Insurance Underwriters in New Jersey
Is New Jersey a good place for you to work as an Insurance Underwriter?
While jobs for Insurance Underwriters in New Jersey are decreasing, those who do work in these jobs get paid higher than average.
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Employment for Insurance Underwriters in New Jersey is expected to decrease.
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Insurance Underwriters in New Jersey earn higher salaries than the typical U.S. wage earner.
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How Many Insurance Underwriters Work in New Jersey?
3,190 people worked as Insurance Underwriters in 2018 in this state.
There were 3,230 Insurance Underwriters employed in this state in 2017.
That’s a decline of 40 jobs between 2017 and 2018.
The typical state has 1,290 Insurance Underwriters working in it, which means New Jersey has more Insurance Underwriters than average.
Job Projections for New Jersey
Jobs for Insurance Underwriters in this state are declining at a rate of 6.8% which is a faster decline than the nationwide estimated projection of -5.3%.
New Jersey Annual Job Openings
The BLS estimates there will be 240 annual job openings, and 3,270 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 New Jersey?
In 2018 wages for Insurance Underwriters ranged from $46,620 to $140,080 with $79,930 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $22.41 to $67.35. The median hourly rate was $38.43.
In 2017 the median pay for this field was $40.37 an hour.
The hourly rate declined by $1.94.
The median salary in New Jersey is higher than the nationwide median salary.
Top New Jersey 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 |
|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA | 8,250 | $80,870 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | 3,170 | $76,170 |
| Trenton, NJ | 360 | $73,030 |
| Atlantic City-Hammonton, NJ | 110 | $65,380 |
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 NJ
You may also be interested in the following careers:
| Occupation | NJ 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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