Insurance Underwriters pay range in Minneapolis
New workers and the lowest-paid 10% earn about $61,820 a year or less, while the top 10% make $149,520 or more. The middle half of insurance underwriters in Minneapolis earn between $76,530 and $125,140.
- $62K10th
- $77K25th
- $83KMedian
- $125K75th
- $150K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $97,900 | $8,158 | $47.07 |
| Median | $82,980 | $6,915 | $39.89 |
| Entry level (25th percentile) | $76,530 | $6,378 | $36.79 |
| Experienced (75th percentile) | $125,140 | $10,428 | $60.16 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Insurance Underwriters pay in Minneapolis vs. Minnesota and the U.S.
Insurance underwriters in Minneapolis earn about the same as the Minnesota average ($95,750) and 4% more than the U.S. average ($93,700). At the median the gap is +2% against the U.S. median of $81,370.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Minneapolis | $97,900 | $82,980 | $61,820 | $149,520 | 1,880 |
| Minnesota | $95,750 | $80,700 | $60,350 | $138,710 | 2,550 |
| United States | $93,700 | $81,370 | $55,530 | $145,160 | 105,420 |
State and U.S. rows: BLS statewide and national estimates, May 2025, which include rural areas.
Insurance Underwriters salary after taxes in Minneapolis
On the average salary of $97,900, a single filer in Minneapolis takes home about $72,569 a year, or $6,047 a month and $2,791 every two weeks. Taxes take 26% of gross pay.
The Minneapolis-St. Paul-Bloomington, MN-WI metro area crosses state lines, so take-home pay depends on the state where you work:
| State | Per year | Per month |
|---|---|---|
| Working in WI | $73,400 | $6,117 |
| Working in MN | $72,569 | $6,047 |
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2026 rules). Minnesota Paid Leave premiums are not included.
Is Minneapolis a good place for insurance underwriters? Pay vs. cost of living
Prices in the Minneapolis area are 5% above the U.S. average (BEA price parity 104.8), so the average $97,900 buys what about $93,396 would buy in a typical U.S. metro. This job pays 1.4 times the median wage of all jobs in Minneapolis ($59,320). A typical home costs $393,774, or 4.0 years of this average salary before tax.
Insurance Underwriters salary in nearby metro areas
- Wausau, WI$77,810
- Sioux Falls, SD$99,740
- Fargo, ND$81,200
- Dubuque, IA$78,910
- Cedar Rapids, IA$77,480
- Madison, WI$95,010
Highest-paying cities for insurance underwriters
Bridgeport, CT pays this job the most of the metro areas we cover ($127,970).
- Bridgeport, CT$127,970
- Boston, MA$115,600
- Denver, CO$115,260
- Seattle, WA$114,200
- Manchester, NH$112,530
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Insurance Underwriters salary in Minneapolis: questions
How much do insurance underwriters make an hour in Minneapolis?
$47.07 an hour on average, and $39.90 at the median (BLS, May 2025).
What is the entry-level insurance underwriters salary in Minneapolis?
The lowest-paid 10% earn about $61,820 a year and the 25th percentile is $76,530, a fair guide to starting pay.
What is the insurance underwriters take-home pay in Minneapolis?
About $72,569 a year ($6,047 a month) for a single filer on the average salary of $97,900. Minnesota Paid Leave premiums are not included.
Do insurance underwriters earn more in Minneapolis than elsewhere?
The average here is 4% more than the U.S. average for this job ($93,700).
Sources and how to read this page
- Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 13-2053; area Minneapolis-St. Paul-Bloomington, MN-WI (33460). Relative standard error of the mean wage: 2.4%.
- U.S. and statewide figures: BLS OEWS national and state estimates, May 2025, every employer including rural areas.
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
- Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
- Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2026 rules). Minnesota Paid Leave premiums are not included.
- Job concentration: location quotient 1.42, this job is 1.4 times as concentrated as in the U.S. overall.
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