Insurance Underwriters Salary
Insurance Underwriters in Toledo, OH make a median of $59,710 a year, or about $28.71 an hour. The range runs from $46K at the entry level to $106K for experienced workers.
So what does $60K get you in Toledo?
Groceries, utilities, transportation, and healthcare scaled from national averages by Toledo’s Regional Price Parity (91.5). 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 Toledo
Pay for insurance underwriters in Toledo runs about 27% below the U.S. median of $81K. Rent runs $1,076/month for a 2-bedroom (HUD FMR), taking 26.3% of the median take-home. That's within the 30% rule, though not by much. Regional Price Parity sits at 91.5 (national = 100), meaning everyday costs run about 9% 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 Toledo, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Cincinnati | $82K | , |
| Columbus | $79K | , |
| Cleveland | $79K | , |
| Akron | $73K | , |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Toledo, OH
Entry-level insurance underwriters (10th percentile) start around $46K. Mid-career wages sit at $60K. Top earners bring in $106K or more, a $60K 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 Toledo numbers change.
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Frequently asked questions
Can a insurance underwriter afford a 2BR apartment alone in Toledo?
Yes — at the median salary of $60K, rent takes 26.3% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,076/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for insurance underwriters in Toledo?
The 10th-percentile wage — what new insurance underwriters typically earn — is $46K/year. Take-home on that works out to about $2,759/month. At HUD’s $1,076/month FMR, rent would take 39% 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 Toledo?
Local pay runs 27% below the national median — $60K here vs. $81K nationally. Cost of living is 9% below the national average, which narrows that gap in real purchasing power.
How does Toledo compare to the national average for insurance underwriters?
Toledo pays $60K median vs. the U.S. average of $81K — that’s -27%. After adjusting for local cost of living (RPP 91.5), the purchasing-power equivalent is $65K — below the national median.
How much do insurance underwriters make in Toledo, OH?
The median is $59,710 a year, that works out to about $29 an hour. But the range is wide: entry-level workers start around $45,990, and experienced insurance underwriters can clear $105,910. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $60K enough to live in Toledo?
On that salary, you'd take home roughly $4,089/month after taxes. A 2-bedroom here rents for about $1,076/month, which eats 26.3% 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 Toledo?
Toledo 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 $65,257 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.