The average salary for a underwriter in Michigan is around $77,380 per year.
Avg Salary
Underwriters earn an average yearly salary of $77,380.
Wages typically start from $50,960 and go up to $123,440.
20% above national average Updated in 2025
Underwriter earnings by seniority
90th percentile
Top-level underwriter earnings begin at:
$59.35 per hour
$123,440 per year
75th percentile
Senior-level underwriter earnings begin at:
$48.01 per hour
$99,850 per year
50th percentile
Mid-level underwriter earnings begin at:
$37.20 per hour
$77,380 per year
25th percentile
Junior-level underwriter earnings begin at:
$29.77 per hour
$61,910 per year
10th percentile
Starting level underwriter earnings begin at:
$24.50 per hour
$50,960 per year
Approximate values based on highest and lowest earning segments.
Underwriter salary by state
| State Name | Average Salary |
|---|---|
| Washington | $99,400 |
| New York | $97,450 |
| Wisconsin | $97,370 |
| New Jersey | $96,220 |
| Maine | $95,510 |
| California | $95,320 |
| Maryland | $92,120 |
| Illinois | $89,620 |
| Georgia | $85,980 |
| Rhode Island | $84,720 |
| South Dakota | $83,130 |
| Arkansas | $82,130 |
| District of Columbia | $82,070 |
| Virginia | $81,870 |
| Alaska | $81,620 |
| Minnesota | $80,700 |
| Missouri | $80,040 |
| Kentucky | $79,830 |
| South Carolina | $79,570 |
| Ohio | $79,260 |
| Oregon | $79,200 |
| Pennsylvania | $78,950 |
| Texas | $78,890 |
| Tennessee | $78,840 |
| Florida | $78,720 |
| Vermont | $77,990 |
| Arizona | $77,740 |
| Indiana | $77,440 |
| Michigan | $77,380 |
| North Carolina | $77,120 |
| Kansas | $77,070 |
| Louisiana | $76,540 |
| Iowa | $75,160 |
| Nebraska | $75,120 |
| North Dakota | $74,130 |
| Hawaii | $73,260 |
| Utah | $72,730 |
| Oklahoma | $66,770 |
| New Mexico | $64,000 |
| Montana | $63,140 |
| Idaho | $62,530 |
| Wyoming | $62,290 |
| Alabama | $62,220 |
| Mississippi | $59,250 |
| Puerto Rico | $46,710 |
| West Virginia | $38,770 |
| Guam | $30,780 |
| Massachusetts | $106,640 |
| New Hampshire | $103,940 |
| Delaware | $103,670 |
| Nevada | $101,440 |
| Connecticut | $100,690 |
| Colorado | $100,640 |
How do underwriter salaries compare to similar careers?
Underwriters earn about the same as related careers in Michigan. On average, they make less than financial quantitative analysts but more than fundraisers.
| Career | Median Salary |
|---|---|
| Financial quantitative analyst salary | $75K |
| Fraud analyst salary | $75K |
| Cost estimator salary | $78K |
| Mathematician salary | $66K |
| Consultant salary | $76K |
| Underwriter salary | $77K |
| Credit analyst salary | $75K |
| Market research analyst salary | $67K |
| Insurance appraiser salary | $77K |
| Fundraiser salary | $66K |
Source: CareerExplorer (Aggregated)