How much does an insurance underwriter make in Chicago?
$99,840a year
Median yearly pay for insurance underwriters in the Chicago-Naperville-Elgin, IL-IN metro area. That is $48.00 an hour or $8,320 a month.
- Hourly
- $48.00
- Vs. national median
- +23%
- Rank among cities
- 12 of 142
- Jobs in the area
- 4,060
Pay range
Lowest 10%: $64,360Median: $99,840Highest 10%: $164,400
| Percentile | Yearly | Hourly | |
|---|---|---|---|
| 10th | $64,360 | $30.94 | |
| 25th | $76,660 | $36.86 | |
| Median | $99,840 | $48.00 | |
| 75th | $130,100 | $62.52 | |
| 90th | $164,400 | $79.06 |
Other cities in Illinois
Median yearly pay for insurance underwriters.
| St. Louis, MO | $82,270 |
| Davenport, IA | $80,070 |
| Peoria, IL | $75,910 |
| Springfield, IL | $74,680 |
Related jobs in Chicago
Same field, median yearly pay.
| Personal Financial Advisor | $113,200 |
| Financial Risk Specialist | $105,400 |
| Project Management Specialist | $105,300 |
| Management Analyst | $105,100 |
| Labor Relations Specialist | $103,600 |
| Financial and Investment Analyst | $101,800 |
| Financial Examiner | $98,470 |
| Tax Examiner and Collector | $93,590 |
| Credit Analyst | $92,900 |
| Budget Analyst | $88,460 |
Frequently asked questions
How much does an insurance underwriter make an hour in Chicago?
The median hourly pay in the Chicago-Naperville-Elgin, IL-IN metro area is $48.00 ($99,840 a year).
Do insurance underwriters make more in Chicago than the national average?
Yes: $99,840 against $81,370 nationally, 23% more.
How does Chicago compare with the rest of Illinois?
The median in Illinois is $89,620, so Chicago pays 11% more.
Where does Chicago rank for insurance underwriter pay?
12 of 142 metro areas with data.
How much does an insurance underwriter make starting out in Chicago?
The lowest-paid 10% make $64,360 or less a year; the top 10% make $164,400 or more.
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS): pay in May 2025, published by BLS in 2026. Hourly pay is the yearly figure divided by 2,080 hours.