How much does an insurance underwriter make in Madison?
$95,130a year
Median yearly pay for insurance underwriters in the Madison, WI metro area. That is $45.74 an hour or $7,928 a month.
- Hourly
- $45.74
- Vs. national median
- +17%
- Rank among cities
- 25 of 142
- Jobs in the area
- 480
Pay range
Lowest 10%: $62,920Median: $95,130Highest 10%: $132,900
| Percentile | Yearly | Hourly | |
|---|---|---|---|
| 10th | $62,920 | $30.25 | |
| 25th | $76,550 | $36.80 | |
| Median | $95,130 | $45.74 | |
| 75th | $111,600 | $53.67 | |
| 90th | $132,900 | $63.88 |
Other cities in Wisconsin
Median yearly pay for insurance underwriters.
| Milwaukee, WI | $106,600 |
| Appleton, WI | $95,610 |
| Minneapolis, MN | $82,980 |
| Wausau, WI | $71,140 |
Related jobs in Madison
Same field, median yearly pay.
| Personal Financial Advisor | $126,000 |
| Financial and Investment Analyst | $103,800 |
| Financial Risk Specialist | $100,400 |
| Project Management Specialist | $98,990 |
| Labor Relations Specialist | $98,430 |
| Management Analyst | $97,170 |
| Financial Examiner | $88,920 |
| Budget Analyst | $86,340 |
| Claims Adjuster | $81,200 |
| Accountant and Auditor | $81,130 |
Frequently asked questions
How much does an insurance underwriter make an hour in Madison?
The median hourly pay in the Madison, WI metro area is $45.74 ($95,130 a year).
Do insurance underwriters make more in Madison than the national average?
Yes: $95,130 against $81,370 nationally, 17% more.
How does Madison compare with the rest of Wisconsin?
The median in Wisconsin is $97,370, so Madison pays 2% less.
Where does Madison rank for insurance underwriter pay?
25 of 142 metro areas with data.
How much does an insurance underwriter make starting out in Madison?
The lowest-paid 10% make $62,920 or less a year; the top 10% make $132,900 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.