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Insurance Underwriters in Minnesota

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Insurance Underwriters in Minnesota

Get the information you need to know about working as an Insurance Underwriter.

-8% Jobs Projection
$63,820 Median Salary
130 Job Openings

While jobs for Insurance Underwriters in Minnesota are decreasing, those who do work in these jobs get paid higher than average.

  • Employment for Insurance Underwriters in Minnesota is expected to decrease.

  • Insurance Underwriters in Minnesota earn higher salaries than the typical U.S. wage earner.

How Many Insurance Underwriters Work in Minnesota?

There were approximately 1,620 workers employed as Insurance Underwriters in this state in 2018.

There were 1,580 Insurance Underwriters employed in this state in 2017.

That’s growth of 40 jobs between 2017 and 2018.

Insurance Underwriters in MN Employment Trend

The typical state has 1,290 Insurance Underwriters working in it, which means Minnesota has more Insurance Underwriters than average.

Insurance Underwriters in MN vs. the Average State

Job Projections for Minnesota

Jobs for Insurance Underwriters in this state are declining at a rate of 8.5% which is a faster decline than the nationwide estimated projection of -5.3%.

Job Projections for Insurance Underwriters: Nation vs. MN

Minnesota Annual Job Openings

The BLS estimates there will be 130 annual job openings, and 1,720 total jobs in 2026 for Insurance Underwriters in this state.

Nationwide, the prediction is 7,500 annual jobs and 98,600 total jobs in 2026.

What do Insurance Underwriters Make in Minnesota?

In 2018 wages for Insurance Underwriters ranged from $49,110 to $97,080 with $63,820 being the median annual salary.

Broken down to an hourly rate, workers in this field made anywhere from $23.61 to $46.68. The median hourly rate was $30.68.

In 2017 the median pay for this field was $29.49 an hour.

The hourly rate grew by $1.19.

The median salary in Minnesota is higher than the nationwide median salary.

Insurance Underwriters Earnings: MN vs. National Average

Top Minnesota 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
Minneapolis-St. Paul-Bloomington, MN-WI 1,420 $65,160
Fargo, ND-MN 140 $63,470

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

You may also be interested in the following careers:

Occupation MN Employment Total
Financial Analysts 6,320
Personal Financial Advisors 3,720

References

More about our data sources and methodologies.

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