Insurance Underwriter salary in Traverse City, MI
Insurance Underwriters in the Traverse City, MI metro area earn a median of $69,500 a year ($33.41 an hour), based on BLS data for 100 workers.
Pay ranges from $61,210 for the lowest-paid 10% to $118,190 for the top 10%. That is 15% lower than the national median of $81,370. Pay here is 10% lower than the Michigan statewide median of $77,380. There are 1.5 insurance underwriters per 1,000 jobs here — the job is 2.2× more common than nationally. The average (mean) salary is $77,550, above the median because a few high earners pull it up.
Pay range for insurance underwriters in Traverse City, MI
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $61,210 | $29.43 |
| 25th percentile | $62,010 | $29.81 |
| Median | $69,500 | $33.41 |
| 75th percentile | $77,380 | $37.20 |
| 90th percentile (top earners) | $118,190 | $56.82 |
| Average (mean) | $77,550 | $37.29 |
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 | $5,791.67 |
| Semi-monthly (24 a year) | $2,895.83 |
| Biweekly (26 a year) | $2,673.08 |
| Weekly | $1,336.54 |
| Hourly | $33.41 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $69,500 salary, see how much house you can afford in Michigan 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 |
|---|---|---|
| Detroit-Warren-Dearborn, MI | $80,180 | 1,070 |
| Grand Rapids-Wyoming-Kentwood, MI | $79,560 | 400 |
| Ann Arbor, MI | $77,750 | 30 |
| Lansing-East Lansing, MI | $75,140 | 480 |
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 Michigan statewide figures.
Related jobs in Traverse City, MI
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $74,820 | $35.97 |
| Loan Officer | $63,820 | $30.68 |
| Personal Financial Advisor | $88,100 | $42.36 |
| Financial and Investment Analysts | $80,100 | $38.51 |
| Property Appraisers and Assessors | $63,880 | $30.71 |
| Market Research Analysts and Marketing Specialists | $59,460 | $28.59 |
| Human Resources Specialist | $64,480 | $31.00 |
| Project Management Specialist | $83,720 | $40.25 |
| Buyers and Purchasing Agents | $61,920 | $29.77 |
| Training and Development Specialists | $61,280 | $29.46 |
| Business Operations Specialists, All Other | $78,520 | $37.75 |
| Cost Estimator | $63,070 | $30.32 |
| Claims Adjusters, Examiners, and Investigators | $76,540 | $36.80 |
| Fundraiser | $63,400 | $30.48 |
More: Business and Financial Operations Occupations · all salaries in Traverse City, MI
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 Traverse City, MI?
The median salary for insurance underwriters in the Traverse City, MI metro area is $69,500 a year, or $33.41 an hour. Pay ranges from $61,210 for the lowest-paid 10% to $118,190 for the top 10%.
How much do the highest-paid insurance underwriters make in Traverse City, MI?
The top 10% of insurance underwriters in the Traverse City, MI metro area earn at least $118,190 a year. The top 25% earn $77,380 or more.
What is the starting pay for insurance underwriters in Traverse City, MI?
Entry-level pay (the 10th percentile) is about $61,210 a year, and a quarter of insurance underwriters earn $62,010 or less.
How many insurance underwriters work in Traverse City, MI?
About 100 insurance underwriters are employed in the Traverse City, MI metro area, not counting the self-employed.