Insurance Underwriters Salary in New Jersey
SOC 13-2053 · New Jersey · BLS OEWS May 2024
The median salary for Insurance Underwriters in New Jersey is $93,496 per year ($44.95/hr). This is 17.1% higher than the national median of $79,872. The middle 50% earn between $72,800 and $115,253 annually. Top earners at the 90th percentile reach $143,541.
Wage Percentiles: New Jersey
| Percentile | Hourly Rate | Annual Salary | vs National |
|---|---|---|---|
| P10 | $31.15 | $64,792 | +25.5% |
| P25 | $35.00 | $72,800 | +15.4% |
| P50MEDIAN | $44.95 | $93,496 | +17.1% |
| P75 | $55.41 | $115,253 | +9.9% |
| P90 | $69.01 | $143,541 | +4.0% |
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 New Jersey?
The median (P50) annual salary for Insurance Underwriters in New Jersey is approximately $93,496, based on BLS OEWS May 2024 data adjusted for regional cost factors. This is 17.1% higher than the national median of $79,872.
What is the salary range for entry-level insurance underwriters in New Jersey?
Entry-level Insurance Underwriters (10th percentile) in New Jersey earn approximately $64,792 per year. The 25th percentile is $72,800. Top earners (90th percentile) reach $143,541.
How does New Jersey compare to the national average for insurance underwriters?
New Jersey pays 17.1% higher than the national average. The national P50 is $79,872 vs $93,496 in New Jersey. Based on BLS national data adjusted for regional cost factors.
Insurance Underwriters Salary by Location
Other Roles in New Jersey
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