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Insurance Underwriter Salary Information in New Jersey

The average annual and hourly salaries for insurance underwriters in the state of New Jersey are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of insurance underwriters amongst New Jersey 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 New Jersey

Percentile BracketAverage Annual Salary
10th Percentile Wage
$50,760
25th Percentile Wage
$64,470
50th Percentile Wage
$83,960
75th Percentile Wage
$109,410
90th Percentile Wage
$159,740

Table 1 shows the average annual salary for insurance underwriters in New Jersey in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $159,740. The median (50th percentile) annual salary is $83,960. The average annual salary for the bottom 10 percent is $50,760.

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
$83,960
1.69% 8.28%
2016
$82,540
0.24% -
2015
$82,340
-1.17% -
2014
$83,300
0.40% -
2013
$82,970
7.18% -
2012
$77,010
- -

Table 3. Median Annual Salary of Insurance Underwriters in New Jersey Cities

Table 3 shows the median annual salary of insurance underwriters in some New Jersey cities and metropolitan areas. We note that the median annual salary of insurance underwriters in state of New Jersey ranges from $60,490 to $85,110. The highest paying area for insurance underwriters in New Jersey is Camden with a median annual salary of $85,110. The second highest paying city/area in New Jersey State is Edison-New Brunswick (mean annual salary $79,220). The lowest paying area is Atlantic City-Hammonton with a median annual salary of $60,490.

Cities/Areas Median Annual Salary
Camden
$85,110
Edison-New Brunswick
$79,220
Trenton-Ewing
$74,700
Wilmington
$67,650
Atlantic City-Hammonton
$60,490




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