SalaryByCity

Insurance Underwriters Salary in Chicago, IL-IN-WI

2024 wage data from the Bureau of Labor Statistics

Median Salary
$98,860
Average Salary
$106,750
vs National
+$18,980
Employed
4,620

Salary Overview

Insurance Underwriters is a above-average occupation in Chicago, IL-IN-WI, with a median annual salary of $98,860. Insurance Underwriterss in Chicago, IL-IN-WI earn $18,980 more (24%) than the national median of $79,880. Experienced Insurance Underwriterss can expect to roughly double their starting salary over their career.

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Insurance Underwriterss in Chicago, IL-IN-WI earn $18,980 more (24%) than the national median of $79,880.

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About 4,620 Insurance Underwriterss work in Chicago, IL-IN-WI, indicating a healthy local job market.

Cost of Living Consideration

When evaluating this salary, factor in Chicago, IL-IN-WI's cost of living. Housing, transportation, and taxes vary significantly between cities and can impact how far your paycheck goes.

Salary Distribution

$60,490$160,620
10th %ileMedian: $98,86090th %ile
PercentileAnnual SalaryMonthly
10th Percentile$60,490$5,041
25th Percentile$77,880$6,490
Median$98,860$8,238
75th Percentile$129,400$10,783
90th Percentile$160,620$13,385
Mean (Average)$106,750$8,896

Insurance Underwriters Salary in Other Cities

Metro AreaMedian Salary
Denver-Aurora-Lakewood, CO$106,380
Boston-Cambridge-Nashua, MA-NH$103,270
Chicago-Naperville-Elgin, IL-IN-WI$98,860
Seattle-Tacoma-Bellevue, WA$98,500
Hartford-East Hartford-Middletown, CT$98,400
Las Vegas-Henderson-Paradise, NV$98,280
San Francisco-Oakland-Berkeley, CA$94,210
Los Angeles-Long Beach-Anaheim, CA$93,760
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD$93,240
Baltimore-Columbia-Towson, MD$89,990

Highest Paying Jobs in Chicago, IL-IN-WI

OccupationMedian Salary
Family Medicine Physicians$182,830
Lawyers$166,090
Financial Managers$164,470
Natural Sciences Managers$161,340
Architectural and Engineering Managers$159,110
Marketing Managers$158,800
Computer Network Architects$140,760
Human Resources Managers$137,760
Managers, All Other$137,040
Database Administrators$134,900

Explore More About This Area

Cost of Living in Chicago, IL-IN-WICity Guide: Chicago, IL-IN-WI

Frequently Asked Questions

What is the average Insurance Underwriters salary in Chicago, IL-IN-WI?
The median annual salary for a Insurance Underwriters in Chicago, IL-IN-WI is $98,860 as of 2024. The average (mean) salary is $106,750.
What is the salary range for Insurance Underwriters in Chicago, IL-IN-WI?
Insurance Underwriters salaries in Chicago, IL-IN-WI range from $60,490 (10th percentile) to $160,620 (90th percentile). The middle 50% earn between $77,880 and $129,400.
How many Insurance Underwriters work in Chicago, IL-IN-WI?
There are approximately 4,620 Insurance Underwriters employed in the Chicago, IL-IN-WI metropolitan area.
Is Insurance Underwriters a good career in Chicago, IL-IN-WI?
Insurance Underwriters is a above-average occupation in Chicago, IL-IN-WI, with a median annual salary of $98,860. Insurance Underwriterss in Chicago, IL-IN-WI earn $18,980 more (24%) than the national median of $79,880. Experienced Insurance Underwriterss can expect to roughly double their starting salary over their career.
What is the earning potential for Insurance Underwriterss?
Experienced Insurance Underwriterss can expect to roughly double their starting salary over their career. Specialization and leadership roles offer the best path to higher earnings.
Is the Insurance Underwriters salary enough to live in Chicago, IL-IN-WI?
When evaluating this salary, factor in Chicago, IL-IN-WI's cost of living. Housing, transportation, and taxes vary significantly between cities and can impact how far your paycheck goes.