Insurance Underwriters pay in Massachusetts
In Massachusetts, the median pay for insurance underwriters is $51.27 an hour ($106,640 a year). About 2,890 people work in this job there.
That is 31% higher than the U.S. median ($81,370). Massachusetts ranks 1st of 49 states and territories for this job’s median pay.
Pay range for insurance underwriters in Massachusetts
| Earns more than | Hourly | Yearly |
|---|---|---|
| 10% of workers | $33.94 | $70,590 |
| 25% of workers | $38.58 | $80,250 |
| Half of workers (median) | $51.27 | $106,640 |
| 75% of workers | $64.96 | $135,110 |
| 90% of workers | $80.57 | $167,590 |
Insurance Underwriters pay in Massachusetts metro areas
| Metro area | Median yearly pay | People in this job |
|---|---|---|
| Springfield | $115,420 | 130 |
| Boston-Cambridge-Newton | $106,170 | 2,080 |
| Worcester | $98,000 | 310 |
Massachusetts unemployment rate: 4.3% (August 2026), U.S. Bureau of Labor Statistics.
Education, experience and outlook for insurance underwriters
- Typical education to start: Bachelor's degree (BLS)
- Related work experience most have: 1 to 2 years (O*NET)
- Training on the job: Moderate-term on-the-job training (BLS)
- Job outlook: -3.8% over ten years, declining · about 6,800 openings a year (BLS)
Related jobs in Massachusetts
| Job | Median yearly pay |
|---|---|
| Accountants and Auditors | $99,460 |
| Financial and Investment Analysts | $111,040 |
| Loan Officers | $101,600 |
| Tax Preparers | $58,400 |
| Financial Risk Specialists | $130,400 |
| Credit Analysts | $97,080 |
| Budget Analysts | $92,260 |
| Tax Examiners and Collectors, and Revenue Agents | $75,560 |
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Post a job freeFind jobsCheck pay for any jobSource: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates. Figures are for wage and salary workers and do not include the self-employed. The median is the middle wage: half earn more, half earn less. Other job titles: O*NET 31.0 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under the CC BY 4.0 license; O*NET® is a trademark of USDOL/ETA. JAI Bot has modified this information; USDOL/ETA has not approved, endorsed, or tested these modifications.