Insurance Underwriters pay range in Baltimore
New workers and the lowest-paid 10% earn about $57,360 a year or less, while the top 10% make $152,700 or more. The middle half of insurance underwriters in Baltimore earn between $68,930 and $116,360.
- $57K10th
- $69K25th
- $94KMedian
- $116K75th
- $153K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $96,940 | $8,078 | $46.61 |
| Median | $93,510 | $7,792 | $44.96 |
| Entry level (25th percentile) | $68,930 | $5,744 | $33.14 |
| Experienced (75th percentile) | $116,360 | $9,697 | $55.94 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Insurance Underwriters pay in Baltimore vs. Maryland and the U.S.
Insurance underwriters in Baltimore earn about the same as the Maryland average ($96,540) and 3% more than the U.S. average ($93,700). At the median the gap is +15% against the U.S. median of $81,370.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Baltimore | $96,940 | $93,510 | $57,360 | $152,700 | 770 |
| Maryland | $96,540 | $92,120 | $59,520 | $152,690 | 1,310 |
| 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 Baltimore
On the average salary of $96,940, a single filer in Baltimore takes home about $72,634 a year, or $6,053 a month and $2,794 every two weeks. Taxes take 25% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules). Maryland's county income tax (2.25%–3.30%, charged in every county) is not included, so real take-home pay is lower.
Is Baltimore a good place for insurance underwriters? Pay vs. cost of living
Prices in the Baltimore area are 4% above the U.S. average (BEA price parity 104.5), so the average $96,940 buys what about $92,777 would buy in a typical U.S. metro. This job pays 1.6 times the median wage of all jobs in Baltimore ($59,070). A typical home costs $405,877, or 4.2 years of this average salary before tax.
Insurance Underwriters salary in other Maryland cities
Baltimore ranks 1st of 2 Maryland metro areas for this job, the best-paid in the state.
- Baltimore$96,940
- Hagerstown$91,570
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 Baltimore: questions
How much do insurance underwriters make an hour in Baltimore?
$46.61 an hour on average, and $44.96 at the median (BLS, May 2025).
What is the entry-level insurance underwriters salary in Baltimore?
The lowest-paid 10% earn about $57,360 a year and the 25th percentile is $68,930, a fair guide to starting pay.
What is the insurance underwriters take-home pay in Baltimore?
About $72,634 a year ($6,053 a month) for a single filer on the average salary of $96,940. Maryland's county income tax (2.25%–3.30%, charged in every county) is not included, so real take-home pay is lower.
Do insurance underwriters earn more in Baltimore than elsewhere?
The average here is 3% more 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 Baltimore-Columbia-Towson, MD (12580). Relative standard error of the mean wage: 5.1%.
- 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). Maryland's county income tax (2.25%–3.30%, charged in every county) is not included, so real take-home pay is lower.
- Job concentration: location quotient 0.84, this job is about as common as in the U.S. overall.
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