana | $63K | -21% | 1,140 |
| Utah | $63K | -21% | 460 |
| New Mexico | $62K | -22% | 130 |
| Alaska | $61K | -24% | 130 |
| Montana | $60K | -24% | 170 |
| Mississippi | $59K | -26% | 400 |
| West Virginia | $57K | -29% | 180 |
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 Richmond numbers change.
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Frequently asked questions
How much do insurance underwriters make in Richmond, VA?
The median is $77,930 a year, that works out to about $37 an hour. But the range is wide: entry-level workers start around $60,900, and experienced insurance underwriters can clear $131,430. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $78K enough to live in Richmond?
On that salary, you'd take home roughly $4,937/month after taxes. A 2-bedroom here rents for about $1,655/month, which eats 33.5% 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 Richmond?
Richmond has a Regional Price Parity of 97.86 (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 $79,634 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.