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Insurance Underwriters in New York

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Insurance Underwriters in New York

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

-8% Jobs Projection
$78,420 Median Salary
560 Job Openings

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

  • Employment for Insurance Underwriters in New York is expected to decrease.

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

How Many Insurance Underwriters Work in New York?

In New York, there were 8,430 people working as Insurance Underwriters in the year 2018.

There were 7,930 Insurance Underwriters employed in this state in 2017.

That’s growth of 500 jobs between 2017 and 2018.

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

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Job Projections for New York

Jobs for Insurance Underwriters in this state are declining at a rate of 8.2% which is a faster decline than the nationwide estimated projection of -5.3%.

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New York Annual Job Openings

The BLS is projecting 560 annual Insurance Underwriters job openings in New York, and 7,590 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 New York?

In 2018 wages for Insurance Underwriters ranged from $46,260 to $156,620 with $78,420 being the median annual salary.

Broken down to an hourly rate, workers in this field made anywhere from $22.24 to $75.3. The median hourly rate was $37.7.

Workers in this field were paid a median of $39.64 an hour in 2017.

The hourly rate declined by $1.94.

The median salary in New York is higher than the nationwide median salary.

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Top New York 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
Buffalo-Cheektowaga-Niagara Falls, NY 620 $71,610
Albany-Schenectady-Troy, NY 530 $71,380
Utica-Rome, NY 340 $80,720
Syracuse, NY 210 $82,990
Rochester, NY 110 $64,450
Binghamton, NY 50 $60,110
Ithaca, NY 40 $60,590

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 NY Employment Total

References

More about our data sources and methodologies.

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