The average salary for a underwriter in Michigan is around $63,240 per year.
Avg Salary
Underwriters earn an average yearly salary of $63,240.
Wages typically start from $48,630 and go up to $101,760.
10% above national average Updated in 2021
Underwriter earnings by seniority
90th percentile
Top-level underwriter earnings begin at:
$48.92 per hour
$101,760 per year
75th percentile
Senior-level underwriter earnings begin at:
$38.62 per hour
$80,330 per year
50th percentile
Mid-level underwriter earnings begin at:
$30.41 per hour
$63,240 per year
25th percentile
Junior-level underwriter earnings begin at:
$28.28 per hour
$58,830 per year
10th percentile
Starting level underwriter earnings begin at:
$23.38 per hour
$48,630 per year
Approximate values based on highest and lowest earning segments.
Underwriter salary by state
| State Name | Average Salary |
|---|---|
| District of Columbia | $98,760 |
| New York | $97,070 |
| Massachusetts | $96,780 |
| Connecticut | $81,410 |
| Washington | $80,960 |
| California | $80,820 |
| Oregon | $80,160 |
| New Jersey | $80,070 |
| Nevada | $78,680 |
| Colorado | $78,160 |
| Rhode Island | $78,060 |
| New Hampshire | $77,740 |
| Wisconsin | $77,450 |
| Maryland | $77,370 |
| Ohio | $77,050 |
| Pennsylvania | $77,030 |
| Maine | $76,840 |
| Georgia | $76,710 |
| Indiana | $76,060 |
| South Dakota | $76,060 |
| Kansas | $75,370 |
| North Carolina | $73,430 |
| Arizona | $72,640 |
| Arkansas | $72,170 |
| Oklahoma | $70,250 |
| Texas | $69,610 |
| Minnesota | $67,270 |
| Alaska | $63,960 |
| Vermont | $63,960 |
| Utah | $63,850 |
| Nebraska | $63,300 |
| Florida | $63,290 |
| Michigan | $63,240 |
| Tennessee | $62,390 |
| Iowa | $62,320 |
| Alabama | $62,020 |
| Virginia | $62,020 |
| Hawaii | $61,340 |
| New Mexico | $61,320 |
| North Dakota | $60,550 |
| Illinois | $60,490 |
| South Carolina | $60,490 |
| Mississippi | $60,380 |
| Missouri | $60,310 |
| Kentucky | $59,130 |
| Louisiana | $57,660 |
| Idaho | $49,490 |
| Wyoming | $49,150 |
| Montana | $48,630 |
| Puerto Rico | $46,710 |
| West Virginia | $38,770 |
| Guam | $30,780 |
| Delaware | $103,670 |
How do underwriter salaries compare to similar careers?
Underwriters earn about the same as related careers in Michigan. On average, they make less than auditors but more than insurance appraisers.
| Career | Median Salary |
|---|---|
| Auditor salary | $72K |
| Accountant salary | $72K |
| Credit analyst salary | $77K |
| Stock trader salary | $61K |
| Securities and commodities broker salary | $61K |
| Underwriter salary | $63K |
| Market research analyst salary | $62K |
| Cost estimator salary | $63K |
| Revenue agent salary | $59K |
| Insurance appraiser salary | $63K |
Source: CareerExplorer (Aggregated)