Insurance Underwriters pay range in Indianapolis
New workers and the lowest-paid 10% earn about $48,620 a year or less, while the top 10% make $107,000 or more. The middle half of insurance underwriters in Indianapolis earn between $63,060 and $98,030.
- $49K10th
- $63K25th
- $79KMedian
- $98K75th
- $107K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $80,450 | $6,704 | $38.68 |
| Median | $79,280 | $6,607 | $38.12 |
| Entry level (25th percentile) | $63,060 | $5,255 | $30.32 |
| Experienced (75th percentile) | $98,030 | $8,169 | $47.13 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Insurance Underwriters pay in Indianapolis vs. Indiana and the U.S.
Insurance underwriters in Indianapolis earn about the same as the Indiana average ($78,280) and 14% less than the U.S. average ($93,700). At the median the gap is -3% against the U.S. median of $81,370.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Indianapolis | $80,450 | $79,280 | $48,620 | $107,000 | 1,150 |
| Indiana | $78,280 | $77,440 | $48,160 | $104,580 | 2,170 |
| United States | $93,700 | $81,370 | $55,530 | $145,160 | 105,420 |
State and U.S. rows: BLS statewide and national estimates, May 2025, which include rural areas.
Insurance Underwriters salary after taxes in Indianapolis
On the average salary of $80,450, a single filer in Indianapolis takes home about $61,438 a year, or $5,120 a month and $2,363 every two weeks. Taxes take 24% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules). Includes Indianapolis's local income tax (2.02%).
Is Indianapolis a good place for insurance underwriters? Pay vs. cost of living
Prices in the Indianapolis area are 4% below the U.S. average (BEA price parity 95.7), so the average $80,450 buys what about $84,068 would buy in a typical U.S. metro. This job pays 1.6 times the median wage of all jobs in Indianapolis ($49,340). A typical home costs $295,921, or 3.7 years of this average salary before tax.
Insurance Underwriters salary in other Indiana cities
Indianapolis ranks 2nd of 3 Indiana metro areas for this job; Lafayette pays the most ($91,010).
- Lafayette$91,010
- Indianapolis$80,450
- Fort Wayne$71,470
Highest-paying cities for insurance underwriters
Bridgeport, CT pays this job the most of the metro areas we cover ($127,970).
- Bridgeport, CT$127,970
- Boston, MA$115,600
- Denver, CO$115,260
- Seattle, WA$114,200
- Manchester, NH$112,530
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Insurance Underwriters salary in Indianapolis: questions
How much do insurance underwriters make an hour in Indianapolis?
$38.68 an hour on average, and $38.12 at the median (BLS, May 2025).
What is the entry-level insurance underwriters salary in Indianapolis?
The lowest-paid 10% earn about $48,620 a year and the 25th percentile is $63,060, a fair guide to starting pay.
What is the insurance underwriters take-home pay in Indianapolis?
About $61,438 a year ($5,120 a month) for a single filer on the average salary of $80,450. Includes Indianapolis's local income tax (2.02%).
Do insurance underwriters earn more in Indianapolis than elsewhere?
The average here is 14% less than the U.S. average for this job ($93,700).
Sources and how to read this page
- Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 13-2053; area Indianapolis-Carmel-Greenwood, IN (26900). Relative standard error of the mean wage: 3.9%.
- U.S. and statewide figures: BLS OEWS national and state estimates, May 2025, every employer including rural areas.
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
- Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
- Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules). Includes Indianapolis's local income tax (2.02%).
- Job concentration: location quotient 1.53, this job is 1.5 times as concentrated as in the U.S. overall.
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