Insurance Underwriters in Massachusetts
Is Massachusetts a good place for you to work as an Insurance Underwriter?
While jobs for Insurance Underwriters in Massachusetts are decreasing, those who do work in these jobs get paid higher than average.
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Employment for Insurance Underwriters in Massachusetts is expected to decrease.
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Insurance Underwriters in Massachusetts earn higher salaries than the typical U.S. wage earner.
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How Many Insurance Underwriters Work in Massachusetts?
In Massachusetts, there were 2,410 people working as Insurance Underwriters in the year 2018.
There were 3,190 Insurance Underwriters employed in this state in 2017.
That’s a decline of 780 jobs between 2017 and 2018.
The typical state has 1,290 Insurance Underwriters working in it, which means Massachusetts has more Insurance Underwriters than average.
Job Projections for Massachusetts
Jobs for Insurance Underwriters in this state are declining at a rate of 6.3% which is a faster decline than the nationwide estimated projection of -5.3%.
Massachusetts Annual Job Openings
The BLS estimates 280 annual job openings, and a total of 3,710 jobs for Massachusetts Insurance Underwriters in 2026.
Nationwide, the prediction is 7,500 annual jobs and 98,600 total jobs in 2026.
What do Insurance Underwriters Make in Massachusetts?
In 2018 wages for Insurance Underwriters ranged from $48,660 to $126,540 with $76,760 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $23.4 to $60.84. The median hourly rate was $36.91.
In 2017 the median pay for this field was $38.07 an hour.
The hourly rate declined by $1.16.
The median salary in Massachusetts is higher than the nationwide median salary.
Top Massachusetts 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 |
|---|---|---|
| Boston-Cambridge-Nashua, MA-NH | 1,870 | $76,910 |
| Providence-Warwick, RI-MA | 510 | $69,010 |
| Worcester, MA-CT | 260 | $72,310 |
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 |
Related Careers in MA
Discover similar careers:
| Occupation | MA Employment Total |
|---|
References
- Bureau of Labor Statistics (BLS)
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By Nick Youngson under License
More about our data sources and methodologies.
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