Insurance Underwriter Salary in New York, NY
Insurance Underwriters in the New York-Newark-Jersey City, NY-NJ metro area earn a median $98,410 a year — 21% more than the national median. After 2026 taxes, that is $73,295 take-home, or $6,108 a month.
Take-home pay calculator
Pre-filled with the median insurance underwriter salary in New York, NY. Enter your own offer to see your paycheck.
- Federal income tax$12,820
- Social Security (6.2%)$6,101
- Medicare (1.45%)$1,427
- New York income tax$4,766
- Take-home pay$73,295
Marginal rate: 22% federal + 5.90% state
Living in New York City? City residents also pay New York City’s city income tax — about $3,379 a year on this salary — which lowers take-home pay to $69,916 ($5,826 a month). Choose “New York City” under City income tax in the calculator. Suburban residents usually don’t pay it.
The New York-Newark-Jersey City, NY-NJ metro spans New York, New Jersey. Pick the state you live in — state income tax follows your residence.
Got an offer somewhere else? Compare it with this one after taxes and rent →
Insurance Underwriter pay by experience in New York, NY
| Percentile | Salary | Hourly | Take-home / yr | Per month |
|---|---|---|---|---|
| 10th percentile (entry level) | $73,400 | $35.29 | $57,100 | $4,758 |
| 25th percentile | $81,420 | $39.14 | $62,309 | $5,192 |
| Median (50th) | $98,410 | $47.31 | $73,295 | $6,108 |
| 75th percentile | $131,760 | $63.35 | $94,590 | $7,883 |
| 90th percentile (top earners) | $168,630 | $81.07 | $117,616 | $9,801 |
Wages: BLS Occupational Employment and Wage Statistics, May 2025. Take-home: single filer, New York resident, 2026 tax rules.
What $98,410 buys in New York, NY
Prices in New York, NY are 12.6% higher than the U.S. average (housing costs are 1.49× the national average). Adjusted for local prices, a median insurance underwriter's $73,295 take-home pay has the buying power of $65,115 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 New York, NY as in the U.S. overall (location quotient 1.05).
Best-paying cities for insurance underwriters, adjusted for cost of living
New York, NY ranks #3 of 6 metro areas once taxes and local prices are taken into account.
| # | Metro area | Median salary | Take-home | Real value* |
|---|---|---|---|---|
| 1 | Chicago, IL | $99,840 | $74,270 | $71,693 |
| 2 | Atlanta, GA | $95,430 | $71,635 | $71,593 |
| 3 | New York, NY | $98,410 | $73,295 | $65,115 |
| 4 | Philadelphia, PA | $84,580 | $65,735 | $64,098 |
| 5 | Dallas, TX | $79,590 | $64,822 | $62,879 |
| 6 | Phoenix, AZ | $77,740 | $61,785 | $59,802 |
*Take-home pay divided by the BEA price level, so every city is measured in U.S.-average dollars. See all 6 metros →
About the job: insurance underwriters
Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
- Typical education
- Bachelor's degree
- Work experience
- None required
- On-the-job training
- Moderate-term on-the-job training
- Job outlook, 2025–35
- -3.8% (declining)
Source: BLS Standard Occupational Classification and Employment Projections, 2025–35.
Frequently asked questions
How much does a insurance underwriter make in New York, NY?
The median insurance underwriter salary in the New York-Newark-Jersey City, NY-NJ metro area is $98,410 a year, or about $47.31 an hour, according to the Bureau of Labor Statistics (May 2025). The middle half earn between $81,420 and $131,760.
What is a insurance underwriter’s take-home pay in New York, NY?
On the median $98,410 salary, a single filer living in New York takes home about $73,295 a year ($6,108 a month) after federal tax, Social Security, Medicare and $4,766 in New York taxes in 2026.
Is New York, NY a good place to work as a insurance underwriter?
Pay here is 21% above the national median of $81,370. Local prices are 12.6% above the U.S. average, so the take-home pay buys what $65,115 would in a typical U.S. city. New York, NY ranks #3 of 6 metro areas for cost-of-living-adjusted pay in this job.
Can a insurance underwriter afford rent in New York, NY?
HUD’s fair market rent for a one-bedroom in New York, NY is $2,378 a month ($2,697 for two bedrooms) — 39% of a median insurance underwriter’s monthly take-home pay. Financial planners usually suggest keeping rent under about 30%.
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