Insurance Underwriters Salary in New York
Official Bureau of Labor Statistics Data - May 2024 - NY
Median Annual Salary in New York
$94,989
$45.67 / hour
▲ 22.0% above national avg
National Median
$77,860
$37.43 / hour nationally
COL-Adjusted Purchasing Power
$68,288
Missouri equivalent (COL: 139.1)
Insurance Underwriters Salary in New York
| Percentile | Annual Salary |
|---|---|
| 10th (Entry Level) | $50,344 |
| 25th Percentile | $68,392 |
| 50th (Median) | $94,989 |
| 75th Percentile | $131,085 |
| 90th (Top Earners) | $163,381 |
| Source: U.S. Bureau of Labor Statistics OEWS, May 2024 | |
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Cost of Living Adjusted Salary
The New York median salary of $94,989 for Insurance Underwriters has the purchasing power of approximately $68,288 in Missouri (the COL baseline state with index 100).
New York's higher cost of living (COL index: 139.1) reduces the real purchasing power of wages compared to lower-cost states.
COL data: MERIC 2024 State Cost of Living Index. Missouri = 100 baseline.
Frequently Asked Questions
How much do Insurance Underwriters make in New York?
Insurance Underwriters in New York earn a median annual salary of $94,989 per year ($45.67/hr) according to BLS OEWS data (May 2024). This is above the national median of $77,860.
Is New York a good state for Insurance Underwriters?
New York pays above the national average for insurance underwriters, making it a competitive market for this occupation. Cost of living in New York is higher average (COL index: 139.1).
What is the cost-of-living adjusted salary for Insurance Underwriters in New York?
After adjusting for cost of living (COL index: 139.1 vs. Missouri baseline of 100), the $94,989 salary in New York has the purchasing power of approximately $68,288 in Missouri. Higher living costs in New York reduce real purchasing power.
How does New York compare to neighboring states for Insurance Underwriters salaries?
For detailed comparison across all states, see the full Insurance Underwriters salary page at the national level, which includes a complete 50-state salary table.
Top Paying Jobs in New York
| # | Job Title | Median Annual |
|---|---|---|
| 1 | Anesthesiologists | $405,284 |
| 2 | Radiologists | $378,102 |
| 3 | Orthopedic Surgeons, Except Pediatric | $373,588 |
| 4 | Neurologists | $360,632 |
| 5 | Surgeons, All Other | $359,314 |
| 6 | Ophthalmologists, Except Pediatric | $331,694 |
| 7 | Psychiatrists | $304,754 |
| 8 | Physicians, Pathologists | $297,582 |
| Source: BLS OEWS May 2024 | ||
About Insurance Underwriters in New York
Insurance Underwriters work in their specialized field applying expertise and skills to deliver value in their organization. This occupation is part of the business finance sector of the U.S. economy.
Education Required: Bachelor's degree