Insurance Underwriters Salary in Maryland
SOC 13-2053 · Maryland · BLS OEWS May 2024
The median salary for Insurance Underwriters in Maryland is $88,816 per year ($42.70/hr). This is 11.2% higher than the national median of $79,872. The middle 50% earn between $66,789 and $106,954 annually. Top earners at the 90th percentile reach $133,453.
Wage Percentiles: Maryland
| Percentile | Hourly Rate | Annual Salary | vs National |
|---|---|---|---|
| P10 | $28.91 | $60,133 | +16.4% |
| P25 | $32.11 | $66,789 | +5.9% |
| P50MEDIAN | $42.70 | $88,816 | +11.2% |
| P75 | $51.42 | $106,954 | +2.0% |
| P90 | $64.16 | $133,453 | -3.3% |
Market Context Signal
Financial activities openings fell 28K but hiring actually rose 40K, bucking the broader downtrend. Quit rates at 1.2% signal deep employee retention. One of the most employer-favorable sectors.
Frequently Asked Questions
What is the median insurance underwriters salary in Maryland?
The median (P50) annual salary for Insurance Underwriters in Maryland is approximately $88,816, based on BLS OEWS May 2024 data adjusted for regional cost factors. This is 11.2% higher than the national median of $79,872.
What is the salary range for entry-level insurance underwriters in Maryland?
Entry-level Insurance Underwriters (10th percentile) in Maryland earn approximately $60,133 per year. The 25th percentile is $66,789. Top earners (90th percentile) reach $133,453.
How does Maryland compare to the national average for insurance underwriters?
Maryland pays 11.2% higher than the national average. The national P50 is $79,872 vs $88,816 in Maryland. Based on BLS national data adjusted for regional cost factors.
Insurance Underwriters Salary by Location
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