Insurance Underwriter Salary in Baltimore, MD
Insurance Underwriters in the Baltimore-Columbia-Towson, MD metro area earn a median $93,510 a year — 15% more than the national median. After 2026 taxes, that is $70,536 take-home, or $5,878 a month.
Take-home pay calculator
Pre-filled with the median insurance underwriter salary in Baltimore, MD. Enter your own offer to see your paycheck.
- Federal income tax$11,742
- Social Security (6.2%)$5,798
- Medicare (1.45%)$1,356
- Maryland income tax$4,078
- Take-home pay$70,536
Marginal rate: 22% federal + 4.75% state
Insurance Underwriter pay by experience in Baltimore, MD
| Percentile | Salary | Hourly | Take-home / yr | Per month |
|---|---|---|---|---|
| 10th percentile (entry level) | $57,360 | $27.58 | $45,908 | $3,826 |
| 25th percentile | $68,930 | $33.14 | $54,412 | $4,534 |
| Median (50th) | $93,510 | $44.96 | $70,536 | $5,878 |
| 75th percentile | $116,360 | $55.94 | $85,501 | $7,125 |
| 90th percentile (top earners) | $152,700 | $73.41 | $108,579 | $9,048 |
Wages: BLS Occupational Employment and Wage Statistics, May 2025. Take-home: single filer, Maryland resident, 2026 tax rules.
What $93,510 buys in Baltimore, MD
Prices in Baltimore, MD are 4.5% higher than the U.S. average (housing costs are 1.18× the national average). Adjusted for local prices, a median insurance underwriter's $70,536 take-home pay has the buying power of $67,507 in a typical American city.
Rents: HUD Fair Market Rents, FY2026 (40th-percentile gross rent incl. utilities). Price levels: BEA Regional Price Parities, 2024.
Insurance Underwriter jobs are about as common in Baltimore, MD as in the U.S. overall (location quotient 0.84).
Best-paying cities for insurance underwriters, adjusted for cost of living
Baltimore, MD ranks #12 of 43 metro areas once taxes and local prices are taken into account.
| # | Metro area | Median salary | Take-home | Real value* |
|---|---|---|---|---|
| 1 | Milwaukee, WI | $106,570 | $79,534 | $82,047 |
| 2 | Madison, WI | $95,130 | $72,093 | $74,103 |
| 3 | Hartford, CT | $100,690 | $75,702 | $73,679 |
| 4 | Denver, CO | $101,840 | $76,702 | $72,509 |
| 5 | Boston, MA | $106,170 | $78,432 | $72,444 |
| 6 | Chicago, IL | $99,840 | $74,270 | $71,693 |
| 7 | Atlanta, GA | $95,430 | $71,635 | $71,593 |
| 8 | Seattle, WA | $100,130 | $79,271 | $71,330 |
| 12 | Baltimore, MD | $93,510 | $70,536 | $67,507 |
*Take-home pay divided by the BEA price level, so every city is measured in U.S.-average dollars. See all 43 metros →
Frequently asked questions
How much does a insurance underwriter make in Baltimore, MD?
The median insurance underwriter salary in the Baltimore-Columbia-Towson, MD metro area is $93,510 a year, or about $44.96 an hour, according to the Bureau of Labor Statistics (May 2025). The middle half earn between $68,930 and $116,360.
What is a insurance underwriter’s take-home pay in Baltimore, MD?
On the median $93,510 salary, a single filer living in Maryland takes home about $70,536 a year ($5,878 a month) after federal tax, Social Security, Medicare and $4,078 in Maryland taxes in 2026.
Is Baltimore, MD a good place to work as a insurance underwriter?
Pay here is 15% above the national median of $81,370. Local prices are 4.5% above the U.S. average, so the take-home pay buys what $67,507 would in a typical U.S. city. Baltimore, MD ranks #12 of 43 metro areas for cost-of-living-adjusted pay in this job.
Can a insurance underwriter afford rent in Baltimore, MD?
HUD’s fair market rent for a one-bedroom in Baltimore, MD is $1,511 a month ($1,857 for two bedrooms) — 26% of a median insurance underwriter’s monthly take-home pay. Financial planners usually suggest keeping rent under about 30%.
Related jobs in Baltimore, MD
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