Insurance Underwriters in Illinois
Is Illinois a good place for you to work as an Insurance Underwriter?
While jobs for Insurance Underwriters in Illinois are decreasing, those who do work in these jobs get paid higher than average.
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Employment for Insurance Underwriters in Illinois is expected to decrease.
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Insurance Underwriters in Illinois earn higher salaries than the typical U.S. wage earner.
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How Many Insurance Underwriters Work in Illinois?
In Illinois, there were 5,780 people working as Insurance Underwriters in the year 2018.
There were 5,920 Insurance Underwriters employed in this state in 2017.
That’s a decline of 140 jobs between 2017 and 2018.
The typical state has 1,290 Insurance Underwriters working in it, which means Illinois has more Insurance Underwriters than average.
Job Projections for Illinois
Jobs for Insurance Underwriters in this state are declining at a rate of 5.9% which is a faster decline than the nationwide estimated projection of -5.3%.
Illinois Annual Job Openings
The BLS is projecting 370 annual Insurance Underwriters job openings in Illinois, and 4,910 total jobs in the year 2026.
Nationwide, the prediction is 7,500 annual jobs and 98,600 total jobs in 2026.
What do Insurance Underwriters Make in Illinois?
In 2018 wages for Insurance Underwriters ranged from $42,630 to $117,660 with $70,410 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $20.5 to $56.57. The median hourly rate was $33.85.
Workers in this field were paid a median of $34.17 an hour in 2017.
The hourly rate declined by $0.32.
The median salary in Illinois is higher than the nationwide median salary.
Top Illinois Metros for Insurance Underwriters
The table below shows some of the metros in this state with the most Insurance Underwriters.
| Metro | Number Employed | Annual Median Salary |
|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI | 4,400 | $73,140 |
| St. Louis, MO-IL | 950 | $77,220 |
| Peoria, IL | 160 | $64,180 |
| Davenport-Moline-Rock Island, IA-IL | 140 | $72,080 |
| Springfield, IL | 90 | $50,120 |
| Rockford, IL | 80 | $76,250 |
Top States for Insurance Underwriters Employment
View the list below to see where most Insurance Underwriters work.
| State | Number Employed | Annual Median Salary |
|---|---|---|
| California | 9,130 | $78,750 |
| New York | 8,430 | $78,420 |
| Texas | 7,560 | $61,240 |
| Georgia | 6,020 | $73,910 |
| Illinois | 5,780 | $70,410 |
| Florida | 4,970 | $63,790 |
| Pennsylvania | 4,640 | $71,070 |
| Ohio | 4,630 | $68,190 |
| New Jersey | 3,190 | $79,930 |
| Connecticut | 2,940 | $70,980 |
| Massachusetts | 2,410 | $76,760 |
| Missouri | 2,320 | $64,660 |
| Wisconsin | 2,260 | $63,490 |
| Virginia | 2,180 | $64,260 |
| North Carolina | 2,010 | $71,570 |
| Iowa | 1,850 | $67,020 |
| Minnesota | 1,620 | $63,820 |
| Washington | 1,610 | $76,110 |
| Arizona | 1,570 | $71,400 |
| Nebraska | 1,530 | $59,960 |
Below are the states where Insurance Underwriters get paid the most:
| State | Annual Median Salary |
|---|---|
| New Hampshire | $80,530 |
| District of Columbia | $80,410 |
| New Jersey | $79,930 |
| California | $78,750 |
| New York | $78,420 |
| Massachusetts | $76,760 |
| Maryland | $76,450 |
| Washington | $76,110 |
| South Dakota | $74,810 |
| Georgia | $73,910 |
Related Careers in IL
You may also be interested in the following careers:
| Occupation | IL Employment Total |
|---|
References
- Bureau of Labor Statistics (BLS)
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By Nick Youngson under License
More about our data sources and methodologies.
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