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Insurance Underwriter Salary Information in Massachusetts

The average annual and hourly salaries for insurance underwriters in the state of Massachusetts are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of insurance underwriters among Massachusetts metropolitan areas is shown in Table 3. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2017 and published in April 2018 [1].

Table 1 & 2. Annual & Hourly Salary of Insurance Underwriters in Massachusetts

Percentile BracketAverage Annual Salary
10th Percentile Wage
$50,210
25th Percentile Wage
$62,360
50th Percentile Wage
$79,190
75th Percentile Wage
$103,090
90th Percentile Wage
$143,760

Table 1 shows the average annual salary for insurance underwriters in Massachusetts in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $143,760. The median (50th percentile) annual salary is $79,190. The average annual salary for the bottom 10 percent is $50,210.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of insurance underwriters from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$79,190
0.64% 12.79%
2016
$78,680
4.88% -
2015
$74,840
6.47% -
2014
$70,000
1.96% -
2013
$68,630
-0.63% -
2012
$69,060
- -

Table 3. Median Annual Salary of Insurance Underwriters in Massachusetts Cities

Table 3 shows the median annual salary of insurance underwriters in some Massachusetts cities and metropolitan areas. We note that the median annual salary of insurance underwriters in state of Massachusetts ranges from $62,910 to $80,340. The highest paying area for insurance underwriters in Massachusetts is Boston-Cambridge-Quincy with a median annual salary of $80,340. The second highest paying city/area in Massachusetts State is Boston-Cambridge-Quincy (mean annual salary $80,220). The lowest paying area is Springfield with a median annual salary of $62,910.

Cities/Areas Median Annual Salary
Boston-Cambridge-Quincy
$80,340
Boston-Cambridge-Quincy
$80,220
Peabody
$77,420
Brockton-Bridgewater-Easton
$77,180
Framingham
$73,680
Worcester
$71,450
Springfield
$62,910




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