Insurance Underwriters Salary in Richmond, VA

BLS Occupational Employment & Wage Statistics • May 2025 • Richmond, VA

Median annual salary $77,930 -2.4% vs national
Median hourly $37.47
10th percentile $60,900
90th percentile $131,430
Employed locally 970
National median $79,880

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Insurance Underwriters
in
Richmond, VA
vs

    Salary percentile breakdown

    10th
    $60,900
    25th
    $64,430
    50th (median)
    $77,930
    75th
    $102,750
    90th
    $131,430

    Richmond economic context

    Unemployment rate 3.00% 2024 annual avg • BLS LAUS
    Median household income $84,405 2023 • Census ACS
    Insurance Underwriters salary vs area income 92% Median Insurance Underwriters salary is 8% below 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
    San Jose-Sunnyvale-Santa Clara, CA $95,830
    Washington-Arlington-Alexandria, DC-VA-MD-WV $89,630
    Savannah, GA $88,000
    Nevada $87,290
    Portland-Vancouver-Hillsboro, OR-WA $81,480
    Spokane-Spokane Valley, WA $81,240

    Related occupations in Richmond, VA

    OccupationMedian salary
    Accountants and Auditors$79,620
    Management Analysts$93,950
    Business Operations Specialists, All Other$77,170
    Project Management Specialists$100,540
    Human Resources Specialists$74,990
    Market Research Analysts and Marketing Specialists$81,240

    Frequently asked questions

    How much do Insurance Underwriters make per hour in Richmond?

    The median hourly wage for Insurance Underwriters in Richmond, VA is $37.47, based on BLS OEWS 2025 data. Top earners (90th percentile) make $62.26 or more per hour.

    Is Richmond above or below average for Insurance Underwriters salaries?

    The median Insurance Underwriters salary in Richmond, VA is 2.4% below 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 Richmond?

    Entry-level Insurance Underwriters (10th percentile) earn around $60,900 per year in Richmond, VA. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $64,430.