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Insurance Underwriters in Illinois

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Insurance Underwriters in Illinois

Considering a career as an Insurance Underwriter in Illinois?

-6% Jobs Projection
$70,410 Median Salary
370 Job Openings

While jobs for Insurance Underwriters in Illinois are decreasing, those who do work in these jobs get paid higher than average.

  • Employment for Insurance Underwriters in Illinois is expected to decrease.

  • Insurance Underwriters in Illinois earn higher salaries than the typical U.S. wage earner.

How Many Insurance Underwriters Work in Illinois?

In 2018, there were 5,780 Insurance Underwriters working in the state.

There were 5,920 Insurance Underwriters employed in this state in 2017.

That’s a decline of 140 jobs between 2017 and 2018.

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The typical state has 1,290 Insurance Underwriters working in it, which means Illinois has more Insurance Underwriters than average.

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Job Projections for Illinois

Jobs for Insurance Underwriters in this state are declining at a rate of 5.9% which is a faster decline than the nationwide estimated projection of -5.3%.

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Illinois Annual Job Openings

The BLS is projecting 370 annual Insurance Underwriters job openings in Illinois, and 4,910 total jobs in the year 2026.

Nationwide, the prediction is 7,500 annual jobs and 98,600 total jobs in 2026.

What do Insurance Underwriters Make in Illinois?

In 2018 wages for Insurance Underwriters ranged from $42,630 to $117,660 with $70,410 being the median annual salary.

Broken down to an hourly rate, workers in this field made anywhere from $20.5 to $56.57. The median hourly rate was $33.85.

In 2017 the median pay for this field was $34.17 an hour.

The hourly rate declined by $0.32.

The median salary in Illinois is higher than the nationwide median salary.

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Top Illinois Metros for Insurance Underwriters

The table below shows some of the metros in this state with the most Insurance Underwriters.

Metro Number Employed Annual Median Salary
Chicago-Naperville-Elgin, IL-IN-WI 4,400 $73,140
St. Louis, MO-IL 950 $77,220
Peoria, IL 160 $64,180
Davenport-Moline-Rock Island, IA-IL 140 $72,080
Springfield, IL 90 $50,120
Rockford, IL 80 $76,250

Top States for Insurance Underwriters Employment

The table below shows the states where most Insurance Underwriters work.

State Number Employed Annual Median Salary
California 9,130 $78,750
New York 8,430 $78,420
Texas 7,560 $61,240
Georgia 6,020 $73,910
Illinois 5,780 $70,410
Florida 4,970 $63,790
Pennsylvania 4,640 $71,070
Ohio 4,630 $68,190
New Jersey 3,190 $79,930
Connecticut 2,940 $70,980
Massachusetts 2,410 $76,760
Missouri 2,320 $64,660
Wisconsin 2,260 $63,490
Virginia 2,180 $64,260
North Carolina 2,010 $71,570
Iowa 1,850 $67,020
Minnesota 1,620 $63,820
Washington 1,610 $76,110
Arizona 1,570 $71,400
Nebraska 1,530 $59,960

Below are the states where Insurance Underwriters get paid the most:

State Annual Median Salary
New Hampshire $80,530
District of Columbia $80,410
New Jersey $79,930
California $78,750
New York $78,420
Massachusetts $76,760
Maryland $76,450
Washington $76,110
South Dakota $74,810
Georgia $73,910

Discover similar careers:

Occupation IL Employment Total

What Major Will Prepare You For an Insurance Underwriter Career?

References

More about our data sources and methodologies.

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