Insurance Underwriters in Minnesota
Get the information you need to know about working as an Insurance Underwriter.
While jobs for Insurance Underwriters in Minnesota are decreasing, those who do work in these jobs get paid higher than average.
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Employment for Insurance Underwriters in Minnesota is expected to decrease.
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Insurance Underwriters in Minnesota earn higher salaries than the typical U.S. wage earner.
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How Many Insurance Underwriters Work in Minnesota?
There were approximately 1,620 workers employed as Insurance Underwriters in this state in 2018.
There were 1,580 Insurance Underwriters employed in this state in 2017.
That’s growth of 40 jobs between 2017 and 2018.
The typical state has 1,290 Insurance Underwriters working in it, which means Minnesota has more Insurance Underwriters than average.
Job Projections for Minnesota
Jobs for Insurance Underwriters in this state are declining at a rate of 8.5% which is a faster decline than the nationwide estimated projection of -5.3%.
Minnesota Annual Job Openings
The BLS is projecting 130 annual Insurance Underwriters job openings in Minnesota, and 1,720 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 Minnesota?
In 2018 wages for Insurance Underwriters ranged from $49,110 to $97,080 with $63,820 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $23.61 to $46.68. The median hourly rate was $30.68.
In 2017 the median pay for this field was $29.49 an hour.
The hourly rate grew by $1.19.
The median salary in Minnesota is higher than the nationwide median salary.
Top Minnesota 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 |
|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | 1,420 | $65,160 |
| Fargo, ND-MN | 140 | $63,470 |
Top States for Insurance Underwriters Employment
View the list below to see 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 MN
You may also be interested in the following careers:
| Occupation | MN Employment Total |
|---|
What Major Will Prepare You For an Insurance Underwriter Career?
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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