Insurance Underwriter Salary in Richmond, VA
Insurance Underwriters in the Richmond, VA metro area earn a median $81,400 a year — 0% more than the national median. After 2026 taxes, that is $62,229 take-home, or $5,186 a month.
Take-home pay calculator
Pre-filled with the median insurance underwriter salary in Richmond, VA. Enter your own offer to see your paycheck.
- Federal income tax$9,078
- Social Security (6.2%)$5,047
- Medicare (1.45%)$1,180
- Virginia income tax$3,866
- Take-home pay$62,229
Marginal rate: 22% federal + 5.75% state
Insurance Underwriter pay by experience in Richmond, VA
| Percentile | Salary | Hourly | Take-home / yr | Per month |
|---|---|---|---|---|
| 10th percentile (entry level) | $63,310 | $30.44 | $50,223 | $4,185 |
| 25th percentile | $65,680 | $31.58 | $51,991 | $4,333 |
| Median (50th) | $81,400 | $39.13 | $62,229 | $5,186 |
| 75th percentile | $102,270 | $49.17 | $75,711 | $6,309 |
| 90th percentile (top earners) | $129,500 | $62.26 | $93,147 | $7,762 |
Wages: BLS Occupational Employment and Wage Statistics, May 2025. Take-home: single filer, Virginia resident, 2026 tax rules.
What $81,400 buys in Richmond, VA
Prices in Richmond, VA are 2.1% lower than the U.S. average (housing costs are 1% below the national average). Adjusted for local prices, a median insurance underwriter's $62,229 take-home pay has the buying power of $63,591 in a typical American city.
Rents: HUD Fair Market Rents, FY2026 (40th-percentile gross rent incl. utilities). Price levels: BEA Regional Price Parities, 2024.
Richmond, VA has 2.1× the national concentration of insurance underwriter jobs — a strong local market for this occupation.
Best-paying cities for insurance underwriters, adjusted for cost of living
Richmond, VA ranks #26 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 |
| 26 | Richmond, VA | $81,400 | $62,229 | $63,591 |
*Take-home pay divided by the BEA price level, so every city is measured in U.S.-average dollars. See all 43 metros →
Insurance Underwriter salaries elsewhere in Virginia
- Virginia Beach, VA — $77,980
Frequently asked questions
How much does a insurance underwriter make in Richmond, VA?
The median insurance underwriter salary in the Richmond, VA metro area is $81,400 a year, or about $39.13 an hour, according to the Bureau of Labor Statistics (May 2025). The middle half earn between $65,680 and $102,270.
What is a insurance underwriter’s take-home pay in Richmond, VA?
On the median $81,400 salary, a single filer living in Virginia takes home about $62,229 a year ($5,186 a month) after federal tax, Social Security, Medicare and $3,866 in Virginia taxes in 2026.
Is Richmond, VA a good place to work as a insurance underwriter?
Pay here is 0% above the national median of $81,370. Local prices are 2.1% below the U.S. average, so the take-home pay buys what $63,591 would in a typical U.S. city. Richmond, VA ranks #26 of 43 metro areas for cost-of-living-adjusted pay in this job.
Can a insurance underwriter afford rent in Richmond, VA?
HUD’s fair market rent for a one-bedroom in Richmond, VA is $1,505 a month ($1,653 for two bedrooms) — 29% of a median insurance underwriter’s monthly take-home pay. Financial planners usually suggest keeping rent under about 30%.
Related jobs in Richmond, VA
- Personal Financial Advisor — $110,910
- Financial and Investment Analyst — $104,160
- Project Management Specialist — $102,170
- Financial Examiner — $100,540
- Management Analyst — $95,660
- Logistician — $92,500
- Accountant and Auditor — $84,220
- Buyer and Purchasing Agent — $82,370
- Market Research Analyst and Marketing Specialist — $81,660
- Financial Specialists, All Other — $81,070
- Compensation, Benefits, and Job Analysis Specialists — $80,990
- Human Resources Specialist — $79,340