Insurance Underwriter salary in Milwaukee-Waukesha, WI
Insurance Underwriters in the Milwaukee-Waukesha, WI metro area earn a median of $106,570 a year ($51.24 an hour), based on BLS data for 950 workers.
Pay ranges from $64,150 for the lowest-paid 10% to $134,090 for the top 10%. That is 31% higher than the national median of $81,370. Pay here is 9% higher than the Wisconsin statewide median of $97,370. There are 1.2 insurance underwriters per 1,000 jobs here — the job is 1.7× more common than nationally. The average (mean) salary is $105,930, close to the median.
Pay range for insurance underwriters in Milwaukee-Waukesha, WI
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $64,150 | $30.84 |
| 25th percentile | $77,770 | $37.39 |
| Median | $106,570 | $51.24 |
| 75th percentile | $134,090 | $64.46 |
| 90th percentile (top earners) | $134,090 | $64.46 |
| Average (mean) | $105,930 | $50.93 |
Half of insurance underwriters earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $8,880.83 |
| Semi-monthly (24 a year) | $4,440.42 |
| Biweekly (26 a year) | $4,098.85 |
| Weekly | $2,049.42 |
| Hourly | $51.24 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $106,570 salary, see how much house you can afford in Wisconsin at today's mortgage rates, or work out a payment with the mortgage calculator.
Insurance Underwriter salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Appleton, WI | $95,610 | 120 |
| Madison, WI | $95,130 | 480 |
| Minneapolis-St. Paul-Bloomington, MN-WI | $82,980 | 1,880 |
| Wausau, WI | $71,140 | 60 |
Highest-paying states for insurance underwriters
| State | Median salary |
|---|---|
| Massachusetts | $106,640 |
| New Hampshire | $103,940 |
| Nevada | $101,440 |
| Connecticut | $100,690 |
| Colorado | $100,640 |
| Washington | $99,400 |
| New York | $97,450 |
| Wisconsin | $97,370 |
| New Jersey | $96,220 |
| Maine | $95,510 |
See Insurance Underwriter pay in every state or the Wisconsin statewide figures.
Related jobs in Milwaukee-Waukesha, WI
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $80,290 | $38.60 |
| Financial and Investment Analysts | $96,700 | $46.49 |
| Personal Financial Advisor | $125,810 | $60.48 |
| Loan Officer | $83,660 | $40.22 |
| Financial Specialists, All Other | $62,510 | $30.05 |
| Credit Analyst | $71,690 | $34.47 |
| Tax Preparer | $50,430 | $24.25 |
| Property Appraisers and Assessors | $78,710 | $37.84 |
| Credit Counselor | $54,830 | $26.36 |
| Financial Examiner | $90,770 | $43.64 |
| Budget Analyst | $82,130 | $39.49 |
| Financial Risk Specialist | $100,870 | $48.49 |
| Tax Examiners and Collectors, and Revenue Agents | $69,780 | $33.55 |
| Project Management Specialist | $100,350 | $48.24 |
More: Business and Financial Operations Occupations · all salaries in Milwaukee-Waukesha, WI
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2053. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a insurance underwriter make in Milwaukee-Waukesha, WI?
The median salary for insurance underwriters in the Milwaukee-Waukesha, WI metro area is $106,570 a year, or $51.24 an hour. Pay ranges from $64,150 for the lowest-paid 10% to $134,090 for the top 10%.
How much do the highest-paid insurance underwriters make in Milwaukee-Waukesha, WI?
The top 10% of insurance underwriters in the Milwaukee-Waukesha, WI metro area earn at least $134,090 a year. The top 25% earn $134,090 or more.
What is the starting pay for insurance underwriters in Milwaukee-Waukesha, WI?
Entry-level pay (the 10th percentile) is about $64,150 a year, and a quarter of insurance underwriters earn $77,770 or less.
How many insurance underwriters work in Milwaukee-Waukesha, WI?
About 950 insurance underwriters are employed in the Milwaukee-Waukesha, WI metro area, not counting the self-employed.