Insurance Underwriter salary in Minneapolis-St. Paul-Bloomington, MN-WI
Insurance Underwriters in the Minneapolis-St. Paul-Bloomington, MN-WI metro area earn a median of $82,980 a year ($39.90 an hour), based on BLS data for 1,880 workers.
Pay ranges from $61,820 for the lowest-paid 10% to $149,520 for the top 10%. That is 2% higher than the national median of $81,370. Pay here is 3% higher than the Minnesota statewide median of $80,700. There are 0.97 insurance underwriters per 1,000 jobs here — the job is 1.4× more common than nationally. The average (mean) salary is $97,900, above the median because a few high earners pull it up.
Pay range for insurance underwriters in Minneapolis-St. Paul-Bloomington, MN-WI
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $61,820 | $29.72 |
| 25th percentile | $76,530 | $36.79 |
| Median | $82,980 | $39.90 |
| 75th percentile | $125,140 | $60.17 |
| 90th percentile (top earners) | $149,520 | $71.88 |
| Average (mean) | $97,900 | $47.07 |
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 | $6,915 |
| Semi-monthly (24 a year) | $3,457.50 |
| Biweekly (26 a year) | $3,191.54 |
| Weekly | $1,595.77 |
| Hourly | $39.90 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $82,980 salary, see how much house you can afford in Minnesota 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 |
|---|---|---|
| Milwaukee-Waukesha, WI | $106,570 | 950 |
| Appleton, WI | $95,610 | 120 |
| Madison, WI | $95,130 | 480 |
| Sioux Falls, SD-MN | $77,160 | 150 |
| Fargo, ND-MN | $74,130 | 130 |
| 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 Minnesota statewide figures.
Related jobs in Minneapolis-St. Paul-Bloomington, MN-WI
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $86,500 | $41.59 |
| Financial and Investment Analysts | $103,350 | $49.69 |
| Personal Financial Advisor | $103,410 | $49.71 |
| Loan Officer | $102,200 | $49.13 |
| Tax Examiners and Collectors, and Revenue Agents | $79,000 | $37.98 |
| Financial Examiner | $104,260 | $50.13 |
| Financial Risk Specialist | $105,420 | $50.68 |
| Financial Specialists, All Other | $85,940 | $41.32 |
| Property Appraisers and Assessors | $99,800 | $47.98 |
| Credit Analyst | $84,570 | $40.66 |
| Tax Preparer | $60,650 | $29.16 |
| Budget Analyst | $84,450 | $40.60 |
| Credit Counselor | $59,750 | $28.72 |
| Market Research Analysts and Marketing Specialists | $97,910 | $47.07 |
More: Business and Financial Operations Occupations · all salaries in Minneapolis-St. Paul-Bloomington, MN-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 Minneapolis-St. Paul-Bloomington, MN-WI?
The median salary for insurance underwriters in the Minneapolis-St. Paul-Bloomington, MN-WI metro area is $82,980 a year, or $39.90 an hour. Pay ranges from $61,820 for the lowest-paid 10% to $149,520 for the top 10%.
How much do the highest-paid insurance underwriters make in Minneapolis-St. Paul-Bloomington, MN-WI?
The top 10% of insurance underwriters in the Minneapolis-St. Paul-Bloomington, MN-WI metro area earn at least $149,520 a year. The top 25% earn $125,140 or more.
What is the starting pay for insurance underwriters in Minneapolis-St. Paul-Bloomington, MN-WI?
Entry-level pay (the 10th percentile) is about $61,820 a year, and a quarter of insurance underwriters earn $76,530 or less.
How many insurance underwriters work in Minneapolis-St. Paul-Bloomington, MN-WI?
About 1,880 insurance underwriters are employed in the Minneapolis-St. Paul-Bloomington, MN-WI metro area, not counting the self-employed.