Insurance Underwriters Salary in New Mexico
SOC 13-2053 · New Mexico · BLS OEWS May 2024
The median salary for Insurance Underwriters in New Mexico is $62,400 per year ($30.00/hr). This is 21.9% lower than the national median of $79,872. The middle 50% earn between $47,528 and $99,008 annually. Top earners at the 90th percentile reach $105,622.
Wage Percentiles: New Mexico
| Percentile | Hourly Rate | Annual Salary | vs National |
|---|---|---|---|
| P10 | $22.42 | $46,634 | -9.7% |
| P25 | $22.85 | $47,528 | -24.6% |
| P50MEDIAN | $30.00 | $62,400 | -21.9% |
| P75 | $47.60 | $99,008 | -5.6% |
| P90 | $50.78 | $105,622 | -23.5% |
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 Mexico?
The median (P50) annual salary for Insurance Underwriters in New Mexico is approximately $62,400, based on BLS OEWS May 2024 data adjusted for regional cost factors. This is 21.9% lower than the national median of $79,872.
What is the salary range for entry-level insurance underwriters in New Mexico?
Entry-level Insurance Underwriters (10th percentile) in New Mexico earn approximately $46,634 per year. The 25th percentile is $47,528. Top earners (90th percentile) reach $105,622.
How does New Mexico compare to the national average for insurance underwriters?
New Mexico pays 21.9% lower than the national average. The national P50 is $79,872 vs $62,400 in New Mexico. Based on BLS national data adjusted for regional cost factors.
Insurance Underwriters Salary by Location
Other Roles in New Mexico
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