Insurance Underwriters Salary in Chicago, IL-IN

BLS Occupational Employment & Wage Statistics • May 2025 • Chicago-Naperville-Elgin, IL-IN

Median annual salary $98,860 +23.8% vs national
Median hourly $47.53
10th percentile $60,490
90th percentile $160,620
Employed locally 4,620
National median $79,880

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Insurance Underwriters
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Chicago, IL-IN
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    Salary percentile breakdown

    10th
    $60,490
    25th
    $77,880
    50th (median)
    $98,860
    75th
    $129,400
    90th
    $160,620

    Chicago economic context

    Unemployment rate 5.10% 2024 annual avg • BLS LAUS
    Median household income $88,850 2023 • Census ACS
    Insurance Underwriters salary vs area income 111% Median Insurance Underwriters salary is 11% above the area median household income

    Top-paying metros for Insurance Underwriters

    Metro areaMedian salary
    Southwest Maine nonmetropolitan area $129,950
    Vermont $106,790
    Northern Vermont nonmetropolitan area $106,790
    Denver-Aurora-Centennial, CO $106,380
    Boston-Cambridge-Newton, MA-NH $103,270
    District of Columbia $100,660

    Nearby metros — Insurance Underwriters salary comparison

    Metro areaMedian salary
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD $93,240
    Springfield, IL $92,290
    Northwest Illinois nonmetropolitan area $91,070
    Rockford, IL $89,410
    Milwaukee-Waukesha, WI $87,950
    Illinois $84,580

    Related occupations in Chicago, IL-IN

    OccupationMedian salary
    Accountants and Auditors $81,210
    Management Analysts $120,140
    Business Operations Specialists, All Other $78,320
    Market Research Analysts and Marketing Specialists $76,380
    Human Resources Specialists $75,610
    Project Management Specialists $104,640

    Frequently asked questions

    How much do Insurance Underwriters make per hour in Chicago?

    The median hourly wage for Insurance Underwriters in Chicago, IL-IN is $47.53, based on BLS OEWS 2025 data. Top earners (90th percentile) make $79.06 or more per hour.

    Is Chicago above or below average for Insurance Underwriters salaries?

    The median Insurance Underwriters salary in Chicago, IL-IN is 23.8% above the national median of $79,880. The national figure is from BLS OEWS 2025 data covering all US metropolitan areas.

    What is the entry-level salary for Insurance Underwriters in Chicago?

    Entry-level Insurance Underwriters (10th percentile) earn around $60,490 per year in Chicago, IL-IN. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $77,880.